Malcolm CasSelle’s WAX Platform Brings Order to Virtual Asset Ecosystem
The current ecosystem present in the cryptocurrency industry is a helter-skelter mixture of regional and local marketplaces. Each marketplace constrained by the exhaustive restrictions of language use, security concerns, and payment processing. This fragmentation has the market divided between different providers or different provisions. Enter blockchains, the revolutionary application being pioneered by new P2P market WAX. The Blockchain has the potential to create an efficient market, without friction, free of fraud, and allows instantaneous selling of digital assets between players.
WAX, or Worldwide Asset exchange, is a new platform being launched by OPSkins. The WAX Platform allows for the tokenizaition of assets and currency, allowing trade and sale to occur without gamers having to even click off screen. The innovation is being presented by Malcolm CasSelle, the CEO and president of WAX. CasSelle is a digital genius, a masterful investor, entrepreneur, and top-level executive. He is also the CIO of OPSkins.
CasSelle started his career in ’95 by co founding NetNoir, one of the first media production websites. He has served in major management positions for companies like Xfire, MediaPass, and Tronc Inc. He holds a bachelor’s degree in computer science from MIT, and a master’s degree from Stanford University in the same subject. He was an early investor in bitcoin and has been fascinated with cryptocurrency ever since. He sees WAX as the next inevitable step for cryptocurrency.
WAX’s blockchains are backed up by DPOS (Delegated Proof of Stake) algorithms. They are decentralized, fast, efficient, and flexible allowing electoral nodes to be assigned by users. The delegates receiving votes gain a rank, this rank serves as a designation of legitimacy. In this way WAX is able to operate in a decentralized markets without danger of fragmentation or fraud. It also creates a competitive and honest market.
The nodes, also referred to as guilds, work to better their rank through clean sales. As gamers are liable to deal with higher ranking guilds, this keeps everyone honest out of necessity. WAX allows gamers to trade and sell digital assets across a wide platform of games, their only requirement that they be a part of the same network.