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Moreover, a hybrid Layer 1 proof of stake protocol built from the ground up, OMAX COIN has chosen to be compatible with the existing EVM protocols to take benefit of the relatively developed apps and community building a secure and reliable network. OMAX will provide native cross-chain communication functionality between blockchains.
The slow lagging of POW protocols smart contracts or instability caused in recent crypto networks due to excessive duplicate transactions and its network congestion which hindered the effectiveness of the protocol, and they don't seem to be going away anytime soon. Therefore, OMAX COIN proposes a solution to overcome the ongoing issues of POW by giving the reliable network named OMAX CHAIN (OMX20), which is also EVM compatible.
The team of Omax Coin has been forming and testing the following three main features since they began developing the Omax blockchain in late 2021.
Speed: With the highest rate of transactions per second (TPS) of any blockchain, currently OMAX COIN is topping off at 125k TPS. in the testnet phase of the blockchain development.
Security: The company thrives on the cutting-edge of secured technology solutions.
Scalability: Proof of stake protocols, as shown by OMAX COIN transaction outputs and lower fees, generates greater scalability.
In the future, a Consensus covenant via upgradable...
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