coincentral-main-menu-search-eyeglass
Hamburger X.

Waves Launches Smart Contracts on Testnet

Waves

Waves, a blockchain-based token creation platform, announced its launch of smart contracts on the Waves Testnet.

Waves had a successful ICO in June 2016 raising over $16 million and has been a relatively early player in the development of the cryptocurrency ecosystem. The platform is largely credited with simplifying the launch of new tokens. With the addition of smart contracts, Waves is seeking to provide more value to the 13,500 tokens created by Waves users, while also attempting to lure more cryptocurrency entrepreneurs into the space.

The first iteration of smart contracts was released on April 28th with the activation expected to occur around May 3rd.

The Waves smart contracts will include account and token controls, which will provide functionality to implement features such as multi-signature wallets, atomic swaps, 2-factor authorization. The team also plans to introduce what they call “Data Transactions”, a way to post Oracle data to the blockchain all within the smart contract code.

It’s really important to do this right. Non-Turing complete contracts will cover a large proportion of use cases, including smart accounts and smart tokens. These will be available from the Waves client for all users and will not require any specialist knowledge or expertise.

– Waves CEO and Founder Alexander Ivanov

After the above features have been tested, the Waves team plans to activate them on the mainnet with fully Turing-complete contracts.

NEWSLETTER

Newsletter (Sidebar)

  • This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Brock Pierce

Brock Pierce on Crypto, Blockchain Gaming, Rebooting Mt. Gox, and More

Brock Pierce is seemingly everywhere in the cryptocurrency and blockchain space. One can trace Pierce’s fingerprints on…

Read More

Cryptocurrency in Eastern Europe: Innovations, Companies, and Progress

Cryptocurrency in Eastern Europe is history in motion. You may be surprised by how active Eastern European…

Read More
Ethereum Raiden network

What is Raiden? The Lighting Network of Ethereum

There has been a long-running obsession with the throughput of transactions for the Ethereum community. Many believe…

Read More

NEXT ARTICLE

Getting Started Gold Bars.

NEXT ARTICLE

What is Raiden? The Lighting Network of Ethereum

There has been a long-running obsession with the throughput of transactions for the Ethereum community. Many believe that technology won’t have a future unless this is resolved. This mainly affects traders, especially those loyal to DEXs, and push to solve it has lead to many exciting avenues. Entire blockchains have been born around the scalability…

ABOUT THE AUTHOR

Getting Started Gold Bars.

ABOUT THE AUTHOR

Alex is the Editor-in-Chief of CoinCentral. Alex also advises blockchain startups, enterprise organizations, and ICOs on content strategy, marketing, and business development. He also regrets not buying more Bitcoin back in 2012, just like you.