contents
Preface .............................................................................................. 4
1 、market analysis ......................................................................... 8
1.1 Market pain points .......................................................... 8
1.2 Market characteristics ................................................... 11
1.3 Market trends ................................................................ 13
2、CMG overview .......................................................................... 16
2.1 CMG Introduction .......................................................... 16
2.2 CMG Vision .................................................................... 19
2.3 CMG Advantages ........................................................... 21
2.4 CMG core competencies ................................................ 22
1、Safety Ability ............................................................. 22
2、Security protection based on cryptography .............. 23
3、Experience fluency ability ......................................... 23
4、Multiple Token circulation capabilities ...................... 23
2.5 CMG Business Model ..................................................... 24
1、Exchange for risk-free currency ................................. 24
2、Simple and Convenient Transactions ........................ 25
3、Convenient gold entry tools ...................................... 25
2.6 CMG technical solution .................................................. 26
1、Access Layer ............................................................. 26
2、Front End UI .............................................................. 26
3、Display Layer ............................................................. 26
4、System Layer ............................................................. 27
5、Database ................................................................... 27
6、Technical layer .......................................................... 28
2.7 CMG technical principles ............................................... 29
1、P2P Communication ................................................. 29
2、CMG encryption algorithm ....................................... 30
3、CMG Smart Contract ................................................. 31
4、CMG Consensus Algorithm ....................................... 32
2.8 CMG design principles ................................................... 33
1、Expansion principle ................................................... 33
2、Stretch principle ....................................................... 33
3、Safety principles ....................................................... 34
2.9 CMG application scenario .............................................. 34
3、 ................................................................................. 35
3 、CMG community .................................................................... 40
3.1 CMG governance structure ............................................ 40
3.2 CMG ecological construction ......................................... 41
3.3 CMG incentive mechanism ............................................ 41
4、CMG planning........................................................................... 44
4.1 Token description ............................................................. 44
4.2 Access ............................................................................... 44
4.3 Issuance method .............................................................. 45
4.4 Instructions for the use of funds ....................................... 45
4.5 Circulation program .......................................................... 46
4.6 Development process and planning .................................. 47
5 、CMG team .............................................................................. 49
6 、CMG statement ...................................................................... 52
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Preface
The establishment of Payoneer has changed the collection method
of global e-commerce platforms.
Libra, issued by Facebook will unify the currencies of the world.
The emergence of WeChat has changed the way people
communicate.
The advent of Taobao has changed the way people shop.
The birth of CMG has become a bridge for convenient offline
payment in digital cash.
The world has been changed by CMG ever since!
Digital cash, starting with CMG, has become a real currency!
The total market value of digital cash in 2020 has reached 2.6 trillion
US dollars, which becomes the value embodiment recognized by the
world. However, as a currency, the current circulation in digital cash is
limited to the exchange as an investment appreciation, and the actual
payment function has not been realized.
CMG, an epoch-making realization, includes payment functions such
as Alipay, WeChat, UnionPay and Visa, which perfectly solves the problem
that digital cash cannot consume offline, truly achieves the consensus of
the whole society, all aspects and all channels in digital cash, and enables
digital cash to achieve all aspects of application.
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From then on, digital cash can complete the same as other currencies,
and directly scan codes for payment in shopping places. The promotion
bonus that broke out from this will bring rich excess profit returns to the
forerunner!
Mobile payment has entered a new era of outbreak since then!
CMG Cheesemonger assets was initiated by top block chain
technology geeks. Combining the world's most advanced block chain
technology with its own strong offline strength background, CMG
Cheesemonger assets is determined to change the current global
transaction payment environment. CMG is built on its own high-
performance public chain infrastructure combined a top-notch
community of global technological and financial elites to provide
customers with comprehensive, safe, convenient and professional asset
management and value-added services in the field of digital cash. The
business scope covers stocks, foreign exchange, futures, savings,
investment banks, insurance trusts, investment management and wealth
management in digital cash. CMG Cheesemonger assets can realize the
trading of financial products worldwide and promote the development of
investment in digital cash.
With the introduction of the main network system in the future, CMG
will enable users to transfer money and money in a timely manner around
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the world. Cross-border transfers will be made. The platform will
automatically operate exchange rate conversion. Transaction confirmation
will be completed within a few seconds and the transaction cost will be
almost zero. CMG is committed to serving the global payment scenario for
the entrance through the field of block chain technology innovation, and
actively expanding the global business with brand-new business models
and value returns.
CMG will break the obstacles of currency settlement in various
countries. Human society has thus entered a new chapter.
