Waves

Waves uses Leased Proof of Stake (LPoS) where token holders can lease WAVES to block-producing nodes without transferring ownership. The tokens remain locked in the lessor's account until the lease is canceled, and lessors earn a share of node rewards. The Waves-NG protocol separates key blocks (elected via PoS every ~60s) from microblocks (streamed every ~3s), enabling ~100 TPS with fast inclusion times.

Smart contracts are written in Ride, a functional, non-Turing-complete language designed for predictable execution. This approach eliminates gas auctions - instead, transactions have fixed minimum fees by type (e.g., 0.001 WAVES for transfers). Scripts can be attached to accounts (creating dApps/smart accounts) or to assets (smart assets), providing flexibility while maintaining bounded complexity.

Sponsored fees allow dApp operators to pay transaction fees on behalf of users, enabling gasless UX. An asset issuer can enable sponsorship so users pay fees in the custom token while generators receive the equivalent in WAVES. Applications set minSponsoredAssetFee to calibrate the conversion rate, abstracting WAVES from end-users while maintaining network security.

Waves provides multiple interfaces: a Node REST API for standard operations, an optional gRPC server for typed streaming/queries, and a Data Service API with indexed PostgreSQL backend for fast queries and market data. The ecosystem includes Keeper Wallet (official browser/mobile wallet), WX Network DEX infrastructure, and SDKs for TypeScript, Go, Java, Rust, and Python. There's also support for Ethereum-like transactions enabling MetaMask-style signing flows.

Dwellir's dedicated nodes provide enterprise-grade reliability with isolated infrastructure, eliminating public node rate limits and caching delays. You get direct access to all Waves networks (Mainnet/Testnet/Stagenet) with consistent performance for high-frequency operations like DEX trading, tokenization, and dApp interactions. The dedicated setup ensures predictable access patterns that complement Waves' predictable fee structure.