Arietta Smart Chain - newest IBFT consensus POA/POS upgradable

[JamesBay]

Arietta Smart Chain (ASC)

Arietta is an innovative blockchain network that introduces a next-generation Proof of Authority consensus mechanism, offering remarkable features such as over 100,000 transactions per second (TPS), swift block times, and significantly reduced fees. With Arietta, you can enjoy the advantages of Ethereum’s advanced smart contract capabilities, while experiencing enhanced speed, heightened security, and lower gas fees. Discover more about Arietta by exploring our comprehensive documentation.

Proof of Authority (PoA)
POA stands for Proof of Authority, which is a consensus mechanism used in blockchain networks. In a Proof of Authority system, block validators are identified and authorized by a central authority or a select group of reputable entities. Unlike other consensus mechanisms that rely on computational work or economic stake, POA relies on the reputation and identity of validators to validate and add new blocks to the blockchain. Validators take turns proposing and validating blocks, and their identities are publicly known, allowing for increased trust and faster block confirmation times. POA is known for its efficiency, scalability, and resistance to certain types of attacks like the 51% attack.
 
Block Time
A new block can be completed in just 2 seconds, making it more than 6 to 7 times faster than Ethereum and substantially lower gas fees.  This faster block time allows for quicker transaction finality and improves the overall user experience in terms of transaction speed and responsiveness. However, it’s important to note that network performance can vary based on factors such as network congestion and the specific implementation of the POA network.
 
Speed of Transactions
The speed of transactions in a blockchain with a POA (Proof of Authority) consensus mechanism and a 2-second block time refers to the time it takes for a transaction to be confirmed and included in a block. In this case, with a 2-second block time, transactions can be processed and finalized within a few seconds.
When a user initiates a transaction on a blockchain with a 2-second block time, it is typically validated and confirmed by the authorized validators within a short period of time. Once confirmed, the transaction is added to the next available block, and subsequent blocks are added at 2-second intervals.
This fast block time allows for near-instantaneous transaction confirmation, enabling users to experience quick transaction speeds and reduced waiting times compared to blockchains with longer block times. It enhances the efficiency and responsiveness of the blockchain network, making it suitable for applications that require fast transaction processing, such as real-time payments, high-frequency trading, or interactive applications.
 
Utility
The goal of a POA blockchain network for utility applications is to provide a reliable and efficient platform for various utility services. It aims to support a wide range of applications, including payment systems, supply chain management, data verification, identity management, and more. By leveraging the reputation and authority of validators, the network can achieve fast transaction processing, high throughput, and low fees, making it suitable for utility-focused use cases.

Additionally, a POA blockchain network for utility applications can offer customizable governance models, allowing network participants to make collective decisions and shape the direction of the platform. This ensures that the network evolves according to the needs and requirements of the utility applications it supports.
 
SPECIFICATIONS
- Total Supply: 10 Million
- GWEI (Gas): 3
- Block Time: 2 seconds
- Consensus Algorithm: IBFT V2.0 PoA
- TPS (TX per second): 100,000+
- EVM Compatible: Ethereum Virtual Machine
- Scale: Increase TX
- Validator Set: Dynamic

The project is part of the Arians ecosystem, but has not yet been listed on any exchange. The ecosystem also includes the established aRIA project, which is traded on several exchanges. Swap between aRIA and ARIETTA 1:1
The start of trading after appearing on the exchange will be significantly lower than the cost of aRIA, so seize the moment!
 
OFFICIAL LINKS
Website
Twitter
Discord
Telegram
Github

[1714711158]

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[1714711158]

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[1714711158]

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[1714711158]

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[lightbit]

Sounds good, I will follow your announcements.

[greebn9k]

Are you planing to launch test net?

[JamesBay]

Yes.  Of course.  With faucet for testing.

[Keltrentt]

Hi OP, kindly make either a discord or telegram for the project so early supporters can converge there for easy communications/discussions and easy follow-up of project updates . Thank you

[tadakalurinagaraju]

Launching Date?

[thikachhey]

Will be launching a new EVM compatible POA upgradable to POS soon.  IBFT consensus, highly scalable, >100k TPS and able to accommodate smart contracts, NFT's, dapps, etc.  Will follow up with white paper and full developer documentation shortly.

How much time is 'shortly'? Any update?

[izooomrud]

Hi OP, kindly make either a discord or telegram for the project so early supporters can converge there for easy communications/discussions and easy follow-up of project updates . Thank you

Arietta group 👉 https://t.me/ariettachain
aRIA group 👉 https://t.me/aRIACurrency

This is two projects from one ecosystem

[izooomrud]

MAIN UPDATES FOR TODAY:

✅ The official website of the project has been launched https://ariettachain.com

✅ The network has been tested, works stably and mega-fast, generates a block every 2 seconds https://explorer.ariettachain.tech/

⏳ Work continues on the swap from RIA to Arietta (aRIA to ASC) https://swap.ariacurrency.app/

⏳ Work continues on the DEX https://arianfinance.netlify.app/

⏳ Creation of social media

more news coming soon...