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1 、market analysis
1.1 Market pain points
Traditional online transactions need to rely on a third-party payment
intermediary. For users, the transaction information of users is stored in a
centralized database by the intermediary. Users need to trust the
intermediary before using the payment platform provided by the
intermediary. In order to ensure the trustworthiness of the transaction,
payment companies need to collect a lot of user privacy information to
determine the trustworthiness of the user's account, and the more
privacy information disclosed by users, the less safe it is.
On the other hand, the traditional centralized management method
is that banks or third-party payment companies fully supervise the
accounts. The transaction process recorded by these intermediary
companies is invisible to users, and the transparency and credibility of the
account book data are difficult to guarantee. Therefore, with the
emergence of trust crisis, many researchers want to establish a trust-free
and distributed privacy protection intermediary platform. Although there
are many user privacy protection algorithms, such as differential privacy,
k-anonymity, t-closeness, and distributed storage systems, such as Google
File System, BigTable, etc., none of them is a distributed and trust-free
practical application. De-centralized digital cash was proposed by Chaum
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as early as 1982, followed by peer-to-peer currency. However, it was not
until January 2009 that bitcoin attracted the attention of researchers all
over the world. To sum up, today's trading platform has the following
problems:
1. Trust risks cannot be solved. If a user wants to conduct transactions
through an institution, he must first trust the institution, which has the
right to control the user's funds. Only by trusting the institution to protect
the user's privacy and transaction privacy information, and at the same
time trusting the institution's settlement system, can he use the system,
but he still has to bear certain risks.
2. The bank accounting liquidation system needs a long time. For
general financial products, they cannot get income immediately after the
purchase expires, which requires a liquidation time of 3-5 working days, a
waiting time of 1-3 days for bank large account transfers, and a longer time
for cross-border payments.
3. Limit of transaction quota. In fact, due to the difficulty of
liquidation, many small-amount transactions are difficult to carry out,
while large-amount transactions also have a longer liquidation time.
4. Centralized supervision. With the pursuit of efficiency and the
increasing demand for data security, the centralized supervision mode is
a top-down supervision mode, which needs to be progressive layer by
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layer and is not fast enough in efficiency. However, in data storage, it is
easy for a node to be invaded. If the central node is invaded, it will cause
great harm.
5. Transaction data are not transparent. For many financial
institutions and government agencies, confidential data is very important,
but for ordinary investors, the transparency of data is the most important.
Data transparency can enable users to know the coming and going of each
sum of money and protect themselves from being cheated by trading
institutions.
6. It is easy to cause the disclosure of users' privacy. Usually, financial
institutions need to collect more user privacy information to ensure the
legitimacy and security of users using the account. In the era of big data,
various information elements of the network can be used to piece
together and query any private information, including personal
information, chat records, etc., which undoubtedly increases the risk of
user privacy disclosure.
In conclusion how to solve the problems of opaque data and low
clearing efficiency in the cash trading system has become a hot topic of
common concern to the financial and information technology circles. It
will take a long time for the world to popularize a brand-new trading mode
to adapt to the trading users who have higher and higher requirements
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for efficiency and security.
1.2 Market characteristics
Since 1980, the gap between the rich and the poor in the world has
widened. The wealth of billionaires around the world is growing at a high
rate of 13% every year. However, the average annual wage growth rate of
ordinary workers is only 2%. In recent years, the rise of encrypted digital
cash has been highly praised by investors around the world.
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The Swiss currency
has increased 30 million times in five year.
Bitcoin has increased 10 million times in 8 years.
Ethereum has increased 4000 times in 4 years.
Encrypted digital cash has created tens of millions and billionaires,
and the fate of many people has changed. In the foreseeable future,
investing in encrypted digital cash can be said to be the only way for
ordinary people to change their fate. After the block chain technology is
refined from bitcoin, the entire block chain market is developing at a fast
speed. Central governments of various countries, various financial
institutions, various science and technology companies, etc. continue to
pour into the block chain market. With the continuous expansion of the
influence of the block chain community, the value of various block chain
assets has increased by as little as 3 to 5 times, as much as 10 times or
even dozens of times or hundreds of times. A large number of investors
who entered the market early have already enjoyed the dividends brought
by the rapid development of the market, and the digital cash market is
booming. We believe that the earlier investors enter the block chain
investment market, especially the digital asset trading market, the greater
the harvest.
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1.3 Market trends
The block chain will have a great impact on the existing economy and
society and is expected to reshape the form of human Internet activities.
The recent development trend of the block chain mainly includes the
following aspects:
1. Driving breakthroughs in application in other industries from
financial innovation. The application fields of the block chain will start
from the fields where there is a need for mutual trust between the parties
to the transaction, but it is not easy to establish trust relations, such as
finance, securities, insurance and other fields.
