WAX Waxp Price USD

WAX (WAXP) is a blockchain that was made for e-commerce transactions and came out in 2017. Its goal is to make e-commerce transactions faster, easier, and safer for everyone involved. Delegated proof-of-stake (DPoS) is the way that the WAX blockchain comes to a decision. It works just fine with EOS.

The custom features and incentive systems that WAX made are meant to improve the blockchain's use in e-commerce, with the goal of getting more people to vote on proposals.

To make this possible, WAX made a set of blockchain-based tools that can be used to build decentralised application (DApp) marketplaces and tokens that can't be used anywhere else.

E-commerce is made possible by services like WAX Cloud Wallet, SSO, and OAUTH. OAUTH is a native RNG service and a developer portal. The blockchain architecture of WAX gives customers a 500-millisecond block time and free transactions. It also uses rewards for voting to encourage people to take part in choosing block producers and improvement proposals.

William Quigley and Jonathan Yantis came up with the idea for WAX.

William Quigley went to school at the University of Southern California and then worked at Disney. After he left Disney at the beginning of the 1990s, he went to Harvard and got an MBA. He then became a venture capitalist. Over time, he worked his way up at Idealab until he was in charge. He also made WAX and is the managing director of Magnetic.

Jonathan Yantis is the chief operating officer at both WAX and OPSkins.

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