Does Anybody Here Know What’s Up With WAX?

in wax •  6 years ago 

I read a post by @taskmaster4450 a few days ago that referred to Steem as “a top 5 blockchain” and my first thought was that’s an odd way to refer to it.

A few months ago I would have been checking Block'tivity every couple of days to see which @dan blockchain was in the lead. Some days it was Steem, some days EOS, some days BitShares. After checking several dozen times over the course of 6-8 weeks I finally got bored of it.

But “top 5” seemed a little odd, so I went back and looked at Block'tivity again. It was an eye-opener:

A8681B94-7F6E-4D12-8A92-96DC7E56A970.jpeg

Whiskey Tango Foxtrot?

Steem’s in 5th place? Behind TRON??

And what the heck is that first place blockchain? WAX? Never heard of it. Coinmarketcap.com lists it as 62nd in market capitalization, down there with a bunch of wannabe coins. How can it possibly be the busiest blockchain? The WAX website for the Worldwide Asset eXchange™ says that “WAX is designed to serve the 400+ million online players who already collect, buy and sell in-game digital items”.

Their blockchain is a “variant” (fork?) of EOS and most transactions are VGO skins.

They’ve got Bryan, whose title is Director of Awesome:

But looking through their site, it seemed to me that it had a vaporware feel to it. Okay, so I’m not a computer gamer. I was a table-top and hex map gamer back in the day when I still had brown hair rather than grey. So I’m maybe out of my league.

Does anyone here use WAX? Is it anywhere near as popular as the Block'tivity stats seem to indicate?

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Two days encouraged i was having challenges on ethereum blockchain and decided to check block'tivity to see if there was a congested network and shockingly for me i saw WAX as number one. Like where the hell did that come from, and what's WAX in the first place.
I checked them up on coinmarketcap and visited their site to understand what i was seeing.

Funny! I just checked Blocktivity the other day and saw WAX on top, was wondering what was up with that. I’ll be checking back on this posts comments to find any info

Ridiculous

Posted using Partiko Android

When I see stuff like that, I often wonder if it’s stress testing or what percentage may be “spam” transactions. Even EOS early on when it was showing strong transaction volumes was 90% a spambot on their rudimentary twitter style app if I recall.

I attended their panel at San Diego Comic Con this past summer and wrote of it.

https://steemit.com/comiccon/@jnetsworld/i-attended-a-blockchain-panel-at-comic-c-2018-07-22-20-02-07

I am not a gamer but found listening to the WAX team fascinating. They have vision beyond their gaming stuff and hope to see them again at comic con.

I have not used WAX but from my gaming days, these platforms of trading digital skins of games have existed for a while but WAX is now putting them on the blockchain which makes it faster and creates value for the tokens. The volumes seem high but given the amount of skins traded daily on centralized platforms, they seem consistent with whay could be expected.

Look at Waves. They were on top a few weeks back with 6M transactions and look where they are now.

A lot of this activity is not real or is just temporary. We are not seeing too many communities on these chains. The amount of DApps with daily users shows this.

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