Tokenization method and system for exchange execution of blockchain

Tokenization method and system for exchange execution of blockchain

Short answer question

Describe the process of deriving a public-private key pair from an existing key pair, where a first node and a second node are each associated with an existing key pair.

What is the relationship between smart contracts and assets?

Explain the meaning of "culturalized metadata" and its role in facilitating data access.

What is the purpose of user-provided signatures and scripts?

What parameters or data items are included in culturalized metadata?

Describe the role of the decision key (DK) in generating a key pair.

Explain how a master public key is generated from the master keys of the first node and the second node.

Describe the role of the message (M) in the generation of the decision key pair.

Explain how the hierarchy of generator values ​​(GV) enhances the key generation process.

How are the child master keys used in the tree structure of generator values ​​(GV)?

Answer

The first node determines its second private key using its master private key and the generator value. At the same time, the second node determines its second public key using its master public key and the same generator value. The second private key of the first node and the second public key of the second node are used to determine the common secret (CS).

Smart contracts specify the structure of transactions associated with an asset, allowing other parties to bid for investments in that asset.

Cultural metadata is an encoded representation of data used to represent or encapsulate transactions on the blockchain. It enables authorized parties to access smart contracts.

The signature provided by the user verifies their identity, while the script (containing the user's public key) allows access to the embedded data.

Cultural metadata includes: (1) the number of shares available under the transaction; (2) the number of units transferred from the sender to at least one recipient; and (3) the factors used to calculate the value of the number of units transferred.

The decision key (DK) is obtained by hashing the message (M) and is used to generate the second key pair from the master key pair.

The master public key is obtained by performing an elliptic curve point multiplication of the respective master private key with a common generator (G).

The message (M) is used to generate the decision key (DK), which is essential for the generation of the second key pair.

The hierarchy of generator values ​​(GV) allows the continuous generation of common secrets without sending multiple messages for each common secret, thereby improving efficiency.

In a tree-like structure, any key can be used as a sub-master key to generate new branches, allowing the generation of various keys with different purposes, all linked to a securely maintained master key.

Paper Title

Discuss the significance of tokenizing real-world assets and analyze the advantages and challenges of this approach.

Dive into the role of smart contracts in facilitating blockchain-based asset transactions. Explain how smart contracts ensure transparency, security, and automation.

Analyze the importance of cultural metadata in ensuring secure and controlled access to sensitive transaction data on the blockchain.

Critically evaluate different hierarchies of generator values ​​(GVs) for deriving keys associated with assets. Compare and contrast their efficiency and security implications.

Discuss the significance of using computing resources or agents ("oracles") in blockchain-based asset management systems. Explain how they facilitate automation of transaction processing and enhance the functionality of the system.

Glossary

Term Definitions Blockchain A decentralized, immutable public ledger of transactions recorded in chronological order in groups called "blocks". Smart contract A piece of code stored on a blockchain that automatically executes actions when predefined conditions are met. Tokenization The process of converting a real-world asset or right into a digital token that represents the asset on a blockchain. Encryption Metadata Encoded representation of data used to represent or encapsulate transactions on a blockchain. Public-Private Key Cryptography A cryptographic system that uses two keys: a public key (for encryption) and a private key (for decryption). Determining Key (DK) A key used to generate a secondary key pair from a primary key pair. Generator Value (GV) A key used to generate initial values ​​for a key pair hierarchy. Elliptic Curve Point Multiplication A cryptographic operation performed on an elliptic curve that is used to generate key pairs and signatures. Multisig A type of digital signature that requires more than one signature to authorize a transaction. Proxy ("Oracle") A third-party service that connects a blockchain to an external system, providing data to smart contracts.