Bytom (BTM)

1. Introduction

Bytom Blockchain Protocol (hereinafter referred as Bytom) is an interactive protocol of multiple byteassets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom. The protocol connects the atomic world and the byteworld to promote the interaction and circulation of assets between the two worlds.

Bytom adopts three-layer architecture: application layer, contract layer, and data transmission layer: The application layer is friendly to mobile and other terminals and convenient for developers to develop asset management applications. The contract layer use genesis contract and control contracts for asset issuance and management, supporting scalable BUTXO of UTXO model at the bottom layer, optimizing EVM and using introspection mechanism to prevent deadlock in Turing complete. The data transmission layer adopts DLT technology to achieve asset issuance, spending, transfer and other operations. The consensus mechanism uses POW algorithm that is friendly to AI ASIC chips. Matrix and convolution calculation is introduced into the hashing process so that the miners can be used for AI hardware acceleration services, generating additional social benefits.

2. BTM

BTM is a special token that is distributed to miners and nodes. The POW mechanism encourages random anonymous miners to get involved in the entire ecosystem. Distribution of the token will follow a determined supply curve. The main uses of the BTM are:

  • Transaction fee for assets trading;
  • Dividends of income assets;
  • Deposits for asset issuance.

3. Contract Address: 0xcb97e65f07da24d46bcdd078ebebd7c6e6e3d750

4. Useful Links

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