Achain is a public blockchain platform enabling developers of all levels of experience to issue tokens, smart contracts, create applications and blockchain systems. Achain is committed to building a global blockchain network that facilitates information exchange and value transaction.
Achain was originally developed by the Singapore-based nonprofit organization, Achain Foundation, which is co-constructed and co-maintained by its fan communities around the world. At its early stage of development in 2015, Achain proposed its blueprints of technological innovations, including modular design and smart sandbox, which cultivates a more stable and secure network for decentralized applications on its platform.
As the blockchain technology made further advancement, Achain, in 2017, proposed its three-phase development plan of "Smart Contract Network", "Fork Network", and "Interconnected Network". Achain led the in-depth research and development of Sub-chain, BaaS, Event-Driven Mechanism and Safety Isolation.
2 What kind of consensus agreement is Achain using? Is ACT mineable?
Achain uses DPoS (Delegated Proof of Stake) consensus mechanism, which occupies less resource and then creates a Result-delegated Proof of Stake (hereinafter referred to as RDPoS) consensus mechanism. Under the same security situation, RDPoS provides better transaction performance of the entire network as well as other parameters of the network as a whole. Theoretically it has reached or even exceeded 1,000TPS (Transaction Per Second). Based on DPoS mechanism, ACT is not mineable.
The RDPoS is Achain’s unique consensus mechanism which inherits all the advantages of DPoS. Not only unnecessarily consuming redundant computing power to get a new block, but also the execution results of contract are able to be verified by agent node or all nodes alternatively, depending on the state of networks. RDPoS enhances the network transaction capability better than DPoS. Specially in that case of long-time execution or high-usage of storage, all nodes, not just the agent node take part in the verification.
The delegates are voted by the candidates who hold ACTs, the voting rights can be set up in Achain Wallet under the developer environment. Each delegate will be rewarded with 5 ACTs after creating a new block.
Each node can set up its own support account.
The number of votes calculated is based on the amount of transfer. Larger the amount, higher the number of tickets. Currently, if there's one vote or more, that is, one node supports 5 agents, and 5 agents own the share after 100 ACT votes have been transferred, thus increasing the share of 100 ACT.
For the same piece of asset when the next transfer happens, the last transfer of the voting will be empty and the latest transfer of the voting is effective. The agent seems to be adding a little bit of ticket to himself, but it's very small.
How does Achain achieve 1,000 TPS?
The RDPoS consensus mechanism provides way better transaction performance of the network compare to the others. In addition to that, Achain further increases the network speed by increasing block capacity, reducing interval of block generation and optimizing code for higher efficiency.
What kind of programing language does Achain support？
Achain provides a tool called IDE for anyone to release smart contract on Achain, which can be found in Achain Wallet application. At present, it only supports Lua programming language, and we plan to add more languages like Java, Python, Go, etc. Java will be available in 2018.
What is Achain's development plan?
We had released the three-phase development plan of Singularity - "Smart Contract Network", Galaxy - "Fork Network", and Cosmos - "Interconnected Network".
The first stage is to enhance the Achain network's security and stability. Smart contracts, digital assets, and sandbox simulations are made available through the methodology of modular design. Sandbox can automatically test and monitor the environment where the newly created smart contracts operate. Thereby they ensure that those contracts run stable and safely within the Achain network.
Achain is now at Galaxy stage where it splits into multiple sub-chains to meet the need for different applications in the reality, including insurance, e-documentation, cryptocurrency, record investigation, credit rating, and much more can be fulfilled by sub-chains within an interconnected, low-cost, user-friendly, and customized blockchain network.
What's the reason behind the creation of this ABTC fork
- There’s a competition of BTC forking. As we have the technology on blockchain and we have a strong technical team, therefore we hope to compete with others in technology for blockchain forking.
- Forking is a certain demand of many users. Before we forked ABTC, there’s a concept of forking. ABTC forking is one of our technical trials.
- ABTC combines the best of Bitcoin and Achain. It’s one of the greatest technical innovations for Achain.
Who created ABTC?
ABTC was jointly established by Mr. Aqua Zhao, Mr. Arthur Qiang and a group of technophiles.
Who will manage ABTC?
ABTC operates by the community members and its tech team who offers technical support.
Will ABTC be a separate entity?
ABTC is independent from Achain and it is charged by ABTC team.
Who are the Devs for this ABTC?
