Achain ACT to Blocknet BLOCK Exchange

Crypto Pair Details: ACT to BLOCK

Achain ACT

Achain is a public blockchain platform that enables developers of all levels to issue tokens and create smart contracts, decentralized applications, and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions. Unlike Bitcoin or Ethereum, Achain utilizes a modified version of DPoS — RDPoS (Result-delegated Proof of Stake) to establish node consensus. Shortly, DPoS suggests that all coin holders vote for the validator nodes that will produce the next blocks. On the project website, only info about CEO Tony Cui is listed. Cui has a few significant accomplishments, including winning the Future Star award from the Zhongguancun Alliance and being listed in the 30 under 30 on CYZONE, a famous venture capital magazine. On LinkedIn, 51 people are listed as employees at Achain. Most of the team is based in Beijing. Achain also has a few key industry partners. It has even co-organized a “Blockchain Technology Open Course” with Tsinghua University, which is widely recognized as one of the world’s top universities. The roadmap for Achain development is fairly detailed. However, most goals listed are development-oriented rather than marketing or design. Still, it’s important to note that focusing on making the protocol interoperable and building a technology that is more accessible to mainstream adoption could also be considered a marketing-oriented part of this project. There are three major phases with projected completion dates listed. These include Singularity (completed Q1), Galaxy (ongoing), and Cosmos (complete at the end of Q4). One thing to note is that dates for these phases are not consistent between the homepage and the whitepaper. This could be simply due to a scenario in which phase names remain the same while new goals and timeline dates within those phases continue to change. In January 2019, the project will update the website to reflect roadmap goals for the new year. Looking at the current landscape of blockchain projects, Achain certainly offers the possibility of much-needed technical innovations. The ability to easily create an Achain fork, as well as, the protocol’s unique RDPoS consensus algorithm make this a promising project. It will be interesting to see how Achain builds upon its accomplishments, and how the project team continues to develop a long-term strategy for improving the protocol’s technical capabilities and increasing participation in its ecosystem.

Blocknet BLOCK

Blocknet (sometimes referred to as Block) is a decentralized, platform-as-a-service protocol that connects the nodes of different blockchains. As you probably know, there are hundreds, if not thousands, of blockchains that currently exist, and this number is showing no signs of slowing down its growth anytime soon. Many of these chains, though, are unable to communicate and interact with each other, creating small groups of siloed ecosystems. And, the inability of these groups to work together is holding back the entire blockchain industry. To solve this problem, Blocknet is working to make blockchains interoperable, mobile, and modular. This enables different chains to provide microservices to each other in a peer-to-peer fashion at higher security, faster speeds, and more efficient scalability than today’s current options. Blocknet is aiming to be the “Internet of Blockchains” through inter-blockchain connective services. Simply put, Blocknet enables you to develop on one blockchain, Ethereum for example, but access the functionality of other chains, like NEO. The team is building the infrastructure using three core components that work together to provide three primary services for these inter-chain decentralized applications (dapps). The XBridge, a blockchain router, is the backbone of the Blocknet platform. It’s the first peer-to-peer protocol to connect nodes on different blockchains, allowing them to communicate with one another. Using the XBridge, you’ll not only be able to perform cross-chain atomic swaps, but you’ll also be able to transfer additional data and execute smart contracts across chains. Blocknet uses a Proof-of-Stake consensus algorithm with three types of nodes to maintain the network. Service nodes collect and distribute trade fees on the platform as well as prevent spamming and DDoS attacks. To run a service node, you need to hold at least 5,000 BLOCK and keep your node computer running at all times. The Blocknet team recommends that, if you plan to run a service node, you should also run multiple full node wallets of whichever coins you want to support. This maximizes the trading fees you receive. Staking nodes confirm network transactions. When running a staking node, you’ll receive 9-14% annual returns from block rewards as well as a portion of the trading fees. There’s no minimum BLOCK amount you need to keep in your wallet to receive these, but you need to keep the wallet running at all times. There’s limited information available on the Blocknet team. Dan Metcalf and Arlyn Culwick founded Blocknet in 2014 as a fork of PIVX. According to his LinkedIn page, Metcalf was a Bitcoin developer for 5 years as well as a Senior DevOps Engineer at Philips. Outside of Blocknet, Culwick is also the PR and Media Liaison for XCurrency. Blocknet launched the service nodes on their main net in September 2017, and on March 1st, 2018, the team will release the beta version of the DEX. The project has also partnered with the 0x protocol to add ERC20 token support on the platform. Blocknet is connecting the isolated blockchain systems that currently exist to create one, cohesive ecosystem. Through the platform’s XBridge, the team is building a blockchain Internet in which you can build dapps that utilize features from several different chains. Starting with a DEX, the project has a lot on its roadmap including a service delivery system for blockchains to provide and receive payment for providing functionality to other chains. This is a complex project, but Blocknet already has the partnerships in place (0x, Poloniex) to see it through to the end. Blocknet consists of the following coins: XCurrency, Stealth, SonicScrewdriver, Fibre, Librexcoin, APEXcoin, BitSwift, XCash, UtilityCoin

SOURCE: COINGECKO

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