Waves markets itself as a purpose-built smart contract language for dApp development.  What are the main purposes of the ecosystem is to apply code and scripts to assets and accounts on the waves blockchain. The ecosystem is also focused on the creation of a programming language that is sophisticated within the confines of the decentralized world.  When you use the waves smart contract, you can do things like create gaps and execute those dabs on the Waves blockchain platform.

Waves uses what is known as a leased proof of stake L POS that allows you to, you guessed it, lease your tokens to a wave node and earn a percentage of the node’s payout. Waves has the security of 300 nodes located all over the world. Waves also created an Oracle solution called Gravity, which was designed to transfer data between different worlds and interoperability between blockchains.