Waves stands as a versatile blockchain platform that accommodates a range of applications, including decentralized applications (DApps) and smart contracts. Introduced in June 2016, following one of the cryptocurrency industry's inaugural initial coin offerings (ICOs), Waves embarked on its journey with the aim of enhancing the speed, functionality, and user experience compared to the earlier blockchain platforms. Over time, Waves has evolved, incorporating enhancements and introducing new features to expand upon its initial design. At the core of the Waves ecosystem is its native token, WAVES. With an uncapped supply, WAVES serves as a means of standard payment, including block rewards.