Hello, this time I will try to review a new project called Apollon Blockchain, let's just take a look at the brief review.
The Apollon Blockchain project aims to develop and support all the related business applications with the underlying Blockchain infrastructure technology. APO’s vision is to have a“free flow of value”, enabling users or members of the platform to enjoy the benefits of the rich offering of blockchain technology. Apollon’s business vision is to provide commercial-level integrated Blockchain infrastructure services. Apollon’s strategic plan is based on Blockchain based pan-entertainment service offering. And the Group may be closely following the footsteps of Tencent Holdings Limited (“QQ”), a Hong Kong Stock Exchange listed company on the gaming industry with a different set(s) of technology deployment.
The Apollon Blockchain project aims to develop and support all the related business applications with the underlying Blockchain infrastructure technology. The Group believes that APO Platform is one of world's first and most comprehensive multi-chain platforms, coving and re-sharping pan-entertainment and eCommerce ecosystem landscape. The re-sharping of products and service offering could mean that it is beyond a customer’s comprehension (never know such a product or service could exist) at this point in time. APO’s vision is to have a “free flow of value”, enabling users or members of the Platform to enjoy the benefits of the rich offering of blockchain technology.
APO's underlying technology infrastructure 1) uses BFT-DPoS as a consensus mechanism (“Byzantine fault-tolerant (BFT) consensus and Delegated Proof-of-Stake (PoS)”), supplemented by Blockchain cutting-edge technologies such as modular smart contracts, 7 zero-knowledge proofs, and state-channel technologies, to create high-throughput, high-security, resource-saving technologies with low-cost processing. 2) Longtooth as one of the world most innovated decentralized communication protocols to provide services to services direct communication without having to use any centralized servers. This is also a relatively better technology deployment method to prevent or reduce any hacking-risk, arising on single point of failure 3) TuYYo as one of the world most secure IM tools to provide state-of-art point-to-point, public and private (hot and cold) personal key to protect any message and document transferring to and from through the platform. 4) A technology combining NTRUsign signature and Keccak-512 hash algorithm reduces risk and threats of rapid development of quantum computing and popularization of quantum computers.
Apollon enables cross-chain interaction technology to allow many different Blockchains to connect and communicate with each other. A variety of systems can run through and to integrate with each other to provide an efficient, convenient, secured, and stable data processing. The Apollon Blockchain system enables a large number of Blockchain data to do parallel processing. The Group is closely watching the IT development of the Pratt & Whitney case of Blockchain deployment which apparently may trigger the change of the future evolution of FinTech deployment.
Apollon’s strategic plan is based on Blockchain based pan-entertainment service offering. And the Group may be closely following the footsteps of Tencent Holdings Limited (“QQ”), a Hong Kong Stock Exchange listed company on the gaming industry with different set(s) of technology deployment. The Group respects QQ group and its management, and it would be very hard to compete with QQ, based on their current offerings and its market position. However, the Group wonders that there must a new and disruptive way (according to Harvard Business School Disruptive business model) lying ahead of QQ’s current game offerings. That way, may be the Group can compete with QQ on their huge customer base.
When an interested APO commercial retailer, service provider or operator working on a legitimate and defined industry, once buys a defined quantity of APO coin, this entity can have the right to build and operate an electronic shop (“e-Shop”) on the platform subject to APO internal compliance review. Apollon will provide Blockchain BFT-DPOS secured mechanism to e-Shop operator, enhancing their ongoing and secured operations while offering corresponding incentives to the e-Shop operators and possibly their end-customers.
Apollon Blockchain offers high degree of seamless data processing productivity to ensure TPS throughput and guarantee continuous DAPP usage. An e-Shop operator can develop its own application running on side-chain basis within the system, such as games, chat or other applications enhancing a user’s experience. Apollon Blockchain offers a two-tier structure, meaning between the underlying Blockchain technology and commercial or e-Shop specific application. Operator can run its own customer’s payment and clearing infrastructure (say call it, POS) and Apollon will not involve on its POS flow.
