Scalability – Intermediate Crypto Knowledge Guide
Blockchain scalability could be an indicator for a project’s future growth. So, how much do you know about its importance and challenges?
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WEMIX3.0 Mainnet is an experience-based, platform-driven, and service-oriented mega-ecosystem. The Mainnet is a high-performance EVM-compatible open-source protocol powered by the SPoA(Stake-based Proof of Authority) consensus mechanism. The mainnet offers the highest security possible, based on decentralized on-chain governance via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high TPS. Consensus will evolve towards complete decentralization through a multi-phase democratized governance. WEMIX is the native coin of the WEMIX mega-ecosystem, used as a medium of exchange and payment method for gas fees. One WEMIX coin is minted per each subsequent block created, and PMR (Permanent Minting Reward) is distributed respectively to NCP (40%), stakers (10%), eco fund (25%), and maintenance (25%).
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Blockchain scalability could be an indicator for a project’s future growth. So, how much do you know about its importance and challenges?
Smart contracts are the core of blockchain. Meanwhile, decentralized applications empower users on blockchain. Learn it all at MEXC blog now!
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