Fastex, a blockchain platform, is aiming to incentivize stakers and validators by rewarding them for providing value to users. The platform utilizes its Proof-of-Stake-and-Activity (POSA) consensus mechanism, which takes into account the activity and gas usage of smart contracts.
By attaching smart contract addresses to validator addresses, companies on the Fastex chain can accumulate activity and have higher chances of becoming block producers, generating fees from the network. This approach encourages businesses to focus on growth while considering their user base and the value they provide.
Fastex Chain, built as a fork of Ethereum 2.0, prioritizes security and undergoes continuous auditing processes. The platform engages renowned auditing companies like Certik and Hexens to ensure high standards of security for smart contracts and dApps.
Fastex also offers various projects within its ecosystem, including Fastex Pay, a next-generation payment technology that combines traditional payment systems with blockchain-based solutions. They also operate an NFT marketplace and physical NFT stores in Dubai to cater to the diverse needs of the NFT community.
Fastex’s mission is to empower people to make the most of their assets by providing practical use cases for cryptocurrencies beyond their native token, Fasttoken. They aim to educate and engage a broader audience on the benefits and risks of crypto while building a fast and effective system that instills confidence and simplifies the crypto experience.
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