WadzChain employs a Proof of Stake (PoS) consensus mechanism. This model enhances energy efficiency compared to Proof of Work (PoW) by allowing validators to create new blocks and verify transactions based on the amount of cryptocurrency they hold and “stake” in the network. This ensures faster transaction times, lower energy consumption, and increased scalability for the blockchain, making it more suitable for a wide range of financial applications.
WadzChain operates as a Layer 1 blockchain, meaning it is a foundational blockchain that forms the base of its ecosystem. It provides the core infrastructure for running decentralized applications (dApps), smart contracts, and other blockchain-related services directly on the network, without relying on any other blockchain for its core functionality. This makes WadzChain integral to building and supporting a wide array of financial and digital payment solutions.