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Botton is defined as a global distributed self-consistent business system. Botton Coin, referred to as BOC, is a functional currency in the Botton blockchain business system. It is the hard currency of the ecosystem, used in various transactions, and is equivalent to personal wealth. Based on blockchain technology, Botton creates a traceable supply chain, quantifiable credit, and open and transparent data across regions, groups of people, and business formats. It integrates crowdfunding, investment, consumption, membership services, and precision marketing. A business environment of joint participation, joint construction and joint sharing, and a new business ecology with multi-party participation and multi-party benefit. Botton aims to carry out organizational management, functional division of labor, trust building, and value exchange through preset transparent rules, creating a community of multiple business interests with equal status, and reshaping the global business system.
Connection
The essence of blockchain is connection. Connect people to people, people to things, and even things to things. Through the blockchain network, people can easily exchange information and transfer value, and the liquidity of value becomes stronger.
In today's society, with the development of information, there is only one thing that will become increasingly scarce in the future: attention.
And this kind of connection, to a large extent, can bring together various desires of people through concentration, so as to achieve commercial success.
Value
Value is the fundamental goal pursued by an enterprise, and creating value is the essence of a business model.
People's desires are endless, but money is limited.
Business is to satisfy the endless desires of human beings with limited money.
As long as there is desire, demand, and commercial profitability, it can be called a successful business model.
Experience
Experience is the commercial value that consumers can obtain beyond physical functions, and it will play an increasingly important role in the future commercial system.
It is human nature to like good sensory experience, and to achieve this kind of experience, it can even reach the point of madness.
The blockchain empowers the business system and will bring a brand new experience.
Sharing
Sharing is the inevitable result of the interconnection of various links in the Botton blockchain business system. "Sharing economy" is to get paid by providing people with the right to use items for a certain period of time, and its essence is resource sharing.
The biggest feature of sharing is that it solves the problem of money.
People's desires are infinite, but money is limited.
How to satisfy unlimited desires with limited money while making a profit, the Botton blockchain system will give the best solution.
Win-win
Win-win is the ultimate goal of the Botton blockchain business system.
It is inevitable that there will be competition among enterprises, but in order to achieve a win-win situation in the competition, a "competition and cooperation strategy" must be implemented.
This is achieved through profit.
Enterprise grouping can reduce costs, form economies of scale, and help improve product and service quality.
Fields with many small businesses are often undeveloped markets.
A well-developed market should be a monopoly market. Only by forming a monopoly can we reduce costs, obtain high profits, and provide users with high-quality products and services.
Botton business system is the largest monopoly that will be formed.
This point is not understood by ordinary people, which is the common sense of many economists.
From the point of view of consumers, a win-win situation means cost reduction.
Decentralization
Blockchain is a public account book maintained by each node and stored at each node point of the whole network, because each node The same bookkeeping transaction rules must be followed, and the rules are based on cryptographic algorithms rather than credit. At the same time, each transaction requires the consensus of most nodes in the network to obtain final confirmation, and thus avoids centralized third-party intermediary structures (such as Say bank) or trust agency endorsement. In a traditional centralized network, an effective attack on a central node (such as a payment intermediary third party) can destroy the entire system, but in a decentralized network such as a blockchain, attacking a single node cannot Controlling or destroying the entire network, mastering 30%-50% of the nodes in the network is just the beginning of gaining control. At the same time, decentralization makes it no longer possible for a super administrator to arbitrarily tamper with data in the center.
In the blockchain network, through the self-restraint of the algorithm, any behavior of maliciously deceiving the system will be rejected and suppressed by other nodes, so it does not rely on the support and credit endorsement of the central authority. In the traditional credit endorsement network system, participants need to have sufficient trust in the central organization. As the number of participants in the network increases, the security of the system decreases. On the contrary, in the blockchain network, participants do not need to trust anyone, but as the number of participating nodes increases, the security of the system increases, and the data content can be completely disclosed.
Botton adopts the TPOS consensus mechanism, and partners can strengthen credit guarantee by joining the Botton node. Due to the use of distributed accounting and storage, there is no centralized hardware or management organization, and the rights and obligations of any node are equal. The data blocks in the system are jointly maintained by nodes with maintenance functions in the entire system.
Information cannot be tampered with and encrypted security
The blockchain adopts a one-way hash algorithm, and each newly generated block advances strictly in time linear order, and the irreversibility of time leads to Any attempt to intrude and tamper with data information in the blockchain can be easily traced, leading to rejection by other nodes, thus limiting the generation and execution of related illegal acts.
Since there is no center, all nodes are required to decide whether a transaction is true and valid. This method of determining the transaction through most nodes is to reach a consensus among different nodes. The consensus mechanism is an important part of blockchain technology. Currently, mainstream technologies include POW, POS, BFT series, etc. Simply put, there are always contradictions and trade-offs in the number of nodes and transaction confirmation efficiency. Taking Bitcoin as an example, it chooses to use POW, which is a simple and practical consensus algorithm, and can support the number of nodes in a large number of Bitcoin networks around the world, but the cost is at least ten minutes to generate a block, and requires at least It takes six blocks to confirm a transaction with a high probability. This is unacceptable for many commercial application scenarios, so the application direction of blockchain determines the choice of consensus algorithm.
Botton adopts the TPOS consensus mechanism. Once the information is verified and added to the blockchain, it will be permanently stored. Unless more than two-thirds of the nodes in the system can be controlled at the same time, a single node will Modifications to the database are invalid, so the data stability and reliability of the blockchain are extremely high. Various traffic, data, settlement, agreement, and rights and interests in the operation of the platform cannot be modified by anyone, even the business chain platform.
Autonomy
The blockchain adopts consensus-based norms and protocols (such as a set of open and transparent algorithms) so that all nodes in the entire system can be free and safe in a trustless environment The exchange of data changes the trust in "people" to trust in machines, and any human intervention will not work.
Openness
The system is open, except that the private information of all parties to the transaction is encrypted, the data of the blockchain is open to everyone, and anyone can query through the public interface Blockchain data and development related applications, so the entire system information is highly transparent. The parties in the alliance can greatly reduce the cost of trust and the threshold of trust, which is conducive to the formation of various alliances.
Anonymity
Since the exchange between nodes follows a fixed algorithm, its data interaction is trustless (the program rules in the blockchain will judge whether the activity is valid by itself), so The counterparty does not need to disclose the identity to make the other party trust itself, which is very helpful for the accumulation of credit.
The characteristics of the blockchain put aside those purely technical terms, one is to greatly reduce the cost of trust, so that the Botton (Botton) business system can organize various business activity alliances across borders, regions, and formats ; The second is to realize the transfer of value, so that various commercial rights and interests in the Botton (Botton) business system can be transferred and exchanged as needed; the third is to reduce data exchange costs and protect data ownership rights, which will greatly reduce the cost of business organizations Barriers to sharing and exchanging data between people, and realizing the unbounded ideal in business operations.
*The above content is organized by YouToCoin official. If reprinted, please indicate the source.