About

Hybrid MultiChain blockchain system, this is the future of blockchain as we know it. One central chain commands 100.

The idea comes from the problem of there being hundreds of altcoins each maintaining their own software stack, most of which are forks of old and out-of-date versions of Bitcoin and Ethereum. There is a demand for a generic whitelabel cryptocurrency framework that keeps itself updated, handles the messy P2P blocktree negotiation and storage details, yet lets developers implement their own consensus details, native token, and scripting system. Similar things exist – Ethereum tokens, Multichain, NXT, Cosmos, and Hyperledger – however they all have serious drawbacks.
 
We envision something like Ethereum, except where each token is sharded out to its own sidechain, allowing node operators to pick and choose what (potentially huge and CPU intensive) blockchains they want to store for the particular apps they host (and benefit from), yet all are secured by a small shared proof-of-work mainchain. Such a thing does already exist with Blockstream’s Liquid Network and Elements (based out of Victoria, BC, with the original Bitcoin developers) – but their native tokens are still Bitcoin.
 
With a tokenless shared PoW mainchain, each sidechain has its own native currency. Miners’ rewards come from the sidechain blocks that they hash and include in their mainchain blocks, meaning that they can mine 100 coins at the same time. (They already can with merged mining, but then we run into needing to run 100 different codebases.) From my experience, native currencies are the key that DAOs need to implement their own fee and cryptonomic incentive scripting systems – and hence why there are still so many altcoins.

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Kiosk

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*Disclaimer: Arctic (“Arctic Networks Inc.). Arctic’s communications and communications emanating from its social media community are for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information available through Arctic are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not reflect those of Arctic Networks Inc., its subsidiaries or affiliates.

Note that certain Arctic product features listed are currently in development and will be available soon.

Arctic is currently registered in BC Canada, Getting early access to Arctic is defined as signing up for a place in line in Arctic virtual waiting room. Initially, residents of provinces Arctic is registered in will be notified first, based on current position in line and given an invite to access Arctic’s opening portal miner signup. For those in other provinces where Arctic is awaiting registration, additional portal invites will be given, based on position in line when those Arctic provincial registrations become effective. Gaining early access to Arctic’s virtual waiting room should in no way be construed as confirmation that an account has been or will be approved or opened or created.

System response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.

All securities and investments and cryptocurrencies are not going to be offered to self-directed customers by Arctic Networks Inc., as we are not yet members of financial regulatory bodies. Cryptocurrency trading is not offered through an account with Arctic. Arctic is not a member of FINRA or SIPC or FINTRAC or other regulators. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC. Arctic Labs and Arctic is a wholly owned subsidiary of Arctic Networks Inc.

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Founded by BLOXSAR

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