Meet Accumulate

The Accumulate Protocol is bringing innovative solutions to the DeFi universe.

The identity-based, proof-of-stake blockchain powers and empowers DeFi applications by means of low-cost transaction fees (averaging out at $0.025 per transaction), high scalability capabilities with 70,000 transactions per second, and outstanding speed boasting a 1 second transaction settlement.

Adding to those remarkable features, the Accumulate Protocol enables for both cross chain and real-world interoperability while keeping a heavy focus on security, validation, and scaling.

Accumulate’s design aims specifically at addressing the biggest issues that blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term tech is currently facing

Accumulate Protocol’s design allows for the crafting of protocols and smart contracts which employ their own validators that in turn can define which set of rules will be used when dealing with either transactions or data.

This feature allows for the platform’s users to retain their sovereignty and contrasts deeply with other blockchains in which the rules to which protocols must adhere to are previously stipulated.

Truly one of a kind

But what really makes the Accumulate Protocol stand out from others is how the blockchain organizes itself completely around the concept of digital identities, as opposed to pseudonymous addresses.

As real-world business thrives in the very concepts which build online identity such as account ownership and/or data sources, Accumulate’s protocol is cleverly built around those very same concepts, meaning that by building on identity, one can interact with the real world via URLs instead of the typical address system which is used by mainstream cryptos.

Daring to go even further beyond

Accumulate’s groundbreaking architecture further empowers both oracles and smart contracts by simply not constraining them to run on chain. It focuses on URLs as a way to bridge the gap between blockchains and the real world.

As such, by having smart contracts freed from the on-chain limitations which previously bound them, not only does the rest of the financial universe can easily interact with them, but also completely new types of smart contracts can be crafted.

Making bridges not walls

Accumulate has worked hard to be able to claim itself as “the bridge to the digital economy”, and deservedly so.

Ever since 2015, when Factom was founded, the spirit of innovation and disruptiveness embedded the project.

As of 2021, with Paul Snow as its Chief Blockchain Scientist, one can easily trust that Accumulate will soar.

As such, the future is certainly bright for the project as its safety, scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term and extensible features will certainly power DeFi applications from here on out.

https://accumulatenetwork.io