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Based on Blockchain technology, WAX is committed to innovating in the video game world to provide a reliable commodity exchange market through smart contracts for more than million game users worldwide, as well as people who love to collect, buy, and sell game items Who are the founders of WAX? After leaving Disney in the early s, he earned a Master of Business Administration degree from Harvard and became a venture capitalist.
He eventually became Managing Director of Idealab. What makes WAX unique? One of the unique features of the project is the ability to manage your own virtual market: WAX allows millions of users to create their own virtual stores without having to invest any capital in infrastructure or create payment channels. How is the WAX network protected?
The WAX project, built on the Ethereum blockchain platform and using the DPoS consensus algorithm, was created with the goal of providing a reliable market for virtual goods for people playing online games around the world, and even for those who like to collect and exchange items in online games. WAX has created a complete set of blockchain-based security tools that allow anyone to instantly and securely trade digital or physical items.
You can find others listed on our crypto exchanges page. WAX WAXP is a purpose-built blockchain, released in , that is designed to make e-commerce transactions faster, simpler and safer for every party involved. It is fully compatible with EOS. To make this possible, WAX created a suite of blockchain-based tools which decentralized application DApp marketplaces and non-fungible tokens can be built upon.
It also makes use of voting rewards to incentivize participation in the selection of block producers and improvement proposals. Over time, he became the managing director at Idealab.
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