Bitcoin and Waves: Comparing Two Major Digital Assets
Bitcoin is the most popular digital asset in the world, but there are a number of other networks and currencies that offer different features. This article will compare Bitcoin with another fast-growing network called Waves to see how they stack up against each other.
The Waves project is a decentralized platform for the creation and distribution of custom tokens. These can represent financial instruments like currencies, shares or IOUs; game items; digital rights; or any other item with inherent value that needs to be exchanged on the blockchain. The waves token itself has been premined no further coins will ever exist but it doesn’t matter because most people use them as a way to trade in and out of other assets rather than using them directly for their intended purpose running smart contracts by paying transaction fees in waves instead.
So far there have only been two major ICOs held on this network: MobileGo which raised $53 million (at current prices) and Starta Capital VC Fund, which raised $16 million.
Bitcoin has a much larger market cap – over $11 billion, of which around 17% is due to the premined that occured in 2009 when new coins were created and mining became possible for anyone with computer power and knowledge. Bitcoin’s price reached an all time high at the end of last year as it grew from under $1000 earlier in 2017 to almost $20000 by December 18th before crashing down to just over half that value now. Waves tokens are worth about 20 cents each (at current prices). Some things you should know:
Waves was started in 2016 and had its ICO on April 12th this year, raising around 130 bitcoins or roughly $25000;
Waves total supply is 100 million, of which about 95% has been distributed to investors and miners
The current market cap for Waves tokens is around $135 million.
This blog post compares two major blockchain networks: Bitcoin and Waves. It will discuss their similarities and differences in the areas of price (current prices) and distribution method as well as features such as decentralization.
Bitcoin was released by Satoshi Nakamoto on January 18th 2009 with an initial release of 50 BTC per block mined until 2010 when it became a competitive mining system where every miner competes against each other using hardware power to mine new coins from bitcoin blocks totaling 25 bitcoins after Nov 13 2017. The premine occurred when new coins were created from bitcoin blocks which totaled 50 BTC per block mined until 2010, when the mining became competitive and every miner competes against each other using hardware power to mine new coins from bitcoin blocks.
-This is Waves’ first major distribution of tokens through ICO (Initial Coin Offering) occurring on April 26th 2016 with a max supply of 100 million WAVES at 4000 bitcoins per coin distributed to investors and miners for about $16 million USD.
Bitcoin has been one of the most successful cryptocurrencies that have ever existed since it was released in 2009 by Satoshi Nakamoto. Bitcoin’s success as an asset lies in its decentralization because there is no central authority or bank involved – making this cryptocurrency not dependant on any third party institution. This crypto is open to everyone, and anyone who has internet access can take part.
Bitcoin’s rise in value showed how well it could function as an asset because of its decentralized nature – when someone buys bitcoins, they invest their money into something that doesn’t depend upon any one institution like banks or governments. This draws people towards bitcoin because there is no single point of failure where if that breaks then everything falls apart.
Waves is an open source blockchain platform that allows users to issue, transfer and trade custom tokens on a decentralized exchange built into the waves wallet software. But Bitcoin does not have this feature at all while Waves provides more functionality than Bitcoin such as smart contracts which are self executing agreements between parties without the need for human intermediaries or interfaces with other blockchains like Ethereum’s ERC20 token standard.
Bitcoin operates in many ways similarly to gold but also has some differences when it comes to supply because bitcoin mining relies on both electricity costs and the amount of time spent finding blocks making its total supply finite whereas gold can be mined indefinitely by humans given enough resources.