Waves was introduced in 2 June 2016 by Waves Platform AG. Waves is a decentralized exchange and crowdfunding. Waves makes a big step on decentralization trading of tokens and other assets. Waves market important feature are the anonymity order book. Waves use proof of stake system, no new coins are created but, the miners get the transaction fees as a sort of payment for helping the network run. Becoming a full node and add new blocks of transactions to the blockchain would require you to have 10,000 WAVES. It has a block creation time of 1 minute with block size of 2-24KB. Waves can handle up to 1.6 transactions per second.