Ever imagined how online transactions involving virtual assets gets done? Or ever wondered how safe are the assets being used? Well here is a simple explanation based on a decentralized by Worldwide Asset eXchange platform that is headed by Malcolm CasSelle. This platform allows gamers from every corner of the globe to operate on their own on the virtual marketplace without zero security investment or incurring any fee for processing their purchase.
WAX which is the acronym of Worldwide Asset eXchange can facilitate such a transaction WAX Tokens which in essence allow the transfer of virtual goods. WAX tokens are utility tokens which get possessed as virtual currency or assets which now can be used to facilitate each transaction made, and what Malcolm CasSelle knows.
The platform used by WAX is a decentralized system that is an upgrade version of what was originally get used by OPSkins which was a centralized platform. The upgrade was done by the original people that created OPSkins. In its update, they used the same foundation blockchain and added new smart contracts that change the platform from a centralized one into a decentralized system, and http://casselle.com/.
OPSkins gets recognized the world over as the leading platform that facilitates in-game asset transfers virtually. Furthermore, it is reputed as biggest bitcoin merchant across all continents as it expedites cross-border transaction of all micro-payments.
The launching of the new and improved blockchains that facilitates the decentralized system by WAX came as a necessary platform that dispelled all challenges that were being experienced by OPSkins. The predicaments that plagued OPSkins involved fraud through hacking which played a significant role in discrediting the safeness of virtual currency while the other big challenge was fragmentation. Thus WAX made it the safest mode of transacting online as transactions are done individually without the need of storing the assets at one place which susceptible to hacking.
At the mid of all these significant innovations is Malcolm CasSelle who is the president of WAX and OPSkins CIO. Malcolm prides himself as an investor and entrepreneur.
As a career man, he has worked in many companies and held various leadership posts that propelled him to where he is at the helm of both OPSkins and WAX. CasSelle has attended MIT and has a master’s degree in Computer Science, and more information click here.