[MMOStars]

Another ethash based project on a free template from pinkchain devs. Lit.

[izooomrud]

We have created Discord server for Arietta. Subscribe to stay up to date with the events.
https://discord.gg/p7HY9DpZzN

[izooomrud]

Arietta Smart Chain (ASC)

Arietta is an innovative blockchain network that introduces a next-generation Proof of Authority consensus mechanism, offering remarkable features such as over 100,000 transactions per second (TPS), swift block times, and significantly reduced fees. With Arietta, you can enjoy the advantages of Ethereum’s advanced smart contract capabilities, while experiencing enhanced speed, heightened security, and lower gas fees. Discover more about Arietta by exploring our comprehensive documentation.

Proof of Authority (PoA)
POA stands for Proof of Authority, which is a consensus mechanism used in blockchain networks. In a Proof of Authority system, block validators are identified and authorized by a central authority or a select group of reputable entities. Unlike other consensus mechanisms that rely on computational work or economic stake, POA relies on the reputation and identity of validators to validate and add new blocks to the blockchain. Validators take turns proposing and validating blocks, and their identities are publicly known, allowing for increased trust and faster block confirmation times. POA is known for its efficiency, scalability, and resistance to certain types of attacks like the 51% attack.
 
Block Time
A new block can be completed in just 2 seconds, making it more than 6 to 7 times faster than Ethereum and substantially lower gas fees.  This faster block time allows for quicker transaction finality and improves the overall user experience in terms of transaction speed and responsiveness. However, it’s important to note that network performance can vary based on factors such as network congestion and the specific implementation of the POA network.
 
Speed of Transactions
The speed of transactions in a blockchain with a POA (Proof of Authority) consensus mechanism and a 2-second block time refers to the time it takes for a transaction to be confirmed and included in a block. In this case, with a 2-second block time, transactions can be processed and finalized within a few seconds.
When a user initiates a transaction on a blockchain with a 2-second block time, it is typically validated and confirmed by the authorized validators within a short period of time. Once confirmed, the transaction is added to the next available block, and subsequent blocks are added at 2-second intervals.
This fast block time allows for near-instantaneous transaction confirmation, enabling users to experience quick transaction speeds and reduced waiting times compared to blockchains with longer block times. It enhances the efficiency and responsiveness of the blockchain network, making it suitable for applications that require fast transaction processing, such as real-time payments, high-frequency trading, or interactive applications.
 
Utility
The goal of a POA blockchain network for utility applications is to provide a reliable and efficient platform for various utility services. It aims to support a wide range of applications, including payment systems, supply chain management, data verification, identity management, and more. By leveraging the reputation and authority of validators, the network can achieve fast transaction processing, high throughput, and low fees, making it suitable for utility-focused use cases.
Additionally, a POA blockchain network for utility applications can offer customizable governance models, allowing network participants to make collective decisions and shape the direction of the platform. This ensures that the network evolves according to the needs and requirements of the utility applications it supports.
 
SPECIFICATIONS
- Total Supply: 10 Million
- GWEI (Gas): 3
- Block Time: 2 seconds
- Consensus Algorithm: IBFT V2.0 PoA
- TPS (TX per second): 100,000+
- EVM Compatible: Ethereum Virtual Machine
- Scale: Increase TX
- Validator Set: Dynamic
 
The project is part of the Arians ecosystem, but has not yet been listed on any exchange. The ecosystem also includes the established aRIA project, which is traded on several exchanges. Swap between aRIA and ARIETTA 1:1
The start of trading after appearing on the exchange will be significantly lower than the cost of aRIA, so seize the moment!
 
OFFICIAL LINKS
Website
Twitter
Discord
Telegram
Github
added a game to the discord server where you can win project coins 👍

[JamesBay]

Hi OP, kindly make either a discord or telegram for the project so early supporters can converge there for easy communications/discussions and easy follow-up of project updates . Thank you

We have now finished both.  The admin for the Discord server did a great job by the way.  Links for both are in this thread.

[JamesBay]

Another ethash based project on a free template from pinkchain devs. Lit.

Are you spamming a scam?  The website doesn't even work.  Will be reporting you.

https://www.linkedin.com/pulse/pinkchain-blockchain-network-users-developers-musa-odo-joseph

[JamesBay]

MAIN UPDATES FOR TODAY:

✅ The official website of the project has been launched https://ariettachain.com

✅ The network has been tested, works stably and mega-fast, generates a block every 2 seconds https://explorer.ariettachain.tech/

⏳ Work continues on the swap from RIA to Arietta (aRIA to ASC) https://swap.ariacurrency.app/

⏳ Work continues on the DEX https://arianfinance.netlify.app/

⏳ Creation of social media

more news coming soon...

