AMGD Pioneer in the era of WEB3 applications
2023-01-11 16:01:59 Reading


Since the third technological revolution, the development of the Internet has been accompanied by the progress of human civilization.

From Web 1.0 to Web 3.0, we have gone through the transformation from only being able to read information, to being able to read and write information, and then to being able to own the Internet itself, and the form of the digital economy has also experienced a change from the information economy, the platform The evolution of the economy to the token economy. Emerging concepts such as DeFi, NFT, and DAO have reshaped the entire Internet. While promoting the world to enter the Web3.0 era, they also truly return the ownership of data to users, empowering the new era of digital economy in an all-round way.

In the era of Web2.0, the data you contribute is the profit of the platform, and in the era of Web3.0, AMGD will return the data you contribute to your assets for free, and give users more rights and value through effective behaviors in the ecosystem reflect. And provide users with a more entertaining interactive experience through the three-dimensional, visualized, and real-world metaverse application scenarios, and return all the value generated by the virtual stage to reality through digital payment channels.

To sum up, AMGD has given WEB2 social applications such as LINK, Instagram, and Paypal to DAO, and managed and operated them through the DAC mechanism. Can the rise of AMGD have an impact on the traditional world? What team is behind it?

all of these? We did a little research on WEB3 and AMGD.

AMGD is jointly created by the Silicon Valley and Tencent technical teams to create the WEB3 underlying technology AMDG public chain protocol to build the framework and platform of the web3 next-generation Internet. AMGD adopts the brand-new blockchain consensus mechanism PBGLF technology, and establishes and forms independent ecosystems in the form of a large-scale distributed economic consensus traffic carrier based on smart contracts, and these ecosystems are constantly growing and expanding. But this consensus traffic carrier is not satisfied with this, and hopes to completely democratize and decentralize in the development process, so with the large-scale exploration of AMGD today, it allows any type of data to be sent between any consensus users (institutions), Based on this AMGD can unlock a large number of real-world scenarios.

AMGD has established a permanent system that continues to provide services and content, and through continuous development and enrichment of the ecology, to better connect with the real world, breaking time and space constraints, users can establish social connections with people around the world. Users can also invite their real-world friends to explore AMGD together. AMGD helps the majority of netizens migrate to the decentralized “WEB3.0” smoothly by providing more comprehensive, diversified and convenient identification services.

At present, as a complete application system, AMGD has a complete application layer (social), contract layer, incentive layer (AMGD), consensus layer (DAO/DAC/POW/POS), network data layer (AMGDChain/EVM), and data Infrastructure (Swap, DEX, multi-chain wallet, etc.) layer.

We will build a complete ecological kingdom, and the core component of this kingdom is AMGDChain (public chain), which is compatible with the core technology EVM, and regards EVM as a computer that calculates smart contracts given specific inputs The output result of the operation. A copy of the EVM runs on each node – it has to be remembered that it is not located in one place. EVM is also known as “runtime” or “environment”.

Simply put, the EVM is a completely self-contained sandbox. This means that the contract code can be completely isolated from the outside world and run independently inside the EVM. Since the EVM is also stored decentralized on each node’s computer, when someone needs to create a smart contract, they can use programming languages ​​like JavaScript and Python to create applications that run on the EVM. At the same time, EVM can be isolated from the rest of the main network, and it does not affect the operation of the main blockchain during runtime. This is the meaning of the existence of EVM. AMGDChain provides a faster, lower handling fee, secure development environment and cornerstone for all application layers and infrastructure layers of AMGD.

The application layer is mainly composed of four parts: multi-chain cold wallet AMGDwallet, decentralized social chat platform socialFi, decentralized SWAP, and decentralized financial management.

AMGDwallet-multi-chain digital asset wallet

AMGDwallet is a multi-chain digital asset wallet based on the blockchain value transmission protocol ecosystem. It is committed to creating a new generation of blockchain global multi-chain ecological wallet based on technology-driven and social as the entry point. AMGDwallet through multi-chain The wallet realizes the value of the entire ecological link, and uses point-to-point value links and transfers such as payment, social networking, trust network, artificial intelligence, AI, finance, big data, and metaverse to improve the circulation efficiency of various assets in the ecological wallet network and reduce circulation costs. Completely display user assets through contract analysis, intelligently recommend high-quality applications through data analysis, support viewing NFT and other types of assets on the chain, support NFT transfer operations, support standard ERC721 protocol analysis, and also integrate cross-chain multi-currency wallets and payment settlement platforms , currency trading platform, social groups, information market, DApp and other functions can meet almost all your needs for digital currency in one stop.

AMGD SWAP-decentralized exchange

AMGD SWAP has a built-in decentralized trading system, which not only facilitates operations such as transfers, collections, and transaction record inquiries, but also provides services such as buying and selling digital currencies, NFT transaction exchange, and mutual exchange between legal tender and ordinary currency.

AMGD Swap currently uses a gateway to cross-chain, similar to the BitShares gateway openledger, which can directly trade across major public chains on the AMGD Swap decentralized exchange. AMGD Swap uses BitShares graphene technology, which is much faster than other decentralized exchanges and can reach a peak processing capacity of 20,000 transactions per second. At present, the centralized digital asset trading platform frequently encounters problems such as being attacked, stolen coins, and transactions being rolled back, which makes users distressed. Through iterative upgrades on technologies such as anonymous payment, distributed servers, privacy, transaction transparency, and transaction speed, AMGD SWAP finally builds a multi-currency digital transaction platform that is safe, efficient, and as transparent as decentralized transaction technology.

AMGD SocialFi 2.0-Building a Diversified SocialFi Ecosystem

AMGD SocialFi focuses on the Web2.0 of the social metaverse. By using social platforms as ecological infrastructure and integrating encryption-related elements such as NFT malls, DeFi platforms, and avatar NFTs, it is committed to creating a diversified SocialFi ecosystem.

AMGD Financial Planning

The operation of DeFi products is complicated, and it is necessary to perform pool selection, pledge, redemption, cross-chain exchange, etc. on the Dapp. It is easy for users to lose coins, buy counterfeit coins, transfer to wrong addresses, etc. during the operation. With AMGD financial management, users only need to participate with one click.

AMGD can help users maximize their profits. At present, most platforms still use the reinvestment mechanism to increase income, while AMGD will automatically extract and reinvest the income in the target pool to achieve a mechanism that generates more income. In addition, AMGD will help users evaluate security and benefits, and switch strategies according to the level of benefits. When switching strategic goals, they are definitely more professional and cautious than ordinary users, and they will choose projects that have been audited, well-known, popular, and relatively reliable.

AMGD’s technology is mainly based on the underlying mechanism of the AMGD Chain. At present, AMGD adopts distributed control rights management (DCRM), time lock (Time Lock), quantum exchange (QS), universal wallet and global short account (USAN, universal short account number universal wallet and global short account), SCT smart contract Technology such as template (SCT) allows users and enterprises to easily create financial derivatives, or formulate products according to market needs and target groups.

In the future, what AMGD will build is an open-source high-performance decentralized public chain to promote the ecological landing of WEB3 metaverse applications based on blockchain technology. Through continuous technological innovation, the value interoperability, user interoperability, and scene application interoperability in the metaverse can be realized simply and efficiently, and finally the co-construction of the ecological system can be realized and the value-added system can be built.

Through AMGD, blockchain technology will be popularized to more traditional Internet fields, so that more users can feel the charm of blockchain technology. The mission of AMGD is to use blockchain technology to serve the Web3.0 blockchain ecology and promote Blockchain value application. This is our ultimate goal of developing AMG.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. CryptoCNN assumes no responsibility for any errors contained herein.