Giant Mammoth has launched an upgraded Layer 2 solution to address scalability challenges. They are employing a modular blockchain approach, processing different blockchain functions in parallel across separate chains, aiming to resolve the blockchain trilemma. Giant Mammoth envisions becoming a globally adopted network, similar to the internet, facilitating interoperability and asset sharing across multiple chains to drive user growth and establish itself as a connecting force worldwide. Their ultimate goal is to create a public ecosystem where profits are distributed proportionally to contributors, ensuring a shared benefit system. Giant Mammoth Chain utilizes the Parlia consensus mechanism, a Proof-of-Stake Authority (PoSA) algorithm combining elements of Delegated Proof-of-Stake (DPoS)...
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