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

Customer information stored when registering as a member of the GXT service platform is coded as an identity authentication contract and managed by a separate security DB server in GXT PLATFORM INC.

GXT PLATFORM will rescue KYC, GDPR, and other systems and modular security elements in consideration of future financial services links.

Payment Contract Code

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

As soon as the content is received by the end user, the contract is completed. The settlement process is also carried out through smart contracts, and we want to establish an efficient settlement system.

Reward Contract Code

Customers who use the services provided by GXT PLATFORM INC can receive GXT TOKEN as a reward for purchase information and activity. You can get an additional discount when purchasing content using GXT TOKEN, and you can receive buyback a portion of the content cost.

The buyback can be confirmed through the smart contract of GXT Token in the future, and an appropriate ratio will be composed in the contract according to the platform's profit structure.

Staking Contract Code

Through the staking service, code to stake the assets of GXT TOKEN holders is executed. GXT Token’s staking generates revenue, which is implemented in a similar context to the deposit instrument from a financial perspective.

There will be an unbonded period for staking, 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 security and fraud prevention

The GXT service platform protects servers, clients, networks, and data through security solutions and When an abnormality occurs in the tracking information on the off-chain related to GXT Token illegal payment, it detects it, and implements the illegal payment prevention and black list account as SMART CONTRACT.