• Chainwire AmazeWallet has seen a significant increase in miners using their mobile phones to validate transactions on its Layer 1 blockchain, AmazeChain.
• Nearly 100,000 test users have downloaded the app since November 2022 and 3,293% growth in the number of miners validating transactions has been observed.
• The company has signed partnerships with various exchanges and artists for its NFT marketplace and pre-launch momentum is strong for AmazeWallet.
Increased Mobile Mining
Chainwire AmazeWallet has seen a significant increase in the number of miners using their mobile phones to validate transactions on AmazeChain, the app’s proprietary Layer 1 blockchain. The number of users running light nodes to decentralize and secure the network has shot up to over 11,000 during the past week. Light node technology makes it possible for anyone to validate the blockchain from anywhere in the world. The 3,293% growth in the number of testnet miners validating transactions on AmazeChain is particularly impressive given that the full launch is yet to come (scheduled for mid-June).
Pre-Launch Momentum
Nearly 100,000 test users have downloaded the app since it launched on the testnet in November 2022. Alongside this positive news comes other signs of strong pre-launch momentum for AmazeWallet; partnerships with OnRamp (a major DEX aggregation platform), two centralized token exchanges, and top international artists who will produce work exclusively for its native NFT marketplace have all been signed by AmazeWallet recently. Additionally, presentations at both ETH Dubai and Global Blockchain Congress have shared insights into how super-fast verification calculations make mobile mining possible.
Stress Testing
Users have been testing out network capacity by staking testnet tokens; as a reward for active testing, top miners have received ‘Genesis NFT’s’ from AmazeWallet itself – all as part of a final stress test process that checks out advanced sharding technology capable of processing over 300,000 transactions per second. After six years worth of development and multiple technological breakthroughs (sharding/layering/ZK proofs) it looks like an ecosystem ready for use is nearly here!
Decentralization & Rewards
With true decentralization ensured through global dispersion at low costs with good performance – anyone can start securing this network simply by downloading amazewallet directly to their phone which acts as a full node connected directly to amazechain – all rewarded daily with AMT tokens!
Conclusion
Revolutionary tech makes it so that users worldwide can contribute to decentralized networks securely from anywhere while being rewarded – making great use out of 6+ years worth of developments!