Sunday, June 7, 2020

The concept of Blood Coin and Blaa BF3, differentiation from existing Ethereum smart contract GAS



In the blood ecosystem, BF3 (BLOOD For 3rd Party)

It is not a concept of a contract called an existing smart contract,

It is described as an issuance system for appointments.


So first of all,

Let's take a quick look at what a smart contract is.


Bitcoin is generally called the first generation blockchain,

The Ethereum that appeared afterwards is called the 2nd generation blockchain.


If the existing Bitcoin was more than a simple financial transaction function,

Like Ethereum, it expands the transmission technology of blockchain systems

Smart contracts are made to be applicable to multiple contracts.




Existing contracts, when writing contracts and exchanging assets and services,

We depended heavily on the "trust" of people.


For example,

A, who decided to collect cash and deliver the building,

When you submerged with B's cash,

There is no way for B to sanction A's behavior, which ran away from the contract alone.


On the other hand, in smart contracts,

If the developer codes the terms and contents of the contract in advance,

The contract will automatically proceed by P2P connection between the contracting parties.


If you contract with a smart contract at this time,

Tokenized assets must be passed, but also the tokenized price is paid.

The contract is made without human intervention.




Like this, smart contracts using blockchain technology

The contractor's transaction process is recorded in a decentralized electronic book.


As for now, for each contract

No government or agency approval or control,

The deal gets faster,

The way to trade is also much more convenient.




The biggest difference between the Blood BF3 (BLOOD For 3rd Party)

It can be referred to as a transaction (transfer) fee.


If you create a token "X" in the Ethereum environment,

GAS is required for development, order, and transaction.


However, the transaction of tokens created in BF3 is not BLOOD,

The generated "X" BF3 will be used as a fee.

Those who exchange "X" BF3 tokens don't have to have BLOOD.


This BF3 is not a developer

General users can also use the SDK on the web.

You can easily issue tokens.


The BF3 created through the Blood Mainnet

Companies and small businesses

Can be used as coupons, points, mileage, etc.,


Most of all, if you register BF3, it works with the mainnet.

Automatically registered in the DEX system,

It is possible to exchange between different BF3.





For example, it is possible to exchange between K-mart's BF3 and A-beauty salon's BF3.

All these transactions are a wallet service combined with a messenger platform.

It can be managed in BlaaChat.


Consumers obtained from marts, beauty salons, restaurants, etc.

BF3 points

It has the advantage of being easily combined into one.


Immediately,

In the BlaaChat


Finally

Blood, Btamin, Blaa

Briefly tabulated

I'll finish posting.


If the above posting was helpful

adonis to referrals when joining Blaachat

Please.



↓BlaaChat Information

What is Blaachat ?












No comments:

Post a Comment