1️⃣Layer 1 Blockchain solution

HPoS Blockchain solution through EntyLabs

Enjoy the different service of our Blockchain developments

Layer 1 EPoS Blockchain:

EntyLabs layer-1 multichain blockchain ecosystem (EPoS) is carefully designed and based on the EPoS consensus (delegated PoS&PoA). With one function on mainnet and one on testnet, Bridge, Swap/Dex and Stake can be actively run. Entychain is a compliant blockchain with all required licenses and Utility Token Opinion.

EntyLabs EPoS blockchain solutions support 1,000,000 TPS with a transaction confirmation time of less than 1 second, making it the world's fastest and most stable blockchain in space.

Through digital means, the Entychain Ecosystem challenges established financial services. The Entychain blockchain network's effective properties, such as decentralization, transparency, scalability, security, stability, and low-cost, high-speed horizontal scaling, have the potential to transform blockchain solutions and existing payment technologies.

The EPoS Blockchain solution from EntyLabs will be one of the blockchains that enables users to get incentives for validating transactions without locking currency. Staking and governance on the EntyLabs EPoS Blockchain support master, staked, and non-staked voting mechanisms, making it completely decentralized.

The goal of Entychain is to make blockchain technology practical. Although Bitcoin was initially intended to increase the security of electronic payments, this came at the cost of being expensive and slow. Since then, several blockchains have appeared, but none have really made it easier to utilize bitcoins for regular transactions. Entychain EPoS steps in to help with it. Stablecoins, a stablecoin exchange, a blockchain network, and a social payment software make up our ecosystem. Together, they make financial transactions easier, more affordable, and safer than before.

The nearly $0 transaction fees offered by Entychain EPoS are among its many noteworthy benefits. Furthermore, transactions proceed quickly, doing away with the need to wait for payment processing as with other systems. Users may be confident that their information will remain private and protected because to decentralization. Entychain's EPoS ultimate goal is to usher in a new era of financial systems that are beneficial to the public and streamline value transfers for individuals.

With its impressive technology, Entychain EPoS can process millions of transactions every second. Most blockchains add each transaction to the historical record, making it difficult to change previous data without changing subsequent data. Although this approach guarantees precision and immutability, it creates efficiency problems as the blockchain's use spreads. Entychain EPoS , however, has created a workaround: it makes use of multiple "subnets" that independently process transactions in place of relying on a single enormous blockchain. As a result, the system is still effective even when millions of users are using it at once because each subnet can handle its own load. Waiting is further eliminated via real-time transaction validation.

Entychain maintains exceptionally low fees because of the V+ validation pool. This mechanism makes sure that Entychain's validators, who help the ecosystem run smoothly, are fairly compensated. Entychain's EPoS transaction costs are at least 10 times less expensive than the gas prices levied by other blockchains, thus validators immediately join a second staking pool where they can increase their return on investment. Due to its exclusive feature, Entychain EPoS is the only blockchain that is suited for daily use and offers predictable, low fees.

Entychain uses the unique EPoS protocol to guarantee smooth operations. To produce a more reliable solution, this protocol incorporates different consensus mechanisms, including PoA and PoS. Entychain's EPoS consensus overcomes the shortcomings of each of these systems, such as their susceptibility to long-range attacks or their tendency to sacrifice security for speed. Even with a small number of nodes working together to keep the network running smoothly, the EPoS consensus delivers improved security while retaining quick transaction rates.

Cons of DPoS solve solutions by EPoS

Malicious token holders

A DPoS system carries the danger of a 51% attack, which is an attack where at least 51% of delegates act maliciously towards the network to essentially achieve what they want. This is because there aren't thousands of delegates. DPoS blockchains are more conducive to these attacks since they often have fewer delegates.

Lack of decentralisation

There are some DPoS projects that deal with this problem, albeit not all of them do. For certain projects, venture capitalists (VCs) and insiders receive up to 26% of the total token supply. It is unclear if DPoS systems are genuinely decentralized because they typically only have a limited number of delegates. For instance, a network with fewer than 30 delegates at once may not be considered completely decentralized.

Engagement is needed

DPoS requires users to vote for delegates in order to ensure that the network can function. As a result, users of the network must continue to be involved and active; otherwise, the network won't function.

EntyLabs solutions about the cons of DPoS by EPoS:

EntyLabs aims to reduce the ratio of venture capital (VC) and insiders to a maximum of 5%, the remainder being held in various pools for the long-term with a predetermined long-term vesting schedule designed to never exceed 5% in any given period can come!

EntyLabs would like to minimize this weak gap by much higher delegates by only releasing the blockchain after a certain order of magnitude of delegates! In order to be able to maintain this situation, we will reward the respective delegates with a bounty program for their release and availability of their services until the start

In order to keep the network stable and up, we will also use various solutions such as rewards for dedicated users who stay connected to the network through various airdrops and bounty credits in the long run. These types of rewards will not necessarily be the rewards we see in other projects, they will be specifically designed and deployed that will attract a large number of users. The more users, the more rewards! In order to make the circle of users as large as possible, we will endeavor to ensure this EPoS blockchain solution EVM across chains

Conclusion:

EPoS will be an well-suited way for small and medium-sized entrepreneurs to contribute to a blockchain network without spending large sums of money to purchase mining equipment.

EntyLabs EPoS Blockchain as

Digital financial services are made available by Entychain EPoS to people who do not have access to conventional banks. With over 1.5 billion people globally without a bank account, using debit cards and having easy access to cash are still essential. These unbanked people will be able to experience digital banking at a reasonable cost thanks to Entychain's EPoS technology. Users can then send digital stablecoins to anyone using the Entychain payment system called enterpay!

enterpay will be the payment system through our DeFi & Blockchain solutions!