Ambr gives green light for efficient and reliable dApp solution

HANGZHOU, China, Sept. 18, 2018 /PRNewswire/ -- From the release of the first dApp version of instant messaging, to the cooperation with the Babbitt Accelerator, and then to the finals of the 2018 Founder World Championship, Ambr has been moving toward the goal of decentralized, high speed, secure and private data transmission. 2018 has seen the underlying public chain undergo unprecedented and rapid development as information flow has become increasingly important to individuals, enterprises and institutions. As a result, the blockchain industry continues to explore comprehensive ways to spread out the flow of information in a faster and safer manner.

As an "amateur" who has been learning and growing in the blockchain industry for five years, Jia Chao, the founder and CEO of the Ambr, has devised a solution to the problem of rapid and safe information flow. Jia Chao, who is still only 23 years old, became involved with Bitcoin at the tender age of 18, although he is more than a blockchain technician. After he devised a future blockchain accelerator for the Dubai government, he firmly rejected an invitation from the chief architect of the blockchain on behalf of 51 major credit cards, choosing instead to create the Ambr.

Ambr is an underlying framework based on DAG technology and the Casper protocol. It also uses intra-chain and off-chain transactions to ensure the integrity of users, giving decentralized applications a more reliable operating environment. This works like an operating system on a computer where multiple programs can run separately without interfering with each other.

DAG+Casper + Cross-chain

DAG technology can bring more throughput than the traditional blockchain project. Each address has its own blockchain, namely, the account chain. When numerous accounts are running simultaneously, verification is added at the premise of not affecting performance to complete the Casper consensus and the distribution of fees. This approach allows Ambr to combine powerful data processing capabilities with absolute system security. The virtual machine of Ambr is partially compatible with some features of EVM but renders it more efficient and practical based on the ETH smart contract. Ambr has also addressed the issue of consistency when combining the DAG with smart contracts. The Ambr account chain fits perfectly and seamlessly with the relay chain model enabling Ambr to perform secure and fast transactions with other currencies. This cross-chain technology enables Ambr to transfers accounts across chains as well as currencies in the chain.

Intra-chain trading + off-chain trading

Ambr adds observers in the off-chain protocol. When establishing a channel, both parties can, for a small charge, choose an observer who can, by the proof on the chain, oversee and ensure their interests when they are not online. At the same time, to ensure the honesty of all channel users, if the merchant is cheated, he will lose his margin in all channels.

About Ambr

Ambr is an asynchronous cross-chain platform that supports smart contracts. The platform ensures security while providing a high degree of flexibility, scalability, and asynchronous concurrency in real time. Unlike most other platforms, Ambr uses the Directed Acyclic Graph (DAG) data structure instead of a blockchain. DAG along with the Casper protocol make up the foundation of Ambr. Each account on Ambr has a private chain, and verification chains are used to confirm transactions between numerous account chains without any performance loss. When the Casper consensus is completed, transaction fees are applied accordingly.

SOURCE Ambr