The decentralized blockchain-ecosystem Waves Platform has launched its own programming language RIDE on the core network. With it, developers will be able to create smart contracts and full-fledged decentralized applications, representatives of the site told BlockchainJournal.

According to the developers, the writing of smart contracts based on the Waves blockchain is superior to similar solutions from Ethereum, EOS and TRON. The advantages include an easy-to-learn programming language, the possibility of formal verification and “lazy computing”, a fixed amount of transaction fees within the network, the absence of “gas”, and improved scalability.

The founder and CEO of Waves, Alexander Ivanov, believes that the launch of RIDE will attract developers to the platform both from competing platforms and from outside the blockchain segment.

“DApps will be the foundation of a future decentralized world. Waves creates original, previously unused solutions by anyone, taking into account the shortcomings of those already on the market. For blockchain developers, this means cheaper and more convenient development than before, and for developers from other industries the entry threshold to the blockchain industry is sharply reduced and new opportunities open up, ”he comments.

According to Waves, in recent weeks, about 500 active participants have tested RIDE and dApps on a test network, generating 40-50 thousand transactions per day. Today, the average daily load is about 100 thousand transactions per day.

In the near future, after the release in the main network, Waves expects a net load increase of 30-50% and an increase in miner income.

Recall that in December 2018, the Waves Platform launched smart assets and smart accounts in the core network.

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