Token Smart Contract Protocol

  • The External-owned Account sends SC_INFO to other nodes.

  • External-owned Account sends a SEND Block containing a Public Token transaction to activate the Internalowned Account. Nodes in the network will verify the Smart Contract based on the SC_INFO_HASH in SEND.

  • After confirming the SEND Block, External-owned Account issuesthe OPEN Block in the Internal-owned Account chain and the Genesis Block of token by utilizing โ€œInit()โ€ in the Smart Contract and consequently broadcasts to the entire network.

  • When each node receives the broadcast, it updates the local account information and calculates the balance of the Root Token for the Internal-owned Account and the balance of the new token. The process of issuing a Token Smart Contract has been completed.

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