SCATCOIN
The Smart Contract Asset Transfer platform is a new kind of digital asset ledger which takes into account learnings over the last several years since the launch of Bitcoin and the many Blockchain variants/forks that have followed it.
The SCAT topology and architecture is built from the ground-up using best-practice principles required to establish, maintain and govern a plurality of secure distributed asset ledgers and smart contracts. A technical overview follows, with some key functionality as
Native Smart Contract Infrastructure (SCI) for all transactions across the network. Support for native/base class contracts which can be inherited from and extended as necessary.
Private transactions can be implemented on a per-ledger basis and are optional, since transactions/tokens are either versioned, non-versioned or journaled. It is also possible to both ‘Scatter’ and ‘Bind’ asset tokens for denominating or re-denominating the asset
Specification
The functionality above is very complex to implement for a ‘blockchain’ system. However, due to the separation of PoWaS, protocol assurance/contract processing, messaging and storage, we can more easily implement the full functionality of the platform using Smart Contract Infrastructure (SCI) in an iterative way.
Our team does not believe in the statement that ‘hardware technology advancement will solve scalability concerns’. Blockchain technologies remain viable for the medium-term, but many scaling challenges have emerged and have not yet been resolved. SCAT is built to allow for distributed scaling, to optimize the size of distributed ledgers, to allow for featherweight clients through the dAPI and to be natively performant for instant transaction processing.
Our users are key. We will design the most pleasant user experience that is possible for people who use SCAT. We’ll provide an Account Manager that is easy to use, runs across several platforms, and requires very few computing resources. The Account Manager will be able to be accessed over browser technologies (through service clients that access the underlying network), and provides for hardware token security.
We believe that the developer community is also worthy of our respect. We will strive to make our platform robust, as well as provide clear and straightforward development tools, API’s and libraries, so that developers can build world-changing applications on top of the SCAT platform.
We also believe in the free choice of individuals to have privacy in their affairs, but recognize that in many cases it is important to allow auditing of activities. This choice is left to the individual.
Our (small but passionate) core team is composed of a cryptography expert, computer scientists and software developers, an infrastructure specialist, a user interface design expert, entrepreneur/business advisor, social media/marketing and financial consultants. Most of us wish to remain anonymous at this time, we only ask of the community that this is respected while we aim to deliver the first MVP iteration of this platform.
