Wave core, lightweight wallet with security features to keep your wallet safe and secure.
The Wave Wallet is a wallet that allows you to send and receive WAVE. The WAVE blockchain is built on a Proof of Stake (PoS) algorithm to validate transactions, which allows WAVE owners to stake their WAVE. Once you stake WAVE, you can sign blocks in the blockchain and earn WAVE as a result. It is important to mention that the WAVE wallet offers a so-called dual purpose, which allows you to stake WAVE in addition to performing transactions.
By staking, you strengthen the WAVE blockchain network. A full copy of the WAVE blockchain resides on each device running the WAVE wallet, so the wallet effectively sits on a WAVE full node. When the node detects that WAVE have been staked, new blocks are actively mined, contributing to the overall performance and resilience of the network. To ensure that even low volume stakers have a chance to receive rewards, the freezing feature has been implemented. On the one hand, this maximizes transactions in the blockchain, while at the same time increasing staking returns and further strengthening the security of the network. The freezing function is limited to 25,000,000 WAVE and will be discontinued after that.