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.