Mining machinery exchange
bitcoin, which was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software is designed and released, and P2P network is built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million.
1. OTC over-the-counter trading
OTC trading system provides information release places for buyers and sellers of digital assets. OTC market is easy to get acquainted with the previous over-the-counter trading mode, there is no fixed trading place, no fixed Trading rules, and no limited trading form
2. Currency transaction
currency transaction is mainly aimed at the transaction between digital assets and digital assets. One currency is used as the pricing unit to purchase other currencies. The currency transaction rule is also to complete the matching transaction according to the price priority and time priority
3. Perpetual contract trading system
perpetual contract is a derivative of futures cooperation. Like futures, it is a contract transaction, not a spot transaction. After you buy, you will not get digital assets. Development of digital asset trading platform, development of perpetual contract trading system
4. Digital asset mortgage system
digital asset mortgage system is a mortgage investment platform for global digital asset players, on which global players can mortgage certain digital assets.
Before the era of blockchain, Nick Saab first proposed the concept of smart contract in 1996: a set of agreements defined in digital form, including agreements on which contract participants can execute these agreements< the basic idea of smart contracts is contracts (special transactions) that can be executed automatically (event driven) and written in code form on the blockchain
since the establishment of Ethereum smart contract, more than 90% of the contracts have been used to issue tokens, and the implementation of relevant business scenarios is still good. What is the future of smart contract? Here you can see the Bytom chain that just released the news and launched the smart contract. As the first public chain project to release AI consensus algorithm in MIT, Bytom, the original chain, released an intelligent contract based on utxo model on the 26th after the main network was successfully launched in April
different from Ethereum smart contract built on account model, Biyuan chain is the first public chain in the whole blockchain instry to build smart contract on utxo model. Biyuan chain also transforms and deepens utxo to support the operation of multiple assets. In addition, compared with the original chain, the smart contract adopts its own equity language, which is a Turing complete and interpretive high-level language. It can easily compare the assets on the original chain for operation, and flexibly integrate into various asset business scenarios
in addition to the release of contract language, more than the original chain has also released multiple contract templates, which are directly attached with clear business meaning. From these contract templates, we can directly see the scene of future commercialization landing, and can extend the imagination in a wider range
currency transaction contract
through this contract, users can trade a variety of assets in Biyuan chain and other people without going through a centralized organization. That is to say, some assets can be locked through the contract. Only when other users enter the specified amount of assets, can they unlock these assets
for example, a decentralized exchange is built on the basis of contract, through which the two parties who want to exchange different assets in different currencies can be matched directly. The transaction speed is fast, and only a very small transaction fee is charged
third party trusteeship contract
under the contract template, users can transfer the specified assets to the third party's account, and the third party decides whether to call the specified account or return to the original account. The third party trust trust trust agreement stipulates that the third party institution can only transfer the assets to the designated account or return to the original account, which prevents the possibility of the third party account from stealing. In the business scenario, it can be expected that an asset custody platform can be built on the basis of the trusteeship contract of the third-party trusteeship institution in the future, which can ensure the custody, transaction and circulation of users' assets through the double trust of the trusted third party and the contract
mortgage contract
that is, the borrower will borrow the assets, and the lender will mortgage the assets into the same contract, and the lender will obtain the borrower's assets. If the lender fails to return the borrower's assets at a certain block height, the borrower will automatically obtain the lender's mortgage assets
call option contract
in this contract, the asset issuer can sell an asset at a certain price, and the buyer can buy the asset at that price. When it exceeds the height of a block, the asset will automatically return to the asset issuer
from the above design of smart contract, we can see some advantages:
firstly, a variety of templates with business meaning provide convenience for the upper layer to build DAPP, and some core business processes can be realized without too much development; Secondly, compared with the original chain, smart contracts issuing assets have templates. Compared with different developers, the security risk under the standard template is much lower. In addition, the contract will be invoked as a sub contract than the original chain when creating the intelligent contract. The contract template changes or errors that will be invoked in the future will not affect all completed intelligent contracts, which is of high security value for the early intelligent contracts. p>
we can understand that using the ratio chain of the extended utxo model butxo to interact with assets as a new form of utxo not only avoids the emergence of data overflow and other vulnerabilities in the Ethereum account model, but also has flexibility, diversity and controllability
for Biyuan chain, the release of smart contract also marks the determination of its core, which will further promote the commercialization of the project
It is suggested that the transaction should be carried out after on-the-spot investigation