create account

The Future of Blockchain by wavesplatform

View this thread on: hive.blogpeakd.comecency.com
· @wavesplatform ·
$1.22
The Future of Blockchain
![The Future of Blockchain](https://steemitimages.com/DQmfCcmYEYDsJvTEHK5HH3eX4Vv3ZvGpxh4Eu4wj2ttXopa/ng-upd.png)

*Blockchain technology is rapidly changing the world. The key word for the blockchain revolution is tokenisation. Any form of value registered to our names, whether property rights, money or even votes, is destined to be fully digitised, decentralised and tokenised, transferable and tradeable on an instant, cryptographically-secured, peer-to-peer basis.*

Today we’ll talk about some relatively new aspects of blockchain development and Waves’ humble contribution to it. Most people associate blockchain with cryptocurrencies, but the technology is not restricted to money exchange alone and can be applied to almost any sphere of our lives.

# How the Waves Blockchain Works

Blockchains have historically been limited by:
* Low throughput capacity
* Only a handful of transactions per second are possible
* After submission of a transaction to the network, addition to a block occurs only when the next miner has been selected.

The Waves blockchain is fundamentally different:
* Miners are chosen in advance
* Transactions added to the current block as fast as network latency allows
* Transactions are accepted in just seconds, rather than minutes

The result is unbeatable speed and throughput: Waves can support up to 6,000 transactions per minute — an order of magnitude more than other major blockchains.

## Just protocol, no miracle

Over 300,000 transactions were processed by the network on the day the [Waves-NG protocol](https://waves-ng.wavesplatform.com) was first activated. Theoretically, up to 10 million transactions per day are possible. For comparison, at the time the bitcoin network was clogged with over 200,000 pending transactions for many days.

![Over 300,000 transactions were processed by the network](https://steemitimages.com/DQmdrXeSCX2upEc8FSbWvVGiyR3N9CvKkB9Dxx1TckkaxjC/ng2.png)

Waves is already the fastest open blockchain in the world, and we will soon raise capacity further. Waves-NG will allow anyone:

* To send money anywhere in the world instantly
* For one currency to be traded for another with no delays and minimal fees
* To process property purchases in seconds, rather than days or weeks.

Sounds great, doesn’t it? Now let’s put aside the topic of cryptocurrencies and take a look at some further development for blockchain technology, and the role Waves is playing in it.

# Coming next: Smart Contracts, Voting, Atomic Swaps
## Safest deal ever

A deal with no middle-man or risk of a scam? Smart contracts are at your service. They cannot be altered or switched off. For example, property transactions are immediately executed in real-time when all the parties have agreed to the right conditions, or content creators automatically receive royalties every time their material is downloaded or used.

![Waves Smart Contracts coming soon](https://steemitimages.com/DQmQBmZQc8jYw1CmcsjM5dh95bayPUuB7yeP4mm1S2p75ox/smart.png)

Waves’ smart contracts will initially be non-Turing Complete, whilst still providing most of the functionality that businesses will need.

Our plans for smart contracts include:
* First release in April 2018 (most likely)
* After extensive testing and feedback, launch of Turing Complete smart contracts, enabling developers to implement sophisticated logic and address almost any computational task.

## Make elections great again

Voting on the blockchain is the most secure way to conduct a vote on a peer-to-peer basis — vastly reducing or eliminating problems of electoral fraud, keeping the voting process transparent but the anonymity of users protected. Voting can be carried out according to a range of criteria, including one vote per account, or with vote weight proportional to WAVES or token balances.
			 			 	
## Scratch my back and I’ll scratch yours

Whilst it is relatively straightforward to exchange tokens when they are hosted on the same platform (e.g. WAVES and WCT), the challenges involved in exchanging coins across different protocols (e.g. BTC and ETH) are considerable.

Atomic swaps allow parties to exchange different cryptocurrencies trustlessly. Preparations for implementing atomic swap functionality are in development on the Waves platform, [with the right research teams being sought](http://blockchaininstitute.io/#grant-2). Integration of atomic swaps will allow ERC-20 tokens to be traded on the Waves DEX, amongst other use cases.

# Cryptocurrencies: enhancing the experience

This year the Waves team is going to make cryptocurrencies even more safe and useful.
 
## Payment services integrations

We are negotiating with major payment processing companies. It will soon be possible to buy goods and services with WAVES both online and in the real world, bringing the benefits of digital cash to e-commerce.

