Digital currency exchange method, device, equipment and medium

Abstract

The embodiment of the invention discloses a digital currency exchange method and device, equipment and a medium. A trusteeship node receives digital currency uploaded by a user terminal; and selectinga token contract matched with the token type to which the digital currency belongs, and converting the digital currency into tokens according to the token contract. The alliance chain stores tokens corresponding to the user terminals transmitted by the hosting node; and when a transaction request transmitted by the user terminal is received, updating the token corresponding to each user terminalin the transaction request according to a rule matched with the transaction request. The digital currency corresponding to the user terminals is stored on the alliance chain in the form of tokens, andthe purpose that the user terminals execute the digital currency transaction is achieved by updating the tokens corresponding to the user terminals. The alliance chain records tokens of different user terminals, and cross-chain transaction among multiple chains can be realized. And the token exchange is that a transaction process is executed by a program code, so that the transaction reliabilityis ensured, and the decentralization effect is realized.

Description

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AI Technical Summary

Benefits of technology

This technology allows for efficient transferring money over two or more separate networks without compromising their security measures. Users only have access to one network's tokens - they donate them temporarily instead of paying back any excess funds through another system like credit card companies. When users sign up with an online merchant website, this cookie will tell who made what purchases at home (their owners) how many times he was doing business before being charged first. These cookies help track down where people were going shopping during peak hours. Overall, these technologies improve electronic payment systems while reducing costs associated therewith.

Problems solved by technology

This patented describes an issue with current methods where there has been no way to securely transfer digital assets across several blocks without relying solely upon one key but rather rely heavily on another key. There needs better ways to ensure reliable transfers even when more than just one connection takes place at once.

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