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A parallel internet inside the first truly scalable cryptocurrency.
What is Archain?
Please see the attached video for more details.
Premise
Archain is a de-centralised, permanent and unmodifiable archive of the internet, inside a cryptocurrency that truly scales.
Whilst the internet has revolutionised the way in which journalists, politicians and companies reach their audiences, it has
also proved to be highly vulnerable to censorship. With Archain in place, it would no longer be possible for documents and
politically sensitive news to be censored at the whim of any group or individual.
In order to scale to the necessary sizes, Archain uses a novel blockchain-like data structure called a blockweave, which
incentivises miners in the system to self-organise long-term data storage.
Archain also allows developers to build applications that make use of the network's de-centralised, uncensorable and
permanent data storage system. On top of this, Archain allows developers to build apps that receive a live-feed of
hand-curated documents of interest from the internet.[/center]
Specifications
- Uses a new PoA (Proof of Access) which integrates the best parts of SHA2-256 proof-of-work, while allowing potentially unlimited scaling.[/li]
- Utilises a new blockweave structure over a traditional blockchain allowing scaling on a global level.[/li]
- A de-centralised network of archived data.[/li]
- Coin name and abbreviation - ARC, Archain tokens
- 50,000,000 tokens for pre-sale
- Currently sold at 0.09 GBP / ~0.00046 BTC / ~0.00053
- Sold in tranches
- Starting sale - 02/08/17
- Ending sale - 13/08/17
- Divisible up to 10e-9
- Block time is 5 minute
- Algorithm: proof of access (with SHA2-256)
- Initial block reward: 105 ARC + size dependant transaction fees
Application Development
Using Archain's App Developer Toolkit (ADT), developers can easily build and
run custom nodes in the Archain network. Archain apps receive a constant,
hand-collated stream of historically importantinformation. This data will be
used to support a broad range of applications, stretching from automated
stock traders, to uncensorable social networks.
Archain currently supports applications developed in Erlang and Elixir.
In future we will introduce support for other languages.
Meet Us!
Want to meet one to one with the developers? Visit the Archain website to find out more!
Bounties
Translation
Here at archain, we believe that the pursuit of human knowledge is global.
We welcome you to offer your translation services in exchange for a portion
of our currency. We hope to expand our bounty campaign as our campaigns develops.