TTC — Whitepaper 2.0 Update
Master/Slave network and TTC Platform/Acorn Protocol separation
Dear supporters,
Prior to the launch of our main network Rigi on March 31st 2019 (in less than 24 hours now), we are hereby announcing the release of our Whitepaper 2.0.
In the Whitepaper 2.0, we combined the contents from the previous Whitepaper and the Ecosystem Whitepaper. It contains the in-depth information regarding the technological improvements applied to the TTC blockchain platform.
This article explains two biggest changes we made. For more details, we recommend you to read the Whitepaper 2.0.
Master/Slave Networks
We have improved the scalability of TTC significantly by isolating where and how asset and data transactions will be recorded and synced. The Master network primarily deals with asset transactions with a relatively high security demand, while Slave networks mainly record data with a relatively higher speed.
In addition, the master network and slave networks run in parallel. Selected Representatives will produce blocks on both the master network and slave networks in one time period. Representatives that fail to produce blocks on either networks will be penalized.
The change was applied to the system through the Merapi hardfork last January. As TTC main network Rigi inherits the core structure from the Merapi, it will launch with one master network and multiple slave networks.
TTC Platform & Acorn Protocol Separation
The current ERC-20 TTC will be separated into a platform coin TTC and a social protocol token referred to as Acorn Token (“ACN”), creating simpler yet more sustainable token economy models for each.
The TTC blockchain is a public blockchain platform leading mass adoption of blockchain through its technological advancements and sustainable token economy model. TTC coins will be used for block production rewards and voting rewards along with other blockchain platform functions.
Acorn Protocol is the first social networking protocol based on the TTC Platform. It incentivizes users who make meaningful contributions to their networks via the ACN. ACN will be used as a universal currency to reward users, advertise, and purchase goods.
TTC Coins and ACN complete the growth cycle of TTC. Acorn Protocol grows its user base by partnering up with already established social networks. Users will receive ACN rewards through TTC Connect, the official mobile wallet of TTC, and will naturally be introduced to the TTC ecosystem.
After the Main network launch, one (1) current ERC-20 TTC token will be swapped to one (1) TTC platform coin and ten (10) ACN. All TTC platform coin and 30% of ACN token will be available for transfer and trading right after the token swap. The remaining 70% of ACN token will be locked-up for 30 days.
The information regarding above updates can be found on our newly updated website.
If you have any questions, reach us through our telegram channel and official email. We will continuously share updates and progress to the community. Thank you for your support and interest.
TTC Foundation
About TTC
TTC is a blockchain fit for mass adoption and a sustainable token economy model. For details, visit our website. For the latest news on TTC, join our Telegram and follow us on twitter.
About Acorn Protocol
Acorn Protocol is a blockchain protocol for social networks to seamlessly implement a rewarding system for its user participation. We work to disrupt the unjust value distribution of centralized social networks.
