AO (AurumOx Protocol): Building the Whole Ecology of Blockchain with Transaction at its Core
With the recent release of Facebook’s blockchain asset, Libra, the blockchain industry, once again, has accelerated its developmental pace. The entry of traditional institutions into the industry in recent times has led to a significant rise in the price of Bitcoin, as well as a general improvement within the current blockchain market. However, improvement of blockchain, and the application of its upper layer, is still combatting a number of obstacles. The AurumOx Protocol, based on the new-generation technology of blockchain 4.0, is committed to building the whole area ecology of blockchain, with transaction at its core.
The AO (AurumOx Protocol) ecology is based on the AO High Speed Public Chain, with a future build goal set to include further layers: the Global Gold Exchange and decentralised trading platform (GEE), plus a Global Blockchain Bank (GBB), plus a Global Real Estate Exchange (GREE).
As the starting point of the ecological foundation project, the AO public chain aims to counteract the difficult problem of expansion; that is, the expanding of the public chain within the current market. AO introduces sharding technology, supports horizontal expansion, adopts the slicing technology of network fragmentation and transaction fragmentation, and provides BaaS (Blockchain as a Service) services to provide developers with a number of rich APIs to build off — namely the BaaSAPI, a data transaction API, and a native API development zone for blockchain application. The AO ecology also promotes data application development in various industries: applications based on AO will enjoy data support from all over the field, allowing developers to develop more valuable commercial applications.
The AO public chain realises the expansion and cross-chain targets by adopting several technological consensuses: in-market, the DDPOS consensus protocol, the advanced open-source Graphene scheme, and fragment technology. The TPS reaches 39,523 in an actual operating environment, which is more than 10 times that of EOS. The AO common chain will also provide a stable, mature underlying protocol for building richer applications.
With the advanced underlying public chain as the basis, AO has reached cooperation with South Africa, the Democratic Republic of the Congo, and other major gold-producing areas, and a USD$10bn group company within the United Nations, relying on rich gold reserves and the issue of gold stability certificates. Of course, traditional gold products have some significant limitations, such as the difficulty of realisation, high investment thresholds, tedious transactioning, price differences, the difficulty in linking products to the gold price, and so on.
Among the three stable certificates of legal currency mortgaging, digital currency mortgaging and calculation type, the former is perhaps the most stable of the three. A gold stability token is, broadly, a more stable sense of this consensus, compared to, for instance, the USD-pegging of USDT and other widely-considered-as-stable assets, as gold is more internationally-recognized, value consensus is much higher, and the scope of application is naturally wider.
In the future, users can obtain gold products by purchasing Global Gold Exchange Coins (GGEC). At the same time, they can obtain a digital property rights certificate and gold ownership certificate, thus providing effective evidence for the value transfer of gold products.
Although there are many exchanges on the market, a self-owned exchange can provide basic liquidity for the project token. The biggest advantage of the GGE exchange is its own gold mall features. The gold market provides an online exchange channel for GGEC, which guarantees the liquidity of these tokens, thus enriching the functional module of the exchange.
In addition to GGEC and GGE, the AO Ecological Global Blockchain Bank and the Global Real Estate Exchange have also been released. GBB, a global blockchain bank based on AO high speed main net development, is the first chain bank to focus on mainstream encrypted digital assets, as well as the fiest to provide asset management and allocation services for these assets. GBB is also compatible with high-speed blocks, and enjoys both a strong robustness and an innovative consensus mechanism in the form of DDPOS. It can support a variety of mainstream encrypted digital currencies to realize complex asset-allocation and intelligent contracts, and can be customized to provide a variety of AO public chain encrypted digital currency-lending products and financing schemes, which helps to achieve intelligent and efficient encryption of digital money financial resources matching — ultimately providing a wide range of financial service value.
At present, the main net of the AO public chain has been online, with consistent and rapid development occurring at each additional layer. In the future, each of the AO ecological sectors will merge with each other to create the whole domain ecology of blockchain — with transaction at, and working as, its core.