We are excited to announce the soon listing of ACT, the token of 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.
Achain was originally developed by the Singapore-based nonprofit organization, Achain Foundation, which is co-constructed and co-maintained by its fan communities around the world. In 2017 it proposed its three-phase development plan of “Smart Contract Network”, “Fork Network”, and “Interconnected Network” as well as led an in-depth research into the technologies that define it today.
The company has gained public acclaim in digital asset issuance field. Achain is based upon a uniquely developed RDPOS (Result Delegated Proof of Stake) distributed consensus mechanism. It is different from DPOS in the way that it validates the execution of smart contracts, which potentially improves the transaction speed on the network.
Core characteristics of Achain include average block time of 10 seconds, 1000 transactions per second speed and a so-called “sandbox mechanism”, a simulator that provides access to all chain functions without the necessity to spend tokens. It cultivates a more stable and secure network for decentralized applications on the platform as it helps keep false contracts off the chain and save on debugging costs.
ACT tokens are also used for paying fees for calling smart contracts and other transaction commissions.
Please find out more about Achain at their official website. We hope you will benefit from trading ACT on HitBTC.