Jinyi Culture applies blockchain technology in the development of digital RMB cryptocurrency wallets
The company listed on the A-share market, Jinyi Culture, has just revealed information about Kakers' digital RMB product through an interactive platform. This product leverages blockchain technology to design a distributed ledger for cryptocurrency wallets, creating an independent and sustainable operational ecosystem.
Core processing system and lifecycle management of cryptocurrency wallets
Jinyi Culture states that the core system of the cryptocurrency wallet includes functions for managing the 'cash box', managing the wallet lifecycle from account opening to account closure, classifying and ranking wallets, along with distributed accounting and reconciliation processes. This mechanism ensures transparency and optimal security for users.
Application of smart contract technology on blockchain
The product also integrates smart contract technology based on blockchain using digital certificates, digital signatures, and encrypted storage. These functions enhance reliability, protect transaction data, and improve the operational efficiency of the digital financial system.
Potential applications in the stablecoin sector
A part of the above technology can be effectively deployed in the stablecoin sector, helping to improve payment systems and the storage of stable assets with high security. This is an important step in developing the cryptocurrency ecosystem in China specifically and globally in general.
These technical advancements not only affirm Jinyi Culture's pioneering position in the cryptocurrency sector but also open up prospects for diversifying blockchain applications in the modern financial system.
Source: https://tintucbitcoin.com/cong-nghe-rmb-ky-thuat-so-kakewei/
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