MT side chain technical architecture
-Support the issuance of custom privacy tokens
The blockchain token is widely recognized from the ERC20 standard established by Ethereum. In the ERC standard, each person or business entity can issue a custom token. This custom token can represent any right and value, depending on how the token is given when it is designed. However, most public chains that currently support token issuance do not support native private transactions. It needs to edit the privacy algorithm by the token contract writer, and needs to develop a dedicated wallet for his token. The overall cost of issuing a privacy token in this way is relatively high. On MT, issuers can easily call related APIs and set the total amount of token issuance according to their own project requirements, and then they can issue a private token of their own within a few minutes.
Moreover, the token issued by the user has inherited all the privacy features of MT. In addition, the MT wallet can directly display all the user’s private assets without the need to develop a dedicated wallet. This greatly reduces project costs. In addition, token project parties on other public chains can also transfer part of their tokens to MT to issue equivalent private assets to meet the needs of some existing users for private transactions.