WAVES Weekly No. 22

Merry Christmas!

A very Merry Christmas from the Waves team! This will be our last update and film before the holiday.

Sasha recently held an AMA answering many common questions. You can see the recording here, or read the full transcript here.

Development Update

Waves’ decentralised exchange (DEX, aka Matcher) has just been released on testnet. You can download the new update here and help with testing.

Waves’ DEX enables asset-to-asset trading in the core, which means that any token will be tradeable directly against any other token – rather than trading two tokens separately against a reference currency. For example, it will be possible to trade Incent against WavesUSD, rather than requiring two separate steps: Incent → WAVES and then WAVES → WavesUSD. (WAVES is the de facto reference currency if no second token is specified.) Waves token will be the fuel of all operations happening on the platform.

Moreover, the matching operations are also being tested in this release. This is an innovative new system that enables trades to be executed in near-realtime, but still be settled on the blockchain. Trustless HFT-enabled exchange combining off-chain order with on-chain settlement at the same time. Everything, including matching services is provided as all-in-one package in the full nodes and node owners can choose which services they provide: mining, matching or just some services through API.

Meanwhile, we’re working on the first gateways. The Euro gateway is ready from an organisational perspective, but the tech needs to be completed. Other currencies will follow in due course (including cryptocurrency gateways, starting from Bitcoin). This will allow reliable remittance, crowdfunding and other important services to take place.

The Waves community will hopefully appreciate the combined significance of these features and the fact that we are attempting to build a full ecosystem that includes everything users will need, rather than having an undue reliance on third-party technology and organisations.

Waves Nodes and Lite Client Reminders

If you would like to run a full node, please download the latest releases at https://github.com/wavesplatform/Waves/releases/. Anyone can run a node, but you will need at least 10,000 WAVES to generate blocks. You can read the installation guide here.

For regular users the Lite client can be downloaded from https://wavesplatform.com. Do not download the client from other sources for security reasons. (Please be aware that there have been issues with fake github repositories, as well as fake Twitter accounts and Slack identities.) Alternatively, the standalone Chrome app will automatically update as new versions are released.

Events and Networking

Sasha spent part of last week in London. The main purpose of the visit was to discuss with a hedge fund the opportunities around investing in various projects in the Waves ecosystem. He also met with Microsoft in Russia last weekend. Although this was a technical presentation, the Microsoft representatives asked many questions about crowdfunding, seeing the potential for ordinary businesses conducting fundraising whilst remaining compliant.

Business development is a key part of our marketing strategy. We are aware of the importance of material in the crypto and mainstream press, but adoption will largely take place through businesses building applications and driving use through their own customer bases. It is also our hope and expectation that most businesses using the Waves platform will run their own full nodes. This will not only help them to make transactions reliably, and maintain the security of the network, but will increase demand for the WAVES token since a minimum of 10,000 WAVES is currently required to mine.

Anyone who would like to work with Waves is invited to join our Slack to discuss it further, and for technical assistance. Please email rideon@wavesplatform.com for an invitation.

Waves Weekly Crypto Roundup

Episode #13 of WWCR has been released. This week’s episode takes our usual look at the bitcoin and traditional markets, we find our more about ChronoBank and catch up with Addy Crezee again. If you would like your project to feature on WWCR, please get in touch via Slack.

That’s all! Merry Christmas and have a great holiday.

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