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Waves to launch smart contract initiative and dApps development

Ethereum.Max Pixel/Max Pixel

Thu, 27 Jun 2019, 00:26 am UTC

Waves Blockchain is poised to up its game by enabling the development of dApps and the offering of smart contracts that would then place it on the same level as Ethereum and other rivals. The upgrade is dubbed Node 1.0 and it will come with quite a few notable features. However, the two matters mentioned above are what is getting the most attention.

This development hinges on Wave’s release of RIDE, which is a programming language that it is putting in mainnet, Mirage New reports. The biggest advantage to this particular language, according to the platform, is the fact that it is so user-friendly. This is meant to help prevent common mistakes and enable programmers to release dApps much faster.

Alexander Ivanov is the founder and CEO of Waves and according to him, he expects for a huge number of programmers to come flocking towards RIDE for the ease of which it can be used. This is also being touted as the biggest edge that Wave will soon have over other platforms like Ethereum.

‘DApps are considered to be the future of the decentralised world and a platform that stays ahead in this battle will rise at the top,” Ivanov said.

As of now, there are reportedly over 500 developers currently using RIDE to test it out, Bitcoinexchange notes. The result of this is a daily transaction figure of over 90,000 and that number is only expected to go up as adoption of the programming language increases.

The dApp sector of Waves is currently valued at around $3.2 billion and this is only expected to increase as more developers use RIDE. The overall number of users to employ dApps is also forecasted to go up, thus making Waves’ entry into this market an opportune moment for carving out a huge piece of the pie.

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