2. Socialization of intelligent contracts. In the future, all contractual
agreements will be intelligent. Using intelligent contracts can ensure the
reliable execution of all agreements and avoid tampering, denial and
breach of contract. In addition to transforming tangible assets in the
society into digital intelligent assets for rights confirmation, authorization
and real-time monitoring, block chain can also be applied to intangible
asset management in the society, such as intellectual property protection,
domain name management, points management and other fields.
3. De-centralization. In the future, the block chain system
architecture will be to build a trusted decentralized system, which will
decentralize independent single centers and upgrade them to multi-
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center systems with multi-party participation, thus improving trust
transfer efficiency and reducing transaction costs. That is, under the
environment of asymmetric and uncertain information, a "trust"
ecosystem should be established to meet the needs of the occurrence and
development of various activities.
4. Digitalization of assets. From a long-term perspective, asset
digitalization is a major trend in the future. Digitalization of assets can
reduce costs and waste of resources to a certain extent. At the same time,
it is beneficial for enterprises to encrypt and save private files by using
block chain technology, making the assets of small and medium-sized
enterprises easy to circulate and trade more transparent. The use of digital
asset currency will be able to circulate effectively in the future, and can
carry out real-time dynamic data across time and space, across locations.
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2、CMG overview
2.1 CMG Introduction
CMG is jointly invested and developed by Stanmore England financial
advisory hotline Limited and TOP UK Foundation, which has a long history
and leading technology with professional and flexible investment
experience and talented ideas through block chain consensus, tamper-
proof technology, digital signature, encrypted wallet and other security
means to ensure the security of accounts and assets. Finally, the real
circulation of digital cash into practical application is realized.
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CMG is developed based on block chain technology to build an
ecosystem that serves global mobile payment decentralization and peer-
to-peer transactions, and to create a global mobile payment industry
chain, which applies to the personal and enterprise domain. Through the
new generation of technologies, the network and electronic wallets are
used to conduct high-frequency and low-cost financial transactions such
as payment and remittance, consumption, entertainment, wage payment,
asset management and other on-demand services. It is committed to
promoting the development of the global mobile payment industry
economy and its industrial chain, and releasing trillions of digital cash into
consumption circulation.
CMG is the world's first decentralized public block chain ecosystem
with national standards and distributed block chain reference architecture
standards. Fully considering the technical characteristics of the Internet of
Things and the needs of network ecological construction, seamless
integration of the bottom layer of the block chain and the network ecology
has been realized in the aspects of user credit identity management, P2P
communication, encryption algorithm, consensus algorithm, intelligent
contract, cross-chain contract mode, decentralization, fast access to new
services, etc.
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CMG provides real-time
convenient payment, value
exchange and other payment
services, while supporting cross-
border payment systems. The
technology aims to break down
the existing organizational
barriers and optimize the
inclusiveness of financial services. In the future, this technology will
definitely set off the global market and serve the public. CMG provides a
solution to the problem of digital payment in the field of personal finance.
It can be exchanged and paid seamlessly in real time. It will realize
payment functions including Alipay, WeChat, UnionPay, Visa, etc. The
emergence of CMG has completely solved the problem that digital cash
cannot consume offline, truly achieved the all-round consensus of
numerical currency, and enabled digital cash to achieve all-round
application. CMG does not do ICO, does not openly raise funds from
investors, and is open and transparent. All members can make inquiries
through the block browser. CMG was initially issued based on the
Ethereum ERC 20 protocol and will be transferred to the self-developed
public chain in the future.
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CMG is a distributed, decentralized and tamper-proof block chain
global mobile payment chain. CMG establishes a distributed database by
setting up 25 super miner nodes to solve the timeliness and security
problems of data in traditional network security protection systems.
2.2 CMG Vision
By taking "simplification of global payment transactions, ease of use"
as the purpose, "serve the world, and promote the development of
human society" as the mission, it is committed to turning CMG into a
freely circulating encrypted digital asset in the world, constructing a
payment trading platform between CMG offline merchants and
consumers, and providing diversified financial product transactions.
Through the network of this platform, users can realize real-time point-to-
point payment, transfer and even various financial investments without
central organization and management, and support the exchange of
different legal tender in different countries.
CMG's mission is to bring suitable digital cash financial products and
services to all investors through block chain technology and professional
communities. Through the exploration and construction of decentralized
and stable digital goods financial ecology through block chain technology,
it will protect and guide block chain investors to avoid risks, bring asset
appreciation, and finally contribute its own strength to the rectification of
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the "chaotic" block chain industry and the digital cash market, and also
bring rich returns to investors.
