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GlobleCurrency :anew digital asset quality circulation system
Abstract: Bitcoin proved the feasibility of a peer-to-peer electronic money system,
and Ethereum established a decentralized application platform based onthe smart
contracts, there are currently a large number of common existence, forming islands
of data and value. Globle Currency realizes cross-chain asset mapping and exchange
through dynamic index synchronization side chain.
1. Introduction
Globle Currency (GC) is a kind of cross-chain asset mapping and exchange system
through side chain dynamic index synchronization, all side chain businesses and the
parent chain interact through dynamic indexing in a smart contract.
2. Dynamic Index
The main chain and the side chain interact directly throughthe Merkle tree of the
main chain, and the main chain uses different index strategies forthe indexes of
different side chain chains.
Slightly, it is usually indexed afterthe side chain block can be basically confirmed
that it is not an orphan block.
3. Side chain
Throughthe main side chain architecture of GC, GC is the main chain, and the side
chain of GC can become the main chain of its own side chain.
The system can map all digital assets onthe chain and can expand digital asset
business infinitely through smart contracts.
4. GC output
To pay tribute to BTC, the theoreticaltotal output of GC is set as GC = 21,000,000
all
coins, which corresponds to the total amount of BTC, the GC address generation
algorithm is also the same as BTC.
There are two output methods for GC, BTC level replacement and computing power
output.
BTC level replacement means that BTC is used to exchange GC according to the level
replacement ratio, and the total amount of GC produced by this method is 7,000,000
coins, BTC level replacement guarantees the corresponding relationship betweenthe
value of GC and BTC.
In r
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