Akroma: Q&A

Eric Polerecky, CEO

First, I’d like to say I’m extremely humbled to have a Q/A published aside the likes of Adam Drapper and Brendan Eich — for me — they represent the type of reputation, approach and success I hope that Akroma has someday.

1. Why the name Akroma?

Akroma started off life called Trinity, it was a fork of NEO, which of course is the name of the main character in The Matrix. There was much that we liked about NEO but for various reasons we moved away and embraced Ethereum.

When we made the switch to build on Ethereum we kept the name Trinity… until we ran across another project using that name. Considering we were months away from a significant release we decided to rebrand.

I’m not sure how we ended up with Akroma, but it’s also the name of a Magic: The Gathering card. I don’t have any affinity for the card, just like the name.

2. What problem Akroma solves?

On the technical side, Akroma combines three concepts, smart contracts, oracles and masternodes. On the non-technical side, Akroma brings a unique take on governance, usability and provides a complete ecosystem.

With Akroma not only can you write smart contracts, but through the use of Oracles, those smart contracts will have a dedicated source of valid information that will extend the possibilities of smart contracts to be able to take action based on real-world data. The Oracles are being developed as part of the Masternode system that allows anyone to run a server that helps keep the network healthy.

Akroma’s governance model is a system of business rules being developed in conjunction with the protocol level changes designed to ensure that the Akroma network has the resources — people working on it — it needs for long term stability.

3. Akroma specs and how this translates to English for non-crypto speakers?

For non-crypto speakers: Akroma is an application development platform that has its own currency that is used to pay the costs of building out the platform.

For everyone else: Akroma is a fork of Ethereum with a built in fund for development and masternodes. By building these two actors into the protocol we align the incentive model of not only users and miners but a model that takes into account users, miners, node operators and developers.

4. What real life or digital solutions will the Sustainable Governance provide? Examples.

For Akroma, Sustainable governance means the alignment of the initial development team in a way that does not encourage bad actors, people “jumping ship” and overall are dedicated to the success of the network. These business decisions that we’ve made and continue to make are our governance model.

For example; Akroma is not an ICO. Rather, the protocol puts a small amount of AKA into an address that the foundation has access to, those funds are used to pay for servers, pay the developers, etc.

Another example is that the Akroma core team is only paid AKA for the hours they work. No work, no AKA.

5. Why Akroma MNs are different?

Our implementation is different, Akroma masternodes are not different, they are full nodes that propagate valid transaction throughout the network.

Our implementation is much more like Earn or Steamit than Dash. With Earn and SteemIt you are rewarded with crypto for performing a service to the platform — answering email or posting an article. Akroma masternodes function the same way, a centralized entity rewards network participants for taking actions that are positive to the platform.

Another way to look at Akroma masternodes is through the lens of Uber and Lyft drivers. These drivers don’t work for the company but offer a service to the company — driving consumers around — in exchange for payment.

Breaking down the concept of masternodes to something so simple, we decided to build the first version of the Akroma masternode system in a centralized fashion. This allows us to offer a much simpler, refined, and professional implementation.

6. What if I can’t setup an Akroma MN in Ubuntu, CentOS (only Windows) if my life depended on it?

depended on it?
There is no reason you can’t run an Akroma masternode on Windows, we just don’t have the bandwidth to provide the same level of support and documentation that we do for Linux. If anyone would like to send a PR for Windows setup and install we’d love it!

7. What real life or digital solutions will the Decentralized Oracles provide? Examples.

Oracles provide trusted input to smart contracts. Decentralized applications that can trust data from the “real world” unlocks the ability to create decentralized versions of systems that often require a 3rd party intermediary such as estate planning, gambling, and insurance businesses.

Oracles represent the type of developer focused features that we are bringing to the Akroma network. They are not our “killer” feature, and frankly the Oracle landscape is filled with many people working on this problem in many different ways.

8. How different is Akroma from your closest competitor?

Approach and team. Akroma’s approach is to build a professional, developer focused platform with calculated sacrifices in areas of decentralization in order to bridge the divide between the current development paradigm and the future.

We focus on building, and we don’t focus on other projects — to the point that I don’t have a good answer for this question :)

9. Who is behind Arkoma core team? Backgrounds?

For me, this is what I consider our “killer feature”. The Akroma team is made up of people I’ve worked with on multiple real life multi-million dollar projects. We all know each other’s strengths and weaknesses, we know what to expect from each other, we can count on each other and we trust each other.

The team members social links are on akroma.io but here are a few short bios. Andrew is an amazing designer — besides his work on Akroma you can view his profile here: https://dribbble.com/ahainen. Gun is one of the best mobile developers I’ve ever meet and his outside the box thinking will keep Akroma bringing unique features across the platform. Ian’s brings backend, frontend, linux and cloud infrastructure skills. And Megan is a Digital Marketing Strategist with experience across startups, agency and client-side environments. Graduated with MBA in 2017. Startup state of mind. And only person to submit a short bio when asked ;)

10. What is/will be Akroma marketing plan? Funding?

Marketing, or lack of, marketing Akroma has been mostly intentional. Akroma started off a FUBU (For Us By Us) project. Since our initial plan was to build something that we needed; there was no need to market to anyone else. However; Akroma has since grown into a project that stands on its own and with that we recognize that there are areas we will be being to focus on — marketing is certainly one of them but business development is another.

We recently added a team member focused on business development and will be posting details about our goals and accomplishments once that ball gets rolling.

11. Plans for other exchanges?

Plans yes, but we’ve found this area of the crypto-ecosystem to be much more challenging than expected. Right now we are focusing on one exchange and hope to have more details to release by the end of this month.

12. What the roadmap looks like?

The Q2 roadmap has been published.

Q2 roadmap

Our next quarter is all about connecting the dots. We are just a few months old and each team member has been off building their part of the platform, now it’s time to make sure all those pieces have the polish and functionality to present a complete application development and consumer platform.

The team has started having conversations about what’s next after Q2, we’ll never plan longer than 3 months, but I’m SUPER excited about some of the items we’ve been discussing. Akroma was born from necessity with a DIY ethos and we’ve realized there is a need, a problem and an opportunity to impact not just Akroma but the entire crypto ecosystem that we have the developers, designers, team and talent to solve.

Network Stats

@MasterLoads introduced me to Akroma, the deeper I read about it the more intrigued I was. They do not oversell the project, they do not overhype it, I even had to ask Eric to sell better Akroma in his answers to my questions, and the reason why I ask him to try to sell better Akroma is because of the following:

  • Honestly don't think I have seen a developer that is so involved with community, Eric answers ALL QUESTIONS on Discord. Eric absolutely does not sleep, or take a leak, or poop, he is a drone.
  • Community is not small, it has over 600 ACTIVE members on Discord, we are talking about a community only less than 3 months old.
  • Attention to detail is paramount to the team, just take a look at Website, WebWallet, Explorer, and Network Stats.
  • As Eric mentions on his Q2 Roadmap blog, “Akroma is being managed as an iterative process using agile methodologies and principles of a lean startup to find product-market fit while navigating the rapidly changing cryptocurrency landscape.”

All the above summarized means that they are building thoroughly from the ground up and I quote: “a cryptocurrency and application development platform focused on creating a governance model that will reward long-term, sustainable development and design.” All this driven by technical savvy community, maybe is the reason of no Windows Wallet.

My only problem with Akroma is that no resources have been allocated to create a Windows Wallet.

For all those newfound crypto/blockchain developers, masternode freaks, Akroma is for you.

If you enjoy the read, follow me on Twitter, is good for Karma.