What is Achain?
Symbol: ACT · Market cap rank: #1075
Short answer
Achain (ACT) is a cryptocurrency currently ranked #1075 by market capitalisation.
Source: isthiscoinascam.com
Overview
Achain is a public blockchain platform founded by CEO Tony Cui that supports developers in creating tokens, smart contracts, decentralized applications, and custom blockchain systems. It employs a modified Delegated Proof of Stake consensus mechanism called RDPoS, allowing coin holders to vote for validator nodes responsible for producing blocks. The project is primarily based in Beijing, with a team of around 51 employees and key partnerships, including a collaboration with Tsinghua University on a blockchain technology course.
The development roadmap for Achain includes three phases: Singularity, Galaxy, and Cosmos, with varying completion timelines. The focus of the roadmap is on technological advancements, particularly interoperability and mainstream adoption, rather than marketing strategies. Updates to the roadmap are expected in January 2019, reflecting goals for the upcoming year. Achain's unique features and consensus algorithm suggest potential for technical innovations within the blockchain space.
Scam-risk analysis
Achain has a moderate score — some risk signals were raised but no critical concerns. Is Achain a scam?
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