Apollo Foundation Developing Post-Blockchain Infrastructure and Decentralized Internet
The firm is
developing DAG consensus technology and ARKnet, a decentralized application platform.
New York / August 12, 2019 /Apollo
Foundation is announcing Apollo 2020, the firm’s
roadmap for a post-blockchain future. A key initiative is the development of
DAG (directed acyclic graph), making Apollo one of the first cryptocurrency
projects to build the decentralized, post-blockchain consensus technology.
foundation will develop: ARKnet, a
decentralized application infrastructure; smart contract capabilities; a
tokenization platform; Apollo Cloud, a decentralized cloud storage service; and
national currency initiative in Africa, in partnership with ADF Group.
2020 vision is to become a next-generation, post-blockchain cryptocurrency.
We’re architecting a post-blockchain distributed ledger technology (DLT) based
on the advanced principles of DAG (directed acyclic graph) consensus,”
says Steve McCullah, director of business development. “This technology will
put Apollo’s features above the competition. With an expected TPS (transactions
per second) of at least one million, Apollo will offer capabilities surpassing
anything on the market today.”
acyclic graph (DAG) functions as a network of interconnected branches that
grows outward in several
Transactions can be confirmed in order of magnitude faster while remaining
decentralized since each node confirms only the previous one.
High transactions per second (TPS)
Low transaction fees
Nano transactions and micropayments
solves the problems of scalability, high fees, and long confirmation times. With
DAG, the foundation will work towards the following:
Solve scalability issues of existing DLTs
Distinguish the Apollo platform from traditional block
ledger-based storage by employing an improved version of existing DAG-based
Process at least one million TPS (transactions per second).
foundation is developing ARKnet, a decentralized application (dapp)
infrastructure within the Apollo ecosystem. It will enable the creation of a
decentralized internet without the limitations of current blockchain systems.
ARKnet will be the most powerful decentralized application infrastructure on
the market. It will offer advantages such as security, transparency, and
persistence in operational processes.
decentralize information, which makes the data immutable and protected from
Apollo team wants to utilize the full potential of a new decentralized,
will launch an enhanced tokenization platform that allows seamless smart
contracts to be issued quickly and effectively,” says McCullah. “It
will enable the exchange of tokens directly on our decentralized exchange
(DEX). Apollo Wallet can also function as an ICO and token-sale platform for
strives to be a leader in tokenization by featuring:
Higher TPS (transactions per second)
Simplest smart contract capabilities
Cloud will become one of the first decentralized, near-limitless cloud storage
systems. It will be affordable and practical.
decentralized file storage system will allow anyone to earn fees by
partitioning off hard drive space with one click. Users can safely store files
of nearly unlimited size with the security and privacy of decentralization.
traditional cloud storage such as Dropbox, users are forced to rely on a
centralized company with strict terms and agreements, worldwide law enforcement
compliance, KYC requirements, as well as centralized servers that are
vulnerable to manipulation and access by staff and hackers.
personal information and sensitive files are in the hands of the company.
Moreover, current decentralized options are severely limited by their
corresponding blockchain. Size is limited and storage is inconsistent because
as user-run nodes are removed, information is also removed. Additionally, cost
is astronomically high compared to traditional methods, and impractical for
multiple or large files.
are Apollo Cloud’s features:
Data is stored in the network
Users can store their information, as well as create the ability
for others to store data
Users can earn fees by providing storage services
will also focus on achieving true mass adoption via its national currency
initiative. The initial target is the continent of Africa, where the foundation
has partnered with ADF group to pitch to all 54 nations on the continent of 1.2
foundation is developing tools for mass adoption, including a lite wallet app.
The mobile app will have QR code, as well as merchant features. This will help
Apollo to gain merchant adoption globally.
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of EWN or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.