Accumulate Releases Whitepaper - An Identity-Based Blockchain Protocol with Cross-Chain Support, Human-Readable Addresses, and Key Management Capabilities
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Miami, FL, United States, 14th April, 2022, Chainwire
Developers of Accumulate are announcing the highly anticipated release of the Accumulate Whitepaper.
The document provides a detailed look at Accumulate’s identity-based, delegated proof-of-stake blockchain solution and how it plans to achieve its mission to create a universal communication and audit layer for individuals, entities, and blockchains to transact with each other using Accumulate Digital Identifiers or ADIs.
Through cutting-edge innovations in blockchain interoperability, scalability, and modular design, Accumulate is forging a new path for the decentralization of the traditional economy and the onboarding of millions of individuals and entities to the Web3 space.
Accumulate Digital Identifiers or ADIs are human-readable addresses similar to website URLs that are chosen by individuals or assigned by organizations to represent their presence on the blockchain. Digital identifiers refer to a system for assigning unique digital identities to assets, individuals, or entities on the blockchain.
ADIs enable more flexibility and deployment of complex operations by issuing a hierarchy of keys with different permissions or levels of security.
This allows entities operating on the blockchain to more easily build standardized yet scalable protocols for other entities to interact with and exchange sensitive information with them based on their access permissions for specific data sets.
Using ADIs, Accumulate can serve as the de-facto communication and audit layer between blockchains, enabling the seamless transfer of tokens or other kinds of digital assets between ADIs across
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