WOW EARN unveils layer-1 blockchain, redefining efficiency and global accessibility
Dubai, United Arab Emirates, Dec. 5, 2023, Chainwire
WOW EARN has launched the WOW EARN Chain as a layer-1, aiming to redefine the blockchain landscape.
This advancement positions the WOW EARN Chain as a player in blockchain innovation, offering enhanced efficiency, global accessibility, and a suite of features.
Beyond being a public chain, WOW EARN Chain has a mission to assist developers at all stages of development. It focuses on identifying and supporting developers and projects.
It aims to enhance the efficiency of Ethereum, providing supplementary expansion and support for the Ethereum ecosystem.
Through leveraging WOW EARN’s web3 ecosystem, the chain aspires to be a hub for technologies and businesses. It plans to establish a complete cycle of technology development, application promotion, and efficient transactions.
Key highlights of WOW EARN Chain
- Shift to layer-1: By building as a mainnet, WOW EARN Chain has enhanced its core infrastructure, offering a foundation for blockchain applications. This shift signifies a commitment to providing a platform capable of supporting the community’s growing demands.
- Low transaction fees with WOW coin: Emphasizing economic accessibility, the WOW EARN Chain features low transaction fees, with transactions processed for as little as 100 WOW. This approach makes blockchain participation more affordable, encouraging adoption among users and developers.
- Global node deployment for enhanced connectivity: Recognizing the importance of a global presence, WOW EARN Chain has deployed official nodes across key regions, including Asia-Pacific, Australia, Europe, and the Americas. This network ensures developers enjoy high-speed and reliable network connectivity, facilitating seamless blockchain experiences.
- High limit for high-volume processing: With a current limit of 100 tps, significantly surpassing the typical five tps offered by other public chains, WOW EARN Chain aims to set a new standard in transaction processing. This capability is pivotal for applications requiring high transaction throughput, offering an efficient and reliable platform for various blockchain use cases.
- Hybrid proof-of-stake (HPoS) consensus mechanism: The WOW EARN Chain employs the HPoS consensus mechanism, blending proof-of-equity (PoE) and proof-of-stake (PoS). This model balances security, speed, and cost-effectiveness, reducing transaction costs while maintaining competitive transaction speeds.
- Ethereum Virtual Machine (EVM) compatibility: Continuing its alignment with Ethereum, WOW EARN Chain supports EVM compatibility, enabling developers to create and deploy decentralized applications (dapps). This compatibility facilitates integration with the broader Ethereum ecosystem.
- Cross-chain functionality: The WOW EARN Chain has integrated with ten diverse blockchain chains, such as Base, OkEX, Velas, and ZkSync, to enhance various aspects of the chain, from liquidity and security to scalability and transaction efficiency.
- Empowering developers with resources and support: WOW EARN Chain is committed to providing extensive support and resources. Their support includes special funds for high-potential projects, hosting developer-centric activities, and fostering a collaborative environment for innovation and growth.
Advancing the blockchain industry with WOW EARN Chain
“The WOW EARN Chain is not merely a technological leap; it’s a comprehensive blockchain solution designed to empower developers, streamline transactions, and expand the global reach of blockchain technology,” says Yara, VP of marketing at WOW EARN. “Our transition to layer-1, coupled with our commitment to providing a high-speed, economically accessible, and developer-friendly platform, marks a new chapter in blockchain evolution.”
The opportunity to become a validator is open to any participant in the network. Should an individual’s stake rank within the Top 21, they ascend to the role of an active validator for the forthcoming period.
The operational dynamics of active validators are governed by a set of pre-established rules, under which they sequentially partake in the block packaging process.
When a validator does not fulfill their block packaging duty within their designated time slot, other validators who have been less active in the recent cycle (specifically those not participating in the last half of the blocks) are randomly selected to execute this task.
It is imperative that a minimum of half the number of validators, plus one, are functioning to ensure the smooth and uninterrupted operation of the blockchain.
About WOW EARN
As an innovator in blockchain, WOW EARN is dedicated to connecting users with decentralized mining, earning, and trading opportunities.
Following its launch as a layer-1 and a $30 million Series A funding round, WOW EARN can drive advancements in the decentralized finance (defi) ecosystem.
For further information, visit WOW EARN’s: OfEARN’s Website | Twitter | Telegram | Discord | Medium
Contact
Yara G
WOW EARN
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