Antshares Blockchain Based Ledger Protocol for Financial Applications Launches Successful ICO, Newswire

Antshares Blockchain Based Ledger Protocol for Financial Applications Launches Successful ICO

Antshares is the latest development in the Blockchain ecosystem that creates a bridge inbetween a cryptocurrency driven financial system and real world assets. In its ongoing ICO, the platform has raised over four thousand four hundred BTC under two weeks.

Shanghai, China, August 29, two thousand sixteen (Newswire.com) – A blockchain based digital assets platform, Antshares is leveraging the power of distributed ledger technology to create a peer to peer platform that permits people to collaborate, build and share financial assets on a decentralized network.

The platform is presently in the process of running a very successful ICO where it has already raised over four thousand four hundred bitcoins within two weeks. The ICO began on August 8, two thousand sixteen and will proceed till September 7, 2016.

Overview of the Antshares Platform and its features

Antshares bridges the gap inbetween digital and traditional financial ecosystems by permitting the creation of digital assets and conversion of real-world financial assets to virtual ones. People can register, deposit, transfer, trade and even make settlement of digital assets over Antshares network.

E-contracts and Fiat Currency Support

Activities on Antshares network are registered as e-contracts on the underlying distributed ledger. These e-contracts can be used to maintain a record of transactions and rights associated with digital assets like equities, claims, securities, financial contracts, credit points, bills and currencies. E-contracts have to be signed and verified by both the sender and the recipient, just like in real world to ensure compliance with existing legal, regulatory and compliance structures. Unlike other blockchain based financial asset platforms that use cryptocurrencies for transactions and value exchange, Antshares permits people to use fiat currency over its blockchain . The use of fiat currency makes the platform stable, unaffected by the volatility of digital currencies while being ideally in sync with the conventional financial system.

User-controlled Identity Authentication

Antshares platform closely matches with the existing structures to ensure ease of migration from conventional documentation procedures to digital ones. The user-controlled identity authentication permits parties to the contracts to request for a digital signature from others to verify the identity of those involved in the process. The digital signatures are registered on the blockchain and it is accessible only by the parties involved in the transaction.

Antshares deviates from the existing bookkeeping norms set by the likes of Bitcoin , Ethereum and Bitshares by permitting joint book-keeping where more than one person is involved in the process. In this process, the bookkeeping knots are generated following an internal consensus, ensuring consistency and finality of the decision, which is further reinforced by voting. The joint bookkeeping process is favorable to organizations and companies where the power to make decisions lies in the arms of more than one person.

Antshares dBFT Consensus Algorithm

The use distributed Byzantine Fault Tolerance ( dBFT ) Consensus Algorithm increases the fault tolerance of the distributed ledger. It permits Antshares to separate bookkeeping knots from ordinary listening knots that match orders and generate blocks to be added later on to the bookkeeping knot. It also makes the platform more energy and time efficient.

Division of Labor of Knots

The blockchain network in Antshares is further optimized by the clear demarcation of tasks to prevent unnecessary exploitation of members’ storage space and processing power. The bookkeeping knots and total knots are operated and maintained by service providers. They are responsible for storing and treating accomplish copies of the blockchain while individual users can access the network and conduct necessary operations using either a light knot or a browser interface.

The low latency and high throughput architecture of Antshares , brought about by the use of powerless trust based consensus mechanism will permit unlimited scalability of the network. With a block interval of fifteen seconds, Antshares blockchain is capable of processing ems of thousands of requests per minute. Antshares private blockchains can be customized by organizations to meet their specific requirements.

In order to cut the processing time and power, the order book-keeping and order matching is delegated to a secondary layer of the blockchain instead of core bookkeeping knots. The use of numerous layers offers greater control over transactions to Antshares users. During a transaction, orders are matched by the secondary layer of the blockchain , which then sends it to the primary book-keeping knots for clearance and settlement. Users can determine to cancel a transaction by launching a dual spend attack before the transaction is cleared by book-keeping knots.

Antshare is a digital asset indicating the ownership of the Antshares platform. In order to facilitate payment of fees and other transactions for the platform’s operations, Antshares has dedicated another crypto -token called AntCoin . The platform has motionless the total number of Antshares and AntCoins at one hundred million, with the smallest unit of the asset being one Antshare .

Few potential applications of Antshares include:

  • Equity Crowdfunding
  • Peer-to-Peer Lending
  • Digital Asset Exchange
  • Loyalty Programs
  • Supply-Chain Financing

Antshares is already halfway through its very successful month-long ICO process. Within two weeks of launch, the platform has raised over four thousand four hundred bitcoins . It is the very first fully refundable ICO where the investor may choose to abandon and withdraw the funds any time before the launch of Antshares software. In order to maintain transparency and accountability, the platform has partnered with two reputable cryptocurrency exchanges – HaoBTC and Digital Assets Coalition Asia. Each platform holds one of the three keys to the multi-signature ICO wallet.

Those interested in participating in the ICO can do so at the following link.

  • 10% to early supporters
  • 17% to participants of ICO Phase-I
  • 23% to participants of ICO Phase-II
  • 50% held by Antshares team, locked for a period of one year after the launch of Antshares Mainnet .

Year One – Block zero to Block Two,000,000 – eight AntCoins per block

Year Two – Block Two,000,000 to Block Four,000,000 – seven AntCoins per block

Similarly, the generation of AntCoins per block will be diminished by one for each Two,000,000 block intervals over the years until it reaches one AntCoin per block in the 22nd year.

Antshares is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only.

