The top 5 reasons you should buy and hold ABA for long-term

EcoBall token (ABA) was listed on HitBTC on 7th September 2018 ! Here are the top 5 reasons that you should buy and will hold ABA for long-term.

A low-profile team with a solid technical background

The core technical team of Quark Chain Technology (Shenzhen) Co., Ltd. is composed of senior blockchain professionals from the Chinese Academy of Sciences, Huawei, Alibaba, Tencent, etc. The team masters the Core technologies such as computing, artificial intelligence, and peer-to-peer communication of blockchain and related fields. The team has rich experience in blockchain project development. Some leading team members are introduced as follows:

Hu Zhensheng

Founder, more than 20 years of software development and management experience, designed a certain technology leading, compatible blockchain operating system, applied for 9 blockchain invention patents and multiple software copyrights, computer software books writer (Published by People Posts and Telecommunications Press) ), designed a variety of blockchain industry application solutions (Internet of Things, cultural travel, health, games, points, wallets, exchanges, etc.), created Baidu word entry “blockchain economy”, “blockchain autonomy economy learn”.

Chen Huayi

CEO、Blockchain architect, Master Degree from Jilin University, has worked in Huawei for nearly 10 years and has been engaged in distributed system development. Developed a distributed file system, distributed database, big data system design, cloud computing, and cloud storage platform development. In-depth research on Bitcoin, Ethereum, Fabric, EOS, and implementation of blockchain projects, the design, and development of two large blockchain systems, and two blockchain technology patents.

Wang Xu

CTO, Chief algorithm engineer of blockchain Ph.D. of Chinese Academy of Sciences, FDTAI data scientist, years of artificial intelligence, machine vision, and Fin-tech, is good at algorithm development. He is proficient in control theory, proficient in C/C++, Python, etc. He has developed parallel simulation programs and visual tracking algorithms. He has conducted in-depth research and project implementation of open source blockchain algorithms such as BTC, Ethereum, and EOS. He has applied for 5 patents at home and abroad. He has one software copyright.

Wu Xiaolong

Blockchain Architect, core engineer of compatibility blockchain operating system, Master of Computing Institute of Chinese Academy of Sciences, years of experience in Tencent SDN and game server development and securities financial server architecture design, Meitu blockchain technology experts leading research and development of Meitu block Chain project, proficient in C/C++, TCP/IP, linux kernel, encryption algorithm, Golang, distributed system, high concurrent system, deep research on open source blockchain systems such as Ethereum, Fabric, EOS, familiar with Consensus algorithms such as POW, POS, DPOS, PBFT.

Luo Hanjun

Blockchain Architect, Master of Huazhong University of Science and Technology, a computer and communication expert who made great contributions to a well-known communication company, a blockchain key subsystem technical architect, good at quickly and accurately diagnose various stability problems of large systems, rich experience in complex system operation efficiency optimization, 17 national patents and 3 international patents.

The common features among the EcoBall development teams are well-educated talents from top universities in China, solid blockchain project development and execution experience. Many engineers come from successful blockchain project teams such as Ontology, Neo, Meitu, and Juzix. Even though the team keeps a low profile, I believe their expertise on blockchain technology will bear fruits in the nearly future.

Multiple major Technology Break-through

The EcoBall project (ABA as its token) development team independently developed an efficient consensus algorithm, decentralized distributed storage, multi-chain dynamic fusion, fast-speed cross-chain message routing mechanism, and hardware accelerated transaction technology to achieve a blockchain operating system platform with high performance and high scalability.

One click chain generation

The biggest technical break-through of EcoBall is one click chain generation. It can generate corresponding public, private, and alliance chains with just one click, laying the foundation for large-scale commercial and enterprise applications. It is called the business chain (or business main chain) for development, there is a primary and secondary relationship between the business chain and the main chain and parallel with other business chains.

Ecoball’s multi-side chain can adapt to flexible business needs, designing business main chain on demand, for example, can create culture blockchain, game blockchain, medical blockchain and so on. After the user has mortgaged a certain amount of EcoBallToken (ABA), a main chain can be extracted, and each main chain can generate its own/side chain. The parallel main chain can also realize the organic integration of the public chain, the alliance chain, and the private chain. DAPP can also be deployed based on the logical space of one chain. The entire EcoBall can realize the parallel of full service.

Other major technology development break-through are:

High throughput

EcoBall’s transaction verification process is realized through domain distributing mechanism, distributing domains according to the factors of geographical and load sharing. Each domain independently completes the transaction confirmation and packaging, and the information summary synchronization between domains is performed. The main functions are all running independently and in parallel. Secondly, the multi-chain parallel design, the functions are relatively isolated, and the chains operate in parallel, which greatly improves the blockchain operation efficiency and supports the parallel operation of smart contracts.

