THELOGICALINDIAN - The apple is athirst for agenda and blockchainbased solutions that can drive the banking arrangement to the abutting akin The crypto industry is set to accommodated this appeal but above cryptocurrencies and protocols still abridgement scalability costefficient affairs and added appearance all-important to accomplish this purpose
In that sense, the Accumulate Protocol has been advised to become the “bridge” to the agenda abridgement of tomorrow. Created as an identity-based, delegated Proof-of-Stake (DPoS) blockchain, this arrangement seems assertive to become the missing allotment that could booty crypto acceptance to the mainstream.
Unlike added alternatives, the Accumulate Protocol operates with a scalable, low cost, and interoperable arrangement after compromising its security. In addition, it possesses the use cases and appearance to onboard users and corporations to assuredly accommodate blockchain technology and a agenda bread-and-butter archetypal to their operations.
The activity took off aback in 2024 with the barrage of Factom, a second-layer publishing platform. Once this band-aid was acquired by Inveniam Capital Partners and added new and accomplished aggregation members, the close started developing the Accumulate protocol.
Its multi-year development and basal technology, accumulated with the administration of its Chief Blockchain Scientist Paul Snow, provides Accumulate with a able and avant-garde approach. Thus, it’s allotment of the new bearing of networks that can action users a bigger and a different access to the blockchain trilemma.
Accumulate leverages the Accumulate Digital Identifiers (ADIs) to validate the affairs on its blockchain. This creates a absolute accord in agreement of decentralization, users don’t accept to anguish about the actors active the nodes on the platform, scalability, the arrangement can action over 70,000 TPS, security, and best chiefly for acceptance with the accoutrement to abutment real-world use cases.
The Accumulate Network uses ADIs, in footfall of tokens, to accommodate added circuitous and adjustable operations. This archetypal enables added chains to be launched and accurate on top of Accumulate with all the allowances of the band 1 blockchain. According to the project’s Litepaper:
Combined with avant-garde appearance such as Scratch Space for accord building, and Anchoring for added security, Accumulate becomes a fast, secure, and linearly scalable blockchain purpose-built for powering decentralized accounts applications.
By implementing this framework, the Accumulate Protocol has congenital the capabilities of acceptable blockchains with a added able and businesslike approach. Thus, authoritative it accessible for corporations and individuals to admission a array of features, such as enterprise-level management, conception of multi-part accord off a blockchain, and buying validation.
One of the top criticisms about blockchain and cryptocurrencies is their complication to use. People charge to bethink continued passwords, accomplish with hot or algid wallets and their risks, and get acclimated to their transaction model.
Accumulate mitigates the abrasion from this action by authoritative it affable and accessible to use and accommodate in a business archetypal or banking service. This new framework seems all-important to booty the crypto industry to added users and apparatus new use cases above payments.
The agreement will abide to abound in the advancing years. At the moment, the Accumulate Network is active on a testnet, but its mainnet will be launched in Q1, 2022 with its own built-in badge ACME. With that, the approaching of the agenda abridgement is aloof about the corner.
Learn added at https://accumulatenetwork.io/
