The Bullcoin Foundation selected the Waves platform to build our currency, Bullcoin Gold (BCG), and we’ve been very pleased about the ease of the system and the success of our launch. We wanted to take a few minutes to share with you the reasons that it was chosen as well as some thoughts on the company and platform.
Perhaps most importantly, Waves is simple and fast for a wide range of users. It can support hundreds of transactions per second, making it one of the fastest blockchains in the world. The system also makes it easy to store assets securely in its local client, so you can trade safely and quickly on the built-in decentralized exchange (DEX).
It’s becoming a leading way for people of all backgrounds to interact with cryptocurrencies.
A Quick Bit About Waves
Waves is a decentralized platform for crowdfunding and creating digital tokens. It’s believed to be the biggest Russian blockchain project to date. That space is growing with interest and funding, so we believe Waves may be well positioned to take advantage of blockchain and crypto-2.0 business consulting and development that will come out of major markets like Russia.
In our experience and those of other cryptos, Waves makes it easy to create a secure token and launch a viable ICO that protects us and our investors. That’s thanks to its focus on simplicity and mass implementation, plus its proof-of-stake.
Waves makes it easy for companies to decentralize trading and crowdfunding projects, plus it integrates well with a variety of cryptos and fiat currencies. Its decentralized exchange has proven to be a simple and direct way to trade crypto assets. Plus, its blockchain records all transactions, cryptocurrency to fiat and fiat to cryptocurrency, so you do get some protections common in centralized systems.
While its smart contracts are not necessarily as complex as some others, like Ethereum, they are still viewed as secure.
The Company’s Path
That platform has been on a steady path forward, meeting objectives and building out a strong blockchain platform. Here’s what the company’s 2017 roadmap looked like:
The company also has an ambitious plan for 2018 that we think it can achieve.
We’re sharing their roadmap because we think it is a reliable path that can be achieved as Waves continues to staff up and expand its blockchain knowledge. The initial success of the decentralized exchange has led to it consistently reaching a seven-figure trade volume each day. The service’s mobile wallets are expanding quickly and we’re especially big fans of its Chrome integration.
Smart development with a focus on everyday consumers is an easy way to get more people interested in cryptocurrencies, especially those who are new to this entire market. Our token and development focus on helping such newcomers find a safe and reliable way to invest, so Waves makes a lot of sense for programs like us.
Now, Waves has reached a new milestone of more than 350,000 users and about 56% of them are funded and have been used in some form at least once. The reach is stellar and will serve us well.
There are also a variety of mining options available. We’ve got some information on that for you with this Waves mining piece.
The Deloitte Connection
It wasn’t just the formation of the system that we liked. We were also very intrigued by the partners that Waves was able to secure.
We performed extensive reviews of the options available for new token creation in the blockchain industry. After this review, the Bullcoin Foundation chose to launch our token distribution through Waves because of advantages that come with securing major partners.
The biggest fish so far is Deloitte, considered one of the “Big Four” accounting organizations and the largest professional services network in the world by revenue and number of professionals. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 263,900 professionals globally.
Getting Started with Us
We know this can all get a little confusing for some. So here are the big points we’d like you to take away from this post and our approach to Waves:
- The Waves platform is secure and growing.
- You can use fiat currency and cryptocurrencies to buy on the platform.
- Its partnerships, especially Deloitte, should inspire confidence.
- Bullcoin Gold is available now and picking up steam.
If you want to learn a little more about the platform and understanding how to buy our Bullcoin Gold on Waves, we’ve put together a page just for you.
As always, we welcome any questions or comments and look forward to growing BCG with you.