Cointelegraph has been monitoring the ongoing BlockShow Asia conference, and several announcements have been made…
BlockShow Asia 2017: Achain Offers A Unifying Platform
8 months ago admin2 Comments Off on BlockShow Asia 2017: Achain Offers A Unifying Platform
As Blockshow Asia continues in Singapore, the Cointelegraph-powered event is bringing new technology into focus. With the many new forks and the risk for greater confusion regarding forking theory, keynote speaker Yuan Li from Achain presented a detailed explanation of where forking may evolve in the future, comparing Blockchain to Darwinian theory.
Achain, the public Blockchain platform that allows users of any skill level to issue tokens, smart contracts, create applications and Blockchain systems, has conceptualized a unifying Blockchain platform that will bring all together, and make forks more unified, rather than competitive. Achain is committed to building a global Blockchain network for information exchange and value transactions.
Achain’s partner Yuan Li is kicking off the keynote session of Blockshow Asia 2017 with a gripping presentation on Fork Theory. pic.twitter.com/8wpbhtvKoK
— AchainOfficial (@AchainOfficial) November 29, 2017
The Achain vision is to build a forking theory that is collaborative, rather than mutually exclusive. This system would require a process of requesting, approving and executing through mutual agreement of participants. Such a system would apply the democratic principle that forces all nodes to respond with feedback. According to Li:
“Information such as genius block, seed nodes, service identification and fork height will be taken to online in preparation of the forking. The newly created sub-chain will have its consensus method, data storage and block capacity available for free customization.”
The interconnectedness and sharing of information would be accomplished through Value Exchange Protocol (VEP). Achain’s vision is to move from their first iteration, Singularity, to their new version, Galaxy, by constructing a secure and stable foundation for the Blockchain network through smart contract and sandbox technologies.
Keep track of the news from the conference by following its live feed, as well as our own articles.