Russian blockchain firm Waves has announced updates to its enterprise platform, including accelerated smart contract execution, licensing fees and inter-chain anchoring. On March 17, Waves wrote that the new Version 1.2 of Waves Enterprise will enable an increase in containerized smart contract execution speeds by up to 70 times. The company has sped up execution times by replacing the platform’s former REST communication protocol with Google’s Remote Procedure Call (gRPC) — which containerizes contract execution by removing guest operating systems from the protocol. The speed-up in contract execution will facilitate scaling so that clients can process billions of transactions each …

According to a Feb. 3 press release, open source blockchain platform Waves established a non-profit organization called Waves Association in Frankfurt, Germany to provide effective governance for its own ecosystem, Web3, and to foster the development of DLTs, including public and private blockchain protocols. Uniting six countries The Waves Association will be represented by ten community members from six different countries: Portugal, Spain, Switzerland, Germany, the Netherlands, and Russia. Waves founder Alexander Ivanov, who is also a member of the association, calls the launch of the Waves Association an important step for the company’s ecosystem: Through the Association, we will …

Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. The pilot program was initiated by Rosseti, Russia’s national energy grid operator, which is looking to automate and make transactions between energy producers, suppliers and consumers more transparent. Now that the first stage has been successfully completed, the partners will proceed to scale up their efforts. Ultimately, they envision rolling the blockchain-powered solution out nationwide. Blockchain and energy: What makes them work together? According to Wood Mackenzie, a global natural resources research and consultancy group, the first documented …

Open-source blockchain platform Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue. It will also operate as a data oracle, feeding data from the outside world to the blockchain. Sasha Ivanov, founder of Waves platform and Waves Enterprise, announced the new project on Dec. 11 at the Waves Meetup in Berlin. Trying to decide the problem of blockchain interoperability Gravity Hub is essentially a blockchain that doesn’t have any tokens, but that can communicate with other blockchains, such as Waves platform, Waves Enterprise or Ethereum. Sasha Ivanov explained the importance of the blockchain agnostic protocol in an …

Decentralized exchange (DEX) Waves DEX shut down to resume operations as a hybrid exchange, Waves announced in a press release shared with Cointelegraph on Dec. 2. Per the release, the exchange has already ceased operations on the old domain and the process of moving its activities to Waves.Exchange has already started. The company announced: “From this point onwards, the old version of the exchange will be unavailable, and the website will offer only functionality to support migration. User funds held on Waves DEX will remain completely safe during and after the process.” The hybrid exchange was already partially activated before …

And what does Ride run on? Ride has been specifically designed for Waves — a leased proof-of-stake protocol. Waves says its aim is to build an environment in which developers can program in chunks — all with a view to ensuring that the ecosystem of decentralized applications can move toward the Web 3.0, a new era relating to how internet users and apps interact online. The company says this approach of easy-to-use building blocks results in greater levels of customization and also ensures that DApps will be compatible with other pieces of software in the future. This predictable approaching to …

Blockchain platform Waves has added support for Ethereum-based (ETH) ERC-20 compliant tokens to its decentralized exchange (DEX). The platform announced the new feature on Aug. 22, and hopes it will have a positive impact on the crypto community. Recently, the Waves team also launched a new gateway with support for Vostok and Ergo tokens. High hopes for the feature The Waves team is also aiming to attract new traders and assets to the platform. The post also promises: “Soon, you will see new trading pairs with ERC-20 tokens. Last year, we conducted voting for listing ERC-20 token. Bancor (BNT) won …

Major crypto platform Coinbase announced today that it is exploring support for eight new digital assets. The expansion is part of a larger agenda by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets. Coinbase announced its plans in an official blog post on Aug. 5. As part of the announcement, Coinbase noted that they may roll out public-facing APIs and show other indications of engineering work during the exploratory phase. Per the announcement, the exchange is currently exploring support for Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony …

Waves CEO Alexander Ivanov has announced a new department for enterprise projects that will be fueled by Vostok (VST) tokens. According to a July 18 press release, Waves is opening a new company department called Waves Enterprise, which will employ a corporate blockchain solution of the same name. The Waves Enterprise solution is a management system for businesses that need to handle data sets containing private information. As per the report, VST tokens will be the utility token for Waves Enterprise, and will be exchanged for a variety of network-based services. As Ivanov states: "VST will lay the foundation of …

Founder of token issuance platform Waves has fully sold his stake in the firm’s blockchain spin-off Vostok to focus on the Waves Platform. Alexander Ivanov, CEO and founder of Waves, sold his stake in the Vostok, with global financial group GHP Group becoming the sole owner of the project, according to a press release on July 16. Ivanov said that he decided to sell the Vostok project in order to focus the resources on the development of the Web3 ecosystem within the Waves Platform. Mark Garber, chairman of the board of directors of GHP Group and one of the early …

Blockchain startup Waves has introduced an upgrade to its blockchain that enables decentralized applications (dApps) 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. Commenting on the new implementations, Sasha Ivanov, founder …

Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Top altcoin Ripple (XRP) has lost over one percent in the …