Blockchain technology were put on the spotlight since the invention of Bitcoin in 2008 and blockchain now is considered as one of the technological innovations of the greatest potential and creativity in the world. It has a great potential for continued development and a wider range of applications.

It has the technological advantages of decentralization and trustworthiness, which is known as the value network. It functions as a virtual, public ledger that records everything in a secure and transparent manner. Blockchain integrates distributed storage, encryption technology, P2P network and other technologies.

However, despite the rapid development of the blockchain technology, there are still challenges ahead and problems that it faces today.

The Problems with Blockchain Technology

1. Security risks of smart contracts
Users might lose their digital assets during hacker attacks

2. Difficulties of cooperations and interconnections
Difficulties of cooperations and interconnections of different blockchain platforms of different fields of application. Although such information interactions were already attempted, it is not sufficient to support the development of the whole blockchain ecosystem

3. Difficulties of linking
Difficulties of linking between the blockchain world and the non-blockchain based reality. Ideas cannot be easily put into application, such as tracking of commodity authentication.

4. Requires high technical qualifications
At present, the blockchain industry still requires high technical qualifications, which leads to the high cost of large-scale business

5. Low transaction performance compared to the centralized systems
The transaction limit for Ethereum stands at 15 transactions per second while bitcoin is 7 transactions per second. It is far too slow to handle any real-world usage. Blockchain technology needs to be faster to gain mass adoption.

Achain: Boundless Blockchain Solution

Achain is a public blockchain platform that enables developers of all levels to issue tokens and create smart contracts, decentralized applications and blockchain systems. Achain is committed to building a global blockchain network for information exchange and value transactions. It prioritizes security, stability, extensibility.

By introducing cutting-edge designs of virtual machines, smart sandbox, value exchange protocal, and forking mechanism, Achain creates an evolving, user-friendly, low-cost, and customizable blockchain network. The optimization of block interval, block volume and consensus algorithm also helps Achain reach a performance rate of up to 1000 transactions per second.

The team behind Achain found the solutions to the current problems of blockchain technology that will make it faster and easier leading to a Boundless Blockchain Reality.

Achain is empowering start up, established businesses, entrepreneurs and developers to explore its blockchain technology that is built with a secure, stable, customizable global blockchain network for information exchange and value transactions to facilitate developers and business needs.

Achain unique sandbox can verify smart contracts and support simulations that will test the system, discover loopholes and fix bugs to ensure applications offer the best possible consumer experience.

Their platform has been under development for more than two years now, and has currently deployed more than 50 dApps, 123 contracts and growing. Achain had released the three-phase development plan of Singularity — “Smart Contract Network”, Galaxy — “Fork Network”, and Cosmos — “Interconnected Network”.

They are now at Galaxy stage where it splits into multiple sub-chains to meet the need for different applications in reality, including insurance, e-documentation, cryptocurrency, record investigation, credit rating, and much more can be fulfilled by sub-chains within an interconnected, low-cost, user-friendly, and customized blockchain network.

Loyalty Program: Benefit from a Blockchain Boundless Reality

ACT investors are rewarded monthly, simply by holding ACT in an official wallet:
(https://www.achain.com) (https://www.kcash.com)

You can sign up to this Loyalty Program by sending 1 ACT to the official address provided: ACTEiVHrZMwikGbft1nTPP1uyiQdxSd3DyJE

Additional info:
Once you transfer 1 ACT, your sign-up to the program will be confirmed and will be applicable to all phases of the program. You don't need to repeat it for each phase. Also, you may join Achain’s Loyalty Program at anytime. If you miss out on one of the phases, make sure you transfer 1 ACT as soon as possible so you can get in the next one! In addition, only the ACT balance in the address that transferred 1 ACT to the above ACT address will be recorded in the snapshots.

Click here for more details about Loyalty Program: https://www.achain.com/loyaltyprogram.html

Connect with Achain!

Website: https://www.achain.com/
Twitter: https://twitter.com/AchainOfficial
Telegram Channel: https://t.me/AchainOfficial
Discord Server: https://discord.gg/HnvpCzy
Reddit: https://www.reddit.com/r/Achain_Official/
Loyalty Program: https://www.achain.com/loyaltyprogram.html
Contract & Assets: https://browser.achain.com/contract.html#/
Achain Africa: https://www.achainafrica.com/
Github: https://github.com/Achain-Dev/Achain
Whitepaper: https://goo.gl/iPnzjT