APO underlying technology infrastructure uses BFT-DPoS as a consensus mechanism, supplemented by technologies such as modular smart contracts and state channel technologies, to build high throughput and security with low operating and running cost. Eventually, Apollon Blockchain will also support other popular Cryptocurrency, say Bitcoin or other ERC20 standard coins once a net transactional set of data are sent to the Blockchain level for clearing or application of Blockchain smart contracts. e-Shop operator runs its own business application on a side-chain basis and there are several available technologies available such as state channel, smart contract or flashing. There will be sufficient security mode being built into the whole network.
The double-layer mechanism is the unique digital system for APO's ecology. In addition, it will drastically increase the efficiency and reduce the payment and clearing transactional cost. It is a combination of market rate driven APO token and the constant dollar secondary currency. The characteristic of APO offers a shelter, shielding digital asset market rate fluctuation risk, ensuring a constant dollar nature of the settlement monetary tool, the secondary token.
The APO Blockchain underlying technology infrastructure for commercial applications has the advantages of high security and throughput, resource conservation, and low operating costs. The BFT-DPOS consensus mechanism is adopted, and APO incentive mechanisms are incorporated to achieve parallel processing. The super node governance mechanism is being put forward for DPOS super nodes to construct an ecological production framework.
APO eCo-Platform comprises of convenient commercial and other offerings such as online games, cross-border eCommerce, animation IP, travel and tourism service offering and other complementary service offering. Within the APO eCo-Platform, trading could be done directly, avoiding or eliminating unnecessary third parties “less-value-added” service, resulting in lower transactional costs. And the interaction with the respective trading party is direct, without the need of the middle man or intermediate.
The Group aims to conduct international business. To avoid or alleviate unnecessary transactional complication based on APO coin market value fluctuation. The platform service covers the entire entertainment industry, including but not limited to games, tourism, and cultural cross-over activities with efficient payment systems. In addition, the Group would also like to see reduction of transactional costs, increase of operational efficiency, and promotionof newer model of economic growth collectively.
The exchange gateway allows global APO merchants to quickly convert secondary token into their required currency. By using the redemption platform gateway, merchants can freely convert any legal currency, digital currency, and online platform tokens (such as online game tokens) in the ecosystem. In the same way, consumers can also use Level 2 token to purchase products or services from any merchant in the Apollon platform. They can also exchange secondary tokens with local merchants. In the APO Platform, LCASH can be used within the close circuit and with high degree of security and privacy protection. Moreover, LCASH has a constant value.
APO determines the block out time and in this case, every 0.5 seconds. At a given time, the production of each block will only be granted to a block producer. If a block fails to be produced within the specified time, the block at that specific time will be skipped. When one or more blocks are skipped, there may be more than 0.5 seconds of blocking time. In the APO system, 126 blocks will be generated per round (each block producer produces 6 blocks, multiplied by 21 block producers). 21 independent block producers will be voted by APO holders. Selected block producers will perform block production in the order agreed by most block producers (more than 15 block producers agree).
Every elements on APO system is meant for addressing some kind of services. APO adoptes Longtooth, an open and patented technology that can easily enable interconnectivity and interoperability between all services across different ecosystems thus potentially creating a massive combined ecosystem unmatched by others in size. It assigns unique identification to each participating service and its applications. Such identification will be used for authentication and authorization during interacting with other participating services. Latency issues are hugely alleviated as things to things communications can be used as much as possible instead of going through a middlemen cloud.
For information detail, visit link in below :
Website : https://www.apollon-foundation.org/
Twitter : https://twitter.com/ApollonAlliance?s=09
Facebook : https://www.facebook.com/ApollonAlliance/
Telegram : https://t.me/apollonalliance
My Bitcointalk Link : https://bitcointalk.org/index.php?action=profile;u=1305012;sa=summary
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
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