The cryptocurrencies market is going to be shaked, a new technology and ecosystem of services are entering in the party and nobody seems to notice.

But let’s go slowly. What is Achain? 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.”

So at the first look Achain is like Ethereum where people can build and deploy upon their assets (cryptocurrencies) and smart contracts, with the difference that Achain is faster, easier and more secure.

But what really elevates Achain is their fork theory: every time a new asset is issued you don’t simply plug it into the blockchain, you fork the main chain and create your own blockchain. This way you don’t create high congestion on the main chain but create different side chains where all communicate with each others. For the first time the fork is not made for speculation but for a real and useful use case.

See it like this, their infrastructure is divided in three parts as follows:

Singularity (the Achain) covers smart contract security and stability functioning as the testbed. Galaxy are the child chains spawned by forking Achain that can be customized for virtually any speciality use. As stated on the Achain website: :Achain splits into multiple sub-chains to meet the need for different applications in the reality, including insurance, e-documentation, cryptocurrency, record investigation, credit rating, and much more can be fulfilled by sub-chains within an interconnected, low-cost, user-friendly, and customized blockchain network.” Cosmos is the promise of interconnectivity between the forked child chains and also external chains not based on Achain network (ethereum, for example).

Scheme of Achain main blockchain connected to all forked blockchains

Every time there is a fork you get the quantity of the new created coin based on how much ACT coins you had during the snapshot. So think of it like an App store with it’s own coin where every time an app is published you get some coins of the new app, all the time. Cool right?

And it doesn’t stop here. Achain is a project that has been under development for the last 3 years. In those 3 years they didn’t only worked on Achain but they found partners and teams that already built more than 30 applications on it. Let’s look at some of them:

ABTC: Is a fork of BTC and ACT. It’s faster, fees all lower and will be used to communicate through Cosmos probably. We’ll see how that will work out.

https://www.abitcoin.one/ KCASH: An amazing wallet. Look their presentation video on the website, it will be something big in the future.

https://www.kcash.com/ Ourdax: An entire Exchange. No more words needed.

https://www.ourdax.com/ Acute Angle Cloud: A beautiful PC that you can use to mine. Very interesting.

https://www.ourdax.com/

And those are just 4 of 30 projects, all connected together in this ecosystem. It’s gona be HUGE.

There are also plenty of advantages also for developers. Now it will be really easy to code smart contracts, try them and release them. And the new forked cryptocurrencie somehow have an intrinsic value, like in nature. A very innovative concept.

References:

https://www.achain.com/