April 28, 2023 – London, United Kingdom
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 one 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 the AmazeWallet app is yet to have its full launch, which is scheduled for mid-June 2023.
Overall, nearly 100,000 test users have downloaded the app since it launched on the testnet in November 2022.
The positive news comes amid other signs of strong pre-launch momentum for AmazeWallet.
The company has already signed partnerships with OnRamp, a major DEX aggregation platform, two centralized token exchanges and a string of top international artists who will produce work exclusively for AmazeWallet’s native NFT marketplace.
Alongside these significant partnerships, AmazeWallet recently attended and presented at both the Global Blockchain Congress and ETH Dubai, where the wider Web 3.0 world got to hear first-hand about the super-fast verification calculations that make mobile mining possible.
Until now, users have been testing the network’s capacity by staking testnet tokens. In turn, AmazeWallet is rewarding the top testnet miners with a Genesis NFT.
It’s all in the name of a final stress test for AmazeChain’s advanced sharding technology, which is capable of processing over 300,000 transactions per second.
After more than six years of building and multiple technological breakthroughs, such as sharding, layering and ZK proofs, the ecosystem is nearly ready.
Soon, users worldwide can contribute to network security and decentralization in return for daily rewards in AMT tokens.
Revolutionary tech truly decentralized
While older generation blockchains like Ethereum and Bitcoin offer a form of semi-decentralization, AmazeWallet ensures a true dispersion of power by spreading it globally at a fraction of the costs we usually see with other chains and with better performance.
Unlike with the legacy networks, anyone can start securing the network, with their phone acting as a full node connected…
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