Waves Jumps 20% After Launching Smart Contracts on Its Mainnet

via Wavesplatform.com

The price of Waves (WAVES), a blockchain platform centered around a multi-currency wallet that features a decentralized exchange (DEX), has jumped over 20% today after the project announced that it has initiated the launch process for smart contracts on its mainnet.

According to the announcement, the full launch of the new blockchain functionality requires a voting consensus by miners on the network. Once the yes votes reach 80% consensus, the protocol will be activated a week later. Following the activation, smart contracts will immediately be made available to developers.

The new smart contracts will bring a number of additional features to the Waves network, including multi-signature wallets, atomic swaps, whitelist voting, data oracles and a system of token freezing to enable greater user control of funds.

In a statement accompanying the announcement, Waves founder and CEO Sasha Ivanov emphasized the goal of the project to build a highly-accessible blockchain platform.

We are creating a user-friendly blockchain platform that will be easy for anyone to use. To achieve this we are trying to look at the system through the user’s eyes and understand what they most need. This is the essence of our approach to Smart Accounts.

Waves is currently ranked 34th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, and 4th in the AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens.

More: Waves Platform Enhances Blockchain Functionality
Interesting: CryptoMetrics: Active Blockchain Addresses as a Measure of Cryptocurrency Value

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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