Waves

Waves is a global open-source platform launched in 2016, designed for building decentralized applications (dApps). It operates on a proof-of-stake consensus mechanism, which helps minimize its carbon footprint. The platform enables the creation of scalable applications and features an algorithmic price stable assetization protocol for stablecoins, which are pegged to real-world assets like national currencies or commodities. Waves is supported by the Waves Association, a Berlin-based non-profit organization that fosters research, education, and provides grants for projects built on the Waves stack. The association does not control or lead the platform; instead, it is maintained by the community. Waves serves developers and businesses looking to leverage blockchain technology for various applications, particularly in the decentralized finance (DeFi) space. The business model revolves around transaction fees and staking rewards, making money through the network's activities. Waves has a growing ecosystem with significant value locked in DeFi, numerous daily transactions, and a high percentage of tokens staked.

Keywords: decentralized, blockchain, dApps, stablecoins, proof-of-stake, DeFi, community-driven, scalable, non-profit, ecosystem.