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Waves Platform Announces Gradual Transition To Web3.0

18:46 13/03/2019
Waves Platform To Launch New Digital Revolution
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Waves Platform, the blockchain company from Russia, restarted its platform’s website and announced a gradual switch to the Web3.0 mechanism, as follows from the blog.


Sasha Ivanov, the company’s founder, believes that the Web3.0 technology, which emerged at the end of the 20th century, is currently beginning to take shape through the pilot projects that include a range of innovative products based on the principle of digital decentralization. Apart from blockchain, the specialist listed the technologies of Artificial Intelligence, the Internet of Things and Big Data. According to Ivanov, it is now necessary to develop new products and corporate software within the framework of the Web3.0 concept to launch the digital world revolution.


The head of Waves noted that the platform is still waiting for a few more upgrades to increase efficiency. In June 2019, the developers plan to update the programming language of smart contracts, which will serve as the basis for a new format of business logic and computing in the decentralized environment. It is also planned to increase the performance of the blockchain system using the Waves-NG algorithm.


The founder explained that Waves Keeper will become a principal element of the system. It is an application for storing private keys by users without the need to disclose them to other persons, companies or programs.


Ivanov concluded that on the Internet of the future, which will also include blockchain systems as its part, Waves Platform intends to take the place of corporations like Facebook or Google. 


As previously reported, the founder of the blockchain project Waves tweeted a two-week suspension of the site.

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