Name : The Root Network (ROOT)
ROOT Price : $0.048 -1.6%
Consensus Mechanism : Proof of Stake
Volume: 6,231,265
Market Cap: 50,057,478
Shariah Judgement
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Last Screening: Q2 2024
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Overview
The Root Network stands as a pioneering force in the realm of web3 technologies, offering a comprehensive suite of solutions designed to power the open metaverse. At its core, the L1 Blockchain serves as a robust foundation, ensuring integrity, transaction validation, and smart contract execution. Integrated EVM support allows seamless migration of Ethereum-based applications. With on-chain assets, developers can create and exchange digital tokens across various metaverse applications effortlessly. The In-Chain Exchange facilitates liquidity creation without complex deployment processes. The On-Chain Collectibles Protocol enables easy creation and trading of digital collectibles with enforced royalties. The Smart Wallet Protocol streamlines user experiences, offering single-account management for assets and identity. The upcoming Root Block Explorer and Network Bridge promise enhanced blockchain visibility and cross-chain asset transfers. The forthcoming Token Exchange further enhances liquidity and token trading capabilities. Additionally, the Futureverse's decentralized ASM AI Protocol empowers users to own, train, and trade unique artificial intelligence, adding an innovative dimension to the Root Network ecosystem.
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