SmartChain Protocol: A High-Performance, Low-Cost Public Chain for Smart Contracts
The SmartChain Protocol whitepaper was recently released by the project's core team, aiming to build a complete ecological closed loop that integrates technology development, application promotion, and trading, relying on a globally leading trading ecosystem.
The theme of the SmartChain Protocol whitepaper is “XT Smart Chain Technical Whitepaper.” What makes SmartChain Protocol unique is its HPoS consensus mechanism, which is based on the HPoA consensus mechanism (a hybrid of DPoS and PoA), and supports EVM programmability, smart contract compatibility, meta-transaction functionality, and cross-chain asset transfers. The significance of SmartChain Protocol lies in providing an open, decentralized network to ensure asset security, while significantly reducing development and migration costs, and optimizing user experience.
The original intention of SmartChain Protocol is not only to serve as a public chain, but also to become an incubator for innovative technologies and businesses, supporting high-potential developers and innovative projects. The core viewpoint presented in the SmartChain Protocol whitepaper is: by adopting the HPoS consensus mechanism, it achieves low transaction costs, low transaction latency, and high transaction concurrency, thereby providing an efficient and secure operating environment for decentralized applications.