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Achain’s fork theory is a bold attempt at gearing the current forking technique towards anend goal of technological innovation instead of just financial profiting.
It’s been less than a month since Achain introduced its Fork Theory at BlockShow Asia 2017. The project has recently released light-speed ABitcoin (ABTC) and the global cloud computing service token Acute Angle Coin (AAC).
Achain is the public Blockchain platform that allows users of any skill level to issue tokens, smart contracts, create applications and Blockchain systems. Its fork theory is a bold attempt at gearing the current forking technique towards an end goal of technological innovation instead of just financial profiting, lifting Blockchain industry from mutual exclusiveness onto the air of open collaborations. This system would require a process of requesting, approving and executing through mutual agreement of participants. The newly created sub-chain will have its consensus method, data storage and block capacity available for free customization.
On Nov. 23, Achain founder Tony Cui posted on BitcoinTalk Forum to unveil the basic framework of the freshly designed Fork Theory on chain-split. Cui’s purpose of this posting wasto gather public feedback in preparation for his keynote which was later presented at BlockShow Asia 2017.
The posting included several bullet points highlighting the main aspects of the theory. According to Cui, a development such as this is made necessary by the abiding concern of technical qualifications restricting Blockchain accessibility to mass commercial marketplaces. Tony Cui commented:
“How could new developers quickly develop secure Blockchain applications? And where could they even start to find their first customers?”
Inspired by the recent trends of Bitcoin forking, Cui’s theory proposed a coexistence of a main chain and several sub-chains derived from the main. The former is committed to the basic Blockchain infrastructure, while the latter could be customized to the various needs of their applications.
Achain’s Fork Theory is a company’s bold attempt at gearing the current forking technique towards an end goal of technological innovation instead of just financial profiting. To newdevelopers of future Blockchain applications, it solves the problem of their initial lack of customers, since the sub-chains inherit the reservoir of existing users directly from the mainchain database. Furthermore, it avoids disruptions of communications, as all information and value exchange will be shared among all chains following a universal VEP 1.0 (Value Exchange Protocol). Finally, the theory requires the type of forking - whether hard or soft - to be considered according to the scenarios required by each application and be voted on by the wide majority of the Achain community.
ABitcoin was forked at the height of 498888 at BTC on Dec. 12 and will initiate forking at 1498888 at ACT on Jan. 12, 2018. It inherits Achain's DPoS consensus algorithm and features light-speed contracts of mega-level TPS with 0.00001 USD transaction rate. Oriented to the technological future, ABitcoin strives to integrate concepts of AI, Big Data, game industry and the Internet of Things in Blockchain application and fully protect against quantum attacks by 2019.
Having improved the operation rate and network huff-and-puff movement performance of smart contract, ABitcoin represents a Blockchain+ platform that runs free of barrier. By the end of 2018, it will complete automatic discovery and organization of clusters to improve concurrency rates.
The smart contract platform will be launched in January 2018. BTC holders will obtain ABTC following a ratio of 1:100, and ACT holders following 1:1.
Acute Angle Cloud is a globally distributed IaaS platform. Its cloud computing service platform encompasses Acute Angle PC, Acute Angle Chain and IPFS system. The project plans to achieve its goal through Acute Angle Chain, Acute Angle Cloud 1.0 and Acute Angle Cloud 2.0.
Acute Angle PC was launched on its official website on Dec. 12th. It is a universal host based on IPFS P2P hypermedia protocol storage and Acute Angle Chain digital assets management. And it can formulate reward system for all the users according to smart contract. It significantly differs from Xunlei’s previously released device OneCloud. Acute Angle PC functions as a genuine PC, which means that mining will be automatically implemented once the users boot into the system. Its digital currency Acute Angle Coin can be gained through sharing idle disk space and bandwidth, providing its users with an efficient private mining experience.
Victor Gao, founder of Acute Angle Cloud, has 17 years of experience in PC, intelligent hardware product definition and development, supply chain production and brand marketingmanagement. He shows optimism of building with Achain a new ecosystem of the Blockchain community and promoting the advancement of human information technology in the service of society.
Achain’s Founder Tony Cui remarked that Blockchain has reshaped current business scenarios, removed unnecessary middleware and optimized the efficiency and cost of the entiretransaction. Achain's technical philosophy and structure root from the perspective of smart contracts, which neatly fits into the Acute Angle Cloud's program and vision.
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