Earlier this week, the Waves project revealed that the platform reached its landmark 1 millionth account.
#Waves was launched in June 2016 with the intention of becoming a mass-market #blockchain platform. Two and a half years later, we celebrate reaching a very impressive one million wallets created: https://t.co/pAoqpltSot#WavesPlatform #Crypto $WAVES
— Waves Platform (@wavesplatform) September 20, 2018
Since its launch in 2016, the Waves wallet has grown in popularity, with the wallet count being under 250,000 in September 2017. This number has quadrupled in just a year.
Activity stems from its decentralized exchange and frequent airdrops. The team also expects to see a jump in transaction activity when users begin using its smart contracts feature, which arrived on September 10, 2018.
This landmark moment comes as Waves is in talks with the island nation of Malta, popularly known as “Crypto Island” because of its encouraging environment for blockchain and cryptocurrency, to implement blockchain technology nationally. Waves founder Sasha Ivanov spoke with Maltese Prime Minister Joseph Muscat regarding the implementation of Waves for the tokenization of financial assets.
While talks are still in the preliminary stages, it is a huge vote of confidence for the project.
Concerning development, Waves is finalizing support for the Ledger hardware wallet, has given its decentralized exchange a major overhaul, upgraded its iOS app UI and launched a product called Waves Keeper, which securely stores private keys. These developments were discussed in their August monthly review.
However, the most interesting development is the activation of smart contracts on the Waves mainnet, which gives developers the opportunity to run almost any type of use case. This will be the ultimate field test for Waves, and should things go well, we’ll see an increasing number of ICOs work with the platform and make use of the feature.
We are happy to announce that our #smartcontracts launch process on MainNet has officially started: https://t.co/hlQoz97LqR
It's just the beginning, folks — the start of many wonderful things that will be happening in the #Waves ecosystem in the future!#Blockchain $WAVES pic.twitter.com/vFdYPeQi7L
— Waves Platform (@wavesplatform) September 10, 2018
The Waves (WAVES) token is currently priced at $2.14 and has a experienced a 3% drop in the last 24 hours, at the time of writing. The token has also experienced some strong support in the past few bear market months, possibly as a result of the consistent updates that the team has been releasing.
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