Aquarchain: The Next Generation Blockchain Architecture

in #aqarchain3 years ago

IMG_20211025_095646.jpg

Introduction

Aqarchain is a decentralized real estate marketplace for investors who are interested in investing in real estate. However, the platform will offer home owners the possibility to be involved in the real estate development process in order to create real opportunities for them to generate income.

What is Aqarchain

Aqarchain is a next generation blockchain architecture with a unique combination of features to achieve both scalability and speed. Aqarchain is the world's first blockchain operating with quantum resistance, supporting both public and private blockchain networks. The Aqarchain is the utility token within the Aqarchain ecosystem. With Aqarchain, users are able to register names with .aq domain names, send encrypted messages, and secure their data on the blockchain. Aqarchain is a project with a focus on solving the scalability problem for blockchain technology. Aqarchain is being used within the Aqarchain network to help facilitate cross-chain transactions between the system's artificial intelligence, decentralized applications, and smart contracts. Aqarchain is a new type of blockchain with a mining algorithm that is friendly to both consumer and mining hardware. It is the first blockchain designed to be mined efficiently with consumer-grade graphics cards. We believe Aqarchain can be a powerful tool for consumers, communities, and businesses.

The Aqarchain is a 3rd generation blockchain technology platform. It can be used for both public and private blockchain applications. It uses a consensus mechanism that is based on proof-of-stake rather than proof-of-work. The proof-of-stake mechanism is more efficient, reliable, has better security, and doesn't use as much electricity as proof-of-work. The proof-of-stake is a better option if you want to build a sustainable blockchain network. Aqarchain is a public blockchain platform that enables the development of decentralized applications. The goal of Aqarchain is to create a platform that allows for users to build dApps using languages they are already familiar with. The Aqarchain platform is powered by AQR, the native token of the Aqarchain platform. Aqarchain was built with the goal of simplicity in mind. It uses the natural simplicity of the language C++, along with the classic development software GCC, to create a blockchain platform that is fast, scalable, and secure.

IMG_20211025_095719.jpg

AQR Token Burn Mechanism

Aqarchain is a unique hybrid blockchain architecture that combines the advantages of the private blockchain with the flexibility, openness, and security of the public blockchain. Aqarchain will have a dual-token system, with one being an ERC20 compatible token for public blockchain transactions, the other being a private token that will be used for data storage in the private blockchain. Adding to that, Aqarchain's proprietary technology allows for the private blockchain to have its own virtual machine, which will enable the development of decentralized applications in the private blockchain. Users will be able to burn their Aqr tokens in exchange for reducing the total supply of Aqr tokens (burning tokens). The sacrificed Aqr tokens will be permanently removed from the total supply of Aqr tokens. Aqr tokens can also be burned in exchange for voting for the block creators. Users will be able to vote for block creators in exchange for sacrificing Aqr tokens. The sacrificed Aqr tokens will be permanently removed from the total supply of Aqr tokens.

The Aqarchain team is very excited to announce the next step in our development plan. The token burn mechanism is a very important milestone in our roadmap. We have decided to burn up to 50% of our existing token supply to reward our community members who have supported us through our journey. The token burn mechanism will reduce the total supply of the Aqarchain Token which will increase the value of the token for our community members. In this article, we will discuss about the token burn mechanism used by Aqarchain. It is one of the most important aspects of a blockchain because it will help in maintaining a sustainable token economy. Please read this article to know more about the token burn mechanism. The Aqarchain token burn mechanism is a smart contract which will burn a portion of the total token supply every month. The smart contract will send a fixed amount of tokens to a burn address from the total supply sending the rest to the developers. The burn address is a public address and anyone can track the transactions that get sent to that address. There is a time lock on the contract to avoid the contract from being halted.

IMG_20211025_095750.jpg

USEFUL LINKS

Website: https://www.aqarchain.io/
Telegram: https://t.me/aqarchainglobal
Twitter: https://twitter.com/aqarchain_io
Medium: https://smartchain.medium.com/
Facebook: https://www.facebook.com/aqarchain.io
Instagram: https://www.instagram.com/aqarchain/
LinkedIn: https://www.linkedin.com/company/aqar-chain/

AUTHOR'S DETAILS
Bitcointalk Username: Washhazard
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2767526
Proof of Authentication: https://bitcointalk.org/index.php?topic=5362995.msg58263209#msg58263209
Eth Wallet Address: 0x2149Be6Df0bF44e75a9C00AdF02504FBb4b297DA

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.029
BTC 56087.39
ETH 2965.10
USDT 1.00
SBD 2.15