WOW EARN is pleased to reveal that it is now operating as a Layer 1 blockchain following the official launch of its WOW EARN Chain.
According to an official announcement today, the development propels WOW EARN to the forefront of blockchain innovation, allowing its users to enjoy unparalleled efficiency, global accessibility, and distinctive features.
Going beyond the conventional role of a public chain, WOW EARN Chain is on a mission to discover and support innovative developers and projects at all stages of development. Moreover, it aims to enhance the efficiency of Ethereum, providing supplementary expansion and support for the broader Ethereum ecosystem.
Yara, VP of Marketing at WOW EARN, lay further emphasis on the development, saying,
“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.”
Notably, the blockchain’s strategic shift to Layer 1 signifies low transaction fees with WOW Coin and global node deployment. Moreso, WOW EARN Chain ensures a robust foundation for blockchain applications, economic accessibility, and reliable network connectivity for developers worldwide.
With an exceptional current limit of 100 qps, the chain sets a new standard in transaction processing, crucial for high-volume applications. It employs the Hybrid Proof of Stake (HPoS) consensus mechanism, balancing security, speed, and cost-effectiveness.
EVM compatibility aligns WOW EARN Chain seamlessly with Ethereum, fostering integration with the broader ecosystem. Cross-chain functionality expands its reach, integrating with 10 diverse blockchain chains enhancing liquidity, security, scalability, and transaction efficiency.
Nonetheless, with its commitment to empowering developers, WOW EARN Chain provides extensive resources, special funds for high-potential projects, and a collaborative environment for innovation and growth.
The announcement further disclosed that participation as a validator is open to any network participant, ascending to the role by ranking within the Top 21. Active validators follow pre-established rules, ensuring smooth blockchain operation. In case of non-fulfilment, other validators are randomly selected, maintaining the minimum required active validators for uninterrupted operation.
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