Shinto Ethereum
XTT (Xin time token), based on Ethereum erc20 platform, is a decentralized digital currency carrier based on blockchain as payment technology
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized Ethernet virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014
extended data:
background
bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years
the blockchain of bitcoin is actually a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network
however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions
In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoinreference source: network Ethereum
1. It can solve the problems that other public chains can't solve, that is, the value. The infrastructure of the public chain is mature, not to mention the future
2, block transmission is the fastest, from second to second
3. The wallet can store bitp, BTC, Eth and other multi clock currencies and realize Flash cash, cross chain, and players in the coin circle don't need to download multiple wallets
4, multi address generation, currency mixing technology, to achieve two-way anonymity
5, beyond the Ethernet 2.0 BPOs four main node mining
6. For the second truly decentralized public chain native coin, the project side only has 1% in the first year, and the price voice is given to all consensus makers
7. Now is the stage of consensus building to grab the original currency. The mode is free and humanized, with high viscosity and low wastage rate
8, low-key and practical operation, step by step on the time node, seamless closed-loop, unlimited growth space.
