Waves Tech is a powerful blockchain-agnostic ecosystem focused on inter-chain DeFi, the embodiment of technological freedom for blockchain-based finance.
Waves Tech tweeted: “What’s new about #Waves Node Malibu? Here’s something to share with the Waves community! All transactions and blocks for data exchange with a node are now stored in the Protobuf format.” The update specifications are available in github.”
The Waves protocol are providing a wide range of network modes. For those who want to learn about the differences between the mainnet, testnet, stagenet, devnet and customnet should look in to a recently published article which provides an extensive elaboration titled, “Dealing with different network modes.”
Blockchain is nothing but nodes interacting with each other. The way to using the network is also completely explained.
Waves Tech are trying their best to achieve cross-chain interoperability, for which they are teaming up with Fetch_ai, who are a leading global decentralized machine learning project. The collaboration focuses on making #AI services accessible to more chains using @ProtocolGravity.
Fetch.ai makes use of distributed ledger technology. They have wide potential in several service areas. Anyone who has a proper infrastructure will be able to operate a hub and gain access to the AI tools for coordinating complex machine language tasks.
Sydney Ifergan, the crypto expert tweeted: “Waves have been in the news recently for powering Russia’s first reported crypto backed loan. Russian banks are not waiting for regulatory clarity!”
Alexander Ivanov, Waves CEO and founder have stated that they have not been promoting their protocol for these purposes and that they did not approach banks or startups for these purposes. Also, he stated that they are not working with any other firms to provide tools to secure bank loans using the Waves Open Protocol.
There is lot of regulatory uncertainty around this. However, some legal experts have to state that the new type of loan will be able to potentially become recognized under the Russian Law.
WAVES Deeper InterChain Connectivity
The idea of using cryptocurrencies for banking loans and security obligations is good and this could just be the beginning with Waves motivating more of such events.
Also, TRON and Waves, recently partnered on Inter Chain DeFi with Gravity. Fragmentation of blockchain ecosystems is considered to be a barrier to the mass adoption of cryptocurrency. DeFi can provide for more growth if there is a seamless integration of block chains. Deeper inter-chain connectivity is the motive of this partnership.
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