Is the Third Revolution of the Internet Here Yet?

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Blockchain technology has demonstrated new ways for the Internet to deliver more value and trust. Web 3.0, also known as the Internet of Everything, will allow users to access a variety of applications without expensive equipment.

Web 3.0 has been designed to address the many shortcomings of Web 2.0. While Web 2.0 delivered significant improvements over Web 1.0, Web2.0 is vulnerable to hackers attacking the central server. In addition, documents, when multiplied, consume storage space, wasting resources. While cloud services are available to address these issues, the cost of such services remains high.

A Pioneering Platform

Acute Angle Cloud (AAC) marks the first globally distributed Infrastructure as a Service (IaaS) platform realizing global distributed cloud computing, the third revolution of the Internet that will deliver more services, more securely at a lower cost. Estimates indicate the service cost of AAC is a tenth of current cloud services.

Smart cars can be controlled from a webpage, revenues can be received as soon as a document is saved online, and apps can be adopted in Android systems while maintaining high speed, fast computation and security – on a permanent basis.

The intent of the Web 3.0, based on blockchain technology and the InterPlanetary File System (IPFS), is to enable users to communicate by their own terminal devices, rather than to communicate and aggregate information on the Internet, thereby realizing true “decentralization.”

AAC is a blockchain developed with a decentralized, public platform used by developers to simply, quickly and safely distribute tokens, smart contracts and blockchain systems.

Combining Ethereum And BitShares

AAC’s blockchain ecosystem combines the strengths of Ethereum and BitShares and solves defects of the existing blockchain system. It is designed to form a blockchain economy, promote industrial efficiency and boost the efficient and synergetic development of society. It uses smart contracts to motivate users to provide idle hard disk, bandwidth, hash rate, etc., to offer the cloud service.

Using virtualization technology, AAC solves the problem of idle hard disk and CPU resources in the personal computer. It can collect and allocate user’s idle hard disk and CPU resources with full cyclic utilization.

Distributed storage technology arrests the waste of storage space by automatically redistributing data to enhance utilization of storage space and connecting all the computing devices with the same file system. Its principle is to replace addresses based on contents with ones based on domain name. It will allow web page browsing to be quicker, safer, more robust and durable.

Three Stages

AAC will realize its targets in three stages. It will first build a blockchain network with a modularized design method. This stage will use a hardware capable of intelligently testing and monitoring the environment of smart contracts and digital assets.

Next, AAC will be deployed to meet different commercial appeals such as insurance, electronic file, digital currency, traceback, and personal credit record.

AAC will connect inter-user information as well as outside networks, possibly even non-blockchain networks, to create a cyberspace of interconnection and multi-dimensional data correlation.

Multi-dimensional data such as personal credit, assets, production and consumption data can better integrate community consensus, individual behavior and value exchange.

By introducing a modularized virtual machine, smart sandbox, value exchange and fork mechanism, AAC will create a blockchain network of ongoing evolution, easy use, low cost and proper customization.

Ease Of Use For Developers

Built on the blockchain as a service platform, AAC lowers the threshold for developers via visualized interface and multilingual support. Users can establish their own application by forking to better motivate community developers to innovate.

AAC prioritizes Lua as language of programming smart contracts in the blockchain, which supports being statically compiled to byte codes and actuated in the blockchain network.

AAC will gradually support a value system with AAC as the circulating medium, including trading and payment memory space, content sharing, application development and other settlements.

When users participate in activities started on the platform, the smart contracts will automatically generate AAC. The total amount of acute angle coins for the first pre-generation is RMB 1 billion.

Without pre-mining, the proportion generated from mining is up to 45%, fully guaranteeing the rights and interests of miners and creating a good marker phenomenon.

Security Measures

AAC will ensure the security of user accounts and funds through security measures such as blockchain consensus and non-tampering technologies as well as digital signatures and end-user encrypted wallets. After the integration of data storage and network resources, data, applications and transactions will be integrated into the blockchain cloud to build a network environment for secure transactions.

Traditional centralized servers will perform backups which lead to vulnerability and redundancy.

IPFS is a technological solution that generates a unique fingerprint for a document using a hash algorithm, and the entire system will delete files with repeated fingerprints before saving the hash value to the blockchain. Rewards obtained from mining can be used for acquiring AAC service.

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