The Asia Blockchain Community, a brand operated under Blockcast.cc will be hosting an AMA session with CIC Chain on 24 May 2022, 8.00 pm Singapore time (GMT +8) on Telegram Channel, Asia Blockchain Community (https://t.me/Blockcastcommunity).
CIC Chain is Hyper-Ethereum – A hybrid Hyperledger BESU and Ethereum Virtual Machine (EVM) compatible network, which we’re calling CICstarter. By proxy, CIC Chain has limitless potential to disrupt any and all services that utilise electronic payments, due to the technical capabilities of its technology.
CICstarter is their version of the Ethereum Virtual Machine which is fully EVM compatible, meaning you can build all of your favourite solidity based applications using tools like Remix, Truffle, Hardhat or Tenderly.
EVM, or Ethereum Virtual Machine is a software platform which allows developers to create and use decentralised apps (DApps) on the Ethereum blockchain. It was a revolutionary technology which disrupted the blockchain space when it was first released, and is now the most widely used crypto software platform on the planet. Because of its ease of use and popularity, many other blockchains have forked (copied) EVM and all of these new blockchains are by proxy, compatible with the EVM. This means that EVM developers can use the same tools to deploy crypto tokens or DApps on any EVM compatible chain, and it means that each different EVM chain can be bridged to one another (all EVM blockchains can be cross compatible). EVM is best used for public blockchains and is the standard choice for aspiring developers, who are revolutionising the DeFi (Decentralised Finance) space.
CIC is powered by our state of the art ‘Imprism’ technology. It’s fast, robust, reliable and scalable. A hybrid consensus mechanism which combines PoS (Proof of Stake) and PoA (Proof of Authority). When combined, we get ‘PoSA’ (Proof of Stake Authority), the mechanism used by BSC. Imprism takes this combination further, however, with its in-built refraction mechanism – ‘PoR’ (Proof of Refraction). ‘PoR’ was developed to fix the scalability issues found in PoS blockchains, by making them up to 90% more efficient.
CIC Chain, being ISO compliant, has the ability to disrupt any and all industries which utilise digital payment systems. When considering blockchain utility, many investors believe that the power to take control of their finances, or ‘to be your own bank’ is extremely important and the best new crypto start ups are the ones who innovate in this manner.
You can learn more about CIC Chain on Asia Blockchain Community.
The Asia Blockchain Community (ABC) is a community based run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months. Visit us at https://t.me/Blockcastcommunity.