FYI - the dedicated swap at ariacurrency.app must not be used right now.  It was made to support an ASC network dex called Arian Finance which has a TBD release date.  And the working dex URL you have should not be used either because we are having to make a whole new website dex.  Too many bugs in the first draft. 

Thanks.

[JamesBay]

Arietta Smart Chain (ASC)

Arietta is an innovative blockchain network that introduces a next-generation Proof of Authority consensus mechanism, offering remarkable features such as over 100,000 transactions per second (TPS), swift block times, and significantly reduced fees. With Arietta, you can enjoy the advantages of Ethereum’s advanced smart contract capabilities, while experiencing enhanced speed, heightened security, and lower gas fees. Discover more about Arietta by exploring our comprehensive documentation.

Proof of Authority (PoA)
POA stands for Proof of Authority, which is a consensus mechanism used in blockchain networks. In a Proof of Authority system, block validators are identified and authorized by a central authority or a select group of reputable entities. Unlike other consensus mechanisms that rely on computational work or economic stake, POA relies on the reputation and identity of validators to validate and add new blocks to the blockchain. Validators take turns proposing and validating blocks, and their identities are publicly known, allowing for increased trust and faster block confirmation times. POA is known for its efficiency, scalability, and resistance to certain types of attacks like the 51% attack.
 
Block Time
A new block can be completed in just 2 seconds, making it more than 6 to 7 times faster than Ethereum and substantially lower gas fees.  This faster block time allows for quicker transaction finality and improves the overall user experience in terms of transaction speed and responsiveness. However, it’s important to note that network performance can vary based on factors such as network congestion and the specific implementation of the POA network.
 
Speed of Transactions
The speed of transactions in a blockchain with a POA (Proof of Authority) consensus mechanism and a 2-second block time refers to the time it takes for a transaction to be confirmed and included in a block. In this case, with a 2-second block time, transactions can be processed and finalized within a few seconds.
When a user initiates a transaction on a blockchain with a 2-second block time, it is typically validated and confirmed by the authorized validators within a short period of time. Once confirmed, the transaction is added to the next available block, and subsequent blocks are added at 2-second intervals.
This fast block time allows for near-instantaneous transaction confirmation, enabling users to experience quick transaction speeds and reduced waiting times compared to blockchains with longer block times. It enhances the efficiency and responsiveness of the blockchain network, making it suitable for applications that require fast transaction processing, such as real-time payments, high-frequency trading, or interactive applications.
 
Utility
The goal of a POA blockchain network for utility applications is to provide a reliable and efficient platform for various utility services. It aims to support a wide range of applications, including payment systems, supply chain management, data verification, identity management, and more. By leveraging the reputation and authority of validators, the network can achieve fast transaction processing, high throughput, and low fees, making it suitable for utility-focused use cases.
Additionally, a POA blockchain network for utility applications can offer customizable governance models, allowing network participants to make collective decisions and shape the direction of the platform. This ensures that the network evolves according to the needs and requirements of the utility applications it supports.
 
SPECIFICATIONS
- Total Supply: 10 Million
- GWEI (Gas): 3
- Block Time: 2 seconds
- Consensus Algorithm: IBFT V2.0 PoA
- TPS (TX per second): 100,000+
- EVM Compatible: Ethereum Virtual Machine
- Scale: Increase TX
- Validator Set: Dynamic
 
The project is part of the Arians ecosystem, but has not yet been listed on any exchange. The ecosystem also includes the established aRIA project, which is traded on several exchanges. Swap between aRIA and ARIETTA 1:1
The start of trading after appearing on the exchange will be significantly lower than the cost of aRIA, so seize the moment!
 
OFFICIAL LINKS
Website
Twitter
Discord
Telegram
Github
added a game to the discord server where you can win project coins 👍

Incredible job.  Wish the graphics worked for my post

[JamesBay]

Quick update on Arietta:

1. We are having to create a whole new ASC network DEX called Arian Finance.  Started coding on this yesterday.  May take up to 8 weeks.
2. Please do not use any links to swaps for ASC as contract addresses may change up until Arian Finance is done.
3. We have an agreement with a CEX exchange for ASC to list, but they are going through a migration right now.  So, will update when they get back to us.

Thanks.

[fribroon1]

What are the differences between Arietta and other POA projects?

[JamesBay]

What are the differences between Arietta and other POA projects?

Arietta will be the first blockchain that has the following:

1. modular using IBFT V2 consensus.  There is another chain that has something similar that started in 2019.  But, we improved the "round robin" effect along with other propriety algorithm's. 
2. you have the ability to fork the chain and use for any type of corporate environment.  We just did not put that in the dev docs yet until we get more help from the community for paying customers.
3. Scalability through voting nodes
4. Can upgrade to include staking validator nodes (POS hybrid)

All while being EVM compatible.

[JamesBay]

On listing ASC, should we list with a small exchange that isn't tracked by CMC now?  Or wait for an exchange that is tracked by CMC when the Arian Finance DEX is done?