Bytom

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FLO

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IPFS

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Bytom

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FLO

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IPFS

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What problem does this service solve?

Bytom aims to create a secondary market for physical assets registered to their blockchainFLO's blockchain allows users to record short comments or notes to its transactions.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

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Company Description

Bytom is a Chinese company that is developing a blockchain platform that is specifically designed to register securities and physical assets to the Bytom blockchain. Bytom aims to create a secondary markets for these blockchain registered assets and will allow them to be tokenized.
Bytom is compatible with other platforms and enables high transaction speeds and anonymity.
One of Bytom's key features is its improved PoW consensus algorithm that is compatible with AI-enhanced ASIC chips. This allows for more efficient mining that uses less energy.

FLO is a Proof-of-Work blockchain with a metadata layer called floData. It enables users to easily record notes to its blocks, and can be used to create DApps. One of FLO's central features is the Open Index Protocol, which standardizes cryptographic ownership on open networks. The founders of FLO are also working on Alexandria; an open-source standard for users to publish and distribute original content. FLO's source code is based on that of Bitcoin and Litecoin. It is designed to enable fast transactions times.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

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