# Why Waves
Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions.
Issuing your own token on the Waves blockchain is a piece of cake. The token is available for transfers and trading immediately: that's perfect for crowdfunding and ICO. More about token issue
# Smart Contracts
Waves offers a unique approach to decentralized application development: by avoiding gas and non-Turing-complete language we keep the system secure and predictable. For smart contract creation, Waves provides its native language called Ride. Its straightforward and developer-friendly syntax makes blockchain development easy and intuitive. More about Ride
# Leased Proof of Stake
Waves is based on a Proof-of-Stake consensus algorithm. Each participant's chance to generate the next block is proportional to their economic stake in the network. Unlike Proof-of-Work, Proof-of-Stake is hardware-savvy and power-savvy, making attacks profitless for miners.
Users can lease their WAVES to a Waves node and get a part of the node payout as a reward, preserving full control over their WAVES under their accounts. More about leasing
The Waves-NG protocol boosts blockchain performance to hundreds of transactions per second by using “liquid” blocks that grow continuously until the next block is created. It usually takes about 2 seconds to add a transaction to the block, which contributes to user experience of your apps. More about Waves-NG
The Waves protocol is totally open, with the source code available on Github (opens new window). The protocol's updates and improvements are discussed by the community on the Waves Enhancement Proposals (opens new window) forum. Activation of new features and reward changes are accepted by voting of the nodes.
# Ecosystem for Developers
Beyond the blockchain functionality and its underlying protocols, the Waves ecosystem offers a diverse collection of tools, products, and components to streamline the process of building and running dApps. The tools are developed both by the Waves team and the developer community.