Waves is a blockchain platform that helps developers and enterprise companies move their networks over to blockchain networks. It mostly does so via helping them build applications for customers and clients to interact with them in this way.
However, the platform also includes a decentralized exchange (DEX) for trading such tokens – ensuring that customers and clients have even more freedom when it comes to their tokens and coins. However, according to a press release shared with CoinTelegraph, the platform is now a hybrid exchange instead of simply a decentralized one.
An excerpt from the release:
“From this point onwards, the old version of the exchange will be unavailable, and the website will offer only functionality to support migration. User funds held on Waves DEX will remain completely safe during and after the process.”
Of course, while the previous exchange is no longer usable, user funds will be safely accessible on there and transported over to the new one. Essentially, this hybrid exchange will combine the decentralized advantages of an exchange, such as its security, with the more practical offerings of a centralized one, like accessibility.
And, from now on, the Waves development team will be working to improve its own protocols, such as the platform’s sharding process and others, instead of anything else. We’ll have to see how the Waves platform expands from here on out.