INTRODUCE
About this project
Acala Network is a layer-1 smart contract platform with built-in liquidity that is scalable, Ethereum compatible, and tailored for DeFi. It is ideal for developers who desire complete control over their decentralized apps because it has a comprehensive suite of user-friendly financial applications that have been assembled into a single, strong offering from beginning to end.
Acala provides interoperable cross-chain capabilities, and strong security protocols, and is powered by Substrate and Ethereum compatibility. It may host financial apps on its decentralized network and turn into a DeFi Hub of the Polkadot ecosystem.
In this project, ACNS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Acala addresses, other cryptocurrency addresses, content hashes, and metadata. ACNS also supports ‘reverse resolution’, making it possible to associate metadata such as canonical names or interface descriptions with Acala addresses