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WhiteCoin Initiates Socialized Trading and Embarks on a New Journey

中本聪沙龙 2020-1-6 09:49

Recently, through the active communication of volunteers from the WhiteCoin community to the industry's leading exchanges, we have reached in-depth cooperation with the world's first socialized trading platform. At 16:16 on December 19, 2019, AMA live broadcast was held on the BiYong platform and WhiteCoin official community, and Jiss Wang of WhiteCoin China community committee was invited to participate in the live broadcast.

The live broadcast lasted for nearly one hour, 40,000 + users from the WhiteCoin community were involved, including 30 + WeChat groups and 2 official WhiteCoin telegraph communities. During this period, Jiss Wang made a detailed introduction of WhiteCoin, its series of future plans after cross chain upgrading, etc., which deepened the community users' understanding of WhiteCoin and made them full of confidence in the future of WhiteCoin.

Jiss Wang said: at present, cross chain technology is the core competitiveness of the blockchain industry. Therefore, after two major meetings in July 2019, the community upgraded the WhiteCoin. The upgrade includes the upgrade of the main chain, and the upgrade of team operation mode, etc.

The upgrade of the main chain from POS3.0 base to cross chain project based on RPOS, and the team from part-time development and community operation to the combination of full-time and part-time.

In regard of the technological aspect, WhiteCoin adopts the most cutting-edge cross chain technology: random proof of stake (RPOS); through the innovative multi tunnel blockchain communication protocol (MTBCP), WhiteCoin Axis, Wallet, smart contract and other blockchain technology achievements and innovations, It realizes the value interconnection between blockchains and lays a foundation for the realization of complex distributed business applications between blockchains.

Since a number of people are unheard of MTBCP, let’s expand on that concept. MTBCP is the original communication protocol for point-to-point information transmission between blockchains created by WhiteCoin. When the user creates an account on the WhiteCoin chain, WhiteCoin will generate the corresponding tunnel account according to the MTBCP and bind it with WhiteCoin account. When cross chain transactions occur, the corresponding data is packaged and delivered securely through MTBCP. The tunnel account generated by MTBCP can help WhiteCoin to confirm the unique correspondence of transferred assets. MTBCP only recognizes assets that are traded across the chain through tunnel accounts and issues or destroys corresponding WAMP asset tokens in accordance with the consensus.

Jiss Wang also stated: with the upgrade of WhiteCoin official website, the swap of new and old WhiteCoins on the official website is also going on smoothly. The first stage of the swap work has been successfully completed. The second round of swap will officially start at 14:00 on December 23, 2019 based on the votes of the community WallFacers meeting. This time, the old and new exchange quota of XWCC is 10 million, and the old to new exchange ratio is 8:1. At present, the official website has opened the old currency deposit channel, and users in the WhiteCoin community can deposit the old WhiteCoin to the official website in advance, waiting for the official start of the swap next week!

As the swap has started, all users holding WhiteCoin can register as miners or mortgage to the official miners for mining. With the gradual addition of miners from the communities, the official miners will gradually withdraw. All the proceeds of the official miners will be put into the WhiteCoin foundation for lockdown and returned to the community later.

The distribution mechanism of new currency mining

The WhiteCoin foundation has recently been established, which will completely change the past situation of scattered community resource and slow development. At the same time, we will fully integrate the past community advantages of WhiteCoin and give full play to its accumulated experience in the blockchain industry, and lay the foundation for the next development of WhiteCoin.

After the upgrade of WhiteCoin public chain, next, we will carry out ecological construction on this chain. It includes the technology development and the ecological development of the main chain. Namely:

Main chain docking: at present, WhiteCoin has realized the docking of BTC, ETH, LTC and other three main chains, and can quickly dock the related tokens of ERC-20. In the next step, the WhiteCoin will connect with BCH, EOS, USDT, PAX and other public chains.

SDK support: WhiteCoin will focus on improving the SDK functions, so that developers and third parties can realize cross chain application and product development on the WhiteCoin public chain.

Open trading platform: the project developers will further advance the decentralized trading API and support more teams to build decentralized exchanges on the WhiteCoin public chain.

Smart contract development tool: improve the API document of smart contract, so that external teams can develop smart contract applications on WhiteCoin more easily and quickly. At the same time, WhiteCoin will strive for cross chain ecological construction and support a number of DAPPs to develop and promote themselves on the chain. The WhiteCoin foundation will provide special funds to support the technician team to carry out ecological construction in the fields of game development, decentralized storage and decentralized social networking based on the WhiteCoin public chain.

WhiteCoin project was born in the beginning of 2014. It has been supported by a large number of users and attracted tens of thousands of users all over the world. The step that WhiteCoin takes to be listed on the world's first socialized exchange not only realizes a more direct and transparent interaction between users of the WhiteCoin community and the WhiteCoin official, community masses and leaders of the WhiteCoin community, but also creates a very convenient environment for the overall interests and development of the WhiteCoin community.

Whether it's technological innovation, efficiency improvement or problem-solving, all previous efforts will play a certain role in promoting the development of WhiteCoin. In the last month of 2019, we need to cultivate our internal skills, polish ourselves, improve our ability and set sail for a new journey!

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