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What is Achain (acne)?

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Achain is a distributed database that ensures decentralized data transmission se

What is Achain (acne)?

Achain is a distributed database that ensures decentralized data transmission security through blockchain technology.

In traditional internet, data is stored in a server, but the information in this server is not processed by a specialized institution. Instead, it is maintained by a group of people who collectively maintain a database. This group of people makes the entire database more transparent and traceable. Therefore, we call them “assets on the network,” such as Bitcoin or Ethereum, which are network infrastructure created and managed based on blockchain.

Why build a chain? Why build a blockchain system? Blockchain can solve the problem of data sharing because it is public and anyone can access information by linking to the website. If available, it allows everyone to view their own data.

What causes blockchain unable to realize data value transfer? Can blockchain achieve data circulation among multiple parties? How to avoid this phenomenon?

Currently, many blockchain projects are exploring how to use blockchain to achieve the transfer of trust relationships among multiple parties. So what is Achain? What is its purpose?

First of all, we know that blockchain uses cryptographic methods to record the private keys (also known as public keys) of each node and sends them to different addresses. For users, blockchain is a way to prove that a participant owns a certain key, so they can verify transactions without using a computer and without relying on a third-party service provider.

Many people now think that Baas is an application solution, which is actually to prevent potential security vulnerabilities in smart contracts and reduce the complexity of blockchain technology.

However, in fact, Achain does not provide such a solution. It only provides a tool to centralize the computing resources of blockchain, so there is no need to worry about hardware issues and other problems.

There is also a very important concept: Achain is a branch of blockchain, an independent platform for running blockchain applications and developers.

In simple terms, Achain is a peer-to-peer payment protocol that provides low-threshold services for the digital currency industry but lacks corresponding incentive mechanisms to support its development.

Achain’s development roadmap:

1. Gradually promote from 2017 to the end of 2020.

2. Gradually popularize starting from early 2021.

3. Gradually open application scenarios from May this year.

4. Scale back applications after June.

5. Officially launch the main network at the end of July and release test version products in early August.

6. Introduce the second product in mid-September.

7. Launch the main network of the third product in late October.

What is acne?

Acne is a decentralized exchange project based on Ethereum, which builds and operates its own DEX on Ethereum. ACNE automates the exchange between liquidity providers and liquidity pools through its unique smart contract mechanism as a market maker (MM).

The Acne token can be used to purchase and sell governance tokens acNFT for the protocol. The token has the same functionality as other assets, such as tradable assets or liquidity mining rewards. It also has some utilities, such as staking rewards, automated market-making tools, and more. (CryptoBriefing)

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