Bytom Blockchain Protocol, a dedicated public chain platform for the asset field, its most important function is to connect the atomic world and the bit world, and promote the interaction and circulation of assets between the two worlds. Specifically, different forms of heterogeneous bit assets (native digital currency, digital assets) and atomic assets (warrants, equity, dividends, bonds, information with counterparts in the traditional physical world) running on the Bytom) can be registered, exchanged, gambling, and contract-based interactive operated on Bytom.
The solution provided by Bytom 1.0 involves the main chain adopting PoW, which is responsible for asset issuance, and the side chain adopting PoS, which is responsible for transaction efficiency. It needs to pay for the cost of operating the nodes of the two chains. Each year, 80 million BTM is paid to main chain miners and 10 million BTM to the side chain nodes. This brings a heavy economic burden to the BTM ecology.
Based on this, we propose the architectural concept of Bytom 2.0: the combining of the architecture of "one main side and one side chain" into a unified platform, to integrate a multi-asset DeFi protocol onto the unified platform, optimize the asset flow efficiency, connect the bit world and the atomic world, and better serve the vision of "putting assets on-chain".
