Cyrille Wetter, co-owner of the Waves platform, has announced that the service is about to reach 15 million processed transactions including more than 900,000 successful exchange trades.

The Waves platform is designed to operated along similar lines to Blockchain technology but was developed to work as a decentralised system for crowdfunding and trading of tokens. Instead of creating a replacement to Bitcoin, Waves was developed to allow the transferring, exchanging and issuing of all digital currencies in a decentralised way. Although this idea is not new, it has rarely worked.

Allegedly aiming to combat the associated challenges within the digital currency market, since June 2016 the price of Waves has increased by 600%. In 2017, Waves became the 7th most prosperous crowdfunding campaign in the world.

Waves allows users to create their own tokens, meaning that anyone can develop and release their own digital currency. Users can also decentralise crowdfunding and trading as they use integrated fiat currency gateways such as CNY/EUR/USD. Self-created ICO’s can be utilised to fund and support worldwide projects. What’s more, the whole process is very quick as it doesn’t have to go through digital currency coding making it much easier for startup companies to enter the crypto market.