Prime Chain

PoA - Proof of Achievement

Proof of Work is a type of cryptographic proof in which one node (the prover) must prove to the other nodes (known as the verifiers) that they have expended a certain amount of a specific computational effort in solving the hash of a block.
When blockchain first began with Bitcoin, Proof of Work (PoW) seemed liked the perfect fit and served its purpose so well it was adopted by the majority of blockchains that followed. But as the use of blockchains has soared in recent years, it has exposed certain problems with the PoW system.
The main drawbacks are its huge energy consumption and its limited capacity to scale. It also requires specialized equipment and hardware, narrowing participation.
Prime team is always learning and we want to create a new approach and eliminate the disadvantages while retaining the points that make the approach successful. And we're more than excited to announce that we found the solution

Why Replace Proof of Stake?

This consensus mechanism works by validators staking their coins in order to be in with a chance of adding a block to the chain and receiving the transaction. Instead of competing as miners do, validators are chosen at random.
Proof of Stake has been celebrated as a better alternative to PoW. It provides financial incentive for participants but without the huge computational effort of powerful computers that cause high energy consumption.
It has lower barriers to entry, is more efficient by bringing down fees and waiting times, and supports sharding which allows scalability.
BUT there is one major drawback of the Proof of Stake consensus algorithm.
It is generally accepted that the users staking coins will act in the network’s best interest, as bad actors risk losing their stake. We assume then that the bigger the stake, the more likely they are to be invested in the success of the network.
But what this doesn’t account for is that stakes of equal value may not be equally staked...
For example, say two people place a bet of $500. One has a total of $500,000 at their disposal, while the other has $1000. That $500 bet will be more valuable to the latter.

Advantages of Proof of Achievement

Users don't need a large number of tokens to be able to become a validator
For example, BSC users need to own at least 10,000 BNB. AVALANCHE users need to own at least 2000 AVAX, which is a pretty high number. This approach accidentally takes away the most fundamental element of Blockchain - Decentralization because people who have big money and big resources can easily become a validator and the story goes to finance solely.
With Proof of Achievement, users need to actively work on Prime Chain in their own project, and become directly involved in Prime Chain activities
This way of approach help Prime Chain own the most fundamental element of blockchain. Everyone can take the steps in Prime Chain equally, users don't need to have great resources. Becoming a validator through consistent work and determination is what Prime Chain introduces for users for the first time in this industry

How does Proof of Achievement work?

Proof of Achievement work on a very basic fundamental with clear steps and easy-to-approach with everyone
Join the Prime Chain ecosystem and work on it
In this stage, Prime Chain will release Prime War - a turn-based, strategy game developed by Thunder Studio, one of our exclusive Technology Partner. Prime War will be released exclusively on Prime Chain
How to become validator through Prime War
Users need to own at least 1 NFT to participate in Prime War
Complete daily missions and beat other players in PvP gameplay to in the leaderboard
Top rank on the leaderboard also can burn NFT to receive token, stake NFT, ect,...
Details of Prime War will be updated soon
Developed exclusive by Thunder Studio