Thursday February 25, 2021
Bitcoin (BTC) $50,814.00   Ether (ETH) $1,656.77
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Networks & Protocols

Waves Enterprise blockchain network releases major upgrade

The release features containerized smart contracts, improved performance, new tools and an upgraded API...

Published by CryptoNinjas.net
11/14/2019
Waves Enterprise blockchain network releases major upgrade

Waves Enterprise, an extension of Waves technologies, built specifically for the global needs of the corporate and public sectors, announced today the release of a major network upgrade. Version 1.0 rolls out significant improvements and updates to the platform.

The Waves Enterprise platform was launched earlier this year to address the unique needs of enterprise blockchain adoption, The high-performance network features private and hybrid blockchains, multiple encryption modules, and containerized smart contracts written in any popular programming language.

The VST token, which operates as the native asset for the network, was also recently renamed WEST: Waves Enterprise System Token. Further, the total supply of WEST has now been reduced from 1 billion to 400 million, without the need for any further changes to the protocol.

This flagship release sees several key features deployed and important new functionality for enterprise customers:

Authorization Service

The platform has implemented authorization services to achieve enterprise-level security under the OAuth 2.0 specification. New features include:

  • Previously, the Waves Enterprise API was open and anyone could use it. Now, users need to log in before using the API. This is a measure taken to increase security.
  • Multiple accounts are now supported (i.e. many blockchain addresses) under one login-password. This is designed to make the platform more convenient to use.
  • Node administrators can now control the keys that are included in the keystore (which do not have a seed phrase) from the client app.
  • A single Waves Enterprise account can now be used across all services. This feature will soon be made available with the coming release of personal account functionality, where it will be most useful.

All of this functionality can also be integrated with other Waves Enterprise services.

Containerized Smart Contracts – Improved Performance

  • It is now possible to execute hundreds of contracts per minute. These are not simple scripts, but very extensive sets of instructions. The Waves Enterprise team recently published an article about face recognition, which utilizes a neural network library.
  • Version 1.0 also features updated mechanics of processing requests by nodes in the Waves-NG protocol.

Performance test results including the methodology used, is soon to be released. The Waves Enterprise platform is striving to place 600,000 records per hour into a contract.

Ability to Update Containerized Smart Contracts

  • This release makes it possible to seamlessly update contracts, without causing unnecessary problems with maintaining the security of the state.
  • Versions will be updated automatically, so fraud is not possible.

Improved Stability for PoA and PoS Consensus Algorithms

In the case that the load on the network exceeds the maximum allowed, the blockchain retains consistency, Waves Enterprise removes restrictions on blocks inherited from the parent network (Waves Platform). Recent tests conducted at the maximum load confirmed stable operation for a period of several weeks on a geographically distributed cluster spanning 13,000 kilometers.

Increased Blockchain Speed

Nodes with the following characteristics operate stably: 2 cores, 8 GB RAM. The network creates a block of 2 MB every 12 seconds, with up to 10,000 transactions per block and micro blocks every 500 milliseconds. The bandwidth of the Waves Enterprise blockchain network is 8 Mbit/s, which is 1 MB/s. The blockchain is like a data bus. Bandwidth can be expanded up to 2 MB/s, like Cosmos.

Added Interface to Work with API and Updated SWAGGER, With Documentation

  • All templates were filled out.
  • Increased speed of integration and made the process easier. All methods are provided with examples to simplify integration.

Forthcoming UI features

In the next Waves Enterprise release, additional features in the client interface will be implemented including:

  • All private transactions will be displayed in the interface.
  • The client will have a tab that will display the status of anchoring, errors, and filters.
  • Users will have information about anchoring in in the personal account.
13
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Waves to offer collateral protection on USDN stablecoin with UNION platform
Networks & Protocols

Waves to offer collateral protection on USDN stablecoin with UNION platform

12/29/2020
Rostelecom and Waves Enterprise develop federal blockchain-based e-voting system
Blockchain Technology

Rostelecom and Waves Enterprise develop federal blockchain-based e-voting system

08/19/2020
Waves integrates Band Protocol’s oracles to enable cross-chain use for Neutrino stablecoin
Networks & Protocols

Waves integrates Band Protocol’s oracles to enable cross-chain use for Neutrino stablecoin

07/14/2020
Waves Exchange begins staking contest with Neutrino (USDN) stablecoin
Featured

Waves Exchange begins staking contest with Neutrino (USDN) stablecoin

03/24/2020
Waves Enterprise blockchain platform receives major enhancements
Networks & Protocols

Waves Enterprise blockchain platform receives major enhancements

03/17/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Bitcoin Suisse increases depositor bank guarantee to CHF 110M

Bitcoin Suisse increases depositor bank guarantee to CHF 110M

02/23/2021
Amber Group boosts its crypto trading infrastructure security with AnChain.AI

Amber Group boosts its crypto trading infrastructure security with AnChain.AI

02/23/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Tatum helps donation-based betting app Fandona complete its blockchain MVP

Tatum helps donation-based betting app Fandona complete its blockchain MVP

02/24/2021
Modulus launches blockchain-as-a-service platform for product authenticity & tracking

Modulus launches blockchain-as-a-service platform for product authenticity & tracking

02/24/2021
BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM

BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM

02/24/2021
Alameda Research leads $40M round in decentralized prime brokerage protocol Oxygen

Alameda Research leads $40M round in decentralized prime brokerage protocol Oxygen

02/24/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version