AOT Blockchain Technology
AOT Coin's blockchain technology was issued based on KLAYTN. KLAYTN is not a private blockchain used inside a specific company, but a public blockchain in which anyone participates without restriction. The disadvantage of this method is that it slows down as more users increase, and KLAYTN focused on improving it.
KLAYTN's strength lies in its faster speed and ease of use than Ethereum. KLAYTN's transaction volume per second (TPS) is around 8,000. It is about 400 times faster than Ethereum. Even if variables are involved, there is no big problem with smooth transactions. It compensated for Ethereum's inconvenience of having to pay a usage fee every time it was transmitted.
KLAYTN simplified this process by introducing a function that pays fees instead. Through this, it is convenient to use the AOT electronic wallet because it can pay for gas costs with AOT coins.
Blockchain Technology for AOT
The AOT project will participate in the construction of a platform using Tendermint open source to build a faster and more secure mainnet in the future.
Tendermint-cosmos has a Tendermint consensus protocol and has the concept of a partial Synchronous Fault Tolerant (BFT) consensus protocol. In other words, Tendermint is a consensus algorithm that combines the Delegated Proof-of-Stake (DPoS) concept and the PBFT concept.
The characteristic of Tendermint-cosmos is interoperability.
This means that in order to maximize the potential of the blockchain, an "Internet where blockchain is connected to each other" must be created based on a "unified protocol."
AONE TOSS (AOT) Mainnet Structure
The AOT main net structure is the same as the upper one. It consists of Tendermint's DPoS-based blockchain and Apache Casandra's distributed DB layer, and various platforms such as Exchange/DeFi Service/Shopping Platform. It consists of functions for Reward compensation using contracts and application functions such as Payment and Wallet functions.
Apache Cassandra is a free and open source distributed NoSQL database management system designed to provide high performance while managing large amounts of data between numerous servers.
Cassandra supports clusters across multiple data centers and allows low latency operations for all clients through masterless asynchronous replication. The AOT mainnet platform requires an embedded database that can store data to all nodes in the blockchain, such as The Distributed Database, and due to the nature of the distributed blockchain application, the nodes are replicated and synchronized to all nodes in the blockchain.
AONE TOSS (AOT) Blockchain Features
It provides convenience and practicality by forming a platform that connects customers, merchants (sellers), advertising operators, and payment providers, and creates a DeFi service, simple payment service, compensation system, new concept advertising market, and new sources of income. The use of AOT Coin by swapping different corporate points increases the demand for AOT Coin and increases the value of the coin. Based on the profits generated from the AOT platform, higher quality services are provided to holders and merchants to form a virtuous cycle structure. It focuses on active use of the system, such as issuing unique numbers using blockchain's unique technology and forming a DB by making it possible to analyze various markets and advertise customized by using big data. This also suggests the possibility of entering the blockchain-based big data industry in the future, and it aims to make the value of the platform more valuable by providing intuitive and fun to users and high-quality APIs to sellers using augmented reality-based technology that combines reality and virtual. It is the super cloud that collects all of these parts and sets the final goal, and it represents a vision for everyone to coexist in the actual payment ecosystem.
The AOT Platform is an Android-based all-in-one payment terminal, and as a commercial payment network is established, the database of all information paid is stored in the blockchain. All payment companies participating in the AOT consortium blockchain share one ledger to strengthen reliability and security and provide fast transaction speed, and participate in the consortium blockchain, a type of private blockchain.
In the consortium chain, a small number of subjects participating in the blockchain payment system act as verifiers, and the system rules are flexible. Only the verifier can see the chain, or the authorized individual or everyone can see it. If the verifiers achieve an agreement, changes can be easily implemented, so the blockchain payment system can be flexibly changed and dealt with according to changes in the payment market. In other words, AOT's consortium blockchain functions without any problems if the subjects act honestly with more than a specific number of participants. These consortium blockchains are most useful in complex organizational environments operating within the same industry and where common transactions or information are needed. Participating in this type of consortium will facilitate and quickly spread the participation of start-up payment companies because it can benefit the organization because they can share their industrial insights with other companies.
The AOT Platform Consortium Blockchain Payment System is currently developing Android-based payment terminals to establish a payment network in the PVC credit card payment market and the future smartphone APP TO APP payment market. Android payment terminals support PVC credit card and Samsung Pay by supporting IC reading and MSR reading, and NFC-based simple payment (Apple Pay) of smartphones and NFC-based payment (such as transportation connection card) by NFC. It also supports smartphone APP TO APP payment (Kakao Pay, Alipay, WeChat Pay, Naver Pay, Zero Pay, Syrup Pay, Web Card, etc.) based on QR code and BAR code. Virtual asset Currency's commercial transaction payment will also support payment, settlement, and sales reporting in commercial transactions through the smartphone's APP TO APP payment method. Through the commercial transaction payment network established in this way, AOT coin becomes a real economy-linked coin that is paid like cash.
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