WAX (WAX) Price Awakens amid Talks of Faked Transaction Volumes

© Reuters. WAX (WAX) Price Awakens amid Talks of Faked Transaction Volumes © Reuters. WAX (WAX) Price Awakens amid Talks of Faked Transaction Volumes

WAX (WAX) suddenly rose to the top of the Blocktivity chart, with roughly ten times as many transactions as (BTC). The token’s transaction volume claimed a record of 5,090,573 transactions in 24 hours, still far from the records of and other networks, but enough to draw attention to the project.

WAX, a startup aiming to link crypto assets and e-commerce, is indeed a token designed for continuous transactions. The high level of transactions is due to the decision of WAX to move away from the network and launch its beta version blockchain based on the technology of EOS. The EOS code, which shares similarities with BitShares and Steem, allows for transactions that reflect messages, but not necessarily transfers of value. The transactions on the W…

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