Decentralized data storage network

At present, block data of mainstream platforms such as Bitcoin and Ethereum are stored in local nodes. The storage space required for block data increases with time, and the storage space of local nodes is limited. It is unrealistic to store all block data on a node in a blockchain system platform that can support millions of Dapp operations, requiring a decentralized data storage network to support it. EcoBall’s decentralized Data Storage Network (DSN) consists primarily of decentralized storage, data retrieval, data auditing, service value proving, and similar IPFS mechanisms.

Smooth upgrade design (anti-fork)

The upgrade version is forward compatible. After the upgrade agreement, the EcoBall Fund Committee uses the smart contract to issue a resolution. The system upgrades a milestone block and hangs at the end of the old block. The subsequent blocks are built with the new version. The system is automatically compatible with the old block. When the client end detects the new version of the block,the upgrade will be required. The client that is not upgraded can only read and cannot execute the transaction.

Multi-currency asset compatibility

EcoBall supports the seamless connection between the BTC (bitcoin) system, the ETH (Ethernet) system, the EOS system and other blockchain systems (chains and coins) to realize the diversified management of users’ digital assets. It can complete the free and safe operation of multiple types of assets on the chain and interoperate with other chains.

Industry fast application pre-installed interface

Based on the EcoBall configuration technology, the development team can quickly generate the main chain framework by using the platform template and setting some parameters. The platform prefabricates the complete industry SDK package and supports user smart contracts to continue custom development. According to different business needs, write smart contracts that meet the required application scenarios, quickly deploy business chains, and develop DAPP at low cost.

Support mobile wallet

EcoBall supports mobile wallets and extremely lightweight wallets. A PN full node can access tens or hundreds of thousands of mobile wallets, and will support binding mobile payments at later stage. EcoBall’s mobile wallet will be combined with fingerprint unlocking, Bluetooth, USB and NFC technology to design a cold wallet. Users can put the wallet card close to the phone or use the USB Type C interface and press the fingerprint to activate the private key signature operation to ensure the safety of mobile wallet. The mobile APP wallet will be bound to the mobile phone number, combined with the fingerprint verification function or password function of the mobile phone system to realize the security of the mobile wallet, and will support multiple coins in the future.

Excellent token economics

EcoBall(ABA as its token) has excellent token economics, the total amount of tokens is 2.1 billion, production cycle is 30 years. Token rewards include verification contribution+ block packaging contribution. The percentage of node reward is as high as 70%. This shows that EcoBall development team gives the first priority to the development of the blockchain network,not self-interests .The team owns only 5% token, the token will be locked for 4 years and be released every half year. This will ensure that the team gets enough incentive while focusing on the development of the EcoBall project.

Realistic roadmap

The roadmap of EcoBall project is a realistic one. All the weekly report issued by the operations team showed the team is executing the project according to the roadmap. The Github of EcoBall showed a similar trend.

Time Content

Dec.2017 1) Detailed project design

Whitepaper

Jan.2018 1) Token making

Building development team

Apr.2018 1) Protocol design, White paper revised edition

Main chain Framework Design

May.2018 1) Platform architecture Construction

Community Building

June.2018 1) Partial code revealed in Github

Oct. 2018 1) Platform beta version

Platform application scenario development

Dec.2018 1) Platform test chain release, code Github release

Block browser, platform wallet release

June.2019 1) Decentralized storage, multi-chain parallelism

Platform DAPP Ecosystem Build

Extensive partnership with wide-ranging industry

EcoBall has wide-ranging application scenarios including but not limited to :

Game Industry：

Aim at the publication of Game Industry being monopolized by large enterprises, a game platform featured with player autonomy, pooling-of-interest and smart sharing would solve the current chronic problems of the Game Industry.

Recruitment:

By means of recording and tracking job seekers’ resumes and corporation qualifications, a decentralized service platform for online recruitment and precision employment would substantially improve the resume authenticity and corporation reliability.

Business and Trade:

Including trade finance, transaction clearing, asset-backed securitization(ABS), counterfeit-proof of contracts and invoices…etc.

Finance:

Including digital currency, payment clearing, digital bill, cross-border payment and settlement, asset-backed securitization(ABS), supply chain finance, bank credit, loan business, and other specific scenarios.

The Internet of Things:

The IoT based on blockchain can contribute a lot to intelligent industry, smart agriculture, smart city, smart transportation, smart education, smart life, smart medical …and so on.

At the same time, The team established joint laboratories with China National Network Security Institute of Wuhan University and the Renmin University of China. It has or is in the process of applying 15 patents for blockchain technology inventions and 27 software copyright for blockchain software.

The team has reached a cooperation agreement with a number of domestic industry-leading companies such as Datang International Education Holdings Group Co., Ltd. to form joint ventures or technical service enterprises.