For years, OPSkins has been the primary marketplace for virtual assets. It has been in charge of more than 100 million transactions that involve millions of clients every year. By building OPSkins, the founders also respect the fact that there is an opportunity to create an international decentralized marketplace for clients through WAX, a technology-based blockcahin that has become one of the most successful blockchains in 2017.
In an interview to discuss the future of blockchain technology, Malcolm CasSelle gives an explanation about Worldwide Asset eXchange. He also addresses its advantages including how handy it becomes in creating a safe marketplace for online gamers. Aside from that, WAX is good at dealing with fraudulent cases. The interview dives into how possible it is for WAX to eliminate every aspect of fraud while enabling gamers to tokenize their assets instantly. It also allows clients to sell and buy games without having to click off their screens. As such, users will be in a position to purchase their items without frictions.
WAX will help solve any geographical fragmentation issues there are. This is especially when the users make transactions on a platform without a conventional utility token and they are not in a position to transact with other users who have goods that have not dominated different cryprocurrencies. Gamers will also find WAX to be useful when they need to eliminate FOREX issues coupled with problems that are currently plaguing different virtual asset markets.
WAX is powered by a blockachin technology called Delegated Proof of Stake (DPOS). This is a flexible and fast algorithm. It is also efficient aside from being the most decentralized consensus model in the market. Unlike the common Proof of Work model system used in centralized marketplaces, this system is often used by users who have voted for proposed delegates. This makes WAX’s creator democratic in the sense that he chose to go the decentralized way.
Who is Malcolm CasSelle?
Malcolm CasSelle is an American entrepreneur and technologist. He is well versed with the different blockchain platforms and their uses. He is the co-founder of OPSkins and now WAX.