WAX

Worldwide Asset eXchange (WAXP) is a special protocol token and blockchain to speed up and increase transaction security. This is an article from ​company cryptodefix. WAX uses Delegated Proof of Stake (DPoS) as a consensus mechanism, giving it compatibility with EOS. WAX is often used in decentralized applications, games, and NFT. Blockchain appeared in 2017.

WAX has a set of tools to create and maintain dApps, trading platforms, and non-fungible tokens (NFTs). The tools include services to support transactions and include the WAX cryptocurrency wallet, SSO and OAUTH, the RNG service and the developer portal. The developers of WAX have also created vIRL NFT technology, allowing you to own things from the real world without having to deal with delivery.

The WAXP token is designed to regulate the blockchain ecosystem. It allows users to staking it, participate in votes and be rewarded for bets. Using a bridge, the WAXP token can be converted to an Ethereum-based WAXE token. The DPoS consensus mechanism provides WAX with high security to resist corruption, the token owners can choose WAX guilds using the approval system.

WAX specifics

• Tools to create dAps and NFTs
• High transaction speed and security
• DPoS consensus mechanism
• Scalability
• Staking and DAO WAX
• vIRL NFT