## Hardware wallets

A secure yet convenient and user-friendly way to store crypto tokens. Work is currently in progress to integrate Waves with a leading provider of hardware wallets.

## Exchanges

Waves is keeping touch with new and existing exchanges to organise listings for both WAVES and Waves tokens.

# Creating a brand new world

Imagine a world where swapping information, goods and different forms of value is frictionless: few mediators will be left, both in terms of individuals and institutions, bureaucratic boundaries will be minimised and exchange speeds will be unthinkably swift. 

We are making that future a reality. Waves is already at the forefront of the peer-to-peer revolution. We are building the fastest, lowest-cost, most secure and user-friendly blockchain platform ever. Join us in bringing about tokenisation for everyone. Let’s change the world together!

***

Join [Waves Community](http://wavescommunity.com/)
Read [Waves News channel](https://t.me/wavesnews)
Follow [Waves Twitter](http://twitter.com/wavesplatform)
Subscribe to [Waves Facebook](https://www.facebook.com/wavesplatform/)
👍  , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorwavesplatform
permlinkthe-future-of-blockchain
categorycryptocurrency
json_metadata{"tags":["cryptocurrency","blockchain","wavesplatform","fintech","waves-ng"],"image":["https://steemitimages.com/DQmfCcmYEYDsJvTEHK5HH3eX4Vv3ZvGpxh4Eu4wj2ttXopa/ng-upd.png","https://steemitimages.com/DQmdrXeSCX2upEc8FSbWvVGiyR3N9CvKkB9Dxx1TckkaxjC/ng2.png","https://steemitimages.com/DQmQBmZQc8jYw1CmcsjM5dh95bayPUuB7yeP4mm1S2p75ox/smart.png"],"links":["https://waves-ng.wavesplatform.com","http://blockchaininstitute.io/#grant-2","http://wavescommunity.com/","https://t.me/wavesnews","http://twitter.com/wavesplatform","https://www.facebook.com/wavesplatform/"],"app":"steemit/0.1","format":"markdown"}
created2018-03-07 14:25:45
last_update2018-03-07 14:25:45
depth0
children9
last_payout2018-03-14 14:25:45
cashout_time1969-12-31 23:59:59
total_payout_value0.967 HBD
curator_payout_value0.252 HBD
pending_payout_value0.000 HBD
promoted5.000 HBD
body_length5,971
author_reputation36,423,928,340,438
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id42,884,687
net_rshares305,518,449,622
author_curate_reward""
vote details (25)
@aro.steem ·
heyyy
what do you think of this: 
https://steemit.com/litecoin/@aro.steem/litcoin-nodes-propagation
properties (22)
authoraro.steem
permlinkre-wavesplatform-the-future-of-blockchain-20180313t165949333z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"links":["https://steemit.com/litecoin/@aro.steem/litcoin-nodes-propagation"],"app":"steemit/0.1"}
created2018-03-13 16:59:51
last_update2018-03-13 16:59:51
depth1
children0
last_payout2018-03-20 16:59:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length99
author_reputation13,589,686,925,958
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id44,180,376
net_rshares0
@cryptotem ·
$0.43
Great update! 

Yesterday I attended the **Waves meetup in Amsterdam** and wrote a post about it: https://steemit.com/cryptocurrency/@cryptotem/yesterday-i-went-to-the-waves-meetup-in-amsterdam-these-are-my-take-aways

Let me know if you have any suggestions for improvement :-)
👍  ,
properties (23)
authorcryptotem
permlinkre-wavesplatform-the-future-of-blockchain-20180307t144015985z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"links":["https://steemit.com/cryptocurrency/@cryptotem/yesterday-i-went-to-the-waves-meetup-in-amsterdam-these-are-my-take-aways"],"app":"steemit/0.1"}
created2018-03-07 14:40:15
last_update2018-03-07 14:40:15
depth1
children2
last_payout2018-03-14 14:40:15
cashout_time1969-12-31 23:59:59
total_payout_value0.335 HBD
curator_payout_value0.095 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length278
author_reputation20,302,398,026,168
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id42,887,501
net_rshares108,244,493,233
author_curate_reward""
vote details (2)
@wavesplatform ·
$0.44
Big up! We hope you enjoyed it :) Thanks for spreading the word, really appreciate that!
👍  ,
properties (23)
authorwavesplatform
permlinkre-cryptotem-re-wavesplatform-the-future-of-blockchain-20180307t144627080z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-03-07 14:46:27
last_update2018-03-07 14:46:27
depth2
children1
last_payout2018-03-14 14:46:27
cashout_time1969-12-31 23:59:59
total_payout_value0.335 HBD
curator_payout_value0.107 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length88
author_reputation36,423,928,340,438
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id42,888,754
net_rshares111,552,003,250
author_curate_reward""
vote details (2)
@cryptotem ·
I definitely enjoyed it. It was well organised (same for the previous new Waves Client launch btw) and I got to talk to some interesting people :-)

