The Giant Mammoth Chain is a high-level network that addresses the issues of scalability and security. It is specifically developed for applications that create their own chain, offering faster transaction speeds and reduced network gas costs compared to previous solutions. GMMT is also compatible with EVM and provides risk mitigation measures.
Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (GMMT/USDT – Trade it here) on our Innovation Zone! Check it out now!
What Exactly is Giant Mammoth Chain?
the Giant Mammoth Chain aims to facilitate the extension and reuse of existing modules. It also allows for the easy modification of existing contracts using smart contract architecture. This infrastructure empowers developers and node operators to construct and operate custom blockchains for large users with internal value systems, offering more flexibility and decentralization. The primary objective of Mammoth is to ensure that all project developers can deploy blockchain with unique specifications and validator sets while still connecting to the Mammoth infrastructure, making it a fundamental aspect of developing a simple yet functional blockchain project. Developers and teams can establish uncomplicated blockchains with their own business rules and economies. Most importantly, they can expand their existing capabilities.
Giant Mammoth Chain Consensus Mechanism
The Giant Mammoth Chain utilizes Parlia consensus and implements a consensus algorithm called Proof-of-Stake Authority (POSA). This algorithm combines the benefits of Proof of Stake (PoS) and Proof of Authority (PoA). The Mammoth Chain offers protocols and standards for seamless integration with the Ethereum/Mammoth ecosystems, catering to applications that create their own chains, with higher transaction speeds and lower network gas costs, EVM compatibility, and risk mitigation. Additionally, developers have access to various helpful tools like staking systems, block explorers, SDKs, RPCs, API gateways, governance interfaces, cross-chain bridges, and more.
Features of Giant Mammoth Chain
Giant Mammoth Chain is unlike other mainnets that rely on increasing processing power within a single blockchain to improve scalability. They are taking a different approach to overcome the trilemma by distributing each function of the blockchain across multiple chains. The process of the blockchain’s data processing is simplified into four main functions: execution, agreement, settlement, and data availability.
A typical blockchain handles all four functions in a single chain. Meanwhile, a modular blockchain like Mammoth can handle some or all of these functions across different chains. This approach improves processing efficiency and speed, as well as transparency and immutability of data. Through consensus among nodes, such as PoS or PoW, the current chain state is verified and the chain’s state information is updated by executing transactions.
To ensure transparency and immutability of data, information about the transaction must be distributed on the network for other nodes to always see, which is referred to as data availability. By enabling developers and node operators to build and run custom blockchains with internal value systems, Mammoth provides more flexibility and decentralization.
Where to buy GMMT Token
You can find GMMT Token here at MEXC! We are listing GMMT/USDT in our Innovation Zone!
What is the Price of GMMT Tokens?
GMMT token is currently trading at MEXC for $2.97. It has a fully diluted market of $14,846,336,214. It also has a 24-hour trading volume of $5,193,288. You can check the live price of their token right here!
How to buy GMMT Tokens on MEXC
You can buy GMMT Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “GMMT” using the search bar to see the available trading pairs. Take GMMT/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of GMMT you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy GMMT] to confirm your order. You will find the purchased GMMT in your Spot Wallet.
You can find a detailed guide on how to buy GMMT Tokens here.
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