Waves EnterprisePrice(WEST)
Details Waves Enterprise (WEST) Price information (USD)
The current real-time price of WEST is $0.0209. In the past 24 hours, WEST has traded between $0.0209 and $0.0209, showing strong market activity. The all-time high of WEST is $0.8376, and the all-time low is $0.0016.
From a short-term perspective, the price change of WEST over the past 1 hour is
Waves Enterprise (WEST) Market Information
Waves Enterprise (WEST) Today's Price
The live price of WEST today is $0.0209, with a current market cap of $0. The 24-hour trading volume is 10K. The price of WEST to USD is updated in real time.
Waves Enterprise (WEST) Price History (USD)
What is WAVES ENTERPRISE (WEST)?
When is the right time to buy WEST? Should I buy or sell WEST now?
Before deciding whether to buy or sell WEST, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WEST technical analysis can provide you with trading references.
Future price trend of WEST
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WAVES ENTERPRISE (WEST) FAQ
What is Waves Enterprise?
Waves Enterprise is a technology company that developed a hybrid enterprise-grade blockchain platform, also named Waves Enterprise. It combines public and private network approaches, focusing on providing accessible Distributed Ledger Technology (DLT) for businesses and governments. The platform is designed for building fault-tolerant digital infrastructures, offering high throughput, scalability, reliability, data immutability, confidentiality, and configurable encryption.
What is the Waves Enterprise System Token (WEST) and what is its utility?
WEST is the platform's native system token, serving as a universal asset for accessing operations and services on the main network and hybrid sidechains. Its uses include paying transaction fees, purchasing services on the main network, and enabling participation in the network as a miner by holding a balance of WEST tokens to generate blocks. WEST tokens can also be used for staking to earn additional benefits.
How does Waves Enterprise's hybrid blockchain approach work?
The hybrid model of Waves Enterprise allows public and private blockchains to coexist within a single ecosystem. This approach aims to leverage the benefits of both, such as the transparency and security of public blockchains, with the privacy, security, and legal compliance required by enterprises. Sidechains are utilized to create private infrastructures, with metadata stored on the mainnet.
What are the key use cases and target audience for Waves Enterprise?
Waves Enterprise targets enterprises and government agencies, providing practical blockchain applications, and is also suitable for small and medium businesses (SMEs). Examples of implemented projects include an electricity settlements pilot for a major energy grid operator and e-voting systems. The platform supports smart contracts in various programming languages and offers tools for system adjustment and monitoring.
How does Waves Enterprise relate to the broader Waves Protocol?
Waves Enterprise is a separate project with an independent team and a different target audience from the Waves Protocol. Although its technology was initially a fork of the Waves protocol, it has evolved significantly due to business demands. There were plans for Waves Enterprise and Waves Platform networks to interact as sidechains within the Waves 2.0 roadmap.
What are some of the past and future developments for Waves Enterprise?
Historically, the project rebranded from Vostok to Waves Enterprise to increase international awareness. The roadmap for 2024 included introducing a WebAssembly (Wasm) virtual machine for smart contracts, launching WEST on Ethereum (ERC-20), introducing the EAST governance token, and unleashing full WEST DAO functionality. Future plans for 2025 include bringing real-world asset trading to the mainnet and launching a decentralized ID platform.
