NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

WAVES ICO Could Have Been Easily Confused with DDoS Attack

Gautham
Gautham
4 years ago
2 mins read
waves

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

DDoS attacks take the top position in the list of threats faced by the online platforms. The Distributed Denial of Service attack is a method of cyber-attack where a website or a platform’s server is overloaded by request bombardment. These artificially generated requests generally end up crashing the server. It is one of the most common forms of cyber attack. WAVES, a cryptocurrency technology based open blockchain platform experienced a similar situation yesterday within 24 hours of announcing an initial coin offering (ICO).

The initial coin offering that started yesterday is set to go on for another 6 weeks. The first day of the campaign, however, was a shocker to those involved as the company’s ICO received an overwhelming response from the public. The record number of requests received by the website could have been easily mistaken for a DDoS attack.

According to reports, the startup managed to raise about 4683 bitcoins (~$2 million) on its very first day, with almost 6 more weeks to go. WAVES platform is built using the blockchain technology for both digital and traditional finance industries. The company intends to create a universal custom crypto-token platform that can be used to represent a value of any kind across different platforms. These tokens can represent other digital currencies, financial instruments, shares in a crowdfunding project and more.

One of the exciting uses of WAVES lies in its adoption by the traditional finance sector where the financial institutions can support and issue WAVES tokens in place of legal tenders and financial instruments. These tokens, carrying the same value as the assigned fiat currency can then be used for making transactions, maintaining cash reserves and more. It will also enable KYC and AML enabled blockchain services depending upon the segment of the industry it is being used in.

The WAVES platform operates on a proof of stake protocol and shares many similarities with Ethereum and Ripple protocols. The system is expected to share few similarities with Ethereum’s Casper and Ripple-like gateways for transactions.

If it achieves mass adoption, then WAVES can be used to create multiple decentralized applications catering for multiple sectors, all operating over a single blockchain. It will also help the institutions maintain different degrees of transparency in their operations along with the inclusion of decentralized KYC/AML process integration.

Like many other digital currency platforms, WAVES is also inclined towards the community projects and crowdfunding aspects. Wave lists its goal to become the decentralized Kickstarter-like platform for open source, community-based projects on its website.

WAVES platform is ready to be tested and a couple of payment systems are expected to be part of this trail run. The platform will soon go live in the coming months.

If WAVES manages to maintain its ICO at the same pace for few more days, the company may as well break all existing records for the total funds raised in a crowdfunded ICO round of fundraising. The said record collection also indicates the belief of the crypto community in the platform and its potential.

Ref: International Business Times
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto

70% Decline In Corporate Crypto Treasury Buying: What’s Going On?

A recent report from Bloomberg has unveiled a striking decline in corporate investment in crypto treasuries, highlighting a significant shift...

Ronaldo Marquez 6 hours ago
Crypto news

Liquidity Wave Extends The Crypto Bull Run Into 2026, Predicts Raoul Pal

Raoul Pal believes the crypto cycle is not nearing a peak but entering a longer, more powerful expansion that can...

Jake Simmons 8 hours ago
Bitcoin

The Mobility Advantage: Why Bitcoin’s Portability Makes It Superior To Traditional Gold

Bitcoin and Gold as stores of value often boil down to a single, critical distinction in the digital era of...

Godspower Owie 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Loses $110,000 Support But Risk Signal Says Market Is Safe – Details

Semilore Faleti 4 minutes ago
Solana, MATIC, Worldcoin, SUI

Solana Freefall Ahead? SOL Price Risks Drop To $150 If This Critical Support Fails

Rubmar Garcia 5 hours ago

山寨幣季熱度再升溫:從Zcash隱私敘事到PepeNode遊戲化挖礦百倍幣預期

Mark Mak 6 hours ago

Premium Sponsors

Press Releases

  • Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena, którego cena wynosi 0,03 zł, a celem jest 12 000 zł

    Inwestorzy kryptowalutowi porzucają Shiba Inu dla tokena...

    14 hours ago
  • Táto alternatíva Shiba Inu (SHIB) v nasledujúcich týždňoch prekoná očakávania a vyskočí z $0,00000012 na $15

    Táto alternatíva Shiba Inu (SHIB) v nasledujúcich...

    16 hours ago
  • Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących tygodniach wzrosnąć z 0,03 zł do 6 000 zł

    Ta alternatywa dla Shiba Inu (SHIB) może w nadchodzących...

    17 hours ago
  • イーサリアム...

    19 hours ago
  • 重要な経済指標を前に、市場は警戒感を強める

    ビットコイン 今後...

    19 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.