News Achain Offers A Unifying Platform

Achain Offers A Unifying Platform

-

- Advertisment -

As Blockshow Asia continues in Singapore, the Cointelegraph-powered event is bringing new technology into focus. With the many new forks and the risk for greater confusion regarding forking theory, keynote speaker Yuan Li from Achain presented a detailed explanation of where forking may evolve in the future, comparing Blockchain to Darwinian theory.

Achain, the public Blockchain platform that allows users of any skill level to issue tokens, smart contracts, create applications and Blockchain systems, has conceptualized a unifying Blockchain platform that will bring all together, and make forks more unified, rather than competitive. Achain is committed to building a global Blockchain network for information exchange and value transactions.

Achain’s vision

The Achain vision is to build a forking theory that is collaborative, rather than mutually exclusive. This system would require a  process of requesting, approving and executing through mutual agreement of participants. Such a system would apply the democratic principle that forces all nodes to respond with feedback. According to Li:

“Information such as genius block, seed nodes, service identification and fork height will be taken to online in preparation of the forking. The newly created sub-chain will have its consensus method, data storage and block capacity available for free customization.”

The interconnectedness and sharing of information would be accomplished through Value Exchange Protocol (VEP). Achain’s vision is to move from their first iteration, Singularity, to their new version, Galaxy, by constructing a secure and stable foundation for the Blockchain network through smart contract and sandbox technologies.

Keep track of the news from the conference by following its live feed, as well as our own articles.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Facebook’s Digital Wallet Name is Changing – From Calibra becomes Novi

The renaming of its digital wallet, from Calibra to Novi, was decided by Facebook, almost a year...

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything other than bitcoin. According to experts, the main reasons are...

To Kill A Dragon – How To Build An Honest Alternative To Sharing Economy Industry

The sharing economy is big business. Platforms like AirBnB, Uber, WeWork, Upwork, and others in the industry...

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...
- Advertisement -Achain Offers A Unifying Platform

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

Must read

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything...
- Advertisement -

You might also likeRELATED
Recommended to you