About Chronicle Accelerate

Used as an online wallet or downloaded as an app, Chronicle Accelerate (XCL) reduces the risk attached to the volatility of digital currency and opens the door to the future of finance.

Chronicle Accelerate is designed for high performance distributed applications (DApps) using blockchain to monetize online services distributed across business where the use of cryptographic hashes and signatures reduce the level of trust required between organisations. This open source framework supports new applications which require high scalability, into many millions of transactions per second, derive revenue by providing an online service and shorter time to market by developing in Java, which has over 10 million developers worldwide. Our platform will leverage AI to control volatility and liquidity, require low energy and simplify compliance with integrated KYC and AML support.

Our proof of receipt model supports linear scalability of servers, as well as passing transactions via any existing protocol such as HTTPS or websockets. The platform can act as an off chain accelerator for any other currency such as ETH, BTC or USD.

Chronicle Accelerate is designed to have purpose based sharding as it offers:

  • Localising transactions within a region.
  • Private chains for greater security.
  • Off chains with novel and new transaction types.
  • Chains designed for lower latency or wider decentralisation.

Our Core Principles

Governance

The Accelerate protocol describes a governance structure, however, definitive rules will be determined by stakeholders. These decisions are to be determined weekly and can be adjusted in increments to avoid drastic changes. These decisions are to be determined weekly and can be adjusted in increments to avoid drastic changes.


Scalability

This is a multi tier platform design. High value, low volume transactions require the highest security, medium sized transaction happen in real time, and small transactions are designed for maximum scalability.


Energy Efficiency

With over 100,000/s transactions for a cluster of ten 500 W servers, Accelerate will aim to achieve a ratio of transactions per kWh that is over ten billion times more efficient.


Compliance

Accelerate works inside regulated markets, has compliance officers and maintains capital reserves. There will be a controlled and transparent means to ensure there is always enough money in the system.


Our Technology

Our technology will manage millions of transactions per second. Latency is the amount of time a message takes to travel a system, and Accelerate will deliver a consistent sub-second latency. This will provide a banking class structure on a level with the most used existing platforms, such as Visa.

Proof of receipt

Proof of Receipt allows individual nodes in the Blockchain to sign for a transaction, provided it is within that node’s risk profile. It will issue receipts to prove a transaction occurred, and who authorised it. Proof of Receipt will reduce the power consumption of micro-transactions.

Power consumption

Accelerate can achieve over 100,000/s transactions for a cluster of ten 500 W servers. This translates to around 50 mWs or 14 billionths of a kWh per transaction. A ratio of over ten billion times more efficient than Bitcoin.

Artificial Intelligence

Accelerate will use a transparent and open-source AI to reduce volatility. It will allow a free market for small market movements and either buy back or sell off reserve assets to reduce larger weekly movements.

 

To find out more about Accelerate technology, download our white paper below »

 

Download White Paper

Our Platform

Choose between Accelerate Basic and Accelerate Pro based on your digital currency requirements.
XCL Basic

Empowering
people

Make payments, international money transfers, buy and sell currency immediately – all in the safest and fastest solution available.



XCL Pro

Making transnational business easier

Gain access to advanced trading tools, hold and trade crypto, fiat currency and metals. Manage your transnational transactions in the one place.



Our Team

We have a proven track record of building open source software, and high performance trading systems for investment banking and hedge funds.

Front end design

Peter Lawrey
CEO

Peter has over 15 years of experience in optimising high performance systems, including ten years in fine-tuning financial systems. He specialises in low-latency Java, designing, developing and supporting systems for hedge funds, investment banks and trading houses.

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Anna Tarrant
Project Manager

Anna is project manager for Accelerate, working with the team to deliver the best product possible. Anna uses her vast experience and background in politics to assist in communication and the smooth delivery of tasks and timings.

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Lilia Villafuerte
Senior UX Designer

Lilia is a Human Computer Interaction (HCI) professional. As a consultant, she has a wide experience in Financial Services with global clients as UBS, Deutsche Bank and HSBC. She is an expert in design of emerging technologies and part of the European Commission Data Base of Independent Experts.

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Back end development

Rob Austin
Technical Development Director

As a Java developer with more than 20 years experience, primarily on trading and pricing systems for investment banks, Rob has worked as a Java specialist for investment banks focusing on trading and performance critical pricing systems. He is the Technical Director of Accelerate and Chronicle.

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Madhuri Sowmya Podaralla
Technical Lead

Sowmya is the Technical Lead developing the digital wallet application for Accelerate. She has over 13 years experience in developing Enterprise Web Applications and has been worked for numerous Investment banks in London, designing and developing java based web applications.

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Dmitry Pisklov
Developer

Dmitry has been working for investment banks and commodity trading for the last 10 years. As performance has always been Dmitry’s passion, the low latency space and Accelerate is a perfect fit for his unique skills.

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Romulus Pasca
Developer

Romulus is a Java developer, with more than 12 years of experience writing distributed software for financial markets. He is driven to create software that is elegant, fast, and reliable.

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Tony Gonzalez
Developer

Technical Lead / Java Developer with 20 years experience working as a Consultant for global Investment Banks in The City of London focusing on electronic trading.

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Advisors

John Bantleman
Entrepreneur and Mentor

John has founded and grown tech start-ups for over 30 years, working in venture funding, IPO’s, M&A, product positioning and go to market strategy. His experience drives him to focus upon working with the next generation of technical innovation.

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Sabrina Rai
Compliance and Regulation

Sabrina joins Accelerate as Head of Compliance and Regulation. Her experience working in the highly regulated pharmaceutical industry enables her to assist the team with compliance with appropriate governance and regulations.

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Contact us
1 Royal Exchange
London EC3V 3LL
United Kingdom

Email us at
enquiries@chronicle-accelerate.com

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