In accordance with a press release shared with U.Today, the cutting-edge Proof of Authority (PoA) system by Ethereum Express (EEX) reached the throughput of 200 transactions per second (TPS). This is thirty times more powerful than Ethereum (ETH)!
Mining and Gambling Solutions
The first product presented by Ethereum Express is the result of its partnership with Mining Express, the fifth-largest mining company in the world. Ethereum Express powers an environment that allows Mining Express end users to interact with the mining provider in a game-changing manner.
Previously, Mining Express provided systems for testing and analysis to confirm EEX’s hypotheses on the operational capacities of the blockchain.
The second product by Ethereum Express addresses the blockchain-based gambling sphere. The framework by Ethereum Express will make the process of online gambling much more understandable and transparent for end users.
Ethereum Express throughput will also be used to record the gambling transactions into the blockchain-based system. Both products will address more than 48,000 users from around the world.
All-in-One Token for Ethereum Express Ecosystem
With launch of these two pilot products, Ethereum Express will also starts testing real-time application scenarios of its internal ecosystem coin. This coin is used for facilitating connections between the worlds of gaming and mining and is designed to create a backup global cryptocurrency for different business operations.
According to the CEO of Ethereum Express Vlad Miller:
The launch of these two pilot projects with our first clients is an important step for the development of not only the EEX project and its coin, but also for the blockchain environment as a whole
Therefore, EEX will finalize the business hypotheses of its ecosystem in a complex, real-time business environment with feedback from the two presented projects.
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Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)