Blockchain is considered the next-gen technology by many tech enthusiasts - an online distributed ledger with some of the most amazing and advanced features to offer to its users around the world. The idea behind a blockchain network is storing all the records of transactions on a public ledger, which can be seen by everyone on the network. It is the future of our financial eco-system with high-tech applications and incentives to offer.
The Asch Platform, based on advanced blockchain technology, was founded by Shan Qingfeng, a Chinese developer. Shan and his team of experienced developers created an all-in-one blockchain platform for developers.
Asch is a decentralized application platform, which works on a blockchain network. It is one of the most secure, efficient and flexible blockchain networks and allows users to gain access to a JavaScript based application programming language platform to design applications. It was created for developers looking for a platform to build, test and run their own decentralized applications (also known as DApps).
An Official, Registered Foundation
The Asch Foundation acts as the governance body of Asch, an international open-source project, to standardize the technology development and application development, foreign exchange and brand promotion, as well as the rights and interests of the holders.
Asch Singapore Foundation is incorporated as non-profit foundation with the approval of the Singapore Accounting and Corporate Regulatory Authority (ACRA), on and from 05/12/2017 and that the company is a PUBLIC COMPANY LIMITED BY GUARANTEE.
History of Asch
Asch came into being on July 13, 2016 by a team of blockchain enthusiasts looking to bring a new innovative platform for users around the world. The Asch platform was developed in Node.JS language. It has come a long way ever since its creation.
There have been multiple historic moments in the lifeline of Asch blockchain like initializing the code base on git.oschina.net on July 05, 2016. On July 13, 2016, an upgraded version of the platform was released. By the end of year 2016, Asch became a full-fledged blockchain network with many new innovative features to offer.
The official GitHub repository can be found at www.github.com/AschPlatform
Features of Asch
Asch is one of the most unique blockchain networks available for developers and users alike to benefit from its features. It provides a SDK and a series of APIs for developers to implement and build new innovative decentralized applications written in JavaScript.
Most of the other blockchain platforms provide a single API to its users, but Asch has redefined the blockchain space by providing a series of APIs. It is one of the easiest to use blockchain networks in the world with a fully functional Plug and Play ecosystem, which allows users to use the innovative features of the platform rapidly, and without any hurdles. Along with these native blockchain features of Asch, there are some more advantages for using the network. It provides business models that are either free or for a fixed price to be used by different kind of businesses. These are very suitable for small businesses or start-up companies.
XAS
XAS is the native cryptocurrency used in the Asch network. As of 25th January 2018, it was being traded at $1.20 USD/XAS with a market cap of about $110 million. The value of XAS and its market cap has increased dramatically since June 2017. The coin started trading at less than 1 Dollar at the beginning of June 2017, with a market cap of less than $100 million.
There were ups and down due to the volatility in the price of cryptocurrencies but XAS improved a lot with potential increases in its value and market cap. The current daily change in price is approximately a 15 percent increase.
Asch (XAS) on CoinMarketCap: https://coinmarketcap.com/currencies/asch/
ICO Details
There was no pre-sale of the XAS coin before the ICO started, so all the coins to be offered to the investors were distributed during the main sale.
The total supply of XAS during the ICO was 112,954,309 units, with a token price of $0.031 per unit.
In total, the token sale during the ICO was 91,454,309 XAS, with a $75 million hard cap.
Ethereum? Or Asch...
Ethereum is well known for being a world-computer for its famous blockchain network and innovative technology to offer to its user but Asch has the capability of providing better features to its users. Asch can be described as being based on an Ethereum like model but it is much easier to use. By adopting JavaScript as the development language or supporting DBMS to store the transaction date, it was specifically developed to make the lives of developers easier as compared to using the old Ethereum platform with its complicated technology. Asch is cheaper when compared to Ethereum, it is much easy to use and it is a one-stop blockchain platform to provide the next-gen cutting edge developing options to programmers around the world.
Ethereum still has issues with scalability, while Asch has already addressed those. When a DApp is created on Ethereum, all the code has be loaded on and executed on the actual blockchain, which makes it really huge. They have somewhat addressed this by compressing and optimizing the data, but let's be honest, it's a temporary fix.
Real Life Uses of Asch
Asch platform can be used to start-up a company or business by using its amazing business models. It is suitable for home based businesses as well. Users can use the platform to write high-end applications for personal or commercial uses.
Another amazing advantage of using the platform is the anonymity and security that it provides, being a blockchain network.
Multiple Dapps have already been created based on the Asch Platform:
CCTime: https://cctime.org/
Koumei Cottage: http://www.koumei.io/
Help China: http://www.bangbeichina.com/
Hello Kimi: http://hellokimi.org/
Asch: What Does The Future Hold?
Asch has a very bright future a head of it. It is going to take over many big names in the blockchain world with its plug-and-play functionality. The team is planning to release updates to its core and optimize the code in the future. The team is also planning to update its wallet versions for Android and iOS.
Asch is definitely the next big thing in the blockchain space. You should watch out for it!
Official website: https://www.asch.io/
English Whitepaper: http://asch-public.oss-cn-beijing.aliyuncs.com/asch.io/Asch-Whitepaper-en.pdf
Official forum: http://bbs.asch.io
FAQ: http://bbs.asch.io/topic/487/asch-faq
Github: https://github.com/AschPlatform
Online wallet: http://mainnet.asch.io/
Explorer: http://explorer.asch.io/
Markets:
https://www.chaoex.com
http://bit-z.com
https://www.kucoin.com
and many more: https://coinmarketcap.com/currencies/asch/#markets