23.9 C
New York
July 13, 2024
Blockchain Technology

One World Chain Announces Significant Advancements in Blockchain Technology

ORLANDO, FL / ACCESSWIRE / June 20, 2024 / One World Chain (OWCT) is proud to announce a number of pivotal developments inside its blockchain know-how, reinforcing its dedication to revolutionizing the digital forex panorama. As the worldwide fintech and blockchain sectors proceed to develop, One World Chain is on the forefront with its progressive and user-centric options.

Key Developments

1. Ecosystem Progress: The One World Chain Mainnet and Testnet are actually absolutely operational, internet hosting a number of decentralized purposes (dApps) that leverage the distinctive capabilities of the OWCT blockchain. The ecosystem’s design emphasizes high-speed, safe transactions and interoperability, catering to each builders and end-users alike.

2. Non-Inflationary Tokenomics: The OWCT utility token, integral to the One World Chain ecosystem, is non-inflationary with a capped provide of 21 million tokens. This mannequin ensures that validators are compensated by way of transaction charges moderately than the creation of recent tokens, sustaining the token’s worth and shortage.

3. Validator Alternatives: One World Chain provides unique alternatives for customers to turn into validators. With solely 21 validator spots out there and a minimal requirement of 5,000 OWCT tokens, these positions are anticipated to fill quickly. Validators can earn passive earnings by way of staking, whereas non-validators may also take part in staking with no minimal necessities.

4. Broad Accessibility: The OWCT token just isn’t solely native to the One World Chain but in addition accessible through bridges on Ethereum, BASE, and Binance Good Chains. This cross-chain compatibility extends the attain of the OWCT token, making it accessible to a broader viewers of blockchain fans and traders worldwide.

5. Distinctive Efficiency: In managed testing, the One World Chain demonstrated spectacular speeds of 5,000 transactions per second (TPS) with scalability as much as 100,000 TPS. The blockchain’s speedy block technology time of roughly three seconds units it aside from conventional networks, resembling Bitcoin, which has a block time of ten minutes.

Governance and Safety

One World Chain’s community governance is decentralized, counting on a Proof-of-Stake consensus mannequin. Validators, who should stake a minimal of 5,000 OWCT and as much as a most of 1,000,000 OWCT, are essential to community safety and transaction validation. This mannequin permits for pooling funds from non-validators (delegators), who share within the payment rewards and might un-stake their tokens at any time, guaranteeing a versatile and dynamic ecosystem.

About One World Chain

One World Chain (OWCT) is a Decentralized EVM Appropriate Layer One Blockchain using a Delegated Proof-of-Stake (DPoS) consensus. It goals to boost consumer expertise with quicker transaction speeds and minimal gasoline charges. The platform helps a big selection of purposes and use instances inside the cryptocurrency and decentralized finance (DeFi) areas.

Keep Related:

Twitter: One World Chain
Telegram: One World Chain
Instagram: One World Chain

Media Contact:

Identify: Erica Wad
Location: Orlando, FL, USA
Electronic mail: [email protected]
Web site: https://oneworldchain.org

SOURCE: One World Chain

Related posts

BlockDAG Keynote 2 & X1 Miner Beta Version Transforms Crypto Technology Amid Cardano (ADA) News & BONK Price Prediction – Times Tabloid

Mourad

SFT Protocol Unveils Innovative Blockchain Solutions for

Mourad

Zero Knowledge Proof Blockchain Technology: Hyderabad-based Firm Introduces Zero Knowledge Proof Blockchain Technology | Hyderabad News

Mourad

Leave a Comment