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crypto:waxp_guide [2025/12/27 06:45] – created deathrequiemcrypto:waxp_guide [2025/12/27 06:58] (current) deathrequiem
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     * **Rewards**: Users who stake their tokens and participate in voting earn more WAXP as a reward.     * **Rewards**: Users who stake their tokens and participate in voting earn more WAXP as a reward.
  
-  * **##Resource Management (CPU/NET/RAM)##**+  * **##Resource Management & EOSIO (CPU/NET/RAM)##** 
 + 
 +The EOSIO system is an open-source blockchain software architecture designed to function like an operating system for decentralized applications (dApps). 
 + 
 +Launched in 2018 by the company Block.one, it was built to solve the scalability and high-fee issues found in early blockchains like Ethereum. 
 + 
 +Unlike traditional blockchains, EOSIO emulates the performance and resources of a computer. It manages three main resources that developers and users "rent" by staking tokens: 
 + 
 +  * **CPU (Computation)**: The processing power required to run a smart contract. 
 +  * **NET (Network Bandwidth)**: The capacity to transmit data across the network. 
 +  * **RAM (Memory)**: Permanent storage used to keep data (like account balances or game states) on the blockchain.
  
 On the WAX blockchain, transactions are "free" (no gas fees), but they require system resources. If your transaction fails with an "Account lacks sufficient resources" error: On the WAX blockchain, transactions are "free" (no gas fees), but they require system resources. If your transaction fails with an "Account lacks sufficient resources" error:
     * **Stake WAX**: Stake a small amount of WAXP into CPU or NET. This acts as a deposit that gives you the "power" to execute transactions. You can unstake this later if you no longer need it.     * **Stake WAX**: Stake a small amount of WAXP into CPU or NET. This acts as a deposit that gives you the "power" to execute transactions. You can unstake this later if you no longer need it.
 +
 +  * **##The Shift to "Antelope"##**
 +
 +In 2022, after a dispute between the community and the original developer (Block.one), the community led a "hard fork" to take control of the codebase.
 +
 +  * **The Rebrand**: The software formerly known as EOSIO was rebranded to **Antelope**.
 +  * **The Ecosystem**: Blockchains like **EOS**, **WAX** (for NFTs/Gaming), and **Telos** now run on the Antelope protocol rather than the original EOSIO software.
  
   * **##Staking WAXP##**   * **##Staking WAXP##**
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     * **Important Details to Remember**     * **Important Details to Remember**
-  * **Unstaking Period**: If you stake natively, there is a 72-hour waiting period after you click "Unstake" before your tokens are liquid again. +      * **Unstaking Period**: If you stake natively, there is a 72-hour waiting period after you click "Unstake" before your tokens are liquid again. 
-  * **Resource Usage**: Staking isn't "spending." You still own the tokens; they are just "working" to power your account's transactions while they are locked. +      * **Resource Usage**: Staking isn't "spending." You still own the tokens; they are just "working" to power your account's transactions while they are locked. 
-  * **Auto-Compounding**: Most native staking rewards are **not** automatically restaked. You usually need to claim and then stake the new tokens to compound your earnings.+      * **Auto-Compounding**: Most native staking rewards are **not** automatically restaked. You usually need to claim and then stake the new tokens to compound your earnings.
crypto/waxp_guide.1766817902.txt.gz · Last modified: by deathrequiem