Waves-NG

Waves-NG is the technology allowing to increase capacity a blockchain systems and speed of creation of blocks.

2017: Announcement and start of stress testing

The Waves Platform company announced on November 9, 2017 the Waves-NG technology allowing to process thousands of transactions per minute. Thanks to technology the company expects to increase high-speed performance of the decentralized blockchain platform. Development will also promote an exit of blockchain technologies to mass market and will allow them to compete with traditional payment systems. On November 8 the open stress test of technology started.

The Waves-NG technology increases network transmission capacity and speed of creation of blocks, allows to carry out a set of microtransactions without delays characteristic for traditional a blockchain systems. The Waves platform will be able to maintain heavy loads, such as distribution of bonus tokens or tokens after ICO. Besides, the speed of transactions at the decentralized DEX exchange will increase.

As prototype of technology Bitcoin-NG — the protocol developed for bitcoin by Emin Gyun Sirerom, professor of Cornell University served.

The NG protocol allows to increase the number of transactions in the block without growth quantity of forok. Information necessary for a start for generation of the following block, quickly goes to all notes right after generation of previous. Already then the miner sends to network the greatest possible number of transactions in several portions (microblocks).