How to Manage Network Resources on WAX Blockchain

If you use WAX all day like me, you know you have to manage your network resources. Every account has CPU, NET, and RAM. These 3 resources fuel the WAX blockchain and are necessary to interact with dApps. As a new user that just set up a WAX cloud wallet to play a game or anyone that is new to using WAX, you may not even realize you need to track your resources.

Bloks.io

Personally, I like using Bloks to manage my WAX wallet because it's easy to use. It has all kinds of tools you can use to do different things such as creating new wallets. If your gunna be buying NFTs, rippin pack, trading, gaming, or yield farming, then you'll notice really quickly you need resources after about 10 transactions. The main resources you'll need to pay attention to are CPU and RAM. As you can see, I'm running low because I do so many transactions. Here's a general idea of what each resource is for.

CPU can be obtained by staking WAX and RAM is bought/sold. Yes you buy and sell virtual RAM. Oh the good old days of the RAM market REX... CPU regenerates slowly but RAM does not. RAM is a limited network resource. NET also regenerates but you use it much less. I've never been in a situation where I'm too low on NET for a transaction. CPU on the otherhand....

Any avid WAX user has probably seen this. It means your account doesnt have the CPU required to perform the action. You have 2 options - either stake some WAX or chill out and try again in a couple hours. So... How do you stake for resources? It's easy. Check it.

Under the wallet tab on Bloks after you log in with WAX cloud wallet (or whatever wallet). Click on Stake CPU/NET. Then enter the amount to stake and confirm. Unstaking works the same way. When you're low on RAM, go to the Buy/Sell RAM tab.

Here you can buy or sell RAM based on when you need it. I had excess so I sold RAM and staked the WAX to CPU.

Easy enough?

peace

Posted Using LeoFinance ^Beta