Blockchain startup Waves has introduced an upgrade to its blockchain that enables decentralized applications on the platform.
The development was announced in a blog post published on June 25.
The company has introduced a major update for its blockchain dubbed Waves Node 1.0, and released the mainnet of RIDE, that will purportedly allow the implementation of dApps on Waves.
The firm claims in the post that new mathematical functions of RIDE will enable developers to perform calculations on the Waves blockchain necessary for real use cases like implementing an algorithmic stablecoin.
"I do believe that one of the main obstacles for mass development of decentralised solutions on existing platforms is unpredictable final cost of transactions due to gas. As for the Waves, all transaction fees in our blockchain are fixed and immutable. Waves ecosystem already has all the necessary elements for development: decentralized repository, possibility for creating oracles, tokenization of tangible and intangible values, and now also for development of full-fledged dApps...".
Waves has introduced an alternative to the REST API, a mechanism for standard description of interfaces and data formats.
The new interface is designed to reduce development time.
The upgrade will also allow the issuance of non-fungible tokens on the Waves blockchain.
As reported, Waves raised $120 million in a private funding round for its new project called Vostok last December.
The product is designed to help the Waves Platform to develop new technologies such as artificial intelligence, Internet of Things, and blockchain in order to "Support a truly open and decentralised web."
Blockchain Startup Waves Updates Blockchain to Allow for DApps
Publicado en Jun 26, 2019
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.