MT side chain technical architecture-confidential transaction agreement
MT’s infrastructure needs to have sufficient scalability, which is extremely important for building a practical application platform. Therefore, MT has introduced the following technologies to enhance the underlying architecture of the blockchain:
Confidential transaction agreement: We adopt the world’s most advanced anonymous agreement, which has the function of anonymity, double signing, and hiding the sender, receiver and amount. The ledger is not public, and only both parties to the transaction can construct their own ledger.
Optimizing consensus: We use a new consensus mechanism Equihash POW (Proof of Work Mining Algorithm). It combines the latest theories and encryption algorithms to design a consensus mechanism that can take into account fairness and efficiency.
Transaction tailoring: It is a way to achieve blockchain expansion. Numerous blockchains are combined into a tree structure. We implement the horizontal expansion of the blockchain by tailoring the transaction information in the block.This not only satisfies the compatibility of the blockchain, but also has sufficient scalability.
Confidential transaction agreement The core idea of Confidential Transaction (also known as CT) is to store the amount of each output in the form of Pedersen Commitments (PedersenCommitments) instead of plaintext, and then verify that the amount of input and output of the transaction is legal through the nature of additive homomorphism .