This patent represents a significant milestone for MMAI, following the successful signing of a $2 million contract earlier this year for blockchain development. The culmination of this contract, PureChain, incorporates the Proof of Authority with Smart Auto Mining (SAM) consensus mechanism. This mechanism is renowned for its speed, efficiency, robustness against 51% attacks, and minimal energy consumption.
What sets PureChain apart is its implementation of the pioneering Proof of Authority in Square (PoA2) consensus mechanism, which enhances network resilience through the inclusion of redundant nodes. By bolstering the regular PoA algorithm, PoA2 ensures exceptional network availability, security, and cost-effectiveness.
In a breakthrough achievement, PureChain also introduces SAM Plus (Smart Auto Mining Plus), an advanced mining system optimized for speed, cost-efficiency, and adaptability. Leveraging sophisticated algorithms, SAM Plus accelerates the block mining process, reduces energy consumption, and dynamically allocates resources based on network demand.
The MMAI PureChain ecosystem is built on a robust Layer 1 blockchain that provides essential functionalities like consensus, transaction processing, and data storage. Additionally, it leverages the Layer 2 Ethereum blockchain to enable seamless cryptocurrency transactions and data transfers, elevating the overall capabilities of the network.
With the incorporation of a Layer 2 Ethereum blockchain, PureChain is poised to revolutionize the market by offering scalability and low transaction fees for cryptocurrency transactions. This innovative approach facilitates high-volume transfers, empowering users with rapid and cost-effective transactions.
Moreover, PureChain features an additional Layer 2 blockchain dedicated to secure data transfer and stringent security measures, ensuring the integrity of sensitive information within the ecosystem.
MMAI, a global trailblazer in blockchain technology, is committed to delivering secure, scalable, and efficient blockchain networks for the industrial IoT Blockchain Network. Their unique approach to blockchain development drives the future of decentralized applications and data management. In another exciting development, MMAI is on the verge of opening public access to its Metaverse, "PureWorld." Scheduled to launch in July 2023, PureWorld will invite users to explore its vast virtual realm, indulge in immersive gaming experiences, and discover local business offerings.
This endeavor represents a significant step for MMAI as it expands its technological innovations beyond blockchain, creating an engaging and secure virtual environment for users worldwide. Stay connected with MMAI for more updates as the company continues to make groundbreaking advancements in delivering efficient, secure, and cost-effective solutions for blockchain networks.