What is Achain?
Achain is a robust and secure blockchain platform which can be used to quickly deploy smart contracts and enterprise-class decentralized applications(DApp). This is a 3rd generation platform with high speed, security and scalability. The focus on ‘Fork’ capability makes it unique among other similar projects. Achain website says ’Achain is a public blockchain platform that enables developers of all levels of experience to issue tokens, smart contracts, create applications and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions’
Technical details and advantages over other platforms:
The most interesting feature of Achain, which sets it apart from other platforms, is its focus on ‘Fork’. Fork is a process of creating a new cryptocurrency based on the original cryptocurrency while adding unique features to new one based on requirement. After a period of time, multiple expected forking will generate a main-chain and a number of sub-chains. All chains will be completely equivalent in structure, but each sub-chain can be customized according to different applications needs. VEP (Value Exchange Protocol) will allow information sharing and value exchanges among these sub-chains forming a multi-application network on which the Achain eco-system will grow. Achain has successfully forked the ABTC in January 2018 to demonstrate its ‘Fork’ capability. Basically, Forking is a strength truly unleashed by AChain. Each coin holder will get a share of the forked coins after a fork goes through adding free coins to wallet.
Speed and scalability has been a consistence issue with major blockchain platforms. Achain utilizes a modified version of DPoS — RDPoS (Result-delegated Proof of Stake), to establish node consensus. RDPoS is a superior consensus system over PoW and DPoS. It allows all top 99 validators to participate in transaction verification. This mechanism improves the performance to 1'000 txs/sec (claimed by Achain).While most of the popular platforms are struggling with speed, Achain has addressed it efficiently.
Security is a primary concern among blockchain community with multiple breaches in recent times. Achain will utilise a ‘smart sandbox’ mechanism to address the security issue. Any released contracts will be test-run in the smart sandbox before being released. The network will automatically determine if the newly written contract qualifies to be uploaded to the Achain ecosystem. This will result in a more secure network.
Achain is also planning the incorporation of the online data of non-blockchain based events into the Achain ecosystem. It is planning to incorporate non-blockchain web events to blockchain using BaaS(Blockchain as a service) and VEP (Value Exchange Protocol).
Achain supports multiple programming languages including Lua, Java and C#. Java and C# have a vast pool of experienced developers which would make the adoption among developers community easier and efficient.
Achievements:
Unlike most of the cyptos with only future roadmaps, Achain has a working product. Achain has been around for several years and already has a thriving ecosystem. Over 30 DApps are built on Achain making it a market leader. At the time of writing, BOS is planned.It has successfully done a Fork for ABTC. Each Achain coin holder has received ABTC is 1:1 ratio. The transaction speed of 1000 TPS is a rarity in current market.
Roadmap:
Achain has a very well defined roadmap and currently on track for first milestone of 2018. The road map has been divided in below categories
1. Singularity:The first stage is to enhance the Achain network’s security and stability. Smart contracts, digital assets and sandbox simulations are made available through the methodology of modular design. This is targeted for Q1 of 2018.
2. Galaxy: In this phase Achain gets full ability to split into multiple sub-chains to meet the need for different applications including insurance, e-documentation, cryptocurrency, record investigation, credit rating etc. It is targeted for Q2 of 2018 and Achain has already demonstrated the forking capability in January 2018.
3.Cosmos: This is the phase to implement interconnectivity among sub-chains and also non-blockchain entities. The BaaS(Blockchain as a service) and VEP (Value Exchange Protocol) can interconnect main-chain with sub-chains and also the non-blockchain entities with Achain eco-system. All these features are to be fully implemented in Achain throughout 2018.
Risks and areas of improvement:
Achain has been around for several years with working product but is not very known among western investors. This keeps the platform mostly confined to Asia leaving a large chunk of investors out. I see this is changing in last 1 month or so, but a awareness is mostly lacking at this point. A good marketing and promotion is required.
Achain was platinum sponsor in BTC Miami conference recently. They regularly update the twitter and largely interact with the community in Telegram etc. They have also participated in different blockchain forums, conferences and have given interview in youtube. But full information and background of the team is not available on the website. This dissuades many potential investors in view of the recent scams. The information available in Youtube, Twitter etc are scattered and not well received. Achain team needs to figure a way to bring the team to front and generate confidence.
Achain as Investment:
I think, Achain is very much underrated at this point considering the technology and the future growth prospect. This has a working product and proven track record. Periodic incentive of forked coins will generate passive income for Longterm Holders (HODLers in crypto world).So, Its current market cap of 115 M at the time of writing is highly undervalued and has huge potential for growth. This is a very good long term investment with potential high ROI (easily 10x-20x) and periodic incentives.
Disclaimer:This is not a financial advice and is purely based on my own research on the project. Do your own research before investing in any project. Do not invest in Crypto if you can not sleep on it
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