WAX
WAXP
Crypto
Decentralised Networks
USD 0.0065+2.02%
WAX
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2017
Year of creation
Description
WAX (WAXP) is a Decentralised Networks crypto coin. WAX`s origin block was generated on 2017-04-17. More information can be found at https://wax.io/.
Key Technical Advantages:
Consensus Model: The WAX Protocol uses a Delegated Proof of Stake (DPoS) consensus algorithm, relying on a group of WAX Guilds (block producers) to manage block production. WAX Token Model: The WAX Token model is designed to drive activities like staking, rewards, and voting to grow the WAX ecosystem. Token holders can stake their WAX Tokens, vote for up to 30 WAX Guilds, and earn WAX Staking Rewards. WAX Guilds and Standby Guilds: The WAX Blockchain has 21 WAX Guilds who earn rewards for producing blocks. Standby Guilds operate as "backup operators" that earn a share of WAX Guild Rewards for participating and demonstrating their ability to process a block when randomly requested. Byzantine Fault Tolerance (BFT): WAX achieves BFT by strongly discouraging WAX Guilds from signing two blocks at the same block height or timestamp. Fifteen guilds signing a block make a block permanent and immutable. Core Performance Metrics: WAX produces a block precisely every 0.5 seconds. Similar blockchains have achieved 3,000 transactions per second, which exceed the average transactions per second that Visa processed by nearly 2x. WAX is capable of the same speed and is one of the fastest, potentially highest-throughput blockchains on the market. Content summarized by AI chatbotSource:
https://github.com/worldwide-asset-exchange/whitepaperKey figures
-64.7%1Y
-91.4%3Y
-97.8%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
30.08.2022
USD 2.77
All Time High
0.23%
% of All Time High
-99.78%All Time
-79.63%1 year
Max drawdown
#535
Ranking by Market Cap
29.46 M
Market cap (USD)
0.00%
% of Market
658.886 B
Category Market Cap (USD)
0.00%
% of Category
4580723621
Circulating Supply
4574953042
Liquid Supply
99.87%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
1174722
Volume Traded
3.80%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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