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Layer 1 vs Transactional Network
The Hami Network is a blockchain platform designed to offer a range of innovative solutions to the challenges faced by the traditional financial system. Two of its key components are Layer 1 and the Transactional Network.
Layer 1 is the foundation of the Hami Network and is designed to facilitate the creation and operation of decentralized applications (dApps) and smart contracts. It is a highly scalable and efficient network that enables developers to build complex decentralized applications with ease. The network is powered by a proof-of-stake (PoS-CoT) consensus mechanism, which is energy-efficient and provides a high level of security.
Layer 1 is an ideal solution for the emerging DeFi market, which requires high throughput, low latency, and low transaction fees. It provides a secure and reliable platform for users to access DeFi services such as decentralized exchanges, lending protocols, and stablecoin issuance.
The Transactional Network, on the other hand, is a separate network within the Hami ecosystem that is specifically designed for stablecoin transactions. It is a DAG-based network that operates independently of Layer 1, and is designed to offer fast, secure, and low-cost transactions for stablecoin users.
One of the most significant advantages of the Transactional Network is that it offers zero transaction fees for stablecoin transactions. This means that users can transact with stablecoins without incurring any gas fees, which is a major benefit for users who want to transact small amounts.
Overall, the Hami Network's Layer 1 and Transactional Network offer unique solutions to the challenges facing the traditional financial system. With Layer 1, developers can build complex dApps and smart contracts with ease, while the Transactional Network offers fast, secure, and low-cost stablecoin transactions. Both networks are designed to be scalable, secure, and energy-efficient, and are key components of the Hami Network's vision for a decentralized financial future.