The cryptocurrency market has exploded on a global scale in 2017 - the industry making tremendous progress in making itself a firm fixture in the mainstream modern life. Gone are those days when Bitcoin and other cryptocurrencies were seen as fringe ideas and currencies meant for fun to geeks, as the digital assets are now among the most sought-after commodities in the world. The industry has certainly exploded both in value and in the number of products, as there are currently over 1500 distinct currencies and tokens in circulation on the market with more expected to be coming online in the near future.
The blockchain technology which powers the rise in prominence of cryptocurrencies is among the most exciting fields of technology that is touted to change the way things are done in this century and in the times beyond. After being pioneered by Bitcoin, the blockchain technology has proven itself beyond reproach as it is the only known human invention which is resistant to any kind of sabotage or compromise as it cannot be corrupted by any single entity once put in play. The liberalization of the transfer of value from one region of the planet to another without the restriction of borders and without the need for any middleman is the key reason why the blockchain technology is now being replicated for applications in almost every sphere of life and business around the world.
Emerging Difficulties
Like every new technology, the blockchain also faces its own challenges and teething problems. Despite its tremendous impact so far, with much more in the pipeline in the time ahead, a number of problems have begun to manifest themselves which can potentially stifle if not completely stunt the adaptation of this revolutionary technology around the world. Despite the fact that cryptocurrencies are the object of frequent attacks from the present establishment from governments to the banking bigwigs, it is the internal problems the blockchain technology faces rather than the external ones that pose the greatest threats to its continued rise and even wider spread adoption in all corners of this planet.
Key among these problems is the fact that despite some gains in the past two or three years, developing a blockchain or decentralized app is still the exclusive forte of those with an extensive cash trove, that are able to finance their project from the get-go. Millions of extremely talented developers around the world are excluded from bringing their talents to the public as a result of the huge expenses and often complicated procedures before a decentralized application or an entire blockchain can be built.
In order to build a highly secure blockchain, developers often have to pay for huge data center facilities spread around the world before their adoption by the public take some of the burdens away. Apart from this, blockchain applications often come with tokens that are completely disjointed from one another and as such, people who subscribe to them often feel stranded holding tokens that most exchanges are not willing to trade on. Thus creating a liquidity issue that makes most ICO products flop as they are not given a level playing ground as the rest of the big names that have already established themselves.
Introducing the Asch Platform
Asch is a blockchain platform whose focus is not in producing the next altcoin or destabilize the present established banking industry, but an open source project whose focus is to give the blockchain technology the wings it needs to finally fulfill its boundless potentials. Asch is a whole new blockchain infrastructure that is built with the aim of liberalizing the area of creating and bringing online of blockchain-based applications. The platform offers developers - all over the world who have been previously denied the opportunity to showcase their talents and profit from it - the chance to develop their own kinds of applications based on the blockchain technology, and bring them to the public, with the promise of finding a fluid market for their creations from the very start.
Asch is whole new blockchain infrastructure upon which other decentralized apps with their own unique tokens and indices of operation can be built. It seeks to be the fertile ground for groundbreaking Dapps that use a side chain of the Asch platform. The highly intuitive Asch blockchain offers developers maximum security for their apps, and the flexibility to communicate and exchange value with other apps on the platform in a seamless and completely hassle-free manner.
Asch is the next-generation blockchain that is built with maximum flexibility for the developer and the people that eventually use their applications. It is tooled with cutting edge software development kits to aid bring the developers’ ideas to life and is built for maximum security, and unfettered interoperability of products on its platform. Asch’s goal is to shake things up and redefine the way the blockchain technology works, by making application development as accessible and as affordable for its users as can ever be imagined.
Features
The ASCH platform comes with a number of unique features that separate it from any other product or blockchain platform that so far exists. Some of these features include:
A Revolutionary Blockchain
The Asch platform is a revolutionary JavaScript based blockchain with a public chain - also known as its main-chain that makes up the basic infrastructure of the platform - and side chains for any number of Dapps based on the Asch platform. This is the foundation infrastructure upon which other applications (or side-chains) can be built by developers.
With the aid of this basic infrastructure, developers (after registering Meta information on the main chain) can go ahead with developing their distinct Decentralized Applications or DAPPs. What makes Asch distinct from other platforms that claim to offer infrastructure service is that from the ground up the Asch platform is built in such a way that developers have a guaranteed interoperability and exchange features with other Dapps that are created on the Asch platform. Unlike present systems, where the developers have to spend inordinate amounts of money in order to lobby big name exchanges to trade their tokens which will then give them access to a wider audience, the Asch platform eliminates this problem as assets built on its platform can be seamlessly routed and exchanged between one another, thus creating its own separate economy that does not rely solely on centralized powerful exchanges.
