B*tch That Keeps You Honest
Introductions, Dots, & a TL;DR Section
Have you ever hoped that you could be there right at the beginning? Felt as if you’ve missed the chance? Thought that it’s too late? Now is the time to change that.
Today Acki Nacki announces that she is live! And Acki Nacki allows everyone, no matter the level of experience, to join, validate, and get rewards.
Step into Acki Nacki’s world. She says:
I am friendly. I am not. I am universal. I am personal. But beware, I don’t like liars. I’m the B*tch that keeps you honest.
Acki Nacki is the first blockchain of its kind.
We have already presented some of the reasons backing up this claim:
Not only is it the fastest blockchain in production, but Acki Nacki is faster than any other blockchain that can ever be built, the fastest possible
Likewise, Acki Nacki achieves higher levels of security than Bitcoin, coming as close as is theoretically possible to offering maximum levels of security
Add to that scalability going as high as the total computing power available allows, free transactions, and a perfect set of teeth and suddenly you find before you a blockchain you can really do something with. Like go hiking together, or maybe paint a nice mural
But there may be a few firsts in Acki Nacki’s repertoire that even loyal readers such as yourselves have yet to encounter. And today seems as good a day as any to announce them. These include a game (Another one!? Well, it’s a bit more than that); a token and relevant economic model; a few announcements and reflections; and information on how to join Acki Nacki (in a variety of possible capacities).
Let us begin at the beginning…
A Clicker Game With Real Meaning
Do you want to make something meaningful? But really meaningful… Like The Bible, or maybe Star Wars? We get you, and we do too. Problem is, making something meaningful usually comes with a catch; typically it takes some effort. Until now.
Introducing the Acki Nacki clicker game. Players smash that screen and say farewell to your troubles. Ok, maybe there’s more to it than that. In fact, this mini-app game that operates in part through Telegram takes the entropy created by the user’s interaction with the screen and uses that as a sort of cryptographic primitive to run sub-trees of transaction verifications on the Acki Nacki blockchain. This essentially turns millions of Acki Nacki Telegram mini-app game players into real verifiers of the Acki Nacki network, in turn contributing to network security.
For this they get real Acki Nacki Tokens as block rewards as do Validators of the network. The Acki Nacki Token goes by $NACKL, and we will discuss it a little bit later in more detail
Play Acki Nacki Now:
https://t.me/ackinacki_bot/ackinacki_app
By performing simple tasks in the mini-app game, now, before the network even starts, players gain Boosts that determine their place in the verifiers list. This list works as thus: the higher a player is, the more chances they have to verify and get block rewards. Those lower on the list will still get rewards — everyone will be rewarded — it’s just the rewards are greater for those at the top. Boosts are the first phase that any user can participate in right away. It is a competition, the higher up the list you go, the more you earn.
Phase Two is what? A game? A game and so much more. Through interactive gameplay users will mine Acki Nacki tokens right from their phone and Verify Blocks, meaning that they really contribute to network security. Finally, any user can become a whale and vote for decisions affecting the network.
Try The Acki Nacki Bot Now:
The Acki Nacki game will start the same instant as the network. There will be zero delay.
The Acki Nacki Node Sale
Then of course there are Validators. In return for running the servers of the Acki Nacki network they get the other part of block rewards. This, however, poses a problem, a zero-state problem to be precise. And the best solution we found in between fiddling with Cat’s Cradles and intense games of chess was to facilitate validation using a Node Sale mechanism, allowing Acki Nacki to be completely decentralized from block zero.
A Node Sale mechanism is exactly as advertised: a multi-stage sale of the validator nodes. We call them Slots. This allows people to buy licenses to run Slots on the network, ensuring full decentralization of the network from the get-go. Acki Nacki has no pre-mining, zero investor allocation, in fact Acki Nacki leaves no tokens that can be allocated to anyone who hasn’t earned them. And anyone wishing to earn them has to mine them: By producing the blocks and getting the block rewards.
Block Rewards will be distributed among Validators with a license as well as the aforementioned Acki Nacki game players who verify and provide additional security guarantees.
From block zero, Acki Nacki is completely decentralized. And this is before the network has even launched.
Why Decentralization Is Vital: A Reminder
Nobody questions security. Nobody questions profitability. But decentralization, though still a trendy go-to, conceptually speaking, doesn’t get the love and attention it both requires and deserves. In other words, many use it as a tag-line, throw the word around, but not every network makes the effort to embed a truly decentralized architecture when designing how it’ll be governed and distributed. There is a reason for this: Decentralization is naturally subversive. It is not that security is essential to facilitate decentralization. It’s that anything at all that facilitates decentralization is essential because decentralization is the only way to fight off societies of control, mass surveillance, and state policing. The narrative should be shifted: decentralization is not art, it doesn’t exist for its own sake, it is a state of being in which any network—be it computational, societal, or financial—must exist in order to call itself truly free.
