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Examining Entropy mainnet: merging engagement with earnings

Press Releases
Examining Entropy mainnet: merging engagement with earnings

Entropy Network, a network created to streamline blockchain integration for businesses, is now live.

The goal is to simplify web2-based services’ access to blockchain services by offering dependable, service-specific private blockchains. Entropy operates as a platform where users can both experience and earn (X&E) while exploring robust blockchain services.

Introducing Entropy

Entropy’s journey begins with a vision to bring the decentralized world closer to the masses. The primary goal is facilitating easy access to blockchain services for traditional web-based businesses, unlocking opportunities. 

As users dive into this ecosystem, they can explore a range of services, including play-to-earn (P2E), move-to-earn (M2E), and learn-to-earn (L2E), with the potential to generate profits that were once beyond reach.

Moreover, Entropy is committed to continually expanding its ecosystem, forming connections between diverse services and digital assets.

Its compatibility with the Ethereum Virtual Machine (EVM) and support for Multichain through bridge chains ensure a seamless connection to the broader blockchain universe, potentially opening doors to new possibilities.

Entropy architecture

The network operates collectively, with multiple companies serving as validators under the supervision of the Entropy Foundation. Approval to join this foundation is granted through a rigorous deliberation process, ensuring that only the most dependable entities become part of the network.

With a total of 21 Node Validators, Entropy employs a permission-based proof-of-authority (POA) consensus algorithm. 

This choice leads to shorter block generation cycles, lightning-fast transaction speeds, and cost-effective network operation. Blocks are generated every 3 seconds, accommodating an average capacity of 62.4 transactions per second (TPS) within a single block.

Entropy is also committed to fairness. 

Block validation and rewards follow a round-robin approach, eschewing competition and favoring sequential payments to validators. 

Block rewards are a combination of 0.2 ENT per node plus 10% of the Block Transaction Fee. Validators have the potential to mine ENT for a maximum of 25 years, promoting long-term engagement. ENT is the native token of Entropy.

Furthermore, 90% of transaction fees are allocated to self-burning, a strategy designed to preserve the value of ENT.

Entropy services: powering the future

Within the Entropy ecosystem, a suite of services empowers users and businesses alike:

  1. Entropy bridge: this feature seamlessly connects external public chains using bridge chains, ensuring interoperability and expanding the network’s reach.
  2. Entropy scan: real-time verification of all transactions and executed smart contracts, offering transparency and trust in the blockchain’s operations.
  3. Entropy wallet: a secure haven for digital assets from all services integrated into the Entropy network, making asset management a breeze.
  4. Marketplace: Streamlining asset trading, this marketplace goes beyond traditional assets to encompass the exciting world of non-fungible tokens (NFTs) and more.

Future plans

The journey of Entropy is just beginning, and the roadmap ahead plans to release:

  • Scheduled release of Entropy SDK release: this SDK will make it effortless for web2 developers unfamiliar with blockchain to transition their services to web3.
  • Entropy launcher: the Entropy platform offers seamless gameplay experiences and endless interactive possibilities for gamers.
  • Game/Service onboarding: negotiations are underway to onboard various games, including the eagerly anticipated Frutti Dino Series game, slated for release in the latter half of 2023. This signals just the beginning of Entropy’s journey to reshape the future of blockchain-based gaming and services.

Conclusion

Entropy Mainnet is a visionary gateway to Experience and Earnings (X&E) in the digital age. With a robust architecture, a commitment to fairness, and a roadmap teeming with innovation, Entropy is poised to redefine how we engage with blockchain technology, making it accessible, profitable, and exciting for all. 

About Entropy Network

Entropy is a dedicated private blockchain that seamlessly handles transactions and contracts for various blockchain-based services, including dapps and NFT games.

As a fast, secure, and decentralized community blockchain network, Entropy (ENT) is committed to establishing genuine ownership and facilitating transactions of digital assets. Our ecosystem offers many features, including Experience and Earn, NFT games, a marketplace, a secure wallet, and more.

Connect with us via the official websiteDiscordMediumTwitter, and Telegram channels. 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.