We analyze the damped, driven, discrete sine-Gordon equation with peri
odic boundary conditions and constant forcing. Analytical and numerica
l results are presented about the existence, stability, and bifurcatio
ns of traveling waves in this system. These results are compared with
experimental measurements of the current-voltage (I-V) characteristics
of a ring of N=8 underdamped Josephson junctions. We find two types o
f traveling waves: low-velocity kinks and high-velocity whirling modes
. The kinks excite small-amplitude linear waves in their wake. At cert
ain drive strengths, the linear waves phase-lock to the kink, generati
ng resonant steps in the I-V curve. Steps also occur in the high-veloc
ity region, due to parametric instabilities of the whirling mode. We a
nalyze the onset of these instabilities, then numerically study the se
condary bifurcations and complex spatiotemporal phenomena that occur p
ast the onset. In all cases, the measured voltage locations of the res
onant steps are in good agreement with the predictions.