The mission of BlockBank is becoming the bridge between corporates, users and businesses.
Free Transactions is one of BlockBank's core functions. Hence, a set of free transaction functions have been introduced to BlockBank: The “bandwidth”generated from the pledged tokens of an asset issuer and manager in the system is used to pay the transaction fees arising from transfers during issuance of assets.
In addition to the general bonus point assets, asset issuers and managers also demand for issuance of digital assets featuring in dividend payout. BlockBank will be equipped with a smart contract-driven automated asset dividend function.
Asset issuers and managers may form an asset alliance by entering into a smart contract, in which case, users can exchange assets issued by different asset issuers and managers of the alliance at a fixed exchange rate.
BlockBank has a built-in feature that encrypts the digital asset streaming platform. In this platform, users can transfer their own assets in the platform to other users. Assets issuers and managers can set whether the assets they issue can be traded on this circulation platform.
Different from the Bitcoin's address-based system, the Graphene toolkit uses an account-based system. Therefore, it is inappropriate to directly apply Bitcoin's HD technology to BlockBank.
Enlightened by the HD technology, an advanced Graphene toolkit-based payment notification model and an optimized transaction identification function have been put forward.
The next phase will include the distribution of basic encrypted digital assets, management, authentication, feeles transaction, improved payment validation, and digital asset alliance capabilities.
With more applications coming soon.