Giant Mammoth GMMTPrice $ 0.00263

Giant Mammoth introduced and upgraded Layer 2 solution to solve some scalability issues. As a reasonable way to overcome the blockchain trilemma, Giant Mammoth devised a modular blockchain method that processes each function of the blockchain in parallel on different chains. Mammoth's long-term goal is to become part of everyday life as a network that the majority of the world's population participates in, just like the Internet. Bridge and interoperability solutions are complemented by sharing assets and liquidity among multiple chains and enjoying a unified network effect, contributing decisively to early user growth and solidifying Giant Mammoth position as a network that connects the world. In addition, the ultimate purpose of Mammoth is to build an ecosystem in the public interest by distributing profits to all participants as much as they contribute, rather than monopolizing profits.

Giant Mammoth Chain uses Parlia consensus and can be described as Proof-of-Stakes Authority (POSA). PoSA (Proof of Equity Authority) is a consensus algorithm that combines the advantages of DPoS (Proof of Equity) and Proof of Authority (PoA).