What is Akroma?

Akroma is an EVM based application development platform (smart-contracts). Akroma will utilize a Masternode system, and build out an Oracle platform.

What is Akroma (technical)?

Akroma is a fork of the Ethereum code with small changes being added to support the concept of Masternodes and a stable governance model via the Akroma Foundation. Akroma inherits all of the features of Ethereum and will merge in upstream changes from the Ethereum go-lang client.

Is Akroma the next Ethereum?

No. The next Ethereum is Ethereum. Akroma is adding components to an Ethereum derived code base with our specific goals.

What makes Akroma unique?

From a feature standpoint, Akroma is similar to many different projects — especially those that include Masternodes, provide an EVM compatible development platform and are a fork of Ethereum. From a goals standpoint, Akroma is focused on design, usability, adoption, application development, and oracles. We believe that these are underrepresented qualities in the current crypto network offering.

Why is Akroma needed?

Akroma is the platform that the Akroma team needs for building applications. You might not need it.

Background: I have been working with multiple startups on projects that include some connection to a decentralized platform such as Ethereum and undoubtedly when we get to the stage about deciding what platform to build on the conversation turns to gas price, CryptoKitties, and Ethereum scaling in general.

We looked at alternate solutions, alternate public networks, using private networks but decided that since we have a need, a team of developers, and the need for some adjustments (oracles, software focus on non-crypto consumer), we created the Akroma network.

We believe that these adjustments, and team offer a compelling platform and, as such, made Akroma public. We hope that you can use the Akroma platform along with us.

Is Akroma the next [insert project here]?

Nope.

Is Akroma better than [insert project here]?

Nope. They are doing something different…or maybe the same. Either way, we wish them luck.

Where is the Akroma whitepaper?

T̸h̸e̸r̸e̸ ̸i̸s̸n̸’̸t̸ ̸a̸n̸d̸ ̸w̸o̸n̸’̸t̸ ̸b̸e̸ ̸a̸n̸ ̸A̸k̸r̸o̸m̸a̸ ̸w̸h̸i̸t̸e̸p̸a̸p̸e̸r̸.̸ ̸T̸h̸e̸ ̸A̸k̸r̸o̸m̸a̸ ̸t̸e̸a̸m̸ ̸h̸a̸s̸ ̸o̸u̸t̸l̸i̸n̸e̸d̸ ̸t̸h̸e̸ ̸g̸o̸a̸l̸s̸ ̸o̸f̸ ̸t̸h̸e̸ ̸A̸k̸r̸o̸m̸a̸ ̸p̸r̸o̸j̸e̸c̸t̸ ̸o̸n̸ ̸t̸h̸e̸ ̸w̸e̸b̸s̸i̸t̸e̸ ̸a̸n̸d̸ ̸b̸l̸o̸g̸ ̸p̸o̸s̸t̸s̸.̸

To provide a single place to read about the vision that the Akroma core team will be working towards, the Akroma team created a whitepaper.

You can also download the whitepaper from akroma.io

Where is the Akroma roadmap?

A long-term road-map will be published March 1st. Until then we are working on:

Website launch (complete)

Web wallet (complete)

Main net (complete)

Explorer rebuild [UI/UX] (in progress)

Mobile app [android] (beta testing, est Q1)

Masternode Platform (in development, est Q1)

Mobile app [iOS] (in development, est Q1)

Exchange listing (in progress, est Q1)

Akroma Foundation (in progress, est Q1)

Desktop wallets (TBD)

Hard fork already?

Yes, Akroma will be forking to adjust the block reward to support the Masternodes. Also, since Akroma uses the Ethereum Byzantium consensus rules that means that the Akroma code also includes the difficulty bomb, so we can expect at least 1 more network upgrade in 2018.

What are Masternodes?

Special transaction validators that help protect the health of a decentralized network. The more nodes a cryptocurrency network has, the more tamper and denial-of-service proof the network becomes. Akroma Masternodes provide their value simply by being on the network, across the world, and relaying transactions.

