Ascendancy
Ascendancy is a Modular Decentralized Application Framework created to simplify the process of engaging in cryptocurrency projects and allowing users to develop their own decentralized applications.
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Abstract
Ascendancy is a Modular Decentralized Application Framework created tosimplify the process of engaging in cryptocurrency projects and allowing users todevelop their own decentralized applications. Applications can be as simple as astore, website/blog or as complex as a fully featured cryptocurrency in aseparate container.
Ascendancy Solution
Adopting a DPoS (Delegated Proof-of-Stake) Consensus, Ascendancy will makeuse of Delegated Nodes to secure the network and confirm transactions. Therewill be 101 community voted delegated nodes which have access to forgingwhile they remain delegated. Delegation happens by voting if you are a trustedmember of the community and/or hold a lot of ASC. The more ASC you have themore chance you have of becoming a delegated node to enable forging.“Delegated Proof of Stake (DPOS) is the fastest, most efficient, most decentralized, and mostflexible consensus model available. DPOS leverages the power of stakeholder approval voting toresolve consensus issues in a fair and democratic way. All network parameters, from feeschedules to block intervals and transaction sizes, can be tuned via elected delegates.Deterministic selection of block producers allows transactions to be confirmed in an average ofjust 1 second. Perhaps most importantly, the consensus protocol is designed to protect allparticipants against unwanted regulatory interference.” - bitshares.org
Technical Specifications
Token: ASCConsensus: DPoS (Delegated Proof-of-Stake)Total Supply: 44 Million ASC + ForgingBlock Target: Every 10 SecondsBlock Reward Structure: 5 ASC Per Block, reducing each year by 1 ASC until itafter year 5 it will stay at 1 indefinitelyDelegates: 101App Programming: Javascript with additions of Ascendancy Libraries
Mission
Our mission for Ascendancy, is to bring more and more people into the world of cryptocurrencies and make it easier for everyday applications to become decentralized.
An All-Purpose Framework
Whether you are wanting to create a web store or a full featured cryptocurrency, it is possible with Ascendancy and will be available 24/7 on all platforms. You can make use of HTML5, CSS3 and Javascript technologies to develop your own decentralized application.
Decentralized Applications
Ascendancy allows users to take advantage of Blockchain technology and join the future of financial technology (fintech). Simply by providing an easy Framework for designing and creating decentralized applications that can be used worldwide.
Security
Ascendancy is a cryptographically secure network based on Blockchain technology using a Delegated Proof of Stake Consensus (DPOS). Delegated Proof of Stake (DPOS) is the fastest, most efficient, most decentralized, and most flexible consensus model available. "DPOS leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way." - Bitshares.
Blockchain Technology
Decentralized
Secure
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