Omax launches mainnet on 19th August 2022
Block time is the measure of the time it takes the miners or validators within a network to verify transactions within one block and produce a new block in that blockchain. OMAX BLOCKCHAIN blocking time is competitive compared to the existing blockchain network, i.e., 10 seconds or less. It takes a short time to certify the finality of transactions, such as minute or less.Block time is the length of time it takes to create a new block in a blockchain. A block is a file that records a number of the most recent cryptocurrency transactions.The blockchain is secured by a decentralized group of miners and to use this platform, users pay a certain fee which is called a gas fee to miners in charge of the process.OMAX COIN transaction outputs and lower fees, generates greater scalability.OMAX Coin Chain relies on a system of PoS consensus that can support short block time and lower fees.