Another video in my 'Quick Cryptocurrency Overview' series.
In this episode I cover Waves (WAVES).
Waves is a decentralized financial trading platform that is built on its own blockchain with custom tokens being its main feature.
Waves also introduced their own token WAVES which is the the fuel of the platform. It is used for every activity that involves fees.
It has their own client which is a wallet, decentralised exchange (DEX), and a tool to release tokens. It is designed with mass adoption in mind. The wallet is a multi-currency wallet. It does not only allow users to hold WAVES but also any custom token issued on the Waves blockchain as well as other tokens.
Some of the sources of information about the project.
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ETH and ERC20: 0xFF8536eDDaD144A0005Cd6f34999A11a9A871DdF
Ok, so the Waves platform/wallet/app holds a few fiats including dollars, right? And you can transfer to someone else with the Waves thing too, right? And it only costs .001 waves. Sounds good so far. Sooooo....how would one get that transferred money out as actual cash again?
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