After Bitcoin, the next public chain myth in the mining field – ACH came into being!

ACH network, the first cryptocurrency based on a provably secure and scalable public blockchain design, using POW proof of work and DPOS proof of stake mechanism.

June 30, 2020 /PressReleaseAgency/ —

Blockchain technology has set off a storm all over the world since 2008. The blockchain industry began to provide blockchain solutions for real-world services. In our project, we built a proof-of-work protocol based on the ACH network consensus protocol, and evaluated how the main applications run on the underlying platform. In addition, in order to demonstrate some of its functions we have created our own ACH network.

We design and implement the ACH network, which is the first cryptocurrency based on a provably secure and scalable public blockchain design, using POW proof of work and DPOS proof of stake mechanism. However, PoW has serious limitations, weakening its potential to enhance the distributed economy, and has been criticized for its slowness, large energy consumption, and high transaction fees. Unlike Bitcoin based on proof of work, our structure uses two types of mechanisms, computing power and voting (ie, voting rights).

Automatic clearing HighSpeed ​​(referred to as ACH), ACH public chain is an independent public chain developed by the ACH R&D team for three years and spent more than 80 million. It fully executes the contract on the chain, the data is open and transparent, and can be traced and queried.

ACH is a new encryption currency based on the ACH algorithm, which can effectively resist ASIC and avoid the concentration of computing power. ACH also innovatively adopted the Cpow mining mechanism, which restricts access to mining participation. Through this mechanism, power monopoly can be effectively avoided, the amount of digital currency flowing into the market can be reduced, and the income of miners can be increased. There is no longer competition for absenteeism, but cooperation, which makes ACH safer and more trustworthy to stimulate continued price growth.

In order to build a social consensus, ACH adopts a 360° three-dimensional "computing power leasing + POW work proof + DPOS equity proof + on-chain application scenario + well-known exchange" as an integrated business model. It has been logged in BIKI Exchange and will gradually Log in to well-known trading platforms such as American Big B, Huobi Exchange. ACH is committed to technology upgrades and scene applications. ACH will develop multiple necklace application scenarios in the future.

ACH is not only a new type of cryptocurrency, but also a reorganization of traditional mining. It subverts the traditional concept of mining and can effectively solve the following problems:

1. Use the improved ACH algorithm to calculate the power monopoly. This algorithm can effectively resist the ASIC mining machine and prevent the power monopoly of large miners, which makes it easier for retail investors to obtain profits.

2. Malicious destruction—The CPOW mining mechanism adopted by ACH can reduce the number of market circulations, increase the currency holdings of miners, and prevent miners from mining for the purpose of sales, which inadvertently causes malicious destruction.

3. Excessive increase in computing power-CPoW mechanism can effectively control the number of mining machines, so as not to increase it too fast. The number of ACHs circulating in the market is limited. To increase the number of mining machines, there must be enough ACH in the wallet, which can suppress the increase in the number of mining machines and avoid the loss of miners' profits.

4. To increase the ACH mining rights of miners, ACH must be held and stored in the wallet in advance to obtain higher interest. ACH is more like the protection of miners' rights. Only holders can enjoy high returns, and without holding ACH will not be able to obtain high profits.

In order to better understand how centralization affects double spending attacks in the blockchain, mining pools and miners are considered in the ACH algorithm. We found that centralization is harmless to the network against double-spending attacks on mining rights. These findings are based on the fact that the larger a pool is, the more it loses if the network crashes. Therefore, even if a large mining pool can perform mischief, it should not be so willing to do so. Our model is stylized, it will make large mines or alliances get more economic profits.

In summary, ACH has made significant progress in scalable public blockchains. It provides an unparalleled increase in POW throughput while maintaining the global hash rate. The confirmation delay of the ACH network is also significantly reduced from the traditional POW, and may be lower than the POS system. The ACH network has achieved these advancements while maintaining the core trust and decentralization of POW.

Contact Info:
Name: Media Relations
Email: Send Email
Organization: Global News Online
Website: http://www.globalnewsonline.info

Source: PressReleaseAgency

Release ID: 88966582

More News From stompthecity.com

Vettel ends 13-month winless run; Ferrari 1-2 at Singapore

Jul 5, 2020

SINGAPORE — Ferrari driver Sebastian Vettel took advantage of an early pit stop to win the Singapore Grand Prix on Sunday and end a 13-month winless streak in Formula One. Vettel, who started third on the grid, crossed the finish line 2.641 seconds ahead of Charles Leclerc — who was unhappy with team pit strategy — in a Ferrari 1-2. It was four-time F1 champion Vettel's first win since the 2018 Belgian Grand Prix. "Obviously the start of the season has been difficult for us but in recent weeks we started to come alive," Vettel said. "It's been incredible to...

Hamilton looking to extend F1 lead at Singapore Grand Prix

Jul 5, 2020

SINGAPORE — Lewis Hamilton aims to turn up the heat in his bid for a sixth Formula One championship at this weekend's Singapore Grand Prix. The Mercedes driver heads into Sunday's race with a 63-point lead over teammate Valtteri Bottas. As with last year's race, drivers can expect sweltering heat and humidity. In addition to the heat, a thick haze has set in over the city-state with advisories issued from the national government over "unhealthy" air conditions. Hamilton will be hoping for a repeat of the 2018 race here when he won comfortably from pole position to extend his championship...

Mother's voice pierces Malaysia jungle in search for girl

Jul 5, 2020

SEREMBAN, Malaysia — Malaysian rescuers stepped up their search Friday for a 15-year-old London girl who vanished from a nature resort six days ago by playing voice recordings of her mother and brought in members of an elite commando force as they combed the hilly forest terrain. "Nora darling, Nora, Nora, Mummy's here," the voice of Meabh Quoirin rang out through loudspeakers carried by rescuers, piercing the jungle silence. The family of Nora Anne Quoirin discovered her missing Sunday morning from the Dusun eco-resort in southern Negeri Sembilan state. Police believe the teen climbed out through a window in the...

Boeing 737 Max 8 woes crimp Asian airlines' growth plans

Jul 5, 2020

SINGAPORE — Asian airlines are cutting routes, revamping their schedules and leasing extra aircraft to fill gaps left by the grounding of Boeing 737 Max 8s after deadly crashes in Indonesia and Ethiopia killed 346 people. So far, regional carriers have managed to avoid major disruptions, but analysts expect that idling the Max 8s, a fuel-efficient update of Boeing's popular 737, will crimp growth plans in the near future. As investigations into the crashes continue, Boeing anticipates a $1 billion increase in costs related to the 737 Max, including fixing software implicated in the disasters, adding pilot training and compensating...

Brunei death penalty moratorium applied to new Shariah laws

Jul 5, 2020

KUALA LUMPUR, Malaysia — Brunei's sultan has said a moratorium on capital punishment is in effect for new Shariah criminal laws including stoning people for gay sex and adultery that sparked an international outcry. The United Nations has called the laws implemented April 3 "draconian" while the U.S. and several other countries have urged Brunei to halt its plans. Celebrities including George Clooney, Elton John and Ellen DeGeneres have rallied for a boycott of nine hotels in the U.S. and Europe linked to Brunei. Even before 2014, homosexuality was already punishable in Brunei by a jail term of up to...

Stomp The City brings to you the latest trending news in Malaysia. Along with our daily active audiences and the efficient editorial team here in Stomp The City, we’re able to make things go viral in almost no time. Together, we are stronger.

Contact us: sales@stompthecity.com