WAX
WAX is a blockchain and protocol token specifically designed for e-commerce, aiming to make e-commerce transactions faster, more convenient, and more secure for all participants.WAX blockchain uses delegated proof of stake as its consensus mechanism and is fully backward-compatible with EOS.WAX-developed custom features and incentive mechanisms are designed to optimize the blockchain’s usability in e-commerce and encourage voting on guilds and proposals.WAX has created a suite of blockchain-based tools on which decentralized applications, marketplaces, and native non-fungible tokens are built. These tools include services supporting e-commerce operations, such as WAX cloud wallets,SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology reportedly represents a blockchain architecture with a block time of 500 milliseconds, no fees charged to customers, and voting rewards to incentivize participation in selecting block producers and proposals.
Overview
WAX is a blockchain and protocol token specifically designed for e-commerce, aiming to make e-commerce transactions faster, more convenient, and more secure for all participants.WAX blockchain uses delegated proof of stake as its consensus mechanism and is fully backward-compatible with EOS.WAX-developed custom features and incentive mechanisms are designed to optimize the blockchain’s usability in e-commerce and encourage voting on guilds and proposals.WAX has created a suite of blockchain-based tools on which decentralized applications, marketplaces, and native non-fungible tokens are built. These tools include services supporting e-commerce operations, such as WAX cloud wallets,SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology reportedly represents a blockchain architecture with a block time of 500 milliseconds, no fees charged to customers, and voting rewards to incentivize participation in selecting block producers and proposals.
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