Asch (XAS), whose full English name is Asch, is a token for an innovative blockchain application development platform based on a sidechain architecture. The project was officially launched on August 16, 2016.
Asch (XAS) Issuance Price
- Initial Issuance Price: According to public information, the initial issuance price of Asch (XAS) was approximately 0.2 RMB.
- Total Supply: The total supply of Asch (XAS) is approximately 110,974,507 tokens.
Asch (XAS) Project Overview
ASCH is a next-generation blockchain application innovation development platform based on a sidechain architecture.
- Technical Features: The ASCH Chain is designed to offer security, reliability, high efficiency, system flexibility, low cost, and ease of reuse. It supports JavaScript as the application programming language and uses relational databases to store transaction data, making DApp development similar to traditional web application development and thereby lowering the barrier to entry for developers.
- Consensus Mechanism: ASCH inherits and enhances the DPoS (Delegated Proof of Stake) algorithm, aiming to reduce the likelihood of forks and the risk of double-spending.
- Multi-Chain Architecture: Through its multi-chain architecture design, the ASCH ecosystem comprises multiple chains, each capable of supporting multiple tokens or assets, which can be transferred across these chains.
- XAS Token Use Cases: XAS is the native token of the ASCH public blockchain, primarily used to pay smart contract gas fees and as a voting credential in community governance.
- Use Cases: ASCH is designed to be open and not limited to specific fields; it can be freely combined to enable various applications, such as news aggregation, asset issuance, arbitration, proof of existence, property rights certification, the Internet of Things (IoT), supply chain finance, asset digitization, product traceability, prepaid card systems, and blockchain-based contract evidence storage.
The ASCH platform provides a public blockchain and a set of application SDKs (Software Development Kits).The public blockchain, serving as the main chain, is responsible for infrastructure, data sharing between applications, and asset routing, while the application SDK is used to build sidechain applications with independent, tamper-proof ledgers. Through the built-in cross-chain protocol, sidechain applications can exchange assets with the main chain, enabling the circulation of various assets.
