What Protocol is imToken? (imToken Encyclopedia)

What protocol is imToken? In the world of Bitcoin, consensus protocol has always been one of the main carriers of the financial system. But with the increasing popularity of blockchain technology, it has also been used in many other industries. For example, public chains such as Ethereum, Tron, EOS, etc., have adopted this mechanism, but their interaction is not as fast and convenient; imToken provides a new way of transaction: using digital currency for payment. Therefore, using the protocol ImToken based on the Ethereum network is an innovative attempt to achieve this goal through blockchain technology.

The most popular virtual asset service provider on the market, imTOKEN (referred to as “exchange”), its main application areas include decentralized identity authentication, cross-border remittance, and token issuance, etc. According to the official website, this platform allows users to create a custom wallet address and initiate fund transfers through their accounts, and also allows the setting of certain restrictions so that the users’ assets can be transferred to any desired wallet anytime, anywhere. In addition, there are some interesting applications such as imTokens, dAppStore, and DappReview.

In addition to the above two, imToken also has its own ecosystem, Ethereum 2.0, and various other projects, the operation mode of which depends entirely on the architectural design and technical characteristics of imToken. Specifically, the platform is divided into the following two stages:

1. The underlying framework – Ethereum’s private key management module; 2. The im compiler for smart contract language – deployment of smart contracts; 3. Wallet software – supports MetaMask and CoinbaseWallet; 4. Application Programming Interface – a development toolkit for smart contracts, allowing anyone to publish code or perform complex operations such as sending and storing transaction information, then specifying a password within it, generating a private key, and signing the transaction; 5. Open API – imtokens-web port – supports EVM compatibility.

imToken Encyclopedia

imToken Encyclopedia is a set of custom tools developed by blockchain project parties to help investors understand the concept of Tokens quickly. In the field of blockchain, there are significant differences between Tokens and ICO: Tokens were initially issued through ICO; fundraising methods are diversified; unclear cooperation models between project teams, etc. Unlike other public chains, Tokens themselves do not have any functionality or use, they are just a technical thing and not used as a currency for trading.

imToken is a digital asset management platform that provides users with operable and free use. It currently covers over 20 million addresses worldwide, including BTC, with a total registered user base of about 300 million, of which Chinese users account for nearly 40%.