What is WAX ? | All about WAX in Short | Crypto Currency WAX
What is WAX ? | All about WAX in Short | Crypto Currency WAX
What is WAX?
WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS. The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals.
When was WAX invented?
WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved.
Importance of WAX ?
WAX features a WAXP-to-Ethereum (ETH) bridge that allows WAXP token holders to convert their tokens into WAXE, which is an Ethereum-based ERC20 utility token. Users willing to participate in WAX tokenomics need to burn their WAXP tokens in order to get WAXE through the Ethereum bridge. They will then need to stake the WAXE tokens on the Ethereum distribution contract.
Future of WAX?
Based on Walletinvestor.com’s forecasts, a long-term increase is expected, the price prognosis for 2026-07-25 is 0.788 US Dollars. With a 5-year investment, the revenue is expected to be around +415.03%. Your current $100 investment may be up to $515.03 in 2026.
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