Waterfall Price (WATER)

What Is Waterfall(WATER)?

Waterfall is a high-scalable smart contract platform for the development of decentralized applications and financial services. The distributed protocol is based on Directed Acyclic Graphs (DAGs) with fast finality Proof-of-Stake (PoS) consensus. The Waterfall platform consists of the Coordinating and Sharding networks achieving high transaction throughput due to the parallelized block production since the DAG structure facilitates scalability which is one of the main challenges of decentralized technologies. The Coordinating network maintains the register of validators as well as assigns block producers, committee members, and leaders in each time slot. In addition, the linearization and finalization of the distributed ledger are performed in the Coordinating network increasing overall security and synchronization.  

How does Waterfall(WATER) Work?

Waterfall is a smart contract platform for the development of decentralized applications (Dapps). It is a distributed ledger protocol based on Directed Acyclic Graph (DAG) technology, with fast finality Proof-of-Stake (PoS) consensus. The platform is highly decentralized, secure and scalable, challenging the blockchain trilemma. The Waterfall platform relies on high transaction throughput via parallelized block production. To date, Waterfall has achieved transaction speeds of up to 11K per second, with the potential for up to millions of tps via Sharding scalability.

Waterfall's main structural element is a node — a registered network stakeholder who uses a digital device to keep track of the BlockDAG's distributed ledger and confirm transaction legitimacy. Each node deploys a certain number of Workers, responsible for storing data, processing transactions and adding new blocks to the ledger.

Each Worker consists of two components with independent addresses that work together: Validator and Coordinator. The Validator creates blocks within the Shard network and earns commissions from transactions. The Coordinator creates and votes for blocks in the Coordinating network and earns rewards through minting.

Waterfall's governing rules and guidelines are implemented via proprietary software that automatically and transparently enforces them, with mechanisms in place that allow for the dynamic adaptation of specific rules to changing situations. Baked into the ecosystem is a system of penalties for malicious nodes that make it counterproductive for bad actors to interfere with the network's operations.

Waterfall Tokenomics

WATER is a native coin that serves as Waterfall's main network digital asset. WATER allows for transaction transfers, execution of smart contracts, governance voting, and minting your own tokens via smart contract. The Waterfall ecosystem relies on the synergistic interactions of all its elements to securely execute transactions.

The Waterfall network is designed to decrease transaction costs, increase throughput, and reduce finalization time. At the same time, the Waterfall tokenomics model is designed to limit the growth of transaction fees while supporting economic feasibility for Workers.

Block producers in the Shard network are compensated with tips and a portion of transaction fees, and in the Coordinating network, block creation is incentivized with minted rewards.

Waterfall Bridge is a cross-chain bridge that allows users to move assets, such as cryptocurrencies or tokens, between Waterfall and other EVM compatible networks.

Waterfall (WATER) Community

• Twitter: https://x.com/waterfall_dag
• Discord: https://discord.com/invite/Nwb8aR2XvR
• Medium: https://medium.com/waterfall-network
• Telegram: https://t.me/waterfall_network