Waterfall Protocol is a Layer 1, highly-scalable, completely decentralized smart contract platform developed by software development firm BlueWave based on Directed Acyclic Graphs (DAG) technology and fast finality Proof-of-Stake (PoS) consensus. It is designed for the development of decentralized applications (Dapps) and aims to offer scalability, security, and a truly decentralized governance platform while being Ethereum Virtual Machine (EVM) compatible and having low hardware requirements for validators.