About WAX

WAX is a specialized blockchain and protocol token designed to enhance the efficiency and security of e-commerce transactions. Utilizing a Delegated Proof of Stake (DPoS) consensus mechanism, WAX ensures rapid transaction processing while maintaining compatibility with the EOS blockchain. The platform incorporates unique features and incentive structures aimed at improving usability for e-commerce participants, fostering community engagement through voting on guilds and proposals. In addition to its core blockchain functionality, WAX offers a comprehensive suite of tools that facilitate the development of decentralized applications (dApps), marketplaces, and native non-fungible tokens (NFTs). Key services include the WAX Cloud Wallet, single sign-on (SSO) and OAuth capabilities, a native random number generator (RNG), and a dedicated developer portal. This architecture is designed to deliver efficient performance, with block times of approximately 500 milliseconds and no transaction fees for users, while also promoting active participation in governance through voting rewards for block producers and proposals.