CMG will greatly improve the investment expertise of the existing
digital goods market. Through a series of financial products based on
smart contracts and services of smart financial communities, CMG
investors are no longer completely exposed to risks. Digital goods assets
have better channels for investment, circulation and inheritance. Not only
will the profits of CMG's founding team be fully fed back to the market,
but also the profits of CMG investors will feed back to the community,
forming a virtuous circle of financial ecology.
CMG is also a highly innovative system commodity. In the future, it
will not stick to the existing product and service design. It embraces all
innovations conducive to the development of investors and block chains,
and continuously improves and stabilizes its professionalism, authority
and influence in the digital cash market.
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2.3 CMG Advantages
1. Faster payment speed. The transaction is carried out automatically,
and the funds arrive at the account immediately and the payment can be
completed within a few seconds.
2. The payment fee is lower. CMG does not belong to anyone, and
the payment cost is lower. Merchants who receive the money can save a
lot of intermediate expenses.
3. Foreign exchange is simpler. In international trade between
enterprises and in cross-border tourism between individuals, foreign
exchange does not need to pay other fees, which is more convenient and
simpler.
4. Availability of financial services. As long as there is the Internet,
more financial services will be born under the payment application
scenario. Based on the decentralized platform, individuals or financial
institutions can be served more efficiently.
5. Financial services are more interconnected. CMG makes
transactions between independent companies easier by creating a shared
currency agreement, reducing resistance in the financial system and
enhancing the efficiency of the system. CMG supports digital asset
certification and equity trading, and its technical framework supports tens
of millions of high concurrency. In short, CMG can realize the universal
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certification of equity assets including stocks, bonds, options, futures, etc.,
and even support the universal certification of goods, services and special
resources. For the equity market, CMG can not only be applied to over-
the-counter equity trading business with low trading performance
requirements, but also provide bottom-level technologies and cloud
services for major stock exchanges around the world to promote the
universal certification of global digital assets. CMG has truly realized the
leap in the application of block chain, completely changing the existing
pattern of "block chain + digital cash" in the industry, starting with "block
chain + equity market", promoting "block chain + real economy", releasing
the value of digital cash and truly promoting economic development.
2.4 CMG core competencies
1、Safety Ability
CMG will disclose all the core random number values used to ensure
fairness in operation on the platform, so as to completely make the core
data open and transparent. Compared with the server-side data control in
the traditional platform, CMG decentralizes the data encryption channel
transmission through the block chain, thus achieving real security and
fairness. At the same time, CMG uses the open and transparent
characteristics of the block chain to output the digital assets in the
platform to the block chain, and discloses its integrity and uniqueness,
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thus realizing the block and security of users' digital assets.
2、Security protection based on cryptography
CMG employs private key security. Only the user needs to enter the
wallet address of Ethereum can make consumption, transaction, transfer
and other behaviors. The whole transaction process does not require the
user to provide any private key and password, and no sensitive
information of the user account will remain on your computer or browser,
let alone spread on the network, thus achieving the best security
protection state.
3、Experience fluency ability
CMG is developed based on block chain technology. The platform
team gives full play to its rich experience in the field of platform
construction and adopts a "deep coupling" method to process the core
data through intelligent contracts on the block chain. The two are
seamlessly called and combined, thus achieving the perfect effect of
ensuring fairness and smooth platform experience.
4、Multiple Token circulation capabilities
CMG uses CMG as the basic platform currency and supports other
mainstream Token in succession depending on the development of
platform business. CMG will also establish a new Token access mechanism
to evaluate the usage of its block chain assets among platform users and
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judge whether to access the new Token that applies for circulation after
fully considering its security.
2.5 CMG Business Model
With the development of science and technology and the continuous
updating of block chain technology, CMG will combine the characteristics
of existing wallets and provide users with more interactive features and
better experience effects. CMG will provide users with simple, convenient
and safe exchange and trading services through the original NO-LOCAL
COIN exchange network and docking with exchange API.
CMG will provide an unprecedented overall solution from online to
offline in the block chain ecosystem, including: decentralized sales
network, multi-asset digital wallet (legal tender, encrypted currency),
decentralized cross-chain token transaction, decentralized management
platform, etc. CMG will have the following three business models in the
future:
1、Exchange for risk-free currency
CMG develops NO-LOCALCOIN exchange network based on the
platform, and realizes risk-free CMG exchange services for digital cash and
legal tender through intelligent contract, cross-chain gateway and cross-
intelligent contract technology. Users exchange between digital cash
through CMG, the platform party or other third parties create intelligent
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exchange contracts, and the contract mechanism monitors and executes
the exchange process, thus avoiding the default risk of all parties involved
in the transaction process. In addition, CMG's role is to connect digital
cash with global currencies and build a decentralized network for the
registration and circulation of diversified currencies. CMG's goal is to
become the world's largest free exchange network for currencies.
