GXT ON-CHAIN Blockchain Platform Ethereum

ethereum v2.0
ETHEREUM
V2.0

Ethereum is a distributed computing platform based on block chain technology. Ethereum is an advanced block chain technology from Bitcoin, which stores simple transaction records and is only used as a means of payment, and provides tools, libraries, and APIs for third-party developers to develop their own DAPP SERVICE.

Ethereum is currently developing 2.0 to dramatically improve the speed down the road as the traffic increases, and is expected to release 2.0 in 2020.

The GXT platform is developing advanced services in line with the introduction of Ethereum 2.0. We will link the data of OFF-CHAIN and the GXT system with the Ethereum platform, which is ON-CHAIN, and establish commerce and FinTech platform services

gxt network background

GXT Network Chain Structure

On-chain transaction (GXT MAIN)

On-chain (Ethereum Protocol) registers transaction information on the GXT main block chain network by synchronizing the accumulated information through GXT off-chain transactions. At this time, only the necessary information is registered on the block by minimizing the information from the off-chain.

Off-chain transaction (GXT SUBNETWORK)

The GXT platform service requires a recording system application repository to track and store sensitive data. Important data include credit/input transactions/internal regulatory data (e.g. GDPR) in GXT accounts, and GXT COMMERCIAL SERVICES. This information records the traditional database in a traditional way.

Using relational databases to build auditing capabilities can make mistakes and require custom development, making it difficult to track and verify unintended data changes. By building a cloud-delivered off-chain system, GXT leverages a scalable serverless architecture to easily verify the integrity of past records. By effectively managing and connecting data generated from numerous off-chain logic to the on-chain, we aim to create a hybrid GXT system with a centralized and distributed ownership operation.

gxt network chain structure

GXT On-Chain / Off Chain Structural necessity

Centralized Network

Centralized Network

Centralized Network

GXT HIBRID Network

Centralized Network

Decentralized Network

GXT System Architecture

CLIENT
LAYER

Mobile
Dapp (Android / IOS)

GXT API

Admin Management
Off Chain / Transaction Data
KEY / META DATA

STORAGE
LAYER

③ SHA DECRYPTION HASH DATA / DECRYPTION KEY

SMART
CONTRACT
LOGIC

GXT SMART CONTRACT

GXT
ON-CHAIN
BLOCKCHAIN

GXT BLOCKCHAIN GXT TRANSACTION / ETH NETWORK

GXT Smart Contract

GXT Smart Contract Procedure

contract procedure

Identity Accreditation Contract Code

The customer's KYC (KNOW YOUR CUSTOMER) registers the information during the membership process, and the registered information is recorded in the mainnet block chain, and the management of this information is managed by a separate certification authority in GXT PLATFORM.

GXT PLATFORM plans to rescue KYC, GDPR, and other systems and modular security elements, taking into account future financial services links.

Payment Contract Code

Content registered on the GXT platform is priced by the provider for the product and the consumer accepts the payment, and the bilateral payment agreement code is executed.

The settlement process is also carried out through smart contracts, which create an efficient settlement system.

Reward Contract Code

Customers working with the GXT PLATFORM service can receive GXT TokEN as a reward for e-commerce purchases and activities.

Additional discounts are available for content purchases with GXT, and a portion of the content cost is eligible for buyback. The information on the buyback can be found in the future GXT's smart contracts, and the proper proportion is organized according to the platform's revenue structure.

Staking Contract Code

The holder of GXT TOKEN executes the code to equity the asset through the staking service provided at the opening of the XIGNAL Exchange

GXT's stake generates revenue, which is implemented in a similar context to the deposit instrument from a financial perspective. There will be an unbonded period for steaming, and by establishing a process for managing the staking module, we will create an infrastructure that can communicate between the staking module in the core and smart contracts.

Security transaction and fraud prevention

The GXT platform employs a variety of security solutions to protect systems and protect servers, clients, networks and data. We plan to operate AML and ISMS to ensure stable service operation and reflect the government's policies.

SMART CONTRACT implements fraud prevention and black list accounts through tracking information on off-chain related to GXT security transactions and fraudulent payments and code that detects abnormalities.