Omax

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.