ArmoniaMetaChain——Objectives & Principles

 To address growing user application needs, blockchain technology has evolved from distributed ledger, to smart contract technology that supports all sorts of application logic, through to providing layer-0 and layer-1 SDK technology that facilitates rapid building of new blockchains, and building layer-2 to solve problems that couldn’t be solved with layer-1 technology, as well as bi-directional cross-chain technology.

  • massively parallel processing
  • modularized and extensible
  • customizable and configurable
  • To build a unified account and transaction addressing/routing system for the entire Armonia multichain universe;
  • AMC will issue a native token $AMAX, which will serve as the foundational value engine and trust anchor for the entire multichain based ecosystem;
  • To provide layer-0 and layer-1 blockchain template implementations and SDK which enables rapid blockchain creation and deployment for vertical application domain specific child chains that can inter-operate with AMC freely for asset mirroring and bridging;
  • ACC chains can be homogeneous chains or heterogeneous chains, public chains, private chains or alliance chains, etc., which can have their own choices and formation of consensus algorithm, virtual machine, block interval, finality and permission scope, etc. that determine a unique blockchain system;
  • After registering and staking escrow via the AMC chain, all distributed Internet resources (including distributed file storage, computing and networking, etc.) can be easily accessed and accurately metered. There will be various onchain charging models and open markets for all Web3.0 resources available throughout the Armonia network. The Armonia multichain platform can therefore become the cornerstone of the metaverse.
  • Secure and reliable: to ensure AMC has a characteristic of being highly decentralized. Any malicious activities can be detected, corrected and penalized, if not avoided on a timely basis. Therefore, all assets onchain can be truly safe guarded；
  • Extensible: through modularized “lego-style” building blocks, Armonia’s blockchain system can be combinable, replaceable and extendable;
  • High performance: AMC can achieve 5000+ TPS and generate blocks at 1 second intervals. In addition, through utilizing multiple ACC chains, transactions can be grouped or segregated into different ACC chains to achieve sharding effects and acquire massive parallel processing speeds. As the total number of ACC chains can be infinite, the overall performance would thus also be infinite.
  • Personalized: the characteristics of the ACC chains can be tailored, whereby Armonia’s multichain platform can support infinite kinds of demands from the over-laying ecosystem; and
  • Simply: Armonia’s multichain platform avoids any form of over-design or over-implementation to ensure the entire network maintains its overall security, reliability and agility.

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