Achain Blockchain Latest Q&A

Q&As on Jan 26, 2018

Announcement: Achain CPO Eric gave a LIVE Interview for a Korean TV channel

Q1:
What about the "fork network" mentioned in the roadmap ? (Q2 2018) Can we have a clear explanation?
One thing to be cleared is that forking equivalents to iterations or upgradation for blockchain network. That is the core point of Achain White Paper. In 2018, Achain plans to explore various business applications with the help of Blockchain Technology. Increasing the block volume, we can achieve financial transactions by modifying the data structure and also create another for document storage.

Q2:
Can you clear this RDPoS consensus thing? We need to know who are the delegates, how to vote for them, what is the incentives (if any) etc.
The RDPoS is Achain’s unique consensus mechanism which inherits all the advantages of DPoS. Not only unnecessarily consuming redundant computing power to get a new block, but also the execution results of contract are able to be verified by agent node or all nodes alternatively, depending on the state of networks. RDPoS enhances the network transaction capability better than DPoS. Specially in that case of long-time execution or high-usage of storage, all nodes, not just the agent node take part in the verification.
The delegates are voted by the candidates who hold ACTs, the voting rights can be set up in Achain Wallet under the developer environment. Each delegate will be rewarded with 5 ACTs after creating a new block.

Q3:
Admins please we need to get clarified, please contact Eric or someone from the team, we as a community need to know if the team dumped 500M supply over, please ask Eric when the 500M were released etc, we need to know if they just dumped us the 500M, we need to know if the circulating supply is wrong, and if the marketcap is higher than it appears.

A: https://medium.com/@AchainOfficial/circulating-supply-of-achain-act-a193c0308708

Q4:
When you'll update your website? Info is not sufficiently updated.
The latest update is Jan 15th.

Q5:
When you'll spell check your website?
If you find anything wrong, please let us know and we will fix it asap.

Q6:
Please tell more about this API that is auto-voting delegates. As a techie, please make me understand if you go micro-technical. Or better, give me the link for this API GitHub!!!

Each node can set up its own support account.

The number of votes calculated is based on the amount of transfer. Larger the amount, higher the number of tickets. Currently, if there's one vote or more, that is, one node supports 5 agents, and 5 agents own the share after 100 ACT votes have been transferred, thus increasing the share of 100 ACT.

For the same piece of asset when the next transfer happens, the last transfer of the voting will be empty and the latest transfer of the voting is effective. The agent seems to be adding a little bit of ticket to himself, but it's very small.

Q7:
What's the tentative date for Achain's MAC wallet launch?
The Mac version will be released on Feb 4th.

Q8:
What's the reason behind the creation of this ABTC fork

1. There’s a competition of BTC forking. As we have the technology on blockchain and we have a strong technical team, therefore we hope to compete with others in technology for blockchain forking.
2. Forking is a certain demand of many users. Before we forked ABTC, there’s a concept of forking. ABTC forking is one of our technical trials.
3. ABTC combines the best of Bitcoin and Achain. It’s one of the greatest technical innovations for Achain.

Q9:
Who created ABTC?
ABTC was jointly established by Mr. Aqua Zhao, Mr. Arthur Qiang and a group of technophiles.

Q10:
Who will manage ABTC?
ABTC operates by the community members and its tech team who offers technical support.

Q11:
Will ABTC be a separate entity?
ABTC is independent from Achain and it is charged by ABTC team.

Q12:
Who are the Devs for this ABTC?
Mr. Arthur Qiang is responsible for developing ABTC. He’s the core developer and senior architect. And he graduated from Jilin University, and specialized in computer and software

Thank you very much for Reading and for being an Achain holder!