ASCH: ASCH further improving decentralization by democratized proposal featurecrosschain blockchain-technology blockchain aschplatform
As key feature of blockchain, decentralization is affected by blockchain product, user, business value, etc. Asch (XAS), as a public chain, adheres to self-governing value, aims to achieve decentralization by community self-governing. The latest v1.4 mainnet update adds proposal function to further enhance democracy of the system.
Currently, proposal function in Asch (XAS) v1.4 mainnet can be used to gateway, including new gateway adding, gateway initialization, membership alteration. In the future, proposal function may have more use case, e.g. modifying mainnet parameter, adjusting handling charge, managing council fund.
The characteristic of proposal function is as follow:
All Asch (XAS) holders have the right to make a proposal ,which costs only 10 XAS.
The proposal maker can decide the type of proposal, number of people involved, the time of public voting, update frequency, etc.
3. Transparent and democratic
Once submitted, the proposal can be seen by all Asch (XAS) holders, 101 holders can vote on it, and the proposal can be approved when more than 68 holders support it.
Throughout the voting process, all voting related information is recorded on the blockchain, traceable and can’t be manipulated , thus ensuring the authenticity of the result.
Apart from the proposal function, the v1.4 mainnet update adds more functions such as decentralized gateway, group account, exchange between XAS and vote, voting agency, account alias. The v1.4 update has enabled crosschain transaction between bitcoin and bitcoin cash , and the following upgrades will allow crosschain transaction between bitcoin and Ethereum, as well as crosschain transaction among ERC20 tokens. The above new features will improve the mainnet performance and democracy.
Join ASCH Community:
ASCH further improving decentralization by democratized proposal feature was originally published in AschPlatform on Medium, where people are continuing the conversation by highlighting and responding to this story.
Original article was created by: ASCH at medium.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
Interested in Cryptocurrencies and ICO's?
Follow our telegram channel for daily cryptomarket reports!Join @cointrends
|1 hour ago||blockchain|
|1 hour ago||blockchain|
|1 hour ago||blockchain-technology|
|5 hours ago||blockchain-technology|
|1 week ago||aschplatform|
|2 weeks ago||crosschain|
Stay on top of Altcoins and ICO trends.
Subscribe to our free Weekly Cryptomarket report
Delivered once a week, strongly to your inbox.Subscribe to our mailing list
August 20, 2018
On 18th August, ASCH held a grand party in Beijing to celebrate the 2nd anniversary of its mainnet. ASCH is the next-generation blockchain application platform based on multi-chain architecture and specialized on cross-chain technology. ASCH wants to take this opportunity to thank ASCH people...From: ASCH
August 17, 2018
Technical UpdatesASCH V1.4Complete the upgrade of asch-js1.4.2 package in client V1.4Fix the council display problem in client V1.4Fix the bugs of asch-js when registering DAppOptimize asch–cli to conform to the eslint-config-asch-base standardCollect Asch V2.0 architecture requirements and...From: ASCH
Decentralized applications (dApps) are becoming increasingly useful for companies and developers all over the world. dApps are different from conventional applications which requires a central controlling authority to maintain the network and authorize any changes. dApps helps in eliminating the...From: ASCH
August 13, 2018
ASCH is approaching the 2nd Anniversary of its mainnet! The achievements of ASCH are the results of the combined efforts of everyone from ASCH team and community.On 18th Aug., ASCH will hold a party to celebrate this memorable day with our investors, partners, developers, and believers. This is...From: ASCH
Technical Updates:ASCH V1.4Fixed the display error of delegate list on clientFixed client v2 interface for receiving block information displayAdjusted text display of client v2 blocks interfaceFinished v1.4 local multi-node environment testingOptimized v1 interface compatibility. Exchanges v1...From: ASCH