Achain
Crypto Overview
Overview
Achain is a public blockchain platform that enables developers to issue tokens and create smart contracts, dApps, and blockchain systems. The platform was launched in 2015 with the goal of building a boundless blockchain world.
Purpose and Utility
Achain was designed to be a platform for building decentralized applications with its native token ACT used for network operations and governance. The platform employs a Delegated Proof of Stake (DPoS) consensus mechanism and claims to offer high performance and scalability.
Current State and Development
As of 2023, Achain appears to have minimal development activity and limited real-world adoption. The project's GitHub repositories show sporadic updates, and community engagement across social media channels is minimal. While the platform technically remains operational, its ecosystem appears largely dormant.
Token Distribution and Governance
Information about current token distribution is limited, though the initial distribution included allocations for development, marketing, and community building. The project implemented a DPoS governance system where token holders can vote for network validators.
Business Model Analysis
The core business model involves providing blockchain infrastructure for decentralized applications, which is inherently halal as it creates real utility through technology services. There are no apparent mechanisms involving riba or gambling in the base protocol.
Crypto Impact
To assign a comfort level investing in Achain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Achain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.