**Keep these type of events coming!**
properties (22)
authorcryptotem
permlinkre-wavesplatform-re-cryptotem-re-wavesplatform-the-future-of-blockchain-20180307t152634680z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-03-07 15:26:33
last_update2018-03-07 15:26:33
depth3
children0
last_payout2018-03-14 15:26:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length186
author_reputation20,302,398,026,168
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id42,896,938
net_rshares0
@leewayhertz · (edited)
Great read!

With the technology advancing and more organisations seeing the benefits of a shared ledger among industry partners, most of us think about future applications and Blockchain will resolve that.

With its potential to bring transparency and fairness while saving businesses money and time, the technology is transforming into a wide array of sectors.

I encourage you to check out some of the articles on our Inform site to learn more about blockchain related use cases which might interest you https://bit.ly/2JwKJ85

![case studies.jpeg](https://cdn.steemitimages.com/DQmXTsUnAtbsUYCv839PCEjQMMFBSL4EcwAqzFGAgMoeKg6/case%20studies.jpeg)
properties (22)
authorleewayhertz
permlinkpuhcah
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"image":["https://cdn.steemitimages.com/DQmXTsUnAtbsUYCv839PCEjQMMFBSL4EcwAqzFGAgMoeKg6/case%20studies.jpeg"],"links":["https://bit.ly/2JwKJ85"],"app":"steemit/0.1"}
created2019-07-11 13:32:45
last_update2019-07-11 13:34:03
depth1
children0
last_payout2019-07-18 13:32:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length650
author_reputation15,824,513,098
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id88,157,669
net_rshares0
@rowiestefan ·
SophiaTX is one of a project that I know will be worth of time and effort  https://twitter.com/kaim_eva/status/1062918492968480768
👍  
👎  
properties (23)
authorrowiestefan
permlinkre-wavesplatform-the-future-of-blockchain-20181115t044913186z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"links":["https://twitter.com/kaim_eva/status/1062918492968480768"],"app":"steemit/0.1"}
created2018-11-15 04:51:45
last_update2018-11-15 04:51:45
depth1
children0
last_payout2018-11-22 04:51:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length130
author_reputation6,692,546,999
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id75,314,186
net_rshares-13,643,753,079
author_curate_reward""
vote details (2)
@stellarplanet ·
Been eyeing for lot of cryptocurrencies specially those cryptocurrencies who are related to logistics or supplychain.
properties (22)
authorstellarplanet
permlinkre-wavesplatform-the-future-of-blockchain-20190111t045404293z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2019-01-11 04:54:06
last_update2019-01-11 04:54:06
depth1
children0
last_payout2019-01-18 04:54:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length117
author_reputation3,890,761,762
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id78,213,363
net_rshares0
@tjminer01 ·
is there any date on when waves would have their new exchange?
properties (22)
authortjminer01
permlinkre-wavesplatform-the-future-of-blockchain-20190217t060722842z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2019-02-17 06:07:27
last_update2019-02-17 06:07:27
depth1
children0
last_payout2019-02-24 06:07:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length62
author_reputation2,612,119,226
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id79,987,136
net_rshares0
@uwelang ·
Resteemed so the community here learns what Blockchain means, can do and what you guys can offer to anyone out there, not only crypto and blockchain enthusiasts.
👍  
properties (23)
authoruwelang
permlinkre-wavesplatform-the-future-of-blockchain-20180307t160206947z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-03-07 16:02:06
last_update2018-03-07 16:02:06
depth1
children0
last_payout2018-03-14 16:02:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length161
author_reputation830,766,017,595,157
root_title"The Future of Blockchain"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id42,903,691
net_rshares0
author_curate_reward""
vote details (1)