What Is EveriToken?

EveriToken is a public blockchain that aims to be the token economy infrastructure. It is possible to issue assets via token on this chain from small tickets to large buildings. This is the first token-customized public chain for tokens in the world.

The first step towards the Token economy is the implementation of the core functions of NFTs (Non-Fungible Tokens) during the test net. EveriToken supports both the NonFungible tokens and Fungible tokens. Tokens are different from the digital currencies issued by the central banks and the encrypted currencies such as Ethereum and Bitcoin.

The token is proof that you have a share of the economy in an asset in a period of time or a particular place or a time service provided by an entity. All the users of the platform can give their own token, which can be transferred and managed on the platform conveniently.

The everiToken has three kinds of permissions in the authorization management, which are transfer, issue, and manage. Every specific authorization follows a structure known as authorization tree. As the root, each threshold has its own accompanying permission and is connected to one or more actors. With this tree, there is a flexible authorization management.

The platform has a delay transaction support from Aurora 2.1, thus users are able to issue half transaction requests according to those specific indicators. This enables it to complete some functions similar to exchanges.

EveriToken platform gives its users permission to add metadata to their related tokens. Once they have added the metadata, no one can modify or delete it from the chain. The metadata can give a lot of information, which could be used in various situations.

EveriToken helps Dapps on the chain to issue their tokens. This includes getting their accounts into a whitelist though anyone has the capability of issuing their own tokens. This means that it is not everyone that has high credibility and in everiToken whitelist. It simply means that a user has more credibility and every Token can endorse them.

A payer is the one who pays for the transaction. EveriToken gives the users the power to specify the payers in a transaction. This is mostly used in the accounts creation. For the payer to be safe they should have more than one signature in the transaction and if the payer is set the user will have zero cost in fees.

The token economy is here but the Ethereum and EOS smart contracts are not the favorite for developing the token economy. EveriToken has a special system for Token issuance, verification, and transfer. The system has been able to get rid of Turing completeness thus reducing the abstraction level within the system.

This improves the speed interoperability, security, and stability. It also helps achieve efficient execution, thus allows everyone in the world to have an understanding and to create, interact, and exchange value digitally.

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