# What is Wax Wallet?

> "WAX (Worldwide Asset eXchange) is an environmentally-friendly blockchain purpose-built for e-Commerce through dApps (decentralised applications), NFTs, gaming, virtual worlds, and unique collectibles. On the WAX blockchain, creators and brands can easily build, launch, and distribute NFTs to a global user base.
>
> WAX uses a Delegated Proof-of-Stake (DPoS) consensus mechanism in which token holders vote on delegates that act as validators for new blocks.
>
> Token holders may delegate their tokens to someone else, giving them the power to validate transactions on the network. DPoS is a modified version of the traditional Proof-of-Stake model, making it more democratic by allowing anyone to delegate their coins. Furthermore, voting power is weighted on a proportional scale relative to the number of tokens staked.
>
> With DPoS, a delegate validates a block that is then confirmed by other delegates in the network. The transaction is approved and consensus is reached within seconds, allowing all participants to earn their staking rewards."

<https://www.moonpay.com/blog/wax-blockchain>


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