Waves lite wallet is an exciting new release by Waves Platform. It’s a completely free and open-source Cryptocurrency wallet that’s built on the code of Proof-of-Stake. Waves wallet was created with the goal of making remote decentralized apps more user friendly to utilize, easier to deploy, and more secure to use. Read on to find out more about Waves and how you can get started with it.
Smart Contracts: The Waves Platform is building upon the ideas of smart contracts, a revolutionary concept to help businesses and individuals make financial transactions without the aid of a third party. A smart contract is a smart computer program written to automatically process and settle the details of a transaction.
Basically, smart contracts act as a virtual agreement that specifies the terms of trade between two parties and is signed using the Waves Platform. You see, smart contracts are a highly efficient form of censorship, and because of their nature, they are very difficult to enforce. However, the Waves team has worked hard to make the protocol as friendly as possible, so smart contracts that use the Waves platform will be safe, secure, and free from censorship.
Waves Platform: Waves is the leading Cryptocurrency wallet and the Waves Mobile Platform. Waves offer a user-friendly interface and numerous functionalities. Itswaves platform allows for Waves transactions and purchases using debit and credit cards. This is done through its mobile application which is available for iOS, Android, and Windows Phones. Another important feature of Waves is that you will have instant confirmation of transactions once they have been made. Transactions through the Waves platform are safe and secured because of its security guard features such as a deposit proof and hold harmless provision.
Another way in which Waves is changing the landscape of the online world is through its highly advanced ‘Waves Wallet’. Unlike traditional web wallets, which are vulnerable to password and user-generated errors, the Waves Wallet is controlled by specialized software that prevents third parties from accessing your money.
This advanced security system uses a ‘multi-salaried’ recovery phrase that generates a unique number for each Waves wallet. This number is used to log into your account without access to your password. Moreover, this number cannot be copied and used by others. As such, if you lose your wallet seed, you can rest assured that your funds are safe and secure.
Many people are wary of using public and shared wallets due to their tendency to be vulnerable to hacking. However, with the Waves Platform and Waves Wallet, you can enjoy the benefits of both worlds. You can enjoy the security and freedom offered by Waves, while still ensuring that your private key and coins are safe and secure. These two aspects are what make Waves a leader in digital currency.
