What is Achain?
Achain (ACT) is a blockchain platform that allows developers of all levels to create decentralized applications (dApps), issue tokens, and build blockchain systems. The platform aims to build a global blockchain network that prioritizes safety, stability, and scalability to create an ecosystem where people are directly connected, trusted, collaborative, and value-driven under social consensuses. Achain operates on the Delegated Proof-of-Stake (dPoS) consensus mechanism, which makes it a user-friendly, low-cost, and customizable blockchain network.
The Achain network was created to resolve several issues that have been hindering the adoption of blockchain technology. One of these issues is security risks associated with smart contracts, which could lead to users losing their digital assets during hacker attacks. Another challenge is the lack of co-operation and interconnections of different blockchain platforms used in various fields of application. Achain addresses these challenges by using a smart sandbox mechanism to test-run released contracts and to determine if they qualify for uploading to the platform. Achain also allows data interaction between the blockchain system and outside networks.
Achain's applications involve supply chain finance, which allows businesses to extend their payment terms to their suppliers while allowing their large and small and medium-sized enterprise (SME) suppliers to get paid early. This approach facilitates enterprises and financial institutions in rebuilding a credit system to optimize the efficiency of supply chain finance.
The Achain ecosystem's native digital token is ACT, which provides holders access to all basic blockchain services, such as smart contract release and network dividing. The platform was founded by Tony Cui in 2015, who is also the founder of Goopal. Cui has been an early investor in blockchain and is an industry veteran.
In conclusion, Achain is a blockchain platform that allows developers of all levels to create decentralized applications, issue tokens, and build blockchain systems. Achain prioritizes safety, stability, and scalability in building a global blockchain network. It uses a smart sandbox mechanism to test-run released contracts and enables data interaction between the blockchain system and outside networks. ACT is the native digital token of the Achain ecosystem that provides access to all basic blockchain services.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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