Structure of the
Main chain technology
GSB is mainly composed of two levels: the core level and the service level. In the core level, the Ethereum framework is used to build up the basic service and operation mechanism. In the service level, GSB is packed as the API interface to provide integrated wallet service based on the service level.
1.Brief instruction of the application level
GSB is the distributed application based on block chain technology whose integrated performance is providing the programmable TOKEN and the service system contained. The application level will provide remittance and exchange of digital asset, savings of digital asset, the derivative finance as mortgage of digital asset, credit, bills and other service. The service level is actually integrated in the wallet of GSB.
The service level provides the application conventional platform, state channel, service API and other outer service, which realizes the matchmaking, billing and so on for GSB, as well as its infrastructure capacity.
The service level will realize the matchmaking of parties with demands and the business implementation of GSB. API in the service level can provide the data service of application development for the external third party, as well as the R&D convenience for the business expansion of ecological application in World Development Bank.
The service level will also provide the connection for external data interface and make the data on foreign exchange and digital assets update in a synchronized way so that users can operate remittance and exchange of digital asset and carry out value investment.
The core level provides the construction of application convention, the management of the output ID of conventional data, node management and other basic management. In such a level, management of application convention and node is realized. The node will read the data according to requirements and finish the answers with other nodes in the chain.
The data storage in the core level is based on the Ethereum and then a series of intelligent contract, consensus mechanism, award mechanism will be dispatched to realize the intelligent operation of the whole project.
① Intelligent contract
It is based on the standards of business system of GSB. Intelligent contract includes the mathematical calculation data base using Safemath for safety check which is composed of the user system, account system, order system, matchmaking system and the sub-system of clearance system. All the subsystems will coordinate with each other to complete exchange, storage, remittance and loans, transaction and a series of orders. The intelligent contract dispatching system is connected with the business system, which will be publicized in the subsequent update.
② Consensus mechanism
In terms of the consensus mechanism PoW within the technological structure, GSB adopts the mechanism in the internal technology structure, the main reasons are: 1. GSB adopts the block chain structural system and it is decentralized, which leads to the consequence that there is no processing center in the system. However, the bigger data is required to be supported by bigger calculation capacity, which must rely on the real calculation capacity of PoW to realize business operation. 2. PoW consensus mechanism can trigger the development and maintenance of intelligent contract for GSB and provide early-stage support for subsequent development of public chain for GSB.
③ Award mechanism
Incentive mechanism: service mining+cash dividends
Operation flow of incentive mechanism：
1) Investors register the account in GSB
2) After login, users can check their own wallet
3) Then, they can download the asset wallet APP, check address and QR code of their wallet
4) Investors will buy GSB TOKEN on the relevant platform mainly by private and digital asset exchanges
5) After the transaction is successful, investors can check the GSB TOKEN they have in the wallet. In the initial stage, the private GSB TOKEN is locked for transaction and the TOKEN being locked is equipped with ownership attributes
6) GSB TOKEN being released can be transacted and there are two ways for the transaction
i Remittance, exchange and remittance transaction can be carried out internally.
ii Transaction in the exchange institute
7）GSB TOKEN being released can be kept for long term, which has the following advantages
i Enjoying the dividend of the same ratio
ii Appreciation of currencies on the platform
iii Decision-making in community
In the technological structure of GSB, we propose the Incentive Agreement facing Distributed Ledger: for some quantity of block chain and the Distributed Ledger in the closest time period, GSB provides the corresponding incentives for them; the rewards is TOKEN. When the flow of TOKEN exceeds 60%, the rewards mechanism is shifted to TOKEN transaction rewards. 0.01% TOKEN will be deducted for every transaction as the Incentive Agreement.