Mr. Arthur Qiang is responsible for developing ABTC. He’s the core developer and senior architect. And he graduated from Jilin University, and specialized in computer and software
In 2018, Achain plans to explore various business applications with the help of Blockchain Technology. Increasing the block volume, we can achieve financial transactions by modifying the data structure and also create another for document storage
Achain's full list of Contracts and DApps as of 30/01/2017
Number of Accounts 130,329
Number of Contracts and DApps 69
Name Type ID Total Supply Registration Time
CIM_Coin COIN_CIM CONFb4gJfFj9ctrnhLC86MAaKS6nLFAVAdzS 1000000000 2018-01-25 07:22:10
OLC_Coin COIN_OLC CONJD2jndQAjNbDWWYmr8r2MdKeUhrARuDYL 2400000000 2018-01-25 07:22:10
GYM_Chain_Coin COIN_GCC CONAe7tZgyim1dYcUHu2dh64uhCMTzhGqnN3 1500000000 2018-01-25 07:22:10
GHC_Coin COIN_GHC CONQHu9rW3Z9KMjzs3pr9DxcRkQCVQdnbGVf 1000000000 2018-01-25 07:22:10
Credit_Tag_Coin COIN_CTC CON6BoaAdW3KdrifatptCmzSP22se5jyaH2G 10000000000 2018-01-22 02:38:50
ARTS_Coin COIN_ARTS CON73xk16ETk4YTBRztyvXgu3cTVYKd6eZc1 1000000000 2018-01-15 09:37:50
WeatherBlock COIN_WXB CONGJNdjnAFEnvbvW8SicjmfbYAVMdnxuXPX 1000000000 2018-01-15 09:35:40
Social_Lending_Token COIN_SLT CONM9oiDPH11gDwQp7F5SxHtApyPjwKKDpji 10000000000 2018-01-15 09:32:20
SMC_Fortune_One COIN_SMCF1 CONEtJYBzQYGiSQvFDERZBcSHR8xKztag1zU 10000000 2018-01-15 09:30:20
Smartshare COIN_SSP CON5vcYq8zGG2LXzpLsYetMXRpthAD4iasAN 10000000000 2018-01-15 09:26:50
BitCoin_OS COIN_BOS CON6fwk24SzQ6UfpzbRYgHCjAX76GUezVvzz 210000000 2018-01-09 01:44:30
NEWCOIN_GAME COIN_NCG CONHNHPnwBvJ1RRHwtcXvMStqvF3sneu6qan 1000000000 2018-01-08 09:52:30
BIYONG_Coin COIN_BIYONG CONJUsz8YBVzDyQzKcrD7RYEVr77st4Uuywv 100000000000 2018-01-08 08:38:20
Dog COMMON CONFA2si9J1sjeQT7inqZjv99DWZ9iSbS2oL -- 2017-12-29 05:53:20
Dogs COMMON CONG86puGrRUsTLTKpZtcH2Uk5SJwJChmLaB -- 2017-12-29 01:07:10
CryptoDogs COMMON CONE4QqgH5r8K1RsbLXaaNMQcUFCYo7kN9cV -- 2017-12-28 11:10:40
cryptodogs COMMON CON3yzGh3UFGL6CQdvDNvW41z2eQjPtv8LMK -- 2017-12-27 16:12:50
ALL_Official COIN_ALL CONKrc65knM3R5qvYq7PzKCZskYh3bWkpEPc 443317498114 2017-12-26 09:27:30
NBF_Coin COIN_NBF CON5PdwZfrhKnXc7xNUYYtHSvAt7xJi5aGw5 0 2017-12-26 09:24:00
Vancoin_A COIN_VCA CON2Z3UMLxeh4QXXS9aKReZH62zKTJpfYjfT 200000000 2017-12-25 05:49:20
Name Type ID Total Supply Registration Time
ABitcoin COIN_ABTC CONRLa5aC72U8XzvJLMnoAfGNz6Kpf7bbFV 3200000000 2017-12-21 08:17:40
SelfSell_Coin COIN_SSC CON2y2LXMjmzqu3XdtHhV55dNjYoHeCagFaS 1000000000 2017-12-08 08:22:20
KCASH_KcashOfficial COIN_KCASH COND41iays8576giHf6M6Yox1DiBrDmgVyzJ 1000000000 2017-12-08 06:05:30
AUD_COIN COIN_AUC CONNn2pcXA3ZVqnBSfusV2kguqPFtC1KjPsR 10000000000 2017-11-28 10:32:40
ACT_Reward COMMON CONE8Jjh6bA1J5AcDhFrSNv7faH5aSYWin7k -- 2017-11-21 11:05:40
USD_COIN COIN_USC CON92cJUVM6qS9qp1ihnJB5DJrf1pP9F2fSB 2156120.37 2017-11-06 12:04:40
COIN_BTC COIN_CBTC CON9fscigW428HTQLi4pSNx4ynWMgdDbWyY6 1001 2017-11-06 11:53:30
EDT_ECOLOGY_DIGITAL_TOKEN COIN_EDT CONGGvwHAjMH6gzcFRYygXCobui2HYabnGvQ 500000000 2017-09-29 02:27:50
ZLT_ZhongLianToken COIN_ZLT CONFnNbBoUgkGB3GKE1EvNtvZSEAzsXExmEV 500000000 2017-09-12 03:33:50
MDT_MineralDigitalToken COIN_MDT CONFitogLLzdsRHPZYaCxA7kaG4mJwtDShzF 892857143 2017-09-12 03:33:50
BIT_BlockchainIndustrialToken COIN_BIT CON5Qg51enT5KqRRMMkmdUJzHESryuGvb7T7 588235295 2017-09-12 03:33:50
BSC_BlackstoneBlockchain COIN_BSC CON57ucNVXMqPpdiBiVC72gTLJao4CobmMNy 400000000 2017-09-05 08:14:40
LET_LinkEyeOfficial COIN_LET CONDuPQkPuKqD5NM2XwHJCjnZiiTs2GAJDLB 1000000000 2017-09-04 09:31:50
SMC_SimonsChainOfficial COIN_SMC CON2W6PbuBrGcB3EGFTK81sDfJmrMUTyXqta 1000000000 2017-09-02 09:14:40
Please find here the Achain's ACT Trading platforms:
- https://www.ourdax.com/hk/
- https://www.allcoin.com
- https://www.okex.com
- https://www.kucoin.com
- https://www.coolcoin.com/?lang=en_US
- https://www.uncoinex.com
- https://guibit.com
- http://www.prdae.com
- http://www.amexch.com
- http://www.kex.com
- http://www.bitehaiwai.com
A major South Korean exchange will soon list Achain too,, more Detail and dates to be Announced
Achain's tweet of Korean Exchange
https://twitter.com/AchainOfficial/status/956368218389594112
- AchainOfficial
Achain will soon be listed on "HITBTC Exchange" date to be Announced!
Hitbtc official Announcement
https://blog.hitbtc.com/achain-building-a-boundless-blockchain-reality/
Follow Achain Blockchain
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