We are excited to announce our collaboration with Waves and their support of the blockchain efforts on Microsoft Azure. The Waves Platform is a decentralized platform for crowdfunding and creation of digital tokens. The platform functions primarily to allow easy creation and distribution, trading and asset exchange, and leveraging a blockchain backend. The product is based on a proof of stake consensus algorithm, which can help lower the carbon footprint of the more compute intensive proof of work models, which is also attractive to enterprise customers. The system has been designed to make it easy to get started with custom tokens. The token systems are a key component in solutions that enterprises are requesting.
The initial release works in conjunction with the testnet. So, with a one click deployment, a node can be added to the testnet and developers can start using the platform with minimal effort.