In many ways we agree with the assessment and definition of decentralization presented by the SEC when using the Howey Test. And it is around answering precisely that criteria that we designed…
$NACKL, The Acki Nacki Token: A Bitcoin Model For Proof-of-Stake Networks
The Acki Nacki network Tokenomics is optimized for maximum decentralization from the start of the network, security and fairness.
In Acki Nacki there are two tokens: a network token and a computation token. The separation allows us to have two distinctive properties of Acki Nacki that is not possible under a one common token design. In Proof-of-Stake systems the security of the network and the participation incentives are largely attributed to the network token price increase over time. But when there is only one token which is used for both security guarantees and network transaction fees its utility will be hampered by its increasing price, which happens with every blockchain we know. To tackle this problem Bitcoin is promoting the Lightning network, Ethereum is trying to balance the gas price, and Solana is processing large amounts of transactions with very low fees. We don’t believe any of these approaches work over time and we see problems with all of them. We take a different approach. We introduce two interconnected tokens separately created to optimally perform each of the functions: network usage and network security.
Computation token, called SHELL — is designed to pay for network usage and Guarantor, in such a way its price will never increase, it can only decrease, but will eventually correct itself
$NACKL coin — designed to guarantee network security, used for Staking and to provide a claim for a share of Shell revenues but will always accumulate value over time.
Let’s begin with the $NACKL coin.
Acki Nacki has no predetermined staking rewards; Validators are compensated for their participation in network activities like block production, verification, and transaction processing. Rewards are distributed proportionally among all Validators during a common epoch. Validators not adhering to network rules can be penalized by slashing, or removed.
Each Validator receives proportional reward regardless of if they produced blocks or not. The reward depends solely on their honest participation in the network. Thus the network participants are not rewarded specifically for producing the block but for participating in all stages of block livecycle from the creation and up to the finality.
To prevent staking delegation, Acki Nacki restricts the Validator Epoch contract to only accept messages from Validator private keys, eliminating staking pools. While off-chain staking is possible, it’s not encouraged by the network in any way.
Instead of staking pools, regular participants can engage with the protocol through mobile verifiers, who provide essential security verifications without needing special equipment or becoming Validators.
Fairness in Acki Nacki is achieved by rewarding Validators based on participation rather than block production. The asynchronous transaction model minimizes opportunities for Miner Extractable Value exploitation, making fair block rewards feasible.
Acki Nacki's scalability is managed through a multithreaded execution environment. As network demand grows, additional Validators are required to handle the load, but block rewards do not increase to prevent spam attacks. Instead, the minimum stake required for new Validators is lowered, making it easier to join the network. Over time, a Validator's reputation becomes crucial for earning rewards, promoting honest and efficient participation.
SHELL is a token used to compensate Validators on Acki Nacki for their computing resources and storage. Since Validators incur costs in fiat currency for electricity, network traffic, and server expenses, the SHELL price reflects these costs.
SHELL tokens are sold through a System Pool, where Validators provide liquidity and set a minting rate for various currency pairs. This rate reflects their collective view on the current conversion price. SHELL holders can sell their tokens in the pool, lowering the price until the supply is exhausted. Thus, SHELL tokens can be sold at the set pool price or less.
Payments for SHELL tokens are locked in an Accumulator Contract. $NACKL token holders can burn their tokens to claim a proportional share of this contract. However, this is rare, as NACKL's market price often exceeds its intrinsic value due to expectations of future revenues and a decreasing supply.
The intrinsic value of $NACKL, derived from SHELL revenues, forms a floor value that rises as $NACKL supply decreases. This ensures a continually increasing intrinsic value for $NACKL over time.
The Science Behind It
Acki Nacki is the fastest blockchain theoretically possible. Now you can read the scientific paper it is based upon: “Acki Nacki: A Probabilistic Proof-of-Stake Consensus Protocol with Fast Finality and Parallelisation”.
The paper has been published by Springer Nature in the Lecture Notes in Computer Science (LNCS, volume 14586) and you can buy your copy in either electronic or soft cover editions here.
If you care for autographs — it can be arranged, just ping us in the chat, and we will coordinate the delivery.
Of course the implementation of Acki Nacki protocol, currently running in the testnet, is based upon many more discoveries and groundbreaking thinking in computer science and economics. There will be many more papers released. But meantime we would like to thank Andrew Kurochkin, Andrew Lyashin, Alexander Silkov and all the team for the amazing contribution.
Acki Nacki network is going into production in the coming weeks. This will be one of the most decentralized launches in history. Everyone can participate. Go to ackinacki.com website or try the App now.
For more news and updates about Acki Nacki:
Good job, let's go play 🥳
Enjoyed watching the presentations, very intriguing! Can't wait for the second phase to begin!!!