Waves Node 1.0 Released on Mainnet

Waves Node 1.0 Released on Mainnet

The team from Waves have announced the release of Waves Node 1.0 to the Mainnet.

We are releasing a major update for the Waves blockchain! Waves Node 1.0 will bring some powerful and long-awaited new functionality and features to the Waves ecosystem.

With the release of Node 1.0, Waves Blockchain receives a major upgrade  and this is due to the fact that the Waves developers have been working tirelessly to deliver this much needed advancement to the ecosystem. The release of RIDE for dApps, enabling dApps implementations on Waves will be in full force permitting developers to release all kinds of dApps that will no doubt expand their network tremendously.

This upgrade brings a significant step to the delivery of Waves based dApps and gaming to project the goals of being the main creators of Web 3.0, Sasha’s true goal.

What is RIDE for dApps?

RIDE is a programming language that was written specifically for execution in a Blockchain environments and designed by Waves developers for building applications that will form the next generation of the internet. RIDE includes the following features and properties:

  1. Lazy execution
  2. Predictable computation costs
  3. Zero failed transactions on the network
  4. Modern typed functional approach
  5. Simple and concise
  6. Formal-verification-friendly

Links for writing dApps:  https://docs.wavesplatform.com/en/smart-contracts/writing-dapps.html.

Along with this release, two major additions can form within Waves Blockchain which we will discuss in a further post later this week.

NFT’s: Non-fungible tokens – Think of Cryptokitties but on Waves.

What does Non-fungible tokens mean?

To fully appreciate what makes these tokens special, it’s worth taking a look at the difference between “fungible” and “non-fungible.”

When something is fungible, in this case a token, it means it can be easily replaced by something identical – and it is interchangeable with ease.

Real world examples of something fungible could include grains of rice, or the $1 bank note in your pocket. If you were to lend that $1 to someone, it wouldn’t matter if they didn’t return the exact same one.

This all changes when something is non-fungible. Although two items may look to be identical at a glance, each will have unique information or attributes that make them irreplaceable or impossible to swap.

One physical example of a non-fungible asset could be a plane ticket. Sure, they look the same as other tickets, but each one has different passenger names, destinations, departure times and seat numbers. Exchanging yours with someone could have serious consequences – not only could you end up thousands of miles away from where you wanted to be, airport security might not be too impressed either. “source: Cointelegraph”

Asset Order Fees: Pay for fees including trading fees in other assets.

Waves Node 1.0 release will take place effectively once 80% of all Nodes running the network have a community vote to bring consensus on the development.

One we no doubt believe that due to the potential and growth this will bring to Waves, each Node owner will make the right decision to upgrade as requested by the team at Waves.

From WavesDapp to Waves team, congratulations on this development and we all wish you the best success in delivering us more fantastic Blockchain developments.

Now go get some rest, you deserve it.

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