Blockchain scalability addressed in Vietnam

During Vietnam Blockchain Week (March, 7-8) in Ho Chi Minh city Achain startup suggested an approach towards the issue
12 March 2018   298

The two-day event attracted thousands blockchain enthusiasts from all over the world. One of the most delicate issues of the technology - its scalability, was the point of interest of a special panel during the event. It is reported the panel discussion was the most heated of all.

A public blockchain Achain has come to Vietnam with actual suggestions. First of all, it has designed a new consensus algorithm - Result DPoS. It inherited the benefits of the acclaimed DPoS algorithm, but brings optimization of block generation and delegated nodes, and increases the speed of reaching the consensus among the delegates. This results in a faster Transaction Process System at Achain.

The second proposal is a so called 'forking theory'. Basically, the concept assumes a parallel system of forks cooperating as a unified system that achieves processing goals in reaction to real-world events individually.

We are trying to build a blockchain network by forking to create different functional forks or 'sub-chains' that will improve performance and create new application scenarios. Overall, we believe this is a great solution to blockchain scalability issues.

 

Kyle Lu

Partner & VP, Achain

Looking at Achain's counterparts in question (Lightning Network, Sharding, etc), they're also trying to increase capacity and performance of the platform by searching for a technical breakthrough.

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   9

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.