Antshares Blockchain Based Ledger Protocol for Financial Applications Launches Successful ICO, Newswire

Antshares Blockchain Based Ledger Protocol for Financial Applications Launches Successful ICO

Antshares is the latest development in the Blockchain ecosystem that creates a bridge inbetween a cryptocurrency driven financial system and real world assets. In its ongoing ICO, the platform has raised over four thousand four hundred BTC under two weeks.

Shanghai, China, August 29, two thousand sixteen (Newswire.com) – A blockchain based digital assets platform, Antshares is leveraging the power of distributed ledger technology to create a peer to peer platform that permits people to collaborate, build and share financial assets on a decentralized network.

The platform is presently in the process of running a very successful ICO where it has already raised over four thousand four hundred bitcoins within two weeks. The ICO began on August 8, two thousand sixteen and will proceed till September 7, 2016.

Overview of the Antshares Platform and its features

Antshares bridges the gap inbetween digital and traditional financial ecosystems by permitting the creation of digital assets and conversion of real-world financial assets to virtual ones. People can register, deposit, transfer, trade and even make settlement of digital assets over Antshares network.

E-contracts and Fiat Currency Support

Activities on Antshares network are registered as e-contracts on the underlying distributed ledger. These e-contracts can be used to maintain a record of transactions and rights associated with digital assets like equities, claims, securities, financial contracts, credit points, bills and currencies. E-contracts have to be signed and verified by both the sender and the recipient, just like in real world to ensure compliance with existing legal, regulatory and compliance structures. Unlike other blockchain based financial asset platforms that use cryptocurrencies for transactions and value exchange, Antshares permits people to use fiat currency over its blockchain . The use of fiat currency makes the platform stable, unaffected by the volatility of digital currencies while being ideally in sync with the conventional financial system.

User-controlled Identity Authentication

Antshares platform closely matches with the existing structures to ensure ease of migration from conventional documentation procedures to digital ones. The user-controlled identity authentication permits parties to the contracts to request for a digital signature from others to verify the identity of those involved in the process. The digital signatures are registered on the blockchain and it is accessible only by the parties involved in the transaction.

Antshares deviates from the existing bookkeeping norms set by the likes of Bitcoin , Ethereum and Bitshares by permitting joint book-keeping where more than one person is involved in the process. In this process, the bookkeeping knots are generated following an internal consensus, ensuring consistency and finality of the decision, which is further reinforced by voting. The joint bookkeeping process is favorable to organizations and companies where the power to make decisions lies in the mitts of more than one person.

Antshares dBFT Consensus Algorithm

The use distributed Byzantine Fault Tolerance ( dBFT ) Consensus Algorithm increases the fault tolerance of the distributed ledger. It permits Antshares to separate bookkeeping knots from ordinary listening knots that match orders and generate blocks to be added later on to the bookkeeping knot. It also makes the platform more energy and time efficient.

Division of Labor of Knots

The blockchain network in Antshares is further optimized by the clear demarcation of tasks to prevent unnecessary exploitation of members’ storage space and processing power. The bookkeeping knots and total knots are operated and maintained by service providers. They are responsible for storing and treating accomplish copies of the blockchain while individual users can access the network and conduct necessary operations using either a light knot or a browser interface.

The low latency and high throughput architecture of Antshares , brought about by the use of powerless trust based consensus mechanism will permit unlimited scalability of the network. With a block interval of fifteen seconds, Antshares blockchain is capable of processing ems of thousands of requests per minute. Antshares private blockchains can be customized by organizations to meet their specific requirements.

In order to cut the processing time and power, the order book-keeping and order matching is delegated to a secondary layer of the blockchain instead of core bookkeeping knots. The use of numerous layers offers greater control over transactions to Antshares users. During a transaction, orders are matched by the secondary layer of the blockchain , which then sends it to the primary book-keeping knots for clearance and settlement. Users can determine to cancel a transaction by launching a dual spend attack before the transaction is cleared by book-keeping knots.

Antshare is a digital asset signifying the ownership of the Antshares platform. In order to facilitate payment of fees and other transactions for the platform’s operations, Antshares has dedicated another crypto -token called AntCoin . The platform has stationary the total number of Antshares and AntCoins at one hundred million, with the smallest unit of the asset being one Antshare .

Few potential applications of Antshares include:

  • Equity Crowdfunding
  • Peer-to-Peer Lending
  • Digital Asset Exchange
  • Loyalty Programs
  • Supply-Chain Financing

Antshares is already halfway through its very successful month-long ICO process. Within two weeks of launch, the platform has raised over four thousand four hundred bitcoins . It is the very first fully refundable ICO where the investor may choose to abandon and withdraw the funds any time before the launch of Antshares software. In order to maintain transparency and accountability, the platform has partnered with two reputable cryptocurrency exchanges – HaoBTC and Digital Assets Coalition Asia. Each platform holds one of the three keys to the multi-signature ICO wallet.

Those interested in participating in the ICO can do so at the following link.

  • 10% to early supporters
  • 17% to participants of ICO Phase-I
  • 23% to participants of ICO Phase-II
  • 50% held by Antshares team, locked for a period of one year after the launch of Antshares Mainnet .

Year One – Block zero to Block Two,000,000 – eight AntCoins per block

Year Two – Block Two,000,000 to Block Four,000,000 – seven AntCoins per block

Similarly, the generation of AntCoins per block will be diminished by one for each Two,000,000 block intervals over the years until it reaches one AntCoin per block in the 22nd year.

Antshares is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only.

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