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You're reading from Security Tokens and Stablecoins Quick Start Guide Learn how to build STO and stablecoin decentralized applications

Product type Paperback

Published in Apr 2019

Publisher Packt

ISBN-13 9781838551063

Length 234 pages

Edition 1st Edition

Languages

Solidity

Tools

Blockchain

Concepts

Blockchain

Authors (3):

Weimin Sun

Xun (Brian) Wu

Angela Kwok

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Table of Contents (9) Chapters

Preface

1. Introduction to Blockchain FREE CHAPTER

2. STO - Security Token Offering

3. Monetizing Digital Tokens Under US Security Laws

4. Stablecoin

5. Security Token Smart Contracts

6. Building a Security Token Dapp

7. Stablecoin Smart Contracts

8. Other Books You May Enjoy

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Stablecoin technical design overview

In this section, we will review the technical design of some major stablecoins, especially smart contracts.

Tether (USDT)

Tether stablecoins run on the bitcoin blockchain. These are designed in three layers, as shown in the following diagram:

Let's take a look at these layers:

Bitcoin Blockchain: Tether uses an embedded Omni consensus protocol to record Omni transactions in bitcoin transactions. Each Omni transaction has the same hash value in the blockchain.
Omni layer protocol: It includes Decentralized exchange, Omni Wallet, Tethers in Circulation, P2P transfer and storage, and Other features. Tether protocol can create the token and redeem the token from the circulation supply...

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Authors (3)

Sun

Weimin Sun has 20 years' of experience working in the financial industry. He has worked for top-tier investment and commercial banks such as J.P. Morgan, Bank of America, Citibank, and Morgan Stanley, where he also managed large teams for developing IT applications. Weimin has also held corporate titles such as executive director and senior VP in some of these firms. Weimin has in-depth knowledge of the blockchain technology, data science, data architecture, data modeling, and big data platforms. He holds Ph.D, M.B.A and M.Sc degrees. He has co-authored Blockchain Quick Start Guide and published several statistical journal papers.

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Angela Kwok

Angela Kwok, is a lawyer, specializing in high-tech and blockchain start-ups and venture capital financing. She also focuses on general corporate and commercial matters, fund formation, cross-border and domestic investments, mergers and acquisitions, and related tax matters in the TMT industry. She has represented clients in blockchain-related cases.

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Xun (Brian) Wu

Xun (Brian) Wu is a senior blockchain architect and consultant. With over 20 years of hands-on experience across various technologies, including Blockchain, big data, cloud, AI, systems, and infrastructure, Brian has worked on more than 50 projects in his career. He has authored nine books, which have been published by O'Reilly, Packt, and Apress, focusing on popular fields within the Blockchain industry. The titles of his books include: Learn Ethereum (First Edition), Learn Ethereum (Second Edition), Blockchain for Teens, Hands-On Smart Contract Development with Hyperledger Fabric V2, Hyperledger Cookbook, Blockchain Quick Start Guide, Security Tokens and Stablecoins Quick Start Guide, Blockchain by Example, and Seven NoSQL Databases in a Week.

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