MaxxChain
About MaxxChain
MaxxChain is a Proof-of-Work (PoW) Layer 1 blockchain network compatible with the Ethereum Virtual Machine (EVM). Designed to be decentralised, secure, and programmable, it enables the creation of decentralised applications (dApps) and execution of complex smart contracts. The native coin, PWR (Power), is vital for transactions, payments, and navigation within the ecosystem, supporting various on-chain utilities like a DEX, swap platform, cross-chain bridge, and blockchain explorer. Each mined block generates five PWR coins, with gas fees shared among miners and a burn mechanism to balance newly minted coins. MaxxChain was co-founded by Nayan Patel and Keven Paizanoglou, both bringing extensive experience in business and finance. The project emphasises an innovative, balanced ecosystem, committed to security and energy efficiency, promoting green mining and sustainable practices.
MaxxChain is an Ethereum Virtual Machine (EVM) Layer 1 Proof-of-Work (PoW) blockchain network. It is designed to be decentralised, secure, and programmable, allowing developers to build decentralised applications (dApps) and execute complex smart contracts. The network uses a PoW consensus mechanism to validate transactions, minting five PWR (Power) coins with each successful block mined. Gas fees are shared among miners, and the system includes a burn mechanism to offset newly minted coins, ensuring a balanced ecosystem.
PWR (Power) serves as the native coin of the MaxxChain network and plays several critical roles within the ecosystem. It is used for conducting on-chain transactions, facilitating payments, covering transaction fees, and enabling seamless navigation within the MaxxChain ecosystem. Additionally, PWR supports various on-chain utilities such as a decentralised exchange (DEX), a swap platform, a cross-chain bridge, and a blockchain explorer. These utilities aim to enhance user engagement and provide incentives within the MaxxChain ecosystem.