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.
"Our mission is to bridge the atomic world and the byte world, to build a decentralized network where various byte assets and atomic assets could be registered and exchanged”.
Bytom will greatly promote the exchange, interaction and flow of byte information and byte assets with value attributes. New byte assets will be created by contract and configuration. Bytom will also create applications on a market-based management protocol in a decentralized way and provide unique incentives for local and global participants in the digital economy. As a medium, Bytom has been fully prepared to become an economic body to profit from information and an amplifier for information asset performance. In the future, these information assets will not only be used for existing daily work and life, but also can become the provider for AI and IOT that feeds on "data food" , which will further expand its influence on the atomic world.