2、Simple and Convenient Transactions
Buying and selling digital cash through exchanges has certain entry
barriers and learning costs. CMG provides users with the best market price
and simple operation experience by docking with the exchange API. CMG
presents users with simple purchase price and selling price by optimizing
the screening mechanism. Users only need to enter the quantity to
complete the transaction as conveniently as on the e-commerce platform.
3、Convenient gold entry tools
CMG provides users with credit card consumption channels and
mobile phone card readers through docking with payment service
providers. Simply put, CMG provides a block chain interaction protocol for
diversified digital assets, through which different types of assets (income
rights, unlisted equity, creditor's rights, digital cash, etc.) running on CMG
can be exchanged, gambling and complex interaction based on intelligent
contracts. In the future, CMG can realize many applications such as two-
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way circulation of reality and pass certificates, multi-currency P2P
exchange and payment, P2P network credit, personal network clearing,
etc.
2.6 CMG technical solution
1、Access Layer
CMG provides a multi-platform, easy-to-use and beautiful UI
operation interface to meet the needs of users in various scenarios.
Specifically, it includes PC-side app and supports mainstream operating
systems such as Windows and MacOS;. Mobile app supports mainstream
operating systems such as iOS and Android. Web page app supports
mainstream browsers at home and abroad.
2、Front End UI
The front-end UI is composed of interface design, WEB front-end,
back-end interface, HTML code, CSS, JavaScript, etc. It follows the writing
and organization form of native HTML/CSS/JS, which can effectively
reduce HTTP requests, reduce DNS search, avoid redirection, enable Ajax
to cache, delay loading components, reduce the number of DOM
elements, cut groupings into multiple domains, minimize the number of
iframe, and eliminate http404 errors.
3、Display Layer
The display layer consists of template engine rendering and Ajax
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interaction. Template engine rendering can display APP products and WEB
products in front of users and cooperation through module rendering.
Ajax can adapt to various browser bottoms and server bottoms to a great
extent, providing users with smooth and convenient operation requests.
4、System Layer
The system layer consists of intelligent contract, consensus
mechanism, stored procedure, consensus mechanism, credit review,
Token exchange, etc. Its function is mainly responsible for accessing the
database, which can access the database system, data buffer, binary files,
text document storage, etc. The business layer is the most direct product
display of CMG. Through the development of different products and
different functions, the practicability, authenticity and legitimacy of CMG
can be effectively improved.
5、Database
The database consists of MS SQL, My SQL, Oracle, etc. The database
has basic functions such as storage, interception, security guarantee,
backup, etc. It is very important to improve the operation speed and
increase the performance traffic volume. Based on the user's
authorization of database use and hierarchical cryptography, the user's
privacy and data security can be fully guaranteed.
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6、Technical layer
CMG adopts the latest technologies such as block chain, big data and
cloud computing. The computing power of cloud computing can drive
block chain. The technology of block chain can make big data traceable
and make data more real and safer. Block chain, big data and cloud
computing influence and promote each other.
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2.7 CMG technical principles
1、P2P Communication
P2P is the core foundation of block chain and has the characteristics
of differentiation, scalability, robustness, privacy and high performance.
The Internet of Things devices and users linked to CMG have been deeply
optimized in terms of session maintenance, address determination,
communication mechanism, storage program, transaction payment, etc.
By specifying the physical configuration and the number of scales
associated with the client and the consensus node. In addition, sharding
mechanism and high-speed network connection are adopted to reduce
the communication, computing and storage burden of consensus nodes
and improve the transaction performance of block chain, thus achieving
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the maximum performance for the blocking of Internet of Things
equipment and providing basic guarantee for the registration, digitization,
authentication and security of Internet of Things equipment in the future.
2、CMG encryption algorithm
Encryption and decryption of information is the key link of block
chain, mainly hash function and asymmetric encryption algorithm.
(1) In the hash function part, there are mainly SHA, MD5 and other
algorithms at present, including the series and parallel use of algorithms.
Since commercial applications generally pay more attention to
performance issues, the basic CMG algorithm is mainly SHA256 algorithm.
(2) In the asymmetric encryption part, there are mainly asymmetric
encryption algorithms including RSA, DSA, elliptic curve algorithm, etc.
