Introducing AICT

AICT Foundation
Jan 10, 2018 · 2 min read

Blockchains have become popular Since the inception of Bitcoin in 2008. Bitcoin-like cryptocurrencies aim to create a decentralized transaction ledger and defend against double-spend attacks from malicious nodes that are also parts of the network. However, the consensus mechanism behind bitcoin, proof-of-work is proven to be too slow to adapt to number of daily scenarios, often costing more than one hour to confirm and verify a transaction. To solve the scalability and consensus problem caused by traditional PoS and PoW, we are introduce you AICT.

The AICT Internet of things application network uses DAG technology (directed acyclic graph), in which each user can submit a data unit. The data unit can contain conditional control of different classes and processes (such as transactions, messages, application management, intelligent management, etc.). The characteristic of DAG (directed acyclic graph. DAG) is that the write operation of data unit is asynchronous, and a large number of clients can write all kinds of data asynchronously to DAG independently, which can support large amount of concurrency and extremely high speed. At the same time, TrustNote using DAG technology also supports declarative smart contracts, which are meant to be written directly according to what the user wants, to describe them in a very simple language.

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AICT is great. The future is now.

AICT Foundation

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Serving the next generation of Internet of Things Ecosystem.

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