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Acala

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What is Subspace?

Subspace stands as an innovative fourth-generation blockchain designed to empower emerging cryptocurrency pioneers. Instead of relying on traditional, energy-intensive mining and expensive staking processes, it introduces a novel method focused on disk-based farming. By leveraging critical academic research, we effectively address the blockchain trilemma, ensuring that both security and decentralization remain intact. Our system meticulously archives the entire blockchain ecosystem's history, allowing for seamless, secure, and trustless interactions among various networks. Farmers play a crucial role by storing unique historical segments, which allows the blockchain to grow while maintaining its decentralized integrity. Executors are in charge of processing smart contracts and upholding the blockchain’s current state, thereby guaranteeing that farming practices are both efficient and decentralized. Built on foundational principles that emphasize maximum decentralization, community involvement, and on-chain governance, our project intends to enhance the overall ecosystem. Moreover, we are dedicated to supporting each block across the Polkadot and Kusama Networks, highlighting our commitment to serving as a public good that contributes to the blockchain community's progress. This approach not only fosters innovation but also encourages collaboration among diverse stakeholders within the digital landscape.

What is Acala?

Boost your decentralized application (DApp) on the Polkadot network by harnessing the capabilities of Acala, a smart contract platform that effortlessly connects with Ethereum and is designed specifically for decentralized finance (DeFi) applications. Acting as the central liquidity hub and DeFi network within the Polkadot ecosystem, Acala operates as a layer-1 platform focused on scalability, compatibility with Ethereum, and augmented DeFi features, including integrated liquidity and pre-existing financial solutions. Developers can take advantage of Acala’s trustless exchange, the decentralized stablecoin aUSD, and DOT Liquid Staking (LDOT), along with EVM+ capabilities, to capitalize on the benefits of both Ethereum and the extensive features offered by substrate technology. This integration facilitates the management of assets and derivatives based on DOT, as well as access to a stablecoin native to Polkadot and various cross-chain assets from leading platforms such as Bitcoin and Ethereum. Moreover, Acala's framework is meticulously designed for enhancements in DeFi, allowing for continuous upgrades without the need for forks, thus enabling new functionalities to be seamlessly integrated based on developer requirements. Additionally, the innovative on-chain 'keepers' serve to automate operations within the protocol, which not only improves risk management and user experience but also permits transaction fees to be paid using almost any token available, showcasing the platform's versatility and user-centric approach. This comprehensive ecosystem empowers developers to create more robust and efficient financial applications while fostering a more interconnected blockchain environment.