AME AME Chain

AME Chain is a platform that facilitates peer-to-peer communication, Smart contracts and applications via its own native currency called AME. The primary purpose of AME is to facilitate and monetize the working of AME Chain to enable developers to build and run distributed applications (called dApps).

AME Chain is a Turing complete blockchain framework, as it gives a foundation to programming languages using which you can write contracts that can solve any reasonable computational problem. AME Chain is compatible with Ethereum Virtual Machine (EVM), a consensus-based virtual machine that decodes the compiled contracts in byte codes and executes them on the Ethereum network nodes. It also uses algorithms to prevent denial-of-service attacks that are widely observed in cryptocurrency markets.

AME Chain network is a group of nodes, connected to every other node in a peer-to-peer mechanism. Each node consists of a copy of the entire blockchain data store and competes with other nodes to mine the next block by validating transactions. If a new block is added, the blockchain gets updated and is propagated to the entire network so that every node is in sync.