Achain ($ACT) is a 3.0 blockchain and platform.
WHAT IS THE BLOCKCHAIN TECH AND HOW CAN YOU MAKE MONEY WITH IT
- General Blockchain definition (wikipedia): https://en.wikipedia.org/wiki/Blockchain
“A blockchain,[1][2][3] originally block chain,[4][5] is a continuously growing list of records, called blocks, which are linked and secured using cryptography.[1][6] Each block typically contains a hash pointer as a link to a previous block,[6] a timestamp and transaction data.[7] By design, blockchains are inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.[8] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.”
The blockchain technology allows to record any transaction in a secure (impossible to be hacked) and irreversible way. It is like a accounting records but registered on a P2P network.
It allows the transfer of money (cryptocurrency) and money incentive (getting paid in crypto tokens) for anything that could be shared trough a P2P network. Here are some of the endless examples: internet bandwidth, storage space, computer calculation power, SMS or mobile phone data…
It also allows companies to share profit or benefits maid in real world $$ from the use of a P2P network to the one that are sustaining the network. For example, a company could implement a P2P payment system and ask for transaction fees, and those fees would be distributed to the token holders like a dividend. All of this would be properly and safely recorded on the blockchain.
WHAT IS ACHAIN
Achain has its own token and is first a blockchain itself (P2P network). Achain is also a platform for developpers to easily implement and create their own blockchain. Achain owns a “tool” used by companies and coders who want to create their own blockchain or own cryptocurrency token for business purpose (Achain virtual machine). Once a blockchain (sub-chain) or token is created with the Achain virtual machine, it is automatically integrated and connected to the already existing Achain main Network. This creating a constant growing P2P Network.
HOW IS ACHAIN MAKING MONEY
For the companies to create a blockchain on Achain virtual machine (platform), they need to pay and buy $ACT tokens. Also when their new blockchain or app will be connected to ACT main Network, every future transactions fees collected by every of these apps will be distributed by $ACT token owners.
WHY IS ACHAIN SUPERIOR THAN THE OTHER NETWORKS AND PLATFORMS ($NEO $ETH $STRATIS $NEBL ETC. ) (fork, sub-chains theory)
Achain sub-chains and dapps have the capacity to emit smart contract like Etherum ($ETH value today 975$ USD) but Achain virtual machine allows codes to also emit complete new blockchain (by forking sub-chains) that are way more customizable than just a token. The interconnections of Achain network allow these forked blockchains to be linked to ACT main network like no other platform virtual machine is able to.
For a transaction to be recorded in the blockchain, there is a consensus (validation process) to be obtained by the users sustaining the network. Achain consensus method (RDPOS) is unique to its platform, is ecological (No POW needed) and faster then any other platform because it is adaptative.
Please refer to Achain whitepaper for more details about the consensus types and RDPOS superiority: https://www.achain.com/Achain%20Whitepaper%202.0_EN.pdf
ACHAIN FORKING PARTICULARITY FOR INVESTORS
Any company can emit a sub-chain from ACT main chain by forking it.
To allow companies to have a working network right from the start, many Achain holders WILL RECEIVE FREE FORKED COINS FROM MANY companies forking on Achain platform.
WHY THE INC. AND INVESTORS WILL WANT TO BE ON ACHAIN VS OTHER PLATFORM AND WHY YOU WOULD WANT TO OWN A PART OF THE NETWORK ($ACT)
Its superior tech base code (number of possible transaction/sec, consensus efficiency, superior number of language supported)
Forking Achain allows INC their own customizable blockchain
Forking allows ink to have their blockchain without having to write the whole base code. Makes it cheaper and faster than a ICO or starting from scratch.
Achain interconnected network allows companies to cooperate and share information on the same network.
ACT created a sand table simulation process that can implement 100% path coverage testing on the official public chain with zero cost.(Allows company to test before launching blockchain or tokens for free)
ACHAIN CONTRACTS (existing projects on their main network) UP TO NOW
- As of today Achain has signed 64 contracts with companies supported by well known angel investors, some of them being CEO of already NASDAQ LISTED COMPANIES. It’s more than any other platform except ETH. Please refer to this link for the list of contracts.
https://browser.achain.com/contract.html#/
MY PRICE PREDICTION AND POTENTIAL RETURN ON INVESTMENT FOR LONG TERM HODL
Last year only, the global market cap of crypto (blockchain tech) went 37x. The actual global market is constantly growing exponentially and future regulation should encourage big institutions and scared investors to invest in blockchain more.
If Achain achieve to grab some share of the market it could not only go 37x but it could go 8x (if it would catch $NEO (another Chinese network) market cap). For a total of 37x8 = 296 x in a year.
Achain could catch up with Etherum main network ($ETH) actual 96B market cap over a medium term of 1–2 years. I think it could because of its superior tech, bigger team (50 employees) and superior usefulness. It would be for a total of 37 (global market growth factor) x 96 (own market gain to be = to ETH )= 37 * 96 = 3552x ROI in a year or two.
Those predictions are even conservative because I’m not even calculating the value of the free forks (dividend) Achain’s planning to give to its $ACT owners and their potential exponential growing market cap.
1$ OR THE PRICE OF A COFFEE SPENT IN INVESTING IN $ACT COULD BRING YOU A 1–2 YEAR POTENTIAL ROI of 3552$ + THE FORK VALUE IF THE NETWORK IS WIDELY ADOPTED
WHERE CAN I BUY ACHAIN ($ACT)
If you liked my article I would gladly thank you to use my referral link to KuCoin exchange where Achain ($ACT) is listed. As of today, the referral bonus is stopped for now but if it would be implemented again it would definitely help me. If Achain ever gets listed on Binance there is also my referral link.
- Kucoin: https://www.kucoin.com/#/?r=7KNvf1
- Binance: https://www.binance.com/?ref=12316335
- Other exchanges: https://coinmarketcap.com/currencies/achain/#markets
WHERE AND HOW SHOULD YOU STORE ACHAIN
KCash wallet: iOS and Android
- www.kcash.com
guide: https://medium.com/@Kcashofficial/kcash-blockchain-wallet-for-ios-manual-883e046605b8
Achain main wallet: Windows
- www.achain.com
guide:https://www.achain.com/Achain_Wallet_User_Guide_171124_EN.pdf
DONATIONS AND TIPPS
ACT WALLET: ACTFFY6dmNp4qcopopHq4JiHpXi41KXyLtNB
ETH WALLET: 0xdab70471a78cda3817aa291834dfea5da14bd3a5
BTC WALLET: 1JvPgK1NKVvptqNaqXfYUgMxSdnxG3aiaM
THANK YOU IN ADVANCE TO ALL DONATORS ANT TIPPERS. MAY YOU SHARE THIS WISDOM WITH ALL YOUR LOVED ONES.
THANKS TO ACHAIN COMMUNITY, I KNOW YOU WILL MAKE THIS POST A SUCCESS.
MY TWITTER
Congratulations @andromedawlker! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
You published your First Post
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Congratulations @andromedawlker! You received a personal award!
Click here to view your Board
Congratulations @andromedawlker! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!