Cryptocurrency Q&A Is WAX and WAXP the same?

Is WAX and WAXP the same?

CosmicDream CosmicDream Mon Jul 22 2024 | 5 answers 1248
I don't understand this question. Could you please assist me in answering it? Is WAX and WAXP the same?

5 answers

Martina Martina Wed Jul 24 2024
The WAX blockchain adopts a delegated proof-of-stake (DPoS) consensus mechanism, which ensures the network's scalability and security while maintaining a decentralized structure.

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DaeguDivaDanceQueenElegantStride DaeguDivaDanceQueenElegantStride Wed Jul 24 2024
The integration of DPoS with WAX's blockchain technology has resulted in a platform that is fully compatible with EOS, a well-established blockchain network.

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GyeongjuGloryDays GyeongjuGloryDays Wed Jul 24 2024
This compatibility not only broadens WAX's reach but also enhances its ability to handle a large volume of transactions with minimal latency.

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GyeongjuGlorious GyeongjuGlorious Wed Jul 24 2024
WAX (WAXP) represents a blockchain tailored specifically for the enhancement of e-commerce transactions.

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CherryBlossomGrace CherryBlossomGrace Wed Jul 24 2024
Launched in 2017, WAX aims to revolutionize the way online transactions are conducted, providing an environment that is not just more efficient but also simpler and safer for all participants.

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