Category:Finance Developer:Orbaic (ACI)
Size:7.64MRate:4.3
OS:Android 5.1 or laterUpdated:Nov 29,2024
Orbaic Miner is a decentralized, transparent, single-layer blockchain network utilizing a proof-of-stake (PoS) consensus mechanism. This ensures secure and energy-efficient transactions at reduced costs, facilitated by its high scalability and native token, ACI. Smart contracts enhance trust and efficiency, fostering community engagement within a diverse financial ecosystem.
Orbaic Protocol Overview:
Operating as a self-contained, single-layer blockchain network, Orbaic employs a proof-of-stake (PoS) consensus mechanism for fast and energy-efficient transactions.
Proof-of-Stake Mechanism:
Orbaic's PoS mechanism secures the network through token staking by validators, promoting sustainability by minimizing computational demands.
Scalability Solutions:
Orbaic Miner achieves high throughput via sharding, enabling parallel transaction processing.
Tokenized Value Transfer:
ACI tokens enable swift, transparent, and intermediary-free value transfer, enhancing transaction clarity.
Incentivization Model:
ACI tokens incentivize validators and contributors, strengthening network security and decentralization.
Automated Contracts:
Smart contracts automate agreements, eliminating intermediaries and reducing costs.
Practical Applications:
Smart contracts find applications in crowdfunding, supply chain management, and decentralized finance (DeFi).
Community Engagement:
Orbaic prioritizes community involvement, with active contributions from developers and validators.
Future Development Plans:
Orbaic's roadmap includes protocol improvements, ecosystem expansion, cross-chain compatibility, and decentralized governance.
Potential Risks:
Challenges include regulatory hurdles, security vulnerabilities, scalability limitations, adoption rates, and maintaining decentralization.
Token Details:
ACI is the platform's native token, facilitating transactions and incentivizing participation.
Initial Token Offering (ITO):
Orbaic Miner conducted an ITO to fund development.
Team and Advisors:
Token allocation to the team and advisors reflects their commitment and expertise.
Security and Scalability:
Orbaic prioritizes robust security measures and scalable solutions.
Pre-mining Phase:
Pre-mining enabled controlled token distribution, fostered partnerships, secured funding, and facilitated community development.
Considerations:
Transparency, fairness, vesting schedules, lock-up periods, and regulatory compliance were crucial during pre-mining.
Investor Safeguards:
Clear disclosures and risk disclaimers were paramount for investor protection.
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