AMB-NET, now fully functional on its own native token and with more than 500 masternode operators, has matured significantly over the past year: Native Amber, masternode operators, easy access to Hermes, encrypted bundles, a number of open-source SDK’s, and IoT Hardware pieces has made Ambrosus a technically sound blockchain ecosystem. As the development of the core blockchain infrastructure of Ambrosus has remained the focus of the Ambrosus Team, there have been more hurdles and challenges on widespread adoption and industrial implementation.
The current vision paper outlines for the Ambrosus Community what is the long-term vision of the Ambrosus Ecosystem for the years to come. As a decentralized network, that will move towards ever-more decentralized governance over time, it is important that the Ambrosus Team remains open and transparent to the Ambrosus Community as much as possible with the vision they would like to achieve. The best introduction to this vision is with the current state of blockchain adoption around the world.
Where We Stand
Right now, blockchain remains an emerging technology with many ideas, use-cases, and pilot projects, but still limited traction and widespread adoption. In North America and Europe especially, mainstream and SME adoption of blockchain and related technologies remains limited. In the cryptocurrency industry, the development of digital finance and value remains the centerpiece of many platforms, most notably that of Ethereum: Decentralized Finance, Non-Fungible Tokens, and Stable Coins are rising trends of crypto that have left traditional blockchain use-cases forgotten in the minds of the average industry user.
In addition to these trends, many projects have become ‘Zombified’. Whether it is the five active users on Augur for the month of September, the pivoting of Sia Coin, the rebranding of numerous projects, or the slow decline of Modum and TAEL, many crypto-currency projects have struggled to survive during the bear market, coupled with an end to the hype in much of the business world.
Ambrosus has survived this period by investing in the technological development of AMB-NET — its core product. In many ways, focusing on pure technical development has been a very strong and beneficial move for the overall state of AMB-NET. Today AMB-NET is host to:
- more than 700 decentralized validator and storage nodes.
- a full kit of Software Developer Kits to build dApps with.
- a fully functional explorer and dashboard.
- Hermes Masternode functionality for businesses and entrepreneurs.
- amb.to front-end application for tracing products.
- A sensor-IoT hardware platform in production that connects very well to Amb-Net having as core features the capabilities to store large amounts of sensor data.
- sidechain Infrastructure for deploying new solutions, tokens, and protocols.