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Omax
$0.0₃2890
0.84%
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Omax Price Converter
Omax Information
Omax Supported Platforms
| OMAXV1 | BEP20 | BNB | 0xeB84be66c8E71f07eA57Cf3b21626d7784F32A7F | 2021-11-01 |
About Omax
Omax (OMAX) is a decentralized blockchain platform designed to integrate the benefits of both public and private blockchains. It uses a DPoS consensus mechanism to ensure high transaction speeds and security. The coin is used within its ecosystem for various applications, particularly in financial services and e-commerce integrations.
Omax (OMAX) is a decentralized, open-source blockchain system that functions as a Layer 1 platform. It integrates the transparency of public blockchains with the speed and security characteristic of private networks. The platform supports decentralized smart contracts and provides a foundation for other cryptocurrencies. Omax employs a Delegated Proof of Stake (DPoS) consensus mechanism, facilitating high transaction speeds, interoperability, and strong security features. The network boasts a capacity to handle 100,000 transactions per second (TPS) and is compatible with the Ethereum Virtual Machine (EVM).
Omax is used primarily as a utility payment coin within its own ecosystem. It aims to provide streamlined financial services and supports smart contract functionalities, making it a preferred platform for developers and financial institutions. The Omax blockchain's high throughput and low transaction fees make it suitable for various applications, including integration with e-commerce platforms, vending machines, and ePOS systems. The platform's interoperability and support for EVM-compatible smart contracts allow developers to build and scale their projects efficiently.