The block chain generally uses elliptic curve algorithm, including ECDSA
and SCHNORR. Considering that the verification speed of Schnorr
signature is faster than ECDSA signature, and the size of this signature can
be smaller, it also supports multiple signatures. This is also in line with the
small size of the Internet of Things, so CMG has developed its own
SDSchnorr algorithm based on Schnorr.
At the same time, CMG abstracts the underlying encryption
algorithm library and replaceable channels of algorithms to meet the
algorithm and security requirements of different Internet of Things
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applications. Among them, the wallet and address names are
interchangeable in the underlying block.
3、CMG Smart Contract
Each Internet of Things device that can access the Internet has a
unique global identification after being given an "identity" on the block
chain, which can be used to identify the credit identity. Each smart
contract is the same as an ordinary wallet and has a unique public address.
The difference is that the private key of the smart contract will be
discarded when the contract is created, so no one can send the digital
assets inside after the smart contract is created except the consensus
mechanism. In view of the uplink demand in the Internet of Things, which
focuses on monitoring events, that is, the holder of the Internet of Things
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equipment can set the intelligent contract, data storage path and data
bookkeeping amount in advance, so that the whole network can
broadcast and store digital records. In the event of relevant abnormal
events, CMG's intelligent contract requires mandatory, strong real-time
and full-automatic triggering under the supervision of the block chain. The
trigger condition data is also the data protected by the block chain, which
is accurate, safe, reliable and cannot be tampered with.
4、CMG Consensus Algorithm
Consensus mechanism is a set of mechanisms designed by
distributed books to ensure the accuracy and consistency of stored
information, which is mainly determined by business and performance
requirements. CMG is a comprehensive and complex heterogeneous
system. Internet of Things equipment involves a wide range of industries,
dense services and various communication protocols, so it requires high
security and performance of the underlying block chain. CMG has solved
the problems of security, high performance and trust according to the
above characteristics, and has the following characteristics:
(1) Based on the block chain algorithm, a Leader is elected from all
network nodes, and the new block is generated by the master node.
(2) Each node broadcasts the transactions sent by the client to the
whole network, and the master node sorts the multiple transactions
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collected from the network to be placed in the new block, stores them in
the list, and broadcasts the list to the whole network.
(3) After each node receives the transaction list, it executes these
transactions according to the sorting simulation. After all transactions are
executed, the hash summary of the new block is calculated based on the
transaction results and broadcast to the whole network.
(4) If one node receives 2f (f is the tolerable number of SAFT nodes)
and all the digests from other nodes are equal to itself, a commit message
will be broadcast to the whole network.
(5) If a node receives 2f +1 commit messages, it can submit new
blocks and their transactions to the local block chain and status database.
2.8 CMG design principles
CMG follows three design principles: expansion principle, stretch
principle and safety principle.
1、Expansion principle
Each module application of CMG is loosely coupled, and it is easy to
add new modules. The update of each module itself does not require
changes in other module interfaces.
2、Stretch principle
The access of CMG applications is fluctuating. If a large number of
users access a node, it will inevitably bring the consequences of node
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service crash. Therefore, the node container itself can be deployed
automatically, and horizontal expansion can be realized when the user
request is under pressure.
3、Safety principles
CMG supports multi-channel characteristics. Data between different
channels are isolated from each other, thus improving isolation security.
CMG supports pluggable architectures, including consensus, rights
management, encryption and decryption, multi-module of book
mechanism and other types.
2.9 CMG application scenario
1、Global Full Channel Block Chain Digital Cash Financial Products
Trading
CMG is not only used as a frequent consumption currency in daily life,
but also provides users with high-quality financial asset transactions in
accordance with the law, including but not limited to stocks, foreign
exchange, futures, etc., thus integrating high-quality financial assets from
all over the world and providing investors with a one-stop high-quality
financial asset trading platform. CMG uses digital cash as the medium of
transaction and uses digital cash's global liquidity to allocate high-quality
assets, while providing new application scenarios for the development
and growth of digital cash.
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2、Merchants Access CMG Payment Ecosystem with One Click
Merchants around the world can easily access the SDK provided by
CMG to their websites and apps with one click. You can accept cross-
border payments from users around the world, The platform-wide SDK
allows merchants to minimize the time and manpower for access payment,
Users only need to pay encrypted digital cash to quickly purchase exotic
goods. CMG provides services in real time and with low handling fees.
Using block chain as a fund channel can realize real-time and security.
Merchants can manage all orders in these payment channels through the
merchant management background provided by CMG commercial
platform.
