[PRESS RELEASE New York / August 12, 2019] Apollo Foundation is saying Apollo 2020, the agency’s roadmap for a post-blockchain future. A key initiativ
[PRESS RELEASE New York / August 12, 2019]
Apollo Foundation is saying Apollo 2020, the agency’s roadmap for a post-blockchain future. A key initiative is the event of DAG (directed acyclic graph), making Apollo one of many first cryptocurrency tasks to construct the decentralized, post-blockchain consensus expertise.
The basis will develop: ARKnet, a decentralized utility infrastructure; sensible contract capabilities; a tokenization platform; Apollo Cloud, a decentralized cloud storage service; and nationwide foreign money initiative in Africa, in partnership with ADF Group.
ARK: DAG Consensus Protocol
“Apollo’s 2020 vision is to become a next-generation, post-blockchain cryptocurrency. We’re architecting a post-blockchain distributed ledger technology (DLT) based on the advanced principles of DAG (directed acyclic graph) consensus,” says Steve McCullah, director of enterprise improvement. “This technology will put Apollo’s features above the competition. With an expected TPS (transactions per second) of at least one million, Apollo will offer capabilities surpassing anything on the market today.”
Directed acyclic graph (DAG) features as a community of interconnected branches that grows outward in a number of
instructions. Transactions might be confirmed so as of magnitude quicker whereas remaining decentralized since every node confirms solely the earlier one.
DAG’s benefits embody:
High transactions per second (TPS)Low transaction feesNano transactions and micropaymentsScalability
DAG solves the issues of scalability, excessive charges, and lengthy affirmation occasions. With DAG, the inspiration will work in the direction of the next:
Solve scalability problems with current DLTsDistinguish the Apollo platform from conventional block ledger-based storage by using an improved model of current DAG-based protocolsProcess at the least a million TPS (transactions per second).
ARKnet: Decentralized Application Infrastructure
The basis is growing ARKnet, a decentralized utility (dapp) infrastructure throughout the Apollo ecosystem. It will allow the creation of a decentralized web with out the constraints of present blockchain methods. ARKnet would be the strongest decentralized utility infrastructure available on the market. It will supply benefits equivalent to safety, transparency, and persistence in operational processes.
Dapps decentralize info, which makes the info immutable and shielded from outdoors interference.
The Apollo crew desires to make the most of the complete potential of a brand new decentralized, post-blockchain infrastructure.
“We will launch an enhanced tokenization platform that allows seamless smart contracts to be issued quickly and effectively,” says McCullah. “It will enable the exchange of tokens directly on our decentralized exchange (DEX). Apollo Wallet can also function as an ICO and token-sale platform for instant fundraising.”
Apollo strives to be a pacesetter in tokenization by that includes:
Faster velocityHigher TPS (transactions per second)One-click issuanceSimplest sensible contract capabilitiesFuture-proof expertise
Apollo Cloud will change into one of many first decentralized, near-limitless cloud storage methods. It can be reasonably priced and sensible.
This decentralized file storage system will permit anybody to earn charges by partitioning off laborious drive area with one click on. Users can safely retailer information of practically limitless measurement with the safety and privateness of decentralization.
With conventional cloud storage equivalent to Dropbox, customers are compelled to depend on a centralized firm with strict phrases and agreements, worldwide legislation enforcement compliance, KYC necessities, in addition to centralized servers which are susceptible to manipulation and entry by workers and hackers.
Users’ private info and delicate information are within the palms of the corporate. Moreover, present decentralized choices are severely restricted by their corresponding blockchain. Size is restricted and storage is inconsistent as a result of as user-run nodes are eliminated, info can be eliminated. Additionally, value is astronomically excessive in comparison with conventional strategies, and impractical for a number of or massive information.
Here are Apollo Cloud’s options:
Data is saved within the communityUsers can retailer their info, in addition to create the power for others to retailer informationUsers can earn charges by offering storage companies
National Currency Initiative
Apollo may also give attention to attaining true mass adoption through its nationwide foreign money initiative. The preliminary goal is the continent of Africa, the place the inspiration has partnered with ADF group to pitch to all 54 nations on the continent of 1.2 billion.
The basis is growing instruments for mass adoption, together with a lite pockets app. The cell app could have QR code, in addition to service provider options. This will assist Apollo to realize service provider adoption globally.
For updates, go to Apollo Foundation:
Contact: [email protected]
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