Waves Platform - Crypto Academy S5W7 - Homework Post for @imagen
(1.) Describe the Leased Proof-of-Stake (LPoS) consensus mechanism. What are the differences with Proof-of-Stake (PoS)?
We have already seen various discussions about PoS in Crypto Academy. The elaboration of PoS is Proof-of-Stake and the elaboration of LPoS is Leased Proof-of-Stake. Proof of Stake consensus mechanism helps the system of decentralization by liquidity provide. In the way liquidity provider earn rewards. On the other hand Leased Proof-of-Stake is the mechanism of waves platform.
Different between PoS and LPoS
(2.) Login and explore Waves.Exchange. Indicate your functionalities or options. What are the investment modalities that you offer to your users? Show Screenshots.
Lets see step by step.
(3.) Make from your account a purchase of WAVES for an equivalent amount of 10 USD from an available exchange (Binance is not allowed) .
Lets see step by step.
3.1) Describe the process. Show screenshots.
3.2) Show how the process to transfer the asset to the official Waves platform is carried out. (The demonstration is mandatory but the transfer is not)
(4.) What is the WX token? What are its functions within the Waves ecosystem? What is your value and Market Capitalization at the time of writing your post? Show Screenshot.
WX token is a native token of waves platform.
(5.) Describe Waves Ducks What is this project about? How is it accessed? Be as explicit as possible. Show Screenshots.
(6.) Conclusions
The sites I learned about today through this lesson are definitely contributing to decentralization. I have been able to acquire knowledge about waves platform and its native token wx. I have created an account on this website and so show step-by-step. I have try to discuss the ecosystem of WX as well as its marketcap. In the post I have discribed how to transfer fund in waves wallets.
Cc
@imagen