Speed, Security and scalability are three things that the team at Omax coin have been diligently forming and testing since they began developing the Omax blockchain in early 2022.
Blockchain security is achieved via the implementation of secure coding practices to protect a blockchain solution from online frauds, breaches, and other cyberattacks.Security is of the utmost importance to the Omax team, with many projects and processes coming under fire recently. They are so confident in their security that they have offered a reward to anyone who can find bugs or problems in their blockchain.
Speed:Transaction speed is the rate at which data is transferred from one account to another. Transaction speed of a blockchain is one of the prime parameters through which viability of a blockchain is gauged.Omax blockchain, topping off currently at 125k tps in the testnet phase of the blockchain development. Omax coin has more than doubled what was the highest tps, making it look miniscule at just 50k tps.
Scalability: This refers to the capacity of blockchains in processing transactions in the network. Omax blockchain scalability issues being identified in many blockchain projects, Omax has developed their technology with On-chain solutions like the ability to modify elements of the block chain, like the blocks for example. One such solution is the ability to increase the blocks to a very large size.