With non-Masternode networks, the incentive to run a node is bundled with the incentive to run a Miner. This creates a problem in the form of centralization when only large Miner farms are running nodes. Akroma decoupled the incentive to run a full node from running a Miner by designing a system where those that run a Masternode are rewarded with AKA. Unlike mining, there are no special hardware requirements to run a Masternode.

What algorithm does Akroma use?

Akroma and Ethereum use Ethash consensus algorithm. You can read more about Ethash on the Ethereum wiki: https://github.com/ethereum/wiki/wiki/Ethash

What are the block rewards?

The current block reward is a 9/1 split between miners and the Akroma Foundation but at block 300,000, via a hard-fork, the block reward will be adjusted to 7/2/1 of Miners/Masternodes/Foundation. As with Ethereum, the health of the network will be monitored and block rewards could be adjusted.

What is AKA used for?

Just like Ethereum and ether, Akroma has AKA that is used for executing smart contracts and rewarding miners for building the blockchain. Unlike Ethereum, AKA is used for rewarding Akroma Masternodes and funding the Akroma Foundation.

What is the Akroma Foundation?

The core Akroma team is in the process of setting up a legal entity, the Akroma Foundation, for managing and overseeing the health of the Akroma network.

Is the Akroma Foundation a non-profit?

It is the core Akroma team’s goal to setup the Akroma Foundation as a not-for-profit legal entity.

The core Akroma team has already turned down investment that would require setting up the Akroma Foundation as a for-profit legal entity, unless there is a “black swan” event, the Akroma Foundation will be non-profit.

Total Supply?

The total supply is posted as 100M. This is because Akroma is following the Ethereum model and keeping an eye on the total supply and the health of the network and adjusting as required.

Current design is also similar to Ethereum with a rough target of 100M AKA. Unlike Ethereum, the 100M will not be generated via the genesis block allocation. We feel that without millions of AKA being created from the genesis block, we create an economic model that requires the core Akroma team and the Akroma Foundation to build and maintain a healthy network.

The first year, approx 31M AKA will be mined, there will also be a required hard-fork that will very likely include block-reward adjustments. In the next few months, the Akroma Foundation will be monitoring the supply and the health of the network to make decisions on the block reward and how it will affect supply.

While it’s too early to present exact numbers, here is a quick example: current reward is 7/2/1, next year the reward might be 5/1/.25.

Related: Information on how Ethereum has decided to proceed can be found here: https://github.com/ethereum/EIPs/pull/669

Circulating Supply?

Block height * 10, you can find the current block height here: https://stats.akroma.io/

How did people find out about Akroma?

All of the Akroma development has been done in the public, this includes our website, GitHub and Medium postings.

Why was there not a post in the bitcointalk ANN forum first?

The value of bitcointalk and the announcement forum has for the success of crypto related projects can’t be understated. For those crypto projects to grow into the mass market, we need to continue to grow the entire ecosystem. Medium, Github and Twitter are well known homes for many crypto related projects. As such, the Akroma team chose to make their first post on Medium, post the source on Github, and post a few tweets on Twitter. An anonymous person spread the Akroma information from these public sources to 4chan which opened the floodgates into our Discord.

As people flooded Discord and pointed Nicehash at the network, the Akroma team knew we were now in a catch-22 situation. If we reset the mainnet, we will get backlash from the community for having reset a network after people spent resources (USD, BTC, energy, etc) on it. If we wait to post our ANN, we will receive backlash for not posting early enough. We ultimately decided, since the chain was still in its infancy and people invested in our network, to choose the former and hold off on our ANN until our website and key network decisions was in better shape.

Since it was not posted on bitcointalk first, are you going to reset the chain?

No.

What exchanges trade AKA?

As with most crypto projects, there is a lot of attention and we’d love have an exchange list Akroma without our involvement.

