Atomic Token Protocol the Bytz Currency Token System

History, Original Technical Proposal, Developer Resources, Technical Reference, Use Cases, Scenarios, and Walk-throughs

Introduction

Atomic Token Protocol, or ATP for short, is Bytz Currency's unique on-chain token system for tokenizing virtually anything.

As part of the vision for the integration of media and blockchain technology, and other foreseen and unforeseen use cases, BYTZ has adopted a token system as part of its blockchain core. Instead of developing a solution from scratch, the team assessed a number of proposals and implementations that were currently being worked on for other Bitcoin family coins. Selection criteria were:

• Fully open, with active development
• Emphasis on permissionless transactions
• Efficient in terms of resource consumption
• Simple and elegant underlying principles — Flexible and powerful

The subsequent token system that was implemented is based on the Group Tokenization proposal by Andrew Stone / BU.

References:

• GROUP Tokenization specification by Andrew Stone
• GROUP Tokenization reference implementation for Bitcoin Cash

For the technical principles underlying ION Group Tokenization, the above documentation is used as our standard.

The BYTZ developers fine tuned, extended and customized the Group Tokenization implementation. This documentation aims to support the BYTZ community in:

• Using the BYTZ group token system
• Creating additional tests as part of the development process
• Finding new use cases that need development support

Scenarios

Perform basic operations with tokens

• Case "Send tokens"
• Case "Token balance"
• Case "View information related to a token group"
• Case "Create new token"

Testing tokens on regtest

• Case "Start Regtest"
• Case "Access Management Tokens

Token group management

• Case "Key rotation with token authorities"

Create and distribute the GVT tokens

• Case "Create Management Tokens"
• Case "Drop mint capability"
• Case "Find token authorities"