3、Cross-border Payment Solution
In traditional cross-border payments, they often face risks such as
high transfer fees, long settlement periods, slow receipt of accounts,
limited transfer quotas, and freezing of funds. These risks often bring
unnecessary losses to the operation of enterprise users. Cross-border
payment is difficult to make breakthroughs under the traditional financial
system. The frictionless, real-time and efficient decentralized payment
network that CMG can provide is an effective tool to solve the pain points
of cross-border payment.
4、Building Global Credit Cornerstone and System Construction
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CMG is characterized by decentralization, point-to-point, openness
and transparency. Data exchange between nodes is verified by digital
signature technology without mutual trust. At the same time, it provides
technical guarantee for the credit system of the industrial chain with the
help of traceability and accountability technology.
CMG deploys intelligent contracts, and the contract program is
automatically executed. Both parties to the contract cannot cheat. Only
when the contract conditions are met will the process release or transfer
funds and make its own contribution to creating a trustworthy market for
global trade.
5、CMG + Mall Consumption
CMG will complete a new type of global encrypted block chain
network mall based on the underlying application of block chain
technology. It has a freer, faster and safer open source system for block
chain mall transactions, supports public chain building scenario
combinations, public chain building application combinations and multi-
currency conversion transaction combinations.
6、Application of Global Decentralized Foreign Exchange Trading
With the development of CMG, more and more users will use CMG
applications. At the same time, they will come from all over the world,
have different cultural backgrounds and use different legal tender. CMG
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provides a solution for the mutual conversion between different legal
tender. At the same time, the system will also provide services for users
who need foreign exchange transactions and cross-border remittance.
In the application of CMG decentralized foreign exchange trading,
there will be acceptors of various legal tender, and anyone can become an
acceptor. Acceptors obtain digital assets anchored to the value of legal
currency, such as stable currency USDT, by mortgaging assets to CMG,
such as bitcoin, wiki currency, Ethereum, etc. These digital assets have an
anchored exchange rate of 1: 1 with their corresponding legal tender. For
example, users can use USDT to purchase assets denominated in the
corresponding legal tender on CMG at any time, and can also use USDT to
withdraw cash at any time, providing a channel for capital circulation.
7、The World's First "Block Chain + Intelligent Payment + Intelligent
Contract" Ecosystem
Starting with block chain technology, CMG is committed to
developing block chain + intelligent payment + intelligent contract to build
a decentralized payment ecosystem that supports finance, Internet of
Things, supply chain, BC games, etc. It enables ordinary Internet users to
feel the value of block chain technology and expand the application of
block chain technology in the field of payment. At the same time, it makes
the intelligent contract of block chain more landing and more in line with
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business rules, builds a bridge from the real world to the block chain world,
and provides better support for financial services.
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3 、CMG community
3.1 CMG governance structure
Digital cash CMG is a native encrypted digital token officially issued
by global transactions. The first stage will be generated on the Ethereum
based on intelligent contracts. The second stage will be generated on its
own based on its own public chain and will be used as the only basic digital
cash of CMG public chain for settlement, trading and intelligent contract
performance.
The total amount of CMG issued in digital cash is 568 million, the final
circulation is 56.8 million, the initial price is 0.1 CNY, the data cannot be
changed, and the circulation will never be increased. Digital cash CMG is
distributed to different holders according to certain rules and proportions,
of which a certain proportion of CMG will raise funds for appropriate
groups in an appropriate way for the bottom construction of block chain,
product module research and development, application ecological layout,
overall operation and maintenance of CMG public chain, etc.
CMG holders in digital cash can participate in voting to produce
bookkeepers, and can also jointly participate in deciding on major issues
related to the Foundation and CMG public chain platform.
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3.2 CMG ecological construction
Continuous development and optimization of CMG platform,
completion of code open source work, reward outstanding code
contributors in the community; Jointly carry out research and
development of block chain technology with ETH Ethereum and develop
relevant payment terminal equipment, so as to realize that enterprises
joining the chain adopt unified and fully compatible equipment and
enable them to smoothly transition to CMG public chain system.
3.3 CMG incentive mechanism
1. Deduction of transaction fees. The transaction fee for financial
products on CMG platform is recommended to be paid in the form of CMG,
and users will get a certain discount when using CMG payment method.
2. Community feedback. Participating in voting is the main way for
CMG token holders to participate in community governance. CMG token
holders can participate in voting activities (such as super node
contribution selection, etc.);
3. Purchase financial products. Financial products certified and
released by the platform can be purchased through CMG tokens. Users
can use CMG tokens to purchase in digital cash such as BTC or USDT, and
some CMG tokens can enjoy some discounts.
4. Release financial products. Holding a certain amount of CMG
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tokens can become a super node of CMG platform. The super node has
the right to issue financial products, and obtains a share of product
transactions and a certain proportion of trading and mining rewards.
