Topic: [ANN]BYTOM: An interoperational protocol for diversified byte assets - page 17. (Read 77013 times)

you can follow our twitter for updates   https://twitter.com/Bytom_Official

Great work and progress, I was away for a while. I've been in a foreign country for over 2 months so haven't been in the discord much and didn't see all the updates..

Bytom Mobile Wallet  SDK
https://medium.com/@Bytom_Official/bytom-mobile-wallet-sdk-4825ef75bbb6

ICO ended last year...

Greetings
Just tell me please, do you plan to put a counter on the site so that everyone can see how many tokens have already been sold? And if yes, when are you going to implement this? Thanks

At present, the market of encrypted money is very poor, and housework must pay attention to risk. The development prospect of the Bytom project is worth looking forward to. We can arrange some positions properly.

Weekly Mainnet Report

Bytom Wochenbericht ( 7. September 2018)：https://bit.ly/2x1mkjZ
Eжeнeдeльныe нoвocти Bytom (7 ceнтябpя 2018)：https://bit.ly/2oXkXOV
#Blockchain  #Bytom  #technology

Very much people talk about revolution technology which provide EOS but nobody can not talk me, what is it, may be somebody can help me to open eyes?

Bytom Weekly Dev Report（Sep10th,2018）
https://medium.com/@Bytom_Official/bytom-weekly-dev-report-b459aa1b1aec

Bytom Transaction Introduction
https://medium.com/@Bytom_Official/bytom-transaction-introduction-386d15be5146

-> 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.

Website: https://bytom.io
Twitter: https://twitter.com/Bytom_Official
Facebook: https://www.facebook.com/bytomofficial/
Medium: https://medium.com/@Bytom_Official
Telegram: https://t.me/BytomInternational
Discord:https://discord.gg/QP9ZZrd
Reddit: https://www.reddit.com/user/BYTOM_OFFICIAL/
GitHub: https://github.com/bytom

This looks to be an interesting concept backed by some amazing work. Going to give the whitepaper a thorough read. Think it is platform that the word's been waiting for

Any comment about the mining? Do you realize that Antminer B3 mines about 2 BTM a day?

Bytom has announced the launch of its Global Dev Competition, with a prize of 2,000,000 BTM available. At the moment it is about 400 000 dollars, worthy reward.
https://coinidol.com/bytom-launches-global-developer-competition-with-2-000-000-btm-reward/

Byom can be diversed to three layers：

1.Wallet layer——the module of deposit and withdraw.People use it mostly and will get familiar with it.
2.Kernel layer—— It can be interpreted that every node follow a rule in distributed system.Only there are same rules that can two nodes reach an agreement.If the rules are different，it’s similiar to fork.
3.Communication layer——communication layer is the way of exchanging informations between nodes，including sync of block and transaction

Kernel layer
1.Orphan block management：Orphan blocks are blocks excavated by miners but not formed into the main chain block (two or more legal blocks are generated at the same height, one block becomes the main chain, and the rest are called orphan blocks). Orphan block management is to store the orphan blocks that are not formed into the main chain block.
2.Consensus layer：to confirm whether a block is legal.It can be diversed to block header verification and transaction verification.Bloch header verification needs to verify its parent blocks and timestamp，both need computing power to ensure accounting.Bytom particularly a BC layer for transaction verification，this layer will get better performance during transaction verification，transaction is related with smart contract and parameters will be verified whether it’s legal by virtual machine when the transaction being verified.
3.Blocktree management：Block Index，it can record blocks of all network and store a mirrorable image of all network’s blocks.Because of the existence of Orphan blocks，it’s not chain structure .
4.Data storage:Persistent storage of block data. There are two kinds of data. The first is the block data, which will be broadcast on the network. The second is UTXO data, which is stored for faster verification of whether a UTXO can be spent without having to verify all of the block information
5.Transaction pool:maintain all the transactions that have been sent but not confirmed yet.When mining module is going to create a new block，it will package some transactions from transaction pool and POW by Tensority consensus algorithm.

Wallet layer：
Private key module：manage private key（generate。storage and backup of private key）and signature
Account module：Bytom adopted account-address-key three layers system.Everyone can have more than one key and form account by different combination of private keys，every account can generate endless addresses and addresses are formed by a secondary private key derived from the account’s private key.
Asset module：manage the asset creation module of account，all issued assets are communicating in this module.
Transaction module：related transaction data：
1）Pick related transactions from all exchanges

2）Maintain database of UTXO in wallet layer and record all UTXO you have

Communication layer
Node discovery：P2P related，a dependent and mature piece，get seed nodes by node discovery module

Transaction sync：sync transaction between those nodes

Block sync：Passive block sync.It will request block sync when it finds there are block height than its other nodes.

New block fast broadcast module：New block sync automatically，it will be forced to broadcast when hit a new block to spread faster in the whole network.

I am happy to let you know that BYTOM is now listed on einax.com - crypto voucher exchange platform!

I'm afraid mining BTM is so unprofitable atm... How come this is not a concern? If the miners simply turn off their B3s, which is quite possible as they have almost negative roi, the network/project will simply die...

I like the idea that small and medium enterprises should also get the chance to participate in artificial intelligence innovation once the platform is developed. It creates a level playing field in the economy.

wait for your walllet fully sync