What is waves blockchain & how does it work?

(WAVES) The Waves blockchain is designed to enable users to create and launch custom crypto tokens. Waves allows for the creation and trade of crypto tokens without the need for extensive smart contract programming. Rather, tokens can be created and managed via scripts that run in user accounts on the Waves blockchain.

What are the different types of nodes in waves blockchain?

The Waves blockchain allows two different types of nodes to run its software: full nodes and the lightweight nodes. Full nodes keep a complete history of the transactions, while lightweight nodes depend on full nodes for transaction confirmation and interactions within the network.

What is waves cryptocurrency & how does it work?

The WAVES cryptocurrency plays a key role in maintaining and operating the Waves network. WAVES is used to create custom tokens and to pay for transaction fees. Further, the supply of WAVES tokens is limited – there will only ever be 100 million WAVES.

How do blockchain networks work?

Many blockchain networks operate as public databases, meaning that anyone with an Internet connection can view a list of the network’s transaction history. Although users can access details about transactions, they cannot access identifying information about the users making those transactions.