Asset management is also liberalized as developers who create multiple assets have a seamless single platform within which the manage their accounts and the flow of assets through them. Asch also offers flexibility beyond its own infrastructure, as developers can use their applications with other established blockchains, thus enhancing its reach to a global audience.
Software Development Kits (SDKs)
The other unique feature that sets the Asch platform apart from all other is the fact that it is a well-tooled platform that offers developers the maximum chance of success as they do not have to shell out on expensive and often inaccessible SDKs which they need to bring their vision to life. The SDK tools on the Asch platform offers its users with unfettered access to the tools they need to develop specific applications which can then be immediately deployed on the platform whose asset routing capability offers them an immediate audience and exchange market.
The Asch platform, unlike others such as Ethereum, is a much more flexible platform offering developers with app development skills in programming languages such as JavaScript with an infrastructure that allows them to develop products without having to learn other programming languages or use specific tools. One of the great points of criticism of the blockchain technology in its present state is the fact that only a very limited number of people can be said to be technically proficient in some of the programming languages that it users especially “Solidity” which is the Ethereum native programming language.
Asch breaks all barriers to developers all over the world as they can easily develop their applications with the basic JavaScript skills which are then backed up with an immutable and completely incorruptible ledger system that the blockchain technology guarantees. With the use of JavaScript developers have absolute control on the inner workings of their creations which the Solidity language of Ethereum, for example, denies its users.
Advantages of the Asch Platform Over Others
Among the countless advantages, the Asch platform comes with some that are way beyond what any other blockchain platform offers, including:
Very Low Cost: The whole idea behind the Asch platform is to make the inordinate costs of producing an effective Decentralized Application a thing of the past. The platform, unlike any other before it, finally makes the creation of blockchain based apps reachable to any developer with keen interest and a great product to deliver. With leveraging on the customization of gas tokens on the platform, ASCH offers its developers an effective way of bringing down the cost of their operations to the barest minimum.
Scalability: Unlike blockchains such as Bitcoin and Ethereum which are criticized for being behind their times as they struggle to keep up with widespread use, the Asch platform is one that is built with the capability of processing a whopping 1500 transactions per second, which translates to over 129 million every 24 hours, compared to just 4 transactions per second of Bitcoin and 12 for the Ethereum blockchain. The promise of the Asch platform to provide its users with a highly efficient and top performing platform comes with a highly scalable blockchain that is beyond the capability of many other platforms in the industry.
Operability: A great advantage the Asch platform comes with also has to do with its maximum operability which is the allowance of the use of JavaScript to develop apps on the platforms. The Asch platform is highly accessible, as millions if not tens of millions of developers around the world with basic programming language skills now have the platform with which they can showcase their talent to a global audience and take their dreams to the next level.
Flexibility: Applications that are built on the Asch platform have the ability to hold not just one but multiple tokens, and the application itself can be used on multiple chains on the Asch platform. This revolutionary flexibility is beyond what any blockchain based infrastructure platform has every thought of, or has in use presently.
Security: The Asch platform’s groundbreaking technology will be all for nothing if it is not well secured and if assets on its blockchain are left vulnerable. The Asch platform comes with multiple layers of security that ensures all asset transfers and payments done on its platform are only done by authorized persons. And in order to eliminate the spread of malware on its platform, the Asch platform has a Sandbox feature which automatically isolates and manages untrusted code that could potentially spread errors on the blockchain, an artificially intelligent on-platform malware control mechanism.
Conclusion
The blockchain technology has the potential to be used in virtually every single industry or sphere of business in the world. The key idea behind the blockchain technology is the democratization of the transfer of value around the world. But in its present form, without easy to adapt open source technologies, the blockchain technology might only go down the same path its predecessors have gone where a few powerful people and conglomerates control every vital service this intriguing technology can provide. This is why the Asch platform plays a vital role in this revolution. It is the guardian of the blockchain technology that will ensure that this empowering technology gets accessed by the maximum possible number of people which will, in turn, ensure that centralization never occurs. The Asch platform is one that solves problems that exist, such as scalability in a single swipe, and even foresees problems that have not yet fully manifest themselves at the same time. Asch is the next-generation blockchain that will empower millions of developers and offers those with skills and dreams with a level playing ground upon which they can breathe life into their various creations.
FULL DISCLOSURE: I am an active member of the Asch community and hold XAS coins myself.
Official website: https://www.asch.io/
English Whitepaper: http://asch-public.oss-cn-beijing.aliyuncs.com/asch.io/Asch-Whitepaper-en.pdf
Official forum: http://bbs.asch.io
FAQ: http://bbs.asch.io/topic/487/asch-faq
Github: https://github.com/AschPlatform
Online wallet: http://mainnet.asch.io/
Explorer: http://explorer.asch.io/
Markets:
https://www.chaoex.com
http://bit-z.com
https://www.kucoin.com
and many more: https://coinmarketcap.com/currencies/asch/#markets