Waves Protocol
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Waves Protocol

Waves 1.2 Malibu activated

Waves 1.2 Malibu activated
  1. Verifiable random functions (VRF)
    The new feature makes the Waves protocol resistant to attacks and enhances the security of LPoS.
  2. New execution model
    The new script execution model makes the Waves network more resistant to DDoS attacks, also introducing a fairer block generation process by charging fees on failed transactions.
  3. Attaching 2 payments to dApp calls
    Users will be able to attach up to two tokens in dApps as payment for new DeFi mechanics.
  4. Removing data keys
    Removal of key-value pairs from account storage is now possible, thanks to using the DeleteEntry function in #Ride v4, which helps speed up API calls.
  5. Function families in Ride v4
    Functions with different argument size limits and complexities can be used, which ensures better security and less complexity.
  6. Ethereum compatibility
    Ride v4 now includes the ecrecover function that derives a public key from a message signed with ECDSA. The same function is used for signature verification and encryption in Ethereum.
  7. Reissue transaction fee -> 0.001 Waves
    The reissue transaction fee has been reduced 1,000 times and now equals to 0.001 WAVES, opening new possibilities for projects on Waves.
  8. Protobuf schemas
    All transactions and blocks for data exchange with a node are now stored in the Protobuf format.
  9. Block capacity optimization
    The update sees an increase in block minimum duration from 5 to 15 sec., which reduces the number of very short/long blocks. The average block time stays at 1 min.

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Inal Kardanov

Co-founder & CTO of Billy. Software engineer. Blockchain, ML&AI developer. All opinions are my own.