WOW EARN launches EVM compatible Layer1 chain, interoperable with 10 major mainstream chains, and perfectly integrates high performance and low handling fees

2023-12-05 19:00

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This public chain will be compatible with EVM and achieve dynamic interoperability with 10 other popular public chains.

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Source: WOW EARN

WOW EARN, a cryptocurrency wallet, announced the launch of an innovative public chain called WOW EARN Chain, which is currently operating as the first layer of blockchain. This move may redefine the blockchain industry. The network is compatible with EVM and can achieve dynamic interoperability with 10 other popular public chains. This major technological breakthrough makes WOW EARN Chain a leader in blockchain innovation, providing users with unprecedented efficiency, global accessibility, and many unique features.

WOW EARN Chain is a decentralized public chain where Web3 developers can develop applications. All users can read, send, and conduct low-fee transactions on this network.

As an EVM-based network, this platform supports smart contracts on Ethereum and has the ability to process high-performance transactions. The EVM-based network is a blockchain that can execute smart contracts and process transactions, and its computing engine is compatible with the Ethereum Virtual Machine. With this compatibility support, EVM is conducive to the development of decentralized applications (dApps) and smart contracts, enabling applications to run seamlessly across different platforms, thereby improving the overall user experience.

In addition, the WOW EARN chain will also improve the efficiency of Ethereum by integrating Layer 1 expansion solutions, aiming to promote the development and improvement of the Ethereum ecosystem by providing additional support.

WOW EARN Chain also adopts a hybrid Proof-of-Stake (PoS) consensus mechanism called Hybrid Proof-of-Stake (HPoS), which combines Proof-of-Equity (PoE) and PoS. This mechanism significantly reduces transaction fees while providing transaction speed and competitiveness, and minimizes transaction confirmation time.

WOW EARN network can process more than 2000 transactions per second, with an average block time of 3 seconds, which will save users a lot of resources.

WOW EARN Chain Advantages

Speed

WOW EARN's transaction processing capability on the chain exceeds 2000 transactions per second, with an average block time of only 3 seconds. It is designed specifically to handle a large volume of transactions without affecting performance. This is crucial for both users and developers.

Innovative Consensus Mechanism

Hybrid Proof of Stake (HPoS) consensus mechanism is not just a way to verify transactions, it is a long-term sustainable strategy. By combining the advantages of low transaction costs, low latency, and high concurrency transactions, HPoS creates an environment where miners and users can prosper together. It supports up to 21 validation nodes, ensuring a decentralized and efficient validation process.

Sustainable Economic Model

As the native token supporting WOW EARN, WOW coin serves as both the gas fee for transactions and incentivizes miners through a staking reward system, ensuring low transaction fees for users and providing a convenient, fast, and low-cost public chain experience. This creates a self-sustaining economic cycle within the ecosystem.

In addition, WOW EARN has low transaction fees for chain trading, and 100 WOW coins can be used to achieve block packaging. WOW EARN chain also has the following characteristics, creating a good network environment for project developers and ecological participants:

1. Official nodes are deployed globally, providing developers around the world with good network speed guarantees;

2. Official node has a very high limit. Compared to other public chain nodes, the official limit is generally around 5 QPS (Queries Per Second), while the QPS of WOW EARN chain is 100;

3、Low-threshold pledge.

Interoperability with 10 Popular Public Chains

WOW EARN Chain revealed that the network will support 10 different public chains, including Base, OKX, Velas, zkSync, Gnosis, Algorand, Doge, Cronos, Klaytn, and Near. The integration of different networks into WOW EARN Chain has significant implications.

Base

The integration with the Base chain has laid a solid foundation for the DeFi application of WOW EARN chain. This not only enhances liquidity, but also provides a secure environment for financial transactions. Its potential is enormous, as it opens the door for WOW EARN chain to enter the booming DeFi market and provide users with a wider range of financial services.

OKX

OKX has brought a high-performance trading engine, which complements the high throughput of the WOW EARN chain. This integration has a huge impact on traders and investors, providing them with more choices and flexibility. The potential to conduct real-time, low-cost trading on a secure and reliable platform makes this integration a game-changer in the cryptocurrency trading industry.

Velas

Velas integrates a focus on scalability and user experience. Through Velas' AI-based DPOS consensus algorithm, the WOW EARN chain can process more transactions while maintaining low costs. This is crucial for achieving large-scale adoption, as it improves user experience by making transactions faster and more cost-effective.

zkSync

zkSync provides the necessary scalable solution for the long-term vision of WOW EARN chain. This integration allows for secure and low-cost transactions on the Ethereum mainnet, which is an important advancement in making blockchain technology more accessible and user-friendly to the public.

Cross-chain Functionality

Assets such as Bitcoin, ETH, and stablecoins can be bridged to the WOW EARN network. The process involves locking a certain amount of tokens on the originating chain and creating an equal amount of tokens on the WOW EARN chain. In addition, WOW EARN is optimistic and welcoming towards developers creating more decentralized cross-chain solutions.

In addition, WOW EARN supports meta-transactions, which allow users to gradually reduce the required gas fees. The WOW EARN network will bear the reduced fees. The meta-transaction function plays an important role in reducing the cost of developers migrating to decentralized applications (dApps) and effectively reducing the cost borne by dApp users.