SKB is a product of intelligent contract technology based on Ethereum. It digitized the assets of the physical world and implemented it through the latest ERC20 tokens. It has greater security and the advantages of faster transfer money than other kinds of tokens.
Ethereum Technology
The Ethereum learns from the technology of bitcoin block chain and expands its application scope. If the bitcoin uses the dedicated calculator with block chain technology , the Ethereum will use the general-purpose computer with block chain technology. Briefly speaking, the Ethereum = block chain + intelligent contract.
Intelligent Contract
The intelligent contract program is not just a computer program that can be automatically executed. It’s a system of actors. It responds to the received information. It can receive and store value and also can send out information and value. This program is like a trusted person who can hold assets temporarily and always follow the rules in advance. The following diagram is an intelligent contract model. A piece of code (intelligent contract) is deployed in a shared and duplicated ledger. It can maintain its own state. It controls its own assets and responds to the received external information or assets.
