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Kcash is the future Alipay, primarily served through a tripartite structure comprising the Kchain, wallet app, and digital currency bank card. Through its products and services, the Kcash platform provides businesses with swift deployment of efficient blockchain solutions while enabling one-stop management of Bitcoin, Ethereum, various tokens, and enterprise-owned digital tokens in a simple and convenient manner for digital currency trading and exchange. It also facilitates the binding of digital assets to bank cards, ensuring seamless integration between digital currencies and the physical world, allowing your digital currencies to be used in various transaction scenarios, truly activating your digital assets.
Rooted globally, Kcash operates within the bounds of current laws and policies of various countries, connecting payment institutions and card issuers to offer compliant and secure products and services to users.
Vision of the Project
Kcash is dedicated to providing the public with a secure, convenient, and efficient digital asset platform. By bridging the gap between digital currencies and the real world, it enables everyone to use their digital assets anytime, anywhere, enriching the application scenarios of blockchain technology and digital currencies, and driving their service to business advancement and social development.
Project Highlights
One-stop Management
Kcash manages multiple digital currencies through a single wallet app, supporting not only mainstream assets like Bitcoin and Ethereum but also standard protocols from smart contract platforms like Ethereum, Achain, and Kchain, rapidly adding tokens issued on these platforms. This reduces the burden on users while providing wallet service support for new ICO projects, allowing project teams to focus more on core services.
Decentralized Services
In line with the essence of blockchain, Kcash offers a decentralized digital currency storage solution, storing wallet keys and private key information for all types of currencies locally on the users system. Additionally, Kcash provides an easy backup scheme – users need only back up once by jotting down 12 words and storing them securely. Even if new digital currency types are added later, all categories of digital currency assets can be restored using these 12 backed-up words.
Multilayer Security
Aside from allowing users complete control over their wallet keys, Kcash offers multi-signature technology and two-factor authentication for different scales of digital asset management. Users can choose to verify transactions via SMS codes, fingerprints, or liveness detection, ensuring comprehensive protection of digital currency assets.
Multi-language Support
The Kcash wallet app plans to support multiple languages such as Chinese, English, Japanese, and Korean, catering to major digital currency markets and eliminating language barriers for a global wallet application.
Technical Overview
Zero-Knowledge Proof
Zero-Knowledge Proof refers to the ability of a prover to convince a verifier that a statement is true without revealing any useful information. Kcash leverages zero-knowledge proof technology to achieve cross-chain and cross-smart contract capabilities.
SHA512-ZERO Encryption Technology
SHA (Secure Hash Algorithm) is a series of cryptographic hash functions designed by the National Security Agency (NSA) and published by the National Institute of Standards and Technology (NIST). By customizing the SHA512 encryption technology, Kcash has developed its exclusive SHA512-ZERO encryption technology, ensuring data security on the Kcash network.
Ring Topology Hub
Kcashs Ring Topology Hub technology connects multiple chains to a hub, making it easy for digital asset terminals to perform one-click cross-chain transactions and conversions. The advantage of the ring topology lies in its lower resource consumption compared to star or tree structures, especially noticeable when there are many nodes and long distances involved.
NOBLOCK Technical Engine
Kcashs innovative NOBLOCK technical engine allows lightweight wallets to achieve the truest form of lightness. Currently, a significant issue with lightweight wallets is the need to receive block information from blockchain networks. Since blockchain networks ensure data security through data redundancy, lightweight wallets consume substantial network bandwidth with their requests for block data. Our design philosophy involves using blockchain browsers as our block data source, avoiding the need to synchronize block data ourselves. However, this raises the question of how to ensure the correctness of the data source. We address this by adopting the BCBP (Block Chain Browser Pool) design architecture for blockchain browsers.
NO-LOCALCOIN Exchange Network
The NO-LOCALCOIN exchange network, based on the Achain blockchain platform through customized smart contracts and cross-chain gateway technology, realizes risk-free digital currency exchange. Both the Kcash platform and Kcash token holders can create exchange smart contracts, offering guarantee services to avoid breaches of contract by any party and circumventing the potential bias of centralized custodial institutions, ensuring no loss risk for all parties involved. Contract creators earn a corresponding percentage of the guarantee return after facilitating an exchange transaction.
ZeroPay Lightning Payment Network
The decentralization of blockchain can lead to low payment efficiency. We implement the following technologies to realize the Kcash Lightning Payment Network (essentially building a Kcash subnetwork on top of existing blockchain networks), ensuring instant confirmation for transfers and guaranteeing real-time card swipes are unaffected by blockchain constraints. Key technical design points include:
Customizing mobile clients to mark blockchain transfers by Kcash users with SHA512-ZERO encryption;
Developing enterprise-level blockchain nodes to constantly monitor Kcash users blockchain activities, performing legitimacy checks, traffic analysis, etc. These enterprise-level nodes operate 24/7, continuously monitoring and providing analysis of balance changes to Kcash servers;
The Kcash server receives analysis results from enterprise-level blockchain nodes and, upon a user initiating a card swipe request, can instantly determine whether the user has genuinely initiated a blockchain transfer request, preventing malicious double-spending.
*The above content has been officially compiled by Non-Small Number. If reprinted, please indicate the source.
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