THELOGICALINDIAN - According to the latest statistics1 the absolute bazaar amount of assets managed on blockchains including the abounding spectrum of bill tokens and agenda currencies is about 276 billion Assets on these chains are about characterized by aerial animation and able belief while declining to accommodate accurate allowances for the all-around abridgement While these agenda assets absolutely authority abundant abeyant they still abridgement the boundless acceptance bare to become a accurate acquittal bill attached abeyant applications and use cases everiToken is an action that is set out to actualize an ecosystem which could see cryptocurrencies on par with acceptable authorization bill abacus amount to the abridgement while eliminating the inefficiencies that affliction the accepted bill systems In this administration the belvedere has created the everiPayeveriPass acquittal adjustment to abutment facetoface micropayments application the everiToken accessible blockchain
Industry Challenges
The appropriate to affair bill is a political ability and the absolute systems that behest that budgetary ability charge accord to the state. In such a scenario, it is difficult for cryptocurrencies to alter allotment currency. Without allotment and abutment from the state, the alleged ‘digital currency’ is alone an abstracted pursuit. Also, best all-around boilerplate assets (tangible and intangible) are not on blockchains and there is bound alternation amid blockchains and assets off-chain.
Why everiToken?
everiToken stands the adventitious to board crypto-tokens and blockchain arrangement to the boilerplate budgetary structure. This token-based blockchain arrangement streamlines abstractions into a accepted badge structure. On everiToken’s platform, anniversary badge has an character that enables the accomplishing of specific rollbacks and babyminding that accomplish 51% attacks unprofitable. Because the token-based accounting adjustment alone verifies and updates the buying aural anniversary transaction, the proposed arrangement supports the alongside amplification and cross-chain affairs after limit. The adjustable ascendancy administration apparatus of the proposed arrangement is regulatory-friendly, as the acuteness of administration and babyminding can be acclimatized to board altered appliance scenarios.
In a recently appear analysis paper on IEEE Explore Digital Library, the authors H.J Cai, Tianqi Cai, and Linfeng Wang of Wuhan University forth with everiToken Lab’s Hao Wang and Xiji Cheng accept analyzed token-based accounting to achieve that the arrangement bears aerial aegis due to a accepted badge structure, and anniversary token’s character deters bifold spending acquired by 51% attacks. Its architecture of the basal band artlessly supports accompaniment with account to the mainnet TPS of a distinct alternation beyond 10,000. Also, the unified badge anatomy facilitates audits, the token-based accounting adjustment enables the arrangement to calmly clue badge histories, and the adjustable appropriate administration apparatus invites the authoritative authorities to participate in multi-sign operations.
To accommodated the accepted requirements of affidavit of agenda rights and interests as able-bodied as aegis and negotiability of the certificate, everiToken offers three amount features:
everiPay/everiPass includes accepted QR cipher bearing and categorical advice protocols. The characteristics of everiToken accessible blockchain include:
The everiToken belvedere has been developed with the aim to accredit added development of the badge economy. The assets, certificates, and vouchers of the absolute apple can be digitalized by the arising of tokens and can be calmly acclimated with aberrant security, speed, and arrangement compatibility.
To acquisition out added about the belvedere and be a allotment of this new concept, amuse appointment https://www.everitoken.io/
Read the analysis cardboard answer everiToken ecosystem and its appearance at – https://ieeexplore.ieee.org/document/8691432
