WAX is a decentralized platform that allows anyone to access a fully functional virtual marketplace. It has become one of the world's leading platforms for trading virtual items in online games. There is no need to invest in security, infrastructure, or payment processing. Here, for example, gamers can exchange virtual goods. The WAX (WAXP) cryptocurrency is designed for payments between users.
The WAX ecosystem offers users the micro-services. This is essentially a suite of tools and a range of services to help developers create projects on WAX.
The WAX blockchain protocol uses Delegated Proof of Stake (DPOS) as its consensus mechanism, and block production is carried out by 21 block producers. With it, the WAX system can handle large amounts of transactions. Unlike traditional Proof of Work (PoW), DPOS nodes are chosen by users themselves, giving them their votes.
The project began its work in 2017, and its concept was taken from the OPSkins trading platform, which sells various in-game virtual goods. The same team that created the centralized OPSkins platform worked on the decentralized WAX platform.
There are two co-founders behind WAX - William Edward Quigley and Jonathan Yantis. William Quigley has been involved in many other well-known crypto-projects including Tether, Mastercoin, and GoCoin. Jonathan Yantis is also the technical director of this project. He is an active crypto investor, who also supported many new ICOs, including Ethereum.
ICO of WAX was held in November 2017.
To become a WAX owner is not hard, you can use the SimpleSwap service to do it. We have prepared several instructions for you so that there would be no difficulties when buying the WAXP coin:
Now you know about a WAX promising project, thank you for your attention!