Review on WAX by Adedamola Adeniji
WAX Very Good Platform For Startup Developers
WAX short for World Wide Asset exchange is a purpose built blockchain and protocol token built for faster, easier and safer digital channel driven transactions for its users, especially NFTs.
WAX achieved the above via its unique delegated proof of stake (DPos) as Its proof of concensus device that has backed up on EOS. Also with its unique feature it enhances the use of blockchain for e-commerce while motivating users voting on guilds and proposals
WAX is progressively developing tools for easier interaction access to e-commerce services like interactive block explorer, wallet SSO, among others with all this culminating into a blockchain technology that is super fast, free of cost, for users, and cost effective for developers with leveraged voting reward with incentive for participation.
I will recommend WAX for startups developers, simply because they will get all that all they need on WAX at very cheap cost.
In terms of security WAX is built on open source MIT license, WAX Offers you no warranty and it is as secure to the degree the user has adapted it.
Pros
- Easy installation process.
- Users get to earn staking rewards.
- Free for customers and very cheap for developers.
- WAX has successfully adapted monitizing of NFTs via DeFi Technologies.
Cons
- It doesn't take any responsibility for the third-party libraries on it.
- Poor social media presence, making difficult the reception of feedback.
