Introduction
Blockchain technology gets bigger every day as more information is added. Discovered in 2008 by Satoshi Nakamoto but recently implemented in 2009. One of Blockchain's fantastic technological discoveries has supported crypto or digital money. Examples of crypto currencies are Bitcoin, Ripple, Ether, etc.
Indeed, Blockchain uses mathematical algorithms and functions to create a highly secure and distributed ledger system that allows transactions to occur without the consent of a third party or central authority. Therefore, this is called "decentralized technology."
Background
Blockchain technology is an open, decentralized technology used to record and store transactions using digital blocks. Block in Blockchain technology represents a publicly distributed database. Additionally, each block in the chain is a computer code that contains information such as transaction history, certificate of authenticity, ownership certificates, contracts, financial transactions, only a few. Also, the blocks in the database are connected to each other using a digital chain.
What is All-Stock?
ALLSTOCKS Network is a distributed global stock exchange platform that aims to interact with all major stock exchanges and stock brokers worldwide. It also allows trading of crypto tokens backed by real financial assets.
This network will create a decentralized system, which will allow all stakeholders to trade with tokens that comply with the ERC20 standard. This backup asset will be stored in your escrow account. In addition, the network will allow users to trade financial assets (such as currency and bonds) on Blockchain technology.
System architecture:
Crypto Exchange Currency: Crypto exchange exchanges will play an important role because they provide digital wallets and fiat currency accounts in their local currency.
Public Blockchain: Since it is still not recommended to rely on public blockchain due to its limitations and challenges (already discussed), secure public blockchain provides necessary support for ALLSTOCKS systems.
Stamper: Make sure tethered tokens have the value they want. Indeed, the postage stamps and binds the tethered traditional asset token.
Application layer: A variety of apps that utilize tethered token capabilities are developed after they are set. These capabilities include trading platforms, money transfer wallets, and payment processors.
Blocked Token: Preferably, tethered tokens are required to create a traditional token with a real financial asset backup. Also, for every traditional asset held at Blockchain, the token is printed.
Transfer Ownership: After the token token issuance, all base assets can be traded with crypto currency adjustments.
The steps of performing this operation are described as follows;
User sends fiat currency to stamper.
Stamper agrees and returns the ALLSTOCKS-bound tokens.
Users can trade or hold ALLSTOCKS token moorings.
Then, the user redeems his token.
Finally, the stamper sends fiat currency to the user's account.
Cost: Fees always apply whenever digital and traditional assets are transferred, and these charges should be recorded.
Regulation: Any chain transactions used to indicate off-chain ownership transfers must be managed accordingly and will also comply with local and foreign regulations.
Token Distribution;
Roadmap
Team
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Author: Adikusnadi
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ERC20 Ethereum wallet: 0x1b1d7A5D27aFA9084E9D38765F20ed9fE96e6050