|
About:
|
<center><img src="https://i.ibb.co/zHVzYcC/header.png"></center>
<center><b><size>24pt]Arietta Smart Chain (ASC)</size></b></center>
<i>Arietta is an innovative blockchain network that introduces a next-generation Proof of Authority consensus mechanism, offering remarkable features such as over 100,000 transactions per second (TPS), swift block times, and significantly reduced fees. With Arietta, you can enjoy the advantages of Ethereum’s advanced smart contract capabilities, while experiencing enhanced speed, heightened security, and lower gas fees. Discover more about Arietta by exploring our comprehensive <a href=https://ariettachain.com/documentation/>documentation</a>.</i>
<center><b><size>16pt]Technical Details</size></b></center>
<b>Proof of Authority (PoA)</b>
POA stands for Proof of Authority, which is a consensus mechanism used in blockchain networks. In a Proof of Authority system, block validators are identified and authorized by a central authority or a select group of reputable entities. Unlike other consensus mechanisms that rely on computational work or economic stake, POA relies on the reputation and identity of validators to validate and add new blocks to the blockchain. Validators take turns proposing and validating blocks, and their identities are publicly known, allowing for increased trust and faster block confirmation times. POA is known for its efficiency, scalability, and resistance to certain types of attacks like the 51% attack.
<b>Block Time</b>
A new block can be completed in just 2 seconds, making it more than 6 to 7 times faster than Ethereum and substantially lower gas fees. This faster block time allows for quicker transaction finality and improves the overall user experience in terms of transaction speed and responsiveness. However, it’s important to note that network performance can vary based on factors such as network congestion and the specific implementation of the POA network.
<b>Speed of Transactions</b>
The speed of transactions in a blockchain with a POA (Proof of Authority) consensus mechanism and a 2-second block time refers to the time it takes for a transaction to be confirmed and included in a block. In this case, with a 2-second block time, transactions can be processed and finalized within a few seconds.
When a user initiates a transaction on a blockchain with a 2-second block time, it is typically validated and confirmed by the authorized validators within a short period of time. Once confirmed, the transaction is added to the next available block, and subsequent blocks are added at 2-second intervals.
This fast block time allows for near-instantaneous transaction confirmation, enabling users to experience quick transaction speeds and reduced waiting times compared to blockchains with longer block times. It enhances the efficiency and responsiveness of the blockchain network, making it suitable for applications that require fast transaction processing, such as real-time payments, high-frequency trading, or interactive applications.
<b>Utility</b>
The goal of a POA blockchain network for utility applications is to provide a reliable and efficient platform for various utility services. It aims to support a wide range of applications, including payment systems, supply chain management, data verification, identity management, and more. By leveraging the reputation and authority of validators, the network can achieve fast transaction processing, high throughput, and low fees, making it suitable for utility-focused use cases.
Additionally, a POA blockchain network for utility applications can offer customizable governance models, allowing network participants to make collective decisions and shape the direction of the platform. This ensures that the network evolves according to the needs and requirements of the utility applications it supports.
<center><b><size>16pt]Overview of technology</size></b></center>
<b>Proof of Authority Upgraded</b>
Arietta employs its proprietary Proof of Authority (POA) algorithm, which effectively mitigates the concerns surrounding the “51% attack” vulnerability. In the Arietta network, validators are trusted, independent entities who operate under contractual agreements to ensure the utmost level of security. This approach guarantees enhanced protection against potential security threats and reinforces the integrity of the blockchain ecosystem.
<b>Incredibly Fast, Secure & Low Transaction Fees</b>
Arietta’s cutting-edge and exclusive blockchain technology enables exceptionally fast transactions, ensures the security of validators, and offers incredibly low fees. With Arietta, you can effortlessly send and receive $ASC (the native token) almost instantly or utilize third-party payment systems for seamless transactions. The network empowers you to create tokens and utilities for various forms of payments, games, non-fungible tokens (NFTs), and decentralized applications (dApps). Leverage the capabilities of Arietta to explore limitless possibilities in the world of digital assets and decentralized ecosystems.
<b>Become a validator and make passive income</b>
Arietta operates as a layer 1 Proof of Authority (POA) protocol where validators are responsible for validating blocks. To enhance decentralization, network security, and scalability, Arietta introduces a unique feature where you can collect gas fees from transactions. These fees are in the form of ASC tokens, which you have the flexibility to withdraw at any time. As Arietta continues to gain adoption and offers extensive utility, the need for scaling will arise, resulting in the growth of your fee collection alongside increased usage and adoption of the network.
<center><b><size>16pt]Utility</size></b></center>
<b>DApps</b>
With the increasing adoption of Decentralized Applications (DApps) by governments and companies globally, Arietta is poised to scale and accommodate the evolving needs of these entities seamlessly and securely. Whether it involves currency converters, client management systems, or any other application, Arietta offers limitless utility and flexibility. The platform is designed to empower developers and users to build and utilize a wide range of applications, providing a robust and adaptable infrastructure to meet the demands of the growing DApp ecosystem.
<b>Non-fungible tokens (NFT’s)</b>
In recent times, Non-Fungible Tokens (NFTs) have gained significant popularity, and their utility is expected to expand beyond art in the future. Arietta offers a seamless experience for creating NFTs, just as convenient as Ethereum, but with significantly lower costs and faster transaction speeds. By leveraging Arietta’s blockchain platform, users can easily create NFTs and explore the limitless possibilities of this technology, all while benefiting from the advantages of reduced expenses and enhanced transaction efficiency.
<b>Gaming</b>
Initially, blockchain technology found its application in gaming primarily for NFT trading and in-game purchases. However, with the exceptional speed and scalability offered by Arietta, it is now possible to develop complete games on the network, complete with in-game real estate, player interactions, and more. This breakthrough capability enables developers to push the boundaries of game development and create immersive gaming experiences within the Arietta ecosystem. The combination of blockchain and gaming on Arietta opens up new horizons for innovation and presents exciting opportunities for the gaming industry.
<b>Smart Contract Tokens</b>
Porting existing token contracts to the Arietta network is a straightforward process, enabling seamless integration with the platform. However, the true value lies in leveraging Arietta’s exceptional attributes such as speed, flexibility, security, and ultra-low transaction costs. By utilizing Arietta for token functionality, a whole new realm of utility is unlocked that surpas
|