1.10 Introduction

Armonia Meta Chain (AMC) is a highly decentralized public blockchain. Through mother-child multichain structure and pioneering APOS consensus mechanism, it strives to achieve reliable, strong parallel processing capability and extremely low transaction fee, with the ultimate goal of serving billions of global users in the future.

AMC aims to support web3.0 and metaverse as an underlying technology framework, meet diversified needs of blockchain users and constantly create value for global blockchain community.

To address growing user application needs, blockchain technology has evolved from distributed ledger, to smart contract technology that supports all sorts of application logic, through to providing layer-0 and layer-1 SDK technology that facilitates rapid building of new blockchains, and building layer-2 to solve problems that couldn't be solved with layer-1 technology, as well as bi-directional cross-chain technology.

However, other than promoting security, reliability and decentralization, there hasn't to-date been a single blockchain technology that can sufficiently meet the following requirements:

• massively parallel processing

• modularized and extensible

• customizable and configurable

Armonia's founding team believes it takes a multichain blockchain platform technology to achieve the above objectives, which can then service every individual and business user globally. It is also Armonia's founding team's belief that the to-be-built metaverse will be a truly decentralized, open and multi-chain universe which harbors users, assets, transactions and smart-contract based, mission-critical DApps.

Armonia Meta Chain (AMC) is a highly scalable public blockchain to empower a multi-chain universe. AMC Mainnet was launched in April 8, 2022 and has achieved:

• 10 M+ registered accounts on-chain

• 500 K+ downloads/installations of APLink wallet

• 10 K DAU

• 100 DAPPs

• 5 Dev DAOs (Genesis/APLink/Galaxy/MetaFan/BitOne)