ACHAIN (things you need to know)

WHAT IS ACHAIN?

Achain is a decentralized public blockchain platform dedicated to building a global network of blockchain systems that provide information, value and trust interchange. Its brand philosophy and technical mission are to build an unbounded blockchain world. Developed by the Singapore-based non-profit Achain Foundation, the project is co-maintained and updated by fans all over the world.

Achain originated in 2015, and at the beginning of its creation, Achain made innovations in modular design and smart sandbox technically to ensure that blockchain applications operating on the platform are more stable and secure. Developers use the Achain platform to publish tokens, smart contracts and blockchain systems more safely and quickly.
Faced with the ever-evolving needs of the blockchain, in order to "build an unblocked blockchain world" more quickly, Achain in 2017 creatively put forward the concept of "free fission and platform sharing" and launched the "Contract Network - Bifurcation Network - Interworking Network "and took the lead in developing the sub-chain, BaaS, security isolation and Event-Driven mechanism.

2014.05 Team formation project started
2015.05 Developed RDPOS blockchain
2015.07 Commercialization of blockchain officially started
2016.06 Developed intelligent contract-based virtual container 2016.08 LUA smart contract sandbox mechanism, event mechanism
2016.12 Received the First Prize of Innovation and Application in the Final of China's Blockchain Innovation and Application Contest
2016.12 Cui Meng, founder of Achain, ranks among the startups under 30 years of age
2017.05 First Prize in the First China Blockchain Development Competition
2017.05 Cui Meng, Founder of Achain, Appraised Zhongguancun "Star of the Future of Entrepreneurship in 2016"
2017.06 Achain publishes technical and commercial white papers
2017.07 On-line visual intelligent contract development tools
2017.07 Achain won the Most Growth Value Award of the 6th China Financial Summit
2017.07 Achain main online
2017.08 Online Simons Chain, Linkeye and other digital assets
2017.08 Achain Tokens ACT Initial Exchange
2017.09 Officially open source on Github
2017.11 Achain has reached strategic cooperation with iCenter and the Chinese community of Android Studio at Tsinghua University
2017.11 Achain Eco visits valley of Switzerland
2017.11 Achain Releases Bifurcation Theory at Blockshow Asia
2017.12 First Application of Achain Bifurcation Theory to Produce ABTC Blockchain Based on RDPOS Consensus Mechanism
2017.12 The blockchain game "dongle" is based on Achain
2017.12 Achain community members exceeded 2 million
2018.01 On-line fire Pro, OKEx, Kucoin and other large exchanges
2018.01 ATP1.0 is released and is supported by Coin and OKex Exchanges
2018.01 Achain Debuts North American Bitcoin Summit
2018.02 COINNEST lists Achain

ACHIEVEMENTS

28 assets
28 digital assets have been released
Upcoming more than 50 cooperation projects

68 smart contracts
68 smart contracts have been run

China block chain technology competition first prize
In 2016 won the first session of China's block chain innovation and application contest the first prize of innovation and application
In 2017, it won the first prize of the first China blockchain development contest
2 million community members
From more than 30 countries and regions
Over 2 million community volunteers and code contributors

TECHNICAL ADVANTAGES

Innovative Distributed Consensus Mechanism - RDPOS
Based on the DPOS Consensus Mechanism, Achain added a new R-Result link. When DPOS is running, it compares the execution contract of the proxy node with the execution contract of the production node, and determines who made the block. RDPOS then decides whether to execute the smart contract using proxy authentication or whether the whole node validates the execution of a smart contract based on the status of the block node's then-packaged result transaction, such as the time required to complete the verification.

1000TPS trading performance on the chain
The blockchain transaction rate is TPS (Transaction Per Second) transactions, Achain transaction rate of up to 1000TPS, higher than most blockchains on the market.

Sandbox mechanism

Achain provides a sandbox simulation mechanism that simulates Achain's blockchain environment locally. Smart contract into the sandbox simulator, you can simulate the use of Achain all the features. Through the sandbox, developers can quickly verify the contract. Build a contract simulator locally to test the contract and avoid contractual loopholes. When the simulator is successfully debugged, it is formally put on the chain. This reduces the chances of a wrong contract winding and reduces the cost of commissioning a contract.

