Welcome to the exciting world of decentralized finance and blockchain innovation! As pioneers in the ever-evolving digital landscape, we are committed to reshaping the way financial services and technology operate. With an unwavering focus on innovation, security, and accessibility, we are propelling ourselves forward by introducing a range of groundbreaking solutions designed to meet the dynamic demands of the digital economy. Join us as we redefine the future of finance and technology!

In a world defined by swift technological progress and ever-changing financial landscapes, we proudly position ourselves as trailblazers, propelling transformation and enabling both individuals and businesses. With our state-of-the-art blockchain innovations and visionary approaches, we forge a path towards a future where financial services are decentralized, universally accessible, and fortified by the utmost levels of security.

AmChain is a cutting-edge blockchain platform designed to revolutionize the finance industry by offering secure, transparent, and efficient solutions. Our mission is to provide a robust and scalable blockchain platform that empowers various applications, promoting a healthier and wealthier lifestyle.

Ameri Coin (AMC)

Ameri Coin (AMC) stands as the cornerstone of our blockchain ecosystem, embodying the principles of decentralization, transparency, and efficiency. As a native cryptocurrency, AMC plays a vital role in powering the decentralized infrastructure that underpins our blockchain network.

AMC is the beating heart of our blockchain ecosystem, enabling secure and unchangeable transactions across the network. By harnessing the power of blockchain technology, AMC transactions are lightning-fast and completely transparent, guaranteeing smooth interactions between users and applications.

AMC plays a crucial role in powering our blockchain network’s consensus mechanism. Through the innovative use of Proof of Authority (PoA), validators are motivated to safeguard the network and verify transactions, all while earning valuable AMC rewards. This dynamic ensures the unwavering integrity and dependability of our blockchain, cultivating a sense of trust among participants and fortifying the decentralized nature of our ecosystem.

Gas Limit and Gas Fee

In the AmChain ecosystem, every transaction carries a gas fee. This fee acts as compensation for the computational resources needed to complete the transaction. The gas limit determines the maximum amount of gas that a transaction can consume, while the gas fee represents the cost per unit of gas used.

Calculation of Transaction Fee

In AmChain, the calculation of transaction fees is based on the total number of gas units used, multiplied by the cost of each individual gas unit. To illustrate, let’s say a transaction consumes 21,000 gas units and the cost of each gas unit is 0.000001 AMC. In this case, the total transaction cost would be determined as follows:

$\text{Total transaction cost }=\text{Total gas used }\times \text{Cost per gas unit}$

For a transaction involving the transfer of 100 HEWE tokens, with a gas limit set at 21,000 and a cost of 0.0000000032659 AMC per gas unit, the total transaction cost would be:

$\text{Total transaction cost }=0.000068584\text{ AMC}$

Transaction Charges in AMC

Please note that transaction charges are denominated in AMC. Users can prioritize transactions by adjusting the gas used for each transaction.

Prioritizing Transactions

Consider this scenario: Amy wants to send 1000 HEWE token to Brian. The base fee for the transaction is set at 1, but Amy decides to tip an additional 5 to expedite the process.

To calculate the total gas fee for the transaction, use the following formula:

Total gas fee=Gas limit×(Base fee+Priority fee)

Based on the given figures, Amy’s total gas fee for the transaction would be:

$\text{Total gas fee}=0.000068584\times (1+5)=0.000411504\text{ AMC}$

Users have the power to customize transaction priorities by including a priority fee, guaranteeing quicker processing according to their preferences.

To determine the transaction fee, users must acquire AMC (Ameri Coin), our platform’s designated currency for covering the gas fee linked to transactions.

Our gas fee structure follows industry standards, guaranteeing fairness and predictability for users. Each transaction’s gas count is in line with industry norms, ensuring a consistent experience across the blockchain ecosystem. Moreover, users have the freedom to prioritize their transactions by adjusting the gas count as necessary. This enables efficient and prompt processing of transactions, empowering users to customize their activities based on their preferences and needs.