However, the Akroma team is in the process of contacting exchanges to have Akroma listed. We hope the process is simple and quick.

Will there be a pre-sale of Masternodes or funding event for the first exchange listing?

There is no plan to do a pre-sale of Masternodes or funding event for the first exchange listing. The Akroma Foundation is planning on funding the initial exchange listing.

Akroma is a scamcoin!

That is not a question. We put our ACTUAL bios on the site. Oh, man! We failed at scamming. We guess we just need to keep building and shipping software.

Why do we need Akroma when X exists?

Competition is healthy, we need Akroma, you might not need Akroma. Especially if you are not a developer or an early adopter of dApps. However, if you are a developer of dApps, you might consider building your dApp on Akroma….we are.

Why is there no trade channel in the official discord?

There is no trade channel in the official discord because the official discord is a tool that is used for development. We don’t ban trading from our discord, but feel it is more valuable to Akroma and the core developers to be working on the platform and ecosystem than acting as escrow between community members.

WTB/WTS posts in #general are not discouraged, just please handle the transactions yourself without interrupting the core team. Constant spamming, however, will result in a warning and possibly a ban if you continue to spam after the warning.

http://heeris.id.au/2013/this-is-why-you-shouldnt-interrupt-a-programmer/

How much AKA is required to run a Masternode?

The goal of the Masternode system is to increase the level of decentralization within the network. The number of AKA required to run a Masternode could adjust over time. As the Akroma Foundation monitors the health of the network the requirements for new Masternodes could go up or down. There will be a specific post about the Masternode system on Feb 16th, that will provide more details.

What is the required AKA for a masternode?

A minimum of 5000 AKA

5000 AKA Minimum?

A healthy network is of the utmost importance to anyone working with any decentralized system. We use the word “minimum” because, as we build, monitor and support the Masternode system, we might consider a tier system.

How do I setup a Masternode?

The Masternode system is currently in design/development and is expected to be complete within Q1 2018. There will be a specific post about the Masternode system on Feb 16th, that will provide more details.

When will Masternodes be ready?

We are targeting Q1 for a beta program on the main network. There will be a specific post about the Masternode system on Feb 16th, that will provide more details.

When the total supply of AKA is mined, what incentives remain for MasterNodes?

By that time, the Oracle network, which will sit on top of Masternodes should have it’s own incentive model developed.

How can I mine AKA?

Akroma is a fork of Ethereum, you can mine it just as you would Ethereum.

Note: the current akroma.io does not have the list of pools, for now please check: https://minerpool.net/pools/akroma/ for a list of pools.

Can I mine AKA with Nicehash?

Yes. Select “daggerhashimoto” as the algorithm in Nicehash.

When will AKA be listed on an exchange?

The Akroma Foundation is working on exchange listing now with a goal of before the end of Q1.

What is the smart contract language?

Since Akroma is an Ethereum fork, any language that will compile to the EVM (Ethereum Virtual Machine), including solidity.

Why PoW when so many coins are creating PoS?

Akroma is focused on design, usability, adoption, application development, oracles, and scaling.

How is Akroma working on scaling?

First, it’s important to understand that Akroma’s work with scaling is limited and is not intended to supersede any of the work that the Ethereum Foundation is doing. For more information on Ethereum scaling please see this blog post: https://blog.ethereum.org/2018/01/02/ethereum-scalability-research-development-subsidy-programs/

Will Akroma move to PoS when Ethereum does?

After Ethereum implements Capser, Akroma will evaluate the impact that moving to PoS has on the network, the community and the economy. Only after a full review of these items will Akroma make a decision about moving to PoS

How to build from source

go get github.com/akroma-project/akroma

make geth

Akroma is a fork of Ethereum, with the developers adding Masternodes and a plan for Oracles?

Correct.

Why should I support Akroma?

If none of the information in this post is compelling you to, please don’t support Akroma.