Sasha Ivanov proposed updating Waves. Users again dubbed him ‘Until Kvonom’.

Sasha Ivanov, CEO and founder of Waves Platform, said in 2023 he planned to upgrade the project’s blockchain to version 2.0.

#Waves narratives for 2023:

— New Waves (Waves 2.0). Not all Proof-of-stake chains are born equal: probabilistic consensus POS is much more decentralised than PBFT one. Let’s take it to the limit — 1000+ tx per second on L1 keeping full decentralisation!

— Sasha.waves (@sasha35625) December 26, 2022

His plan calls for increasing the first-layer network throughput to more than 1,000 transactions per second, and adding multi-chain-EVM second layer support.

“Finally, EVM on Waves, but let’s try to do more — L2 as a bridge between different L1s,” Ivanov wrote.

As governance model, the Waves CEO proposes using the Power DAO, based on futarchy approaches and the principle of skin in the game.

For economic resilience in the updated blockchain, SafeFi will be introduced — a DeFi model based on predictable behavior and a risk–reward balance, as well as adaptive stablecoins based on DAO-governance “with predictable behavior in any market conditions”.

Overall, the founder of the project said the new developments should address Waves’ liquidity crisis:

“This will be a reality show that you all will be able to watch.”

In comments, Ivanov was dubbed ‘Until Kvonom 2.0’, to which he replied that in 2023 he intends ‘ban such idiots’.

As a reminder, last week the Waves CEO announced the launch of a new stablecoin. Users drew parallels with Terra.

Subsequently, platform developers presented the recapitalisation plan for the algorithmic stablecoin USDN.

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