VEP

Value Exchange Protocol, Value Exchange Protocol (also known as cross-gateway), Achain with other norms in accordance with the transmission of information between the blockchain, chainchain between the shared read access to information, so as to avoid each block Chain becomes an island of information. After using this protocol at the same time, the fork information of the Achain sub-chains can be shared synchronously. For example, an individual's credit information on the Achain Credit Chain can be shared with the same individual information on the Achain transaction chain, and when the transaction is made in real life, the information is called up in one go without having to separately access the two chains.

Modular design

Achain introduced a modular design of traditional products and encouraged developers in the community to participate in the development of modules such as code to achieve different functions. Each module as a block product, the more rich the module to reduce the degree of coupling in each system to increase stability and scalability, "stacked up" from the new smart contract easier. In addition, the modular design, each module problems, easier to repair, the overall performance of the integrated design than the lower. Such as the separation of the LVM virtual machine from the Achain blockchain, the virtual machine is dedicated to executing smart contracts.

BaaS

Blockchain as a Service (BaaS) is the original intention of Achain was founded, for the majority of developers to solve the technical threshold, high cost problems, developers can use Achain to develop their own blockchain applications. As a public chain, Achain's application scenarios are very broad. Such as white list records in social credit reporting, accounting records in commodity transactions, and the prevention of double payments in the financial system (the same payments are paid twice).

Bifurcation theory

Achain bifurcation theory was first proposed by Achain founder Cui Meng on well-known blockchain community BitcoinTalk, and then gradually improved by the Achain team.

As non-blockchain industry developers from scratch to build the blockchain cost and technical threshold is very high, and there is security, access to initial users and other difficult issues. The Achain team leverages blockchain forking innovation to provide users with quality blockchain services. Achain bifurcation, by modifying the block interval, data structure or even consensus mechanism, the original one is divided into two or more chains. The new chain will inherit all the data and user resources of the former Achain. With the bifurcation technology, Achain new fork chain can be adjusted according to their own application scenarios and adaptation, and ultimately to provide users with customized blockchain network services. As a result, the Achain team constructed a blueprint for the ecological development of Achain Bifurcated Networks, a three-step "singularity-galaxy-universe."

"Singularity" is the first step in the Achain blockchain ecosystem, where Achain is called the "contract network." Smart contracts can be executed on the "contract network." It has decentralized blockchain attributes, consensus mechanisms, smart contracts for book distribution techniques, and more. On this basis, Achain also added the LVM virtual machine and smart sandbox. LVM virtual machines enforce smart contracts and do not jeopardize other running contracts in the blockchain if problems arise with smart contracts. The smart sandbox can simulate the chain environment. As a result, smart contracts can be tested prior to winding up, improving contract execution efficiency and avoiding problematic code blockchain networks to create a stable, secure blockchain network.

"Galaxy" is the second step in the Achain blockchain ecosystem. At this stage, Achain passed the VEP. Achain can form a forked chain network through bifurcation techniques. All bifurcation is done under the value exchange agreement (VEP). At this point, the various branches of the fork chain can find each other, for the future value of the fork between the chain to create the basis for exchange. In ensuring information security at the same time, access to multi-scene application capabilities. In this way, Achain can provide blockchain and services (Baas), users can provide blockchain as long as the application requirements, Achain can in a very short period of time to create a new forkchain.

The Universe is a truly mature state of Achain's ecological network - a comprehensive "network of intercommunications." The exchange of value may occur for all entities (businesses or individuals) carried on top of Achain (including each chain). The sharing of information in this stage will be further enhanced, and non-blockchain technologies such as IOT and AI in the physical world can also be integrated into the Achain ecosystem. When Achain can do real-time event interaction (Real Time Interaction), the real world and Achain seamlessly connected. In real life, events are recorded in the blockchain, and the information entered in the blockchain also gives feedback on the behavior of people in real life. Achain's practical application scenarios include but are not limited to traffic law enforcement, medical information entry and asset transaction records, and the efficiency of collaboration across society will be improved.


Currently Achain tokens have been on the line OKEx, fire coins, Kucoin, COINNEST, and other major exchanges.