What Is Akroma?

Akroma is a platform on which decentralized applications are built. Unlike other of its contemporaries, this network combines the powerful functionalities of Ethereum, EVM, Web 3.0, and so on.

Currently, most of the established blockchain networks are overwhelmed by the rapidly increasing number of user and applications. As a result, application developers are forced to build their projects on alternative upcoming platforms.

However, these new networks have distinctive API which the developers must familiarize with before embarking on the development process. Akroma aims to solve this issue by creating a platform based on conventional standards such as Ethereum, Web 3.0, EVM, and so on.

Additionally, Akroma intends to establish a sustainable governance model for decentralized applications development networks. As of now, most of these platforms issue incentives such as pre-mines, ICO fundraising and genesis block allocations to contributors.

Usually, these investors dump the projects soon after the expiry of the incentives mentioned above. After making the platform sustainable, Akroma will focus on design, usability, adoption, and development of decentralized applications.

Previously, the Akroma development team’s main task was to link upcoming projects with the Ethereum decentralized application development platform. In this regard, the developers created DApps for several startups. However, after some time, there were concerns about the expensive gas charges as well as scalability issues on the Ethereum blockchain.

After failing to find a viable alternative, the developers opted to establish the Akroma development platform. As noted earlier, the Akroma solution is an advanced, scalable and sustainable version of the Ethereum network.

Typically, Masternodes are used to add functionalities to networks based on blockchain technology. Similarly, the Akroma network will leverage a layer of Masternodes to avail powerful features to the development team. Since these features often require massive amounts of processing power as well as enormous storage spaces, the inbuilt Akroma protocol will reward users that host masternode servers in AKA, the native cryptocurrency of the AKA ecosystem.

After the deployment of masternodes, the Akroma platform will implement the concept of Oracles. Oracles are systems that avail data to smart contracts, thereby acting as the catalyst for every transaction occurring on the Akroma network.

Regarding technology, the Akroma network is coded on a framework similar to the Ethereum network. Essentially, it is a fork of the Ethereum blockchain, just like Litecoin shares the same codebase as Bitcoin. However, unlike Ethereum, the Akroma network does not have scalability issues.

Since its inception, the Akroma project has achieved numerous milestones specified on its roadmap. Some of the most significant phases include: the website launch, development of the web wallet, introduction of the mainnet, creation of mining pools, and completion of the initial hard fork.

The steps that are still in various stages of development include: explorer rebuild, mobile app development, creation of masternode MVP, listing in cryptocurrency exchanges, inauguration of a desktop wallet and the establishment of the Akroma foundation.

Important: Akroma has explicitly stated that it will not conduct an ICO crowdsale event.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

156 +