Hello and welcome to this blog post about Bytom BTM White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Bytom BTM white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Bytom (BTM).
I can ensue you that, you will be able to understand every bits and pieces related to Bytom (BTM) after going through the Bytom BTM white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Bytom BTM White Paper
Bytom BTM white paper will be going to provide you, all the information that is needed to get started with Bytom (BTM), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Bytom (BTM).
“ 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 are 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.”
White Paper Link: Bytom (BTM) White Paper
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