What does btm mean (explain the terminology in blockchain technology)

BTM, the abbreviation of Bytom, is a digital asset exchange protocol based on blockchain technology. Bytom aims to connect digital assets with physical assets and build a credible, efficient and secure digital assets trading ecosystem.

Bytom's building

Bytom's architecture is divided into three layers: application layer, protocol layer and data layer.

Application layer: provides various application scenarios, such as digital asset transaction, digital authentication, digital certificate, etc.

Protocol layer: provides various protocols, such as transaction protocol, authentication protocol, certificate protocol, etc.

Data layer: provides various data storage and management services, such as blockchain storage and distributed storage.

Bytom's characteristics

1. Compatible with various digital assets: Bytom supports various digital assets such as Bitcoin and Ethereum, and can realize the exchange between different digital assets.

2. Support smart contracts: Bytom supports smart contracts and can realize automatic digital asset exchange.

3. Efficient and secure: Bytom adopts Utxo model, which can improve the transaction efficiency, and at the same time, it adopts technologies such as multiple signatures and isolated witness to ensure the security of the transaction.

How to use Bytom?

1. Download Bytom Wallet: First, you need to download Bytom Wallet, which can be downloaded in official website.

2. Create wallet address: Open Bytom wallet, click "Create New Wallet", enter the wallet name and password, and click "Create Wallet" to create a new wallet address.

3. Import Private Key: If you already have a private key, you can click Import Private Key, enter the private key and password, and import the existing wallet address.

4. Sending and receiving digital assets: In Bytom wallet, you can send and receive various digital assets, and you only need to input the other party's wallet address and the number of digital assets to complete the transaction.