AmazeWallet has reported a sharp rise in the number of miners using their mobile phones to validate transactions on AmazeChain, the app’s private Layer 1 blockchain. Even before its full launch, the number of miners on the testnet who are validating transactions on the chain has increased by 3,293%.
Over the past week, over 11,000 users have joined the decentralised and secure network by operating light nodes. Thanks to light node technology, anyone, no matter where they are, can participate in blockchain validation.
This positive data complements other indicators of AmazeWallet’s burgeoning pre-launch interest. Since its testnet launch in November 2022, nearly 100,000 users have downloaded the app, ahead of the official release of the AmazeWallet app, scheduled for mid-June 2022. Already, there are users who have staked testnet tokens to gauge the network’s throughput. In return, AmazeWallet is giving out Genesis NFTs to the best testnet miners.
AmazeWallet features and how to get started
AmazeWallet is a cryptocurrency wallet that connects users to the AmazeChain network. It’s built on a user-friendly, integrated ecosystem where apps and the blockchain communicate and function in harmony. Its four main characteristics encompass the entirety of the Web3 landscape:
- Mining: stake AMT, validate blocks and get paid for it.
- Wallet: the wallet allows you to store and trade tokens from 60+ different blockchains.
- NFTs: free minting, build followingpopularity, and cryptocurrency trading.
- Messaging: 364-bit quantum-resistant chat with friends.
Unlike other chains, AmazeWallet’s worldwide distribution of nodes enables full power decentralisation at a fraction of the cost and with superior performance. Additionally, anyone can begin securing the network immediately by using their own mobile device as a full node with a direct connection to AmazeChain. Staking the native token AMT requires nothing more than installing AmazeWallet on a mobile device.
Partnerships and way forward
Two centralised token exchanges and a slew of top international artists have partnered with AmazeWallet to create original content for the platform’s native NFT marketplace. AmazeWallet has also partnered with OnRamp, a large DEX aggregation platform. In addition, AmazeChain has developed cutting-edge sharding technology that can handle more than 300,000 transactions per second, and it is now putting that capacity to the test.
The ecosystem is essentially complete after more than six years of development and numerous technological improvements, including sharding, layering, and ZK proofs. Contributors to network security and decentralisation will soon start earning daily in AMT tokens.
The AmazeWallet app allows users to validate blocks and earn AMT incentives every time they use the app. When the app goes live on mainnet this quarter, users who have staked AMT will be able to start mining the native chain in exchange for daily mining rewards.
In addition, the AmazeWallet team has already begun making plans for AmazePay, for which they have been awarded a licence in Canada. It will enable people to use their cryptocurrency holdings in practical ways. For example, using it to buy groceries, use public transport, shop online etc.