ORLANDO, FL / ACCESSWIRE / June 20, 2024 / One World Chain (OWCT) is proud to announce several pivotal developments within its blockchain technology, reinforcing its commitment to revolutionizing the digital currency landscape. As the global fintech and blockchain sectors continue to expand, One World Chain is at the forefront with its innovative and user-centric solutions.
Key Developments
1. Ecosystem Growth: The One World Chain Mainnet and Testnet are now fully operational, hosting multiple decentralized applications (dApps) that leverage the unique capabilities of the OWCT blockchain. The ecosystem's design emphasizes high-speed, secure transactions and interoperability, catering to both developers 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 supply of 21 million tokens. This model ensures that validators are compensated through transaction fees rather than the creation of new tokens, maintaining the token's value and scarcity.
3. Validator Opportunities: One World Chain offers exclusive opportunities for users to become validators. With only 21 validator spots available and a minimum requirement of 5,000 OWCT tokens, these positions are expected to fill rapidly. Validators can earn passive income through staking, while non-validators can also participate in staking with no minimum requirements.
4. Broad Accessibility: The OWCT token is not only native to the One World Chain but also accessible via bridges on Ethereum, BASE, and Binance Smart Chains. This cross-chain compatibility extends the reach of the OWCT token, making it accessible to a broader audience of blockchain enthusiasts and investors worldwide.
5. Exceptional Performance: In controlled testing, the One World Chain demonstrated impressive speeds of 5,000 transactions per second (TPS) with scalability up to 100,000 TPS. The blockchain's rapid block generation time of approximately three seconds sets it apart from traditional networks, such as Bitcoin, which has a block time of ten minutes.
Governance and Security
One World Chain's network governance is decentralized, relying on a Proof-of-Stake consensus model. Validators, who must stake a minimum of 5,000 OWCT and up to a maximum of 1,000,000 OWCT, are crucial to network security and transaction validation. This model allows for pooling funds from non-validators (delegators), who share in the fee rewards and can un-stake their tokens at any time, ensuring a flexible and dynamic ecosystem.
About One World Chain
One World Chain (OWCT) is a Decentralized EVM Compatible Layer One Blockchain utilizing a Delegated Proof-of-Stake (DPoS) consensus. It aims to enhance user experience with faster transaction speeds and minimal gas fees. The platform supports a wide array of applications and use cases within the cryptocurrency and decentralized finance (DeFi) spaces.
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Media Contact:
Name: Erica Wad
Location: Orlando, FL, USA
Email: contact@oneworldchain.org
Website: https://oneworldchain.org
SOURCE: One World Chain
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