Three protocol of Waves ecosystem

Three protocol of Waves ecosystem

By OleZba | Crypto Gems | 21 Dec 2020


9f11d93b3f91ff5d59ea4e84cad47cb9e2db3abd223770e7d311dc977ac9eb62.jpeg

Waves.protocol: smart contracts, dApps

The Waves protocol’s smart contracts enable changing the default behaviour of accounts and assets. Using smart contracts on Waves, you can also create a dApp — an application that is stored and executed on the blockchain network. Ride is Waves’ functional purpose-designed smart contract language for dApp development, designed for applying scripts to assets and accounts on the Waves blockchain, as well as for creating sophisticated programmable logic for a decentralized environment. Waves has a unique approach to decentralized application development whereby the absence of gas and non-Turing complete language help to keep the system secure and predictable.

Waves security is guaranteed by time-proven Proof-of-Stake consensus. Leased Proof of Stake (LPoS) is an enhanced proof of stake consensus algorithm that allows you to lease your tokens to a Waves node, earning a percentage of the node payout, as a reward.

Gravity.protocol: cross-chain network

Gravity network is a blockchain-agnostic oracle system for cross-chain communication. No-token approach creates a more inclusive, open ecosystem, while addressing future scaling/stability issues. Gravity provides multi-purpose cross-chain interaction, but without introducing a new Gravity token. Gravity unites data oracles, public and private blockchains, and R&D entities to build an overarching cross-chain network for gateways, decentralized applications, and data feeds.

Neutrino.protocol: DeFi

Neutrino protocol is a multi-assetization protocol, crypto-collateralized, powered by Waves and acting as an interchain toolkit enabling frictionless DeFi on demand. An estimated annual yield can range from 8% to 15%, depending on market conditions and the exchange rate of WAVES. Neutrino.protocol enables the tokenization of national currencies or commodities by algorithmically maintaining the economic stability of the synthetic asset rate. NSBT - an utility token for the Neutrino system designed to ensure the stability of reserves on the Neutrino smart contract. Coming soon a single asset space for all blockchain ecosystems facilitating instant swap between assets across different chains.

More information here https://waves.tech/

How do you rate this article?

5


OleZba
OleZba

Crypto investigator


Crypto Gems
Crypto Gems

Here I plane to write about interesting new games and others entertainments based on crypto and blockchain

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.