Hi all,
Im Tony Cui from the Achain and I plan to present my recent theory on blockchains chain-split at our upcoming Blockshow on November 29. For now, I would like to share with you folks where my framework comes from and how the theory works- in just a couple of bullet points:
1. Our current elitist blockchain technology faces the challenge of opening up to the larger general communities. Creating new systems for various application purposes usually demands too much from new developers having just entered the game. How could they quickly develop secure blockchain applications? And where could they even start to find their first customers?
2. Keeping those questions in mind, we now look to the variety of newly derived forked cryptocurrencies in the market. Bitcoin Gold, for example. It is, of course, made for the goal of better profiting, but thats not enough. The blockchain industry can use the idea of forking to meeting a better end the end of innovation that can lower the standard of the technology to include participation of all.
3. This is how Achains Fork Theory functions: Achain splits into a main chain and several sub-chains. All information can be shared among all chains, and value can exchange freely in avoidingdisruptions of communications.
4. The main chain is committed to the basic blockchain infrastructure, while its sub-chains can be customized to the various needs of their applications.
5. Since the sub-chains are split from the main, they inherit the mains basic stable structure, which also contains all of the main chains existing users. This serves as the initial reservoir of users and solves the new developers concern of their insufficient customer markets.
6. We will update our smart contracts, announce the plan, and obtain the communitys general consensus. Different types of forking (whether soft fork or hard fork) will be implemented according to the need of specific applications.
7. We will provide a standardized Value Exchange Protocol and a detailed instruction to forking. Stay tuned!
Any thoughts/questions/advice? Looking forward to hearing them out!
Thanks for your attention.
Im Tony Cui from the Achain and I plan to present my recent theory on blockchains chain-split at our upcoming Blockshow on November 29. For now, I would like to share with you folks where my framework comes from and how the theory works- in just a couple of bullet points:
1. Our current elitist blockchain technology faces the challenge of opening up to the larger general communities. Creating new systems for various application purposes usually demands too much from new developers having just entered the game. How could they quickly develop secure blockchain applications? And where could they even start to find their first customers?
2. Keeping those questions in mind, we now look to the variety of newly derived forked cryptocurrencies in the market. Bitcoin Gold, for example. It is, of course, made for the goal of better profiting, but thats not enough. The blockchain industry can use the idea of forking to meeting a better end the end of innovation that can lower the standard of the technology to include participation of all.
3. This is how Achains Fork Theory functions: Achain splits into a main chain and several sub-chains. All information can be shared among all chains, and value can exchange freely in avoidingdisruptions of communications.
4. The main chain is committed to the basic blockchain infrastructure, while its sub-chains can be customized to the various needs of their applications.
5. Since the sub-chains are split from the main, they inherit the mains basic stable structure, which also contains all of the main chains existing users. This serves as the initial reservoir of users and solves the new developers concern of their insufficient customer markets.
6. We will update our smart contracts, announce the plan, and obtain the communitys general consensus. Different types of forking (whether soft fork or hard fork) will be implemented according to the need of specific applications.
7. We will provide a standardized Value Exchange Protocol and a detailed instruction to forking. Stay tuned!
Any thoughts/questions/advice? Looking forward to hearing them out!
Thanks for your attention.
Tony
Founder of Achain
Founder of Achain