We’ve prepared for you a recap of our AMA session on May 31 with Carlos, Artem, and Rob. Future plans, mainnet developmet, WEST, EAST.Finance, and much more here.

Waves Enterprise mainnet celebrates its second anniversary! Since June 2020 it has grown from version 1.2.2 to 1.6, boasting a large number of new features and improvements. Here we list the most remarkable ones and share some numbers.

From May 11 to 25, 2021, the largest voting on social initiatives within Russia was conducted in the Volgograd region. For the project, an e-voting service was developed on top of the Waves Enterprise blockchain platform.

More details

We’re glad to introduce the newest release of Waves Enterprise platform — 1.6.2. There we added customized validation of smart contract processing results along with API versioning for smart contracts. Check for more details about this and the previous update in our blog.

❗️175 mln of WEST will be locked on a smart contract to increase the independence of the mainnet❗️

$WEST (Waves Enterprise System Token) is a utility token of Waves Enterprise mainnet, used for all its operations. In September 2020 we told that 160 mln of WEST had been locked in a smart contract till 2022.

Recently, Tokenomika, an operator of Waves Enterprise mainnet, has finished the purchase of 200 mln from early investors via an over-the-counter trade. Most of these tokens will also be stored on a smart contract till 2023 with no access available. You can check the address where the smart contract is stored, and the script itself.

From now, 25 mln of WEST remain in possession of the team to be used for mainnet development. Restricting WEST circulation to low volumes will help to develop the token and increase its value. It will also cut the risks of manipulating the LPoS-based chain.

Closer to 2023 we’ll uncover the plans for unlocking tokens and putting them into circulation.

We know you’re really looking forward to the launch just as we do, but due to some reasons, we have to postpone it a little. As you may know, our partners from BondAppétit have postponed their purchase of bonds and the transition to Phase 2 until approximately August 1st. Using USDap as a stable collateral asset, EAST.Finance has to be delayed as well.

Also, EAST is the first token in Waves Enterprise mainnet that is based on containerized smart contracts. So we need extra time to polish EAST transferring to the Waves network and back through Waves Exchange gateways. The listing on other exchanges will take some more resources too.

But there is some good news as well. This delay lets us add nice new features to the protocol, or rather to the vault liquidation. This part of the protocol will become available for common users. They will manage to participate and earn from it, thereby minimizing the need for a trusted party.

The new date of starting phase 1 will be announced in a few days. Stay tuned to EAST.Finance!

As you know, due to certain circumstances we had to delay Phase 2 of EAST.Finance. Recently our partners from BondAppetit finalized the acquisition of the first batch of bonds — congratulations on it! — and, much to our delight, we can move to the final stage of polishing our product.

So now we are ready to share the final time range of our launch — it’s definitely planned for the second half of September. Less than two months remain, so there is a lot of testing and refining ahead to ensure the perfect result. We will work hard and deliver within the timeframe — stay tuned to EAST.Finance in order not to miss the start!

Want to know more about the plans of Waves Enterprise and Tokenomika for the rest of 2021? To satisfy your curiosity, we’ll provide an AMA session here, in Waves Enterprise telegram group.

At 4 pm CET, August 31, Carlos M. Parada, CBDO of Tokenomika, and Artem Kalikhov, CPO of Waves Enterprise, will answer all your questions about the nearest future of Waves Enterprise ecosystem. Save the date, see you in the text chat!

On August 31, we provided a text AMA session where Carlos M. Parada, CBDO of Tokenomika, and Artem Kalikhov, CPO of Waves Enterprise, answered your questions about the future of both companies and EAST.Finance. Now you can check the recap in our blog.

💥 New asset in StakingBox TIDEX — WEST!

Waves Enterprise System Token (WEST) is the native utility token of payment for all network operations at Waves Enterprise mainnet.

Detailed guide "How to stake WEST" read on our educational portal CryptoSkill:
https://cryptoskill.college/en/products/stakingbox/west

We have updated our plans for developing the Waves Enterprise platform in the following quarters.

Performance growth, better integration, reducing entry barriers for new users, PKI and other improvements planned — check them all in our blog.

In the 1.6.2 update of the Waves Enterprise platform, we introduced new rules of distributing commission for smart contract execution. Since then, 25% of the commission goes to the validators of a smart contract. Now it’s time to appoint these validators.

We are giving this role to all active mining pools and 2–3 additional nodes supported by the team. Then, we’ll set all smart contracts in our applications to be validated by them. Unlike mining, smart contract validation demands calculating resources almost every time. So, being an owner of a listed pool, you can refuse to be a validator. If you want to, please contact Waves Enterprise support.

We are introducing Waves Enterprise Wallet — a new Chrome extension to connect your Waves Enterprise accounts to web services.

Waves Enterprise Wallet keeps all your sensitive data encrypted apart from your browser storage and lets you safely sign all your transactions in Waves Enterprise services with your personal keys.

The extension will be supported starting from the release 1.7 of the platform, planned in a few days. EAST.Finance protocol support will also be included. You can find more info about the extension in our blog.

We are glad to introduce our updated GitHub repository. There you can find the source code of all EAST.Finance components — the smart contract, the client and others — along with comments for better understanding.

We believe that such transparency is necessary for a trustworthy DeFi instrument, so feel free to dive deeper into the mechanics of our protocol.

We introduce a new release of the Waves Enterprise platform – version 1.7. There we focused on blockchain performance, bandwidth, and resource efficiency.

We added prioritization to smart contract processing, optimized the algorithms of block processing and the network protocol. Also, in a stand-alone Scala library we packed all the domain objects engaged in network transactions. A new node operating mode was added to the blockchain – a watcher node.

Some client updates took place as well: Waves Enterprise Wallet extension support and smart contract validation displaying. You can find more details in our blog.

We are happy to announce the launch of EAST.Finance! Phase 1 of the protocol is up and running, so you can go to the EAST.Finance client, log in, authorize with your seed or safely with WE Wallet extension, and issue EAST with your WEST!

In a few weeks we are to activate gateway functionality, as well as list EAST at exchanges including Waves.Exchange. You can find more info about the EAST.Finance protocol in its updated white paper and GitHub repository. Enjoy the ride!

Dear WEST Enthusiats, we are happy to introduce some interaction topics with you. Please let us know your opinion about that!
We are curious on what wallet(s) you are using on everyday basis and how you manage your crypto assets.

Could you share your attitudes with us? This will help us a lot, so the product development will be much closer to the market and its participants. Please take the survey below.