Hire Waves Blockchain Developers | Waves Blockchain Development Company
Waves (WAVES) network claims to be a cryptocurrency Kickstarter that helps to create a token in just a few clicks. One does not need programming or blockchain knowledge to do it. You are only required to give the token a name and follow straightforward instructions to install the application. However, you need a talented programmer to create something more than just a coin.
This article will tell you about Waves — a blockchain platform, its features, and advantages in launching smart contracts and DApps. Furthermore, we will give several pieces of advice on hiring an experienced blockchain developer for Waves, for instance, like Merehead.
A Ukrainian theoretical physicist — Alexander Ivanov, launched Waves in 2016. He was one of the former CEOs of the cryptocurrency platform Coinmat. Also, he actively participated in developing the NXT’s currency blockchain. It inspired Ivanov to launch his blockchain start-up, Waves.
Alexander Ivanov believed that blockchains had two critical disadvantages that he intended to fix with the help of the Waves. First, managing cryptocurrency assets was quite tricky, even buying, selling, and storing bitcoins. This disadvantage made cryptocurrencies far less attractive for users.
Second, traditional business and financial structures had a biased opinion on decentralized, open-source systems. Many people think that blockchain and cryptocurrencies are a threat rather than a beneficial offer. And worse still, blockchain was hard to comprehend for the management of the companies. As a result, it was almost totally ignored by businesses.
Ivanov decided to follow three directions to fix those two disadvantages. He hired a team of fifteen programmers, ten of them were focusing only on frontend development. In other words, they were responsible for creating a flawless user experience and implementing interfaces familiar to regular people. Namely, they were copying designs and interfaces of popular banks.
Next, he focused on businesses. Ivanov and his team began to negotiate with enterprises and governmental institutions. He was reaching for feedback on an ideal blockchain solution for businesses to their minds. Furthermore, he developed separate blockchains, Waves Enterprise for private companies, and Vlostok (later Global Chain) for the public sector.
Finally, Waves focused on developing cryptocurrency crowdfunding. His team and Deloitte founded the BetterTokens association. They created standards and recommendations for token sales and the due diligence procedure to estimate the investment risks. Moreover, they launched Waves Lab — an incubator for crowdfunding projects. It helps with ICO preparation and sometimes with funding.
Hence, Alexander Ivanov created the Waves — a blockchain platform that has three crucial advantages:
Yet, the Waves blockchain structure has two levels:
Anyone can become a validator. It is enough to have an excellent computer, reliable internet connection, and 100 WAVES on the wallet ($14 150 according to the rate of 14.01.2022). One can use their coins or rent from other users, as in Delegated Proof of Stake (DPoS).
The validators receive rewards for their work in tokens:
Custom Application Tokens (CATs). This technology allows businesses to launch their digital currency employed for paying goods and services within their project. A simple interface allows you to do it in a few minutes. It is available on the web, PC, Android, and iOS. Creating a user token costs 1 WAVE ($14.2 according to 14.01.2022).
In September 2018, Waves added smart contracts and DApps. Unlike Ethereum, smart contracts work on RIDE and do not require gas. Instead, the network charges a minimal fixed fee.
Waves Exchange (former WavesDEX). It is a hybrid platform combining irreversibility of transactions, security, user funds control of decentralized exchanges at the speed of centralized trading platforms.
LiquidWave. A derivative market for Waves tokens provides liquidity and opportunities to invest in similar projects.
High bandwidth. Recently, Waves-NG was launched — the leading network to process 100 TPS (transactions per second) compared with 7 TPS for bitcoins and 14-20 TPS for Ethereum. After switching to PoS, Ethereum might speed up to 100 000 TPS, yet Waves will have its side chains till that time.
The comparison of transaction speeds of Bitcoin, Ethereum, Waves, and Waves-NG:
Low fees for transactions. Waves charge only 0.001 Waves ($0.014) per regular transaction and 0.005 Waves ($0.07) for transactions requiring a script. The commission in Ethereum’s network is $20-100.
Ultra-inclusive mining. The consensus mechanism of Waves LPoS guarantees that anyone who has Waves tokens can be rewarded by sharing their tokens with the mining nodes.
Smart tokens. This is a valuable and straightforward function of Waves. Anyone can use it to launch their tokens. They do not need programming experience for it. Launching a token on Waves is just as simple as registering an account on Facebook or buying a product on Amazon.
Crowdfunding. The other advantage of Waves is the opportunity to launch crowdfunding companies in just a few clicks.
Websites like LinkedIn, Clutch.co, Goodfirms.co, Upwork, and Toptal offer a wide range of blockchain developers that will help with launching a solution on Waves. Furthermore, one may search for developers on niched platforms that focus on blockchain-related projects: Coinality, Blocktribe.com, Cryptojoblist.com, Crypto.jobs, Beincrypto.com, or BountyOne.
While searching for a candidate, you need to analyze several parameters. Here is the list of those parameters and a brief description.
Experience in working with Waves. First, see whether they have experience coding on RIDE and working on Waves. The language was integrated into Waves in 2019 (the network itself was launched in 2016). It is possible that the candidate worked with Waves yet has never experienced RIDE.
The portfolio and the cases of the company. But for the experience in developing on Waves, the company should have experience creating solutions in the sector you require. If you want to launch a logistics platform, you must look for a similar case in the portfolio of the candidates. Thus, you will have more chances that the developer is experienced in the niche you need.
Bear in mind that reviews can be bespoke. Honest reviews usually contain information about who wrote them: name, surname, place of work, position, and a link to social media. In addition, it is also imperative that the author of the review is a current and former client of the developer company.
Language of communication. The last factor you shall pay attention to is the manager’s and programmers’ language. Sure, many people speak English now, yet it is not guaranteed, so it is essential to check. You may do this by visiting the company's website or the pages on a social network.