Achain (ACT) – is a huge blockchain platform that enables developers of all levels to issue tokens and creat smart contracts. Based out of China, The Achain team is committed to building a global blockchain network for the exchange of information and value transactions and has 300 people in its company, over 100 of which are developers. The company is small but it is obvious this company has huge potential as it is already thriving in China. They haven’t spent any money on marketing until now and have focused on their technology and that is what separates them from the rest. aChain was founded in 2015 and is older than NEO and Ethereum. Rather than creating hype and pumping their token, they have let things fall into place naturally and are now finally starting to get recognition.
aChain has a community of over 2 million in China. Many say that Chinese government does not support blockchain but that is not true. China supports the technology behind blockchain but does not support a specific platform. For the moment, while they have banned ICO’s for the public, the blockchain technology revolution is thriving.
AChain claims to have solved blockchains problem of scalability and now pushes upwards of 1,000 transactions per second. Achain completed an ICO in 2017 in which they raised 3,000 within 61 seconds and they have still not used any of these Bitcoins.
— Sovan Roy (@SovanRo41560147) May 25, 2018
Blockchain is currently being implemented and looked into by all industries: health, gaming, insurance, etc. With 1583 coins on the market right now, there claims to be a coin for everything and all of these platforms claim to be the best. aChain, through hard-forking, sets out to run everything on one network and use hard-forking as a means to solve scalability. No one has used hard forking as a means of scalability. Rather than putting every single app in the ecosystem on this one network, you hard-fork off into different networks.
Chain’s business director Dane Elliot participated the Blockchain Capability Conference earlier in May and delivered a speech on the advances this network has silently made on scalability. ACT was ranked first during the community voting on Indodax. The total votes gained by the ACT token was 3,481,156 with a whopping 1 million more votes than second place. Chain now has over 120 smart contracts running on its network, making it one of the most popular public blockchains in the world.
What is Achain
aChain is designed to build a boundless blockchain reality, building a public platform that lets developers issue tokens and apps and other blockchain systems. While Ethereum does this same function, it does not scale properly at this time. aChain is built from the ground up with scalability in mind. A global blockchain network on the scale of aChain will need some powerful technology to make it appealing to the masses. Developers will be able to ensure stability of their code without deploying it to the aChain main net directly.
Achain sets to challenge the dominance of other crypto platforms such as Ethereum, Neo, and Waves.
You can read further details about their project with my infographic submission.
— Emmanuel Acuña Jr. (@emmanmalaman) May 24, 2018
aChain proved the efficiency of its network with a peak transaction rate upwards of 1,000 transactions per second. It also eliminated a variety of bugs and errors in token transactions on the Achain blockchain. Like Tron (TRX), the Achain team optimized a virtual machine. They call this the Lua Virtual Machine (LVM). The LVM crafts a much smoother and more stable experience for the execution of contracts while also adding a 2-layer cache to deal with impending peak impacts. Additionally, they have implemented a multi-asset apparatus to further accelerate transaction speed, as well as set up a test environment for contracts development.
The platform also released a light and more convenient version of the Achain Wallet which doesn’t require local synchronization with the network – significantly speeding up usability when compared to the full client. The wallet’s transactions are conducted on pre-synchronized servers and are created, signed, and broadcast locally – safe and secure.
“The year 2018 is a turning point for Achain. Now we are transitioning from phase one Singularity to phase two Galaxy, where we will build a connected blockchain system that will empower corporations and individuals alike.”
Transaction Speeds Time CHaning
“Investors are now looking to cryptocurrencies as a great way to earn wealth overtime. Since 2017 began, the combined value of all cryptocurrencies jumped from less than $18 billion to as high as $836 billion just a week ago. We’re talking about an increase in value of more than 4,500% in about a 53-week span. It has, by comparison, taken the broad-based S&P 500 decades to deliver similar returns.” ACT Achain (ACT) has recently hit the $0.204 mark and is a small cap coin. Small cap coins are not to go unnoticed. At a current market capitalization of less than $100 million, aChain has a whole lot of room to grow. And because it has been around longer than Ethereum but focused its time in the background on scalability, we can expect it to run similarly if not more advanced.