Accumulate Litepaper Updated
The Accumulate Protocol (“Accumulate”) is an identity-based, Delegated Proof-of-Stake blockchain designed to power the digital economy through interoperability with Layer 1 blockchains, integration with enterprise tech stacks, and interfacing with the World Wide Web.
Accumulate bypasses the trilemma of security, scalability, and decentralization by constructing its blockchain entirely around Accumulate Digital Identifiers (ADIs) and adding validation to every layer. Identities are defined not by tokens but by hierarchies of keys, which support more complex operations than are possible with the simple and constrained smart contract-based frameworks of other blockchains.
The use of digital identities as the core basis of blockchain also provides greater flexibility over key management and enables the creation of independent chains that are processed and validated in parallel over Accumulate’s network. Combined with innovative features such as Scratch Space for consensus building, and Anchoring for added security, Accumulate has the potential to become a fast, secure, and linearly scalable blockchain purpose-built for powering decentralized finance applications.
ACME is the symbol of a cryptographic token used in the Accumulate protocol. ACME is one of two tokens in Accumulate. ACME can be burned to generate ENTRY tokens which are required to transact on the Accumulate protocol. For example: creating Accumulate Digital Identifiers (ADIs), storing data, and executing transactions are all paid for with ENTRY tokens generated by burning ACME tokens. The Accumulate protocol uses its two-token system to hold the cost of using the protocol constant by adjusting the conversion ratio between ACME and ENTRY tokens to account for fluctuations in the price of ACME.
Accumulate is a multichain platform that allows the distribution and validation of its contents across an unbounded number of cooperating servers.
ABOUT Accumulate
Accumulate is a high performance blockchain for DeFi, integrating blockchains, protocols, oracles, and applications. Accumulate shifts the paradigm for how blockchains manage data, tokens, and user
