The emergence of Bitcoin makes it possible to go to a decentralized currency system. After several years of development, it has been found that the block chain technology of Bitcoin has great potential and it can be widely used in all walks of life. In order to make better use of the block chain technology, there appears a number of application platforms represented by Ethereum, which encapsulate the underlying protocol and build the infrastructure to provide the developer with a more friendly and more flexible interface, making the developer to focus on the business logic and improve the development efficiency greatly. The Asch system introdeced in this paper is also a development platform for decentralized application, the following part will elaborate the characteristics, principles and application scenarios of Asch system
About Asch Platform
Asch is a decentralized application platform, providing a series of SDK and API to help developers creating decentralized applications based on JavaScript and sidechain technology. By providing a whole set of industry standard solutions including customized sidechain, smart contracts, application hosting, and etc., Asch intends to offer an easy-to-use, fully functional and plug & play ecosystem, by which developers can rapidly iterate their JavaScript applications, and easily deploy them into application store built in the system. These application can be smoothly downloaded and executed by every node and user located in everywhere of this ecosystem. The whole process will be secured by the Asch sidechain consensus network.
On the other hand, Asch itself is also a fully opened, decentralized application, which has its own cryptocurrency known as XAS.XAS is capable of interfacing with sidechain or any decentralized application (DAPP) through “two-way peg” mechanism so that it can be the bridge or media for the asset transition among all DAPPs, and to achieve that purpose, the XAS will be sold to the investors before the deployment of the system. Once the Asch system is published, it will not under the control of the core development team, but the stakeholders of the system and the owners of XAS.
Asch Whitepaper pdf