AmChain Blockchain
AmChain
AmChain is a high-performance blockchain platform engineered with advanced architecture and core components to support a wide array of applications, from financial transactions to healthcare data management. As the native token of our blockchain ecosystem, AMC powers transactions, secures the network, and facilitates seamless interactions within our decentralized infrastructure. Built on a foundation of innovation and reliability, AmChain represents the future of decentralized finance, delivering unparalleled security, scalability, and efficiency to users worldwide.
Technology
Smart Contracts
Our platform supports smart contracts, enabling automated, secure, and transparent transactions without the need for intermediaries.
Proof of Authority (PoA)
AmChain’s foundation is built upon the powerful Proof of Authority (PoA) consensus mechanism, a robust algorithm that guarantees the utmost integrity and security of our blockchain network. Unlike conventional Proof of Work (PoW) or Proof of Stake (PoS) protocols, PoA operates on a different principle. It entrusts the validation of transactions and the creation of new blocks to a select group of pre-approved validators. These validators are chosen based on their impeccable reputation, extensive expertise, and unwavering dedication to upholding the network’s integrity.
AmChain utilizes the power of PoA to achieve remarkable transaction throughput. Currently, the rate stands at an impressive 80,000 Transactions Per Second (TPS), with capabilities reaching up to a staggering 300,000 TPS. This exceptional level of throughput guarantees swift and efficient transaction processing, resulting in seamless user experiences and the ability to handle high transaction volumes with ease.
Node Identity
Known validators with recognized identities, chosen for reputation or pre-established authority.
No Mining
Unlike PoW and PoS, PoA doesn’t involve mining or staking. Validators are selected based on identity and reputation.
Transaction Validation
Validators in PoA confirm transactions through consensus, reducing the risk of malicious activity and ensuring efficient processing.
Centralization Concerns
Criticized for potential centralization as validators are pre-approved, contrasting with PoW and some PoS systems.
Security and Finality
PoA networks offer high security with reputable validators and achieve faster transaction finality compared to PoW networks.
Use Cases
Suitable for private or consortium blockchains with established trust, prioritizing performance and efficiency. Less ideal for public, fully decentralized networks requiring censorship resistance and maximum decentralization.
Benefits
Efficiency
AmChain processes transactions faster than traditional systems, ensuring real-time operations and minimal delays.
Cost-Effective
By reducing transaction fees and operational costs, AmChain offers a financially viable solution for businesses and individuals alike.
Transparency
All transactions on the AmChain blockchain are open and auditable, ensuring complete transparency and trust in the system.