Blockchain Transmission Protocol (BTP)
Blockchain Transmission Protocol, or BTP for short, is a technology that allows cryptocurrencies and various blockchains using different algorithms and different infrastructures to work in harmony, produce common value and provide information flow. Thanks to this technology, technologies with no consensus can also work together.
What Does the Blockchain Transmission Protocol (BTP) Provide?
It is a very useful thing for exchanging tokens using several different blockchain technologies and infrastructures. Because Blockchain Transmission Protocol (BTP) directly allows such exchanges by making smart agreements between different blockchains without the need for an intermediate crypto chain platform. In this way, while the transaction load and costs increase, the transaction load and speed decrease.
What Are the Building Blocks of the Blockchain Transmission Protocol (BTP)?
It must comply with the following Blockchain Transmission Protocol (BTP) building blocks and functions to ensure the transmission of data and, while doing so, maintain integrity, maintain validity and make this transmission flawless.
- Message Properties: Messages in the system must contain sender, receiver, service name, serial number, and service data.
- Message Relayers: It is the mandatory application to query and transmit messages between different Blockchains.
- Message Verifiers: Message verifiers act as verifiers for data collected from different relays.
- Service Smart Contracts: Verified Blockchain Transmission Protocol (BTP) messages are forwarded to the Smart Service Contract so that the transaction from the smart contract of the sending blockchain can be executed in the smart contract of the receiving blockchain’s algorithm.
Data Verification in Blockchain Transmission Protocol (BTP)
All these blockchain verification procedures are shared transparently as the Blockchain Transmission Protocol (BTP) validates data from different platforms and technologies using smart contracts. This creates a system that can be monitored and audited by everyone. At the same time, thanks to this situation, the smart contract system becomes faster and more reliable.
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