Public Blockchain Achain entering into its Second Phase of Development, Community spirit running high
Achain’s Founder Tony Cui recently announced to the community through an open letter that they have successfully completed the Singularity phase (phase 1) of the Achain platform, and are fully ready to begin the next Phase.
Achievements from the Singularity Phase includes
- Stable and secure blockchain platform.
- Achieved high transaction throughput of volumes of 1000 T/s
- Developmental change:
- Highly efficient Developer Library
- Optimizations on the LVM (Lua Virtual Machine)
- Implementation of a 2-Layer cache to increase the transactions speed and integrity.
- Introduction Achain wallet for both developers and Lite users
- Contract optimizations
- Cross chain communications.
By successfully completing the Singularity Phase, Achain is all set to begin work on the Galaxy phase, which is the next phase in the Achain’s roadmap. As outlined on the whitepaper, Achain was set to begin the Galaxy Phase in Q2 2018, and Achain has become one of the few projects to actually stick with the timelines outlined in the whitepaper.
According to the whitepaper, in the Galaxy phase:
“Achain will split into multiple sub-chains to meet the specific needs of different applications in the real world, including in fields like insurance, e-documentation, cryptocurrency, record investigation and credit rating. This can be achieved through sub-chains within an interconnected, low-cost, user-friendly and customized blockchain network.”
Analysis of Achain’s Performance
Achain, one of the flagship projects in the Blockchain world has consistently delivered its promises. We have yet to see Achain miss a deadline drafted on the original Whitepaper. With the successful completion of the Galaxy Phase, Achain would have a ready-made blockchain platform for various industries and even individuals.
There are currently 112 contracts on the Achain network (as of 1st May 2018). Two of the major and popular DApps have also been written on the Achain Platform – PundiX and CryptoDogs ( a popular spinoff of the hugely popular CryptoKitties ).
Achain’s Community has also recently opened a new office in Silicon Valley, as a part of expanding the Achain’s community at the heart of the Tech culture. The Achain community recently ran an Ad on the world’s biggest street on Digital Advertisement – Times Square.
Recent Achievements of Achain
- Achain’s Token – ACT has officially entered the Indian Markets by getting listed on BitBNS.
- Achain has won the award for most valuable blockchain at Star Power Awards Ceremony in China.
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