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4、CMG planning
4.1 Token description
CMG, whose English name is Cheesemonger assets (CMG), is also the
name of tokens on Chicago's platform and is a decentralized settlement
token.
CMG is a settlement token based on block chain technology, which is
used to provide settlement of transactions such as transaction conversion,
investment and exchange platform in digital cash on the Cheesemonger
Platform. CMG is a transaction medium provided by users in the system.
CMG is the only token in the entire Chicago merchant ecosystem.
Tokens are required for any data interaction and asset exchange. When
the ecosystem is formed, data interaction becomes a high-frequency
event. At this time, the demand for CMG from all sides is continuously
increasing. CMG token holders will obtain investment value from it.
4.2 Access
1. Transactions or services, through the purchase of tokens on the
Cheesemonger platform or the use of digital cash exchange, etc.
2. Other people transfer and obtain CMG tokens through other
people or exchange.
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4.3 Issuance method
The total amount of CMG issued in digital cash is 568 million, the final
circulation is 56.8 million, the initial price is 0.1 CNY, the data cannot be
changed, and the circulation will never be increased.
113.6 million, accounting for 20%, are held by the founding team and
released at 2%/year after 3 years of locked position.
Issue Steps: Round A Issue: 6.8 Million CMG; Round B Issuance: 10
Million CMG; Round C Issuance: 20 Million CMG; Round D Issuance: 20
Million CMG;
The remaining 70% of the 397.6 million coins were released by the
56.8 million coins issued through numerical calculation and recovered and
destroyed by the issuer, keeping the total market circulation at 56.8
million.
4.4 Instructions for the use of funds
(1) Human capital salary: Human capital salary accounts for about 35%
(2) Brand promotion: Business development and brand promotion
account for about 55%
(3) Office management: Office management accounts for about 5%
(4) Product upgrade: The part of product upgrade accounts for about
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10%
4.5 Circulation program
1. Issue tokens constantly according to the plan, and recycle and
destroy them if they exceed 56.8 million yuan, so as to ensure that the
total amount of coins held is constant and the quantity is scarce.
2. It has a variety of different programs, allowing people with
different needs of different individuals and enterprises to have a variety
of choices, including direct consumption and payment, direct
consumption and service, and direct cash withdrawal. Transfer
transactions, etc.
Office management5%
Product upgrading10%
Human capital compensation
30%
Brand promotion55%
Instructions for use of funds
Office management
Product upgrading
Human capital compensation
Brand promotion
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4.6 Development process and planning
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5 、CMG team
Graduated from National Research Nuclear University MEPhl -
Moscow Engineering Physics Institute with double degrees in
engineering and economics; Has 14 years of development experience
in data architecture; Has worked in the Central Bank of the Russian
Federation and the Savings Bank of the Russian Federation. He is
mainly responsible for database construction and is currently the
CMG Digital Ecological Data Architect.
Chief Alcot
Investment Adviser Prescott
A master of financial management from a British university,
who worked for Morgan Stanley Investment Bank, has his own
unique views in the field of transaction payment. He has
successively invested in EOS, Filecoin, Cybermiles and other high-
quality projects, observed and participated in the community
construction and operation of several encrypted digital asset
projects, and is mainly responsible for investment consultancy in
CMG.
Chief Technology Officer Worthington
The core development members of the big data platform take
the lead in CMG core index calculation, task monitoring, task
scheduling and task optimization, and participate in anti-cheating
and recommendation algorithm research. As an early follower of
block chain technology, he has conducted in-depth research on
bitcoin, Ethernet and EOS source codes, contributed codes to several
open source projects and submitted security vulnerability patches.
In CMG lead product development, block chain technology
implementation.
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Operation Management Garfield
Top enterprise architecture masters who have designed and
diagnosed item-level architecture for many well-known enterprises
such as Google and Amazon; He is good at transforming weaknesses
for enterprises, the core mentor to stimulate team spirit, and also the
brand strategist to help enterprises open up a high-speed
development mode. He once helped a well-known sales team to
create 100 million US dollars in sales in one year, and is regarded by
numerous teams as the soul architecture master who can win and
penetrate the hearts of the people.
Technician Hudson
Developers of public chain and Dapp, core developers &
maintainers of XDAG open source project, contributors of multiple
block chains and open source projects, co-founders of Consensus
Way and TeamTaoist Studio, are BMDB2 and network
communication experts, senior iOS/Android/block chain engineers
of block chain technical experts, former Lucent Bell Labs technical
engineers and project managers.
At present, he is the person in charge of B01 intelligent contract
development with 14 years of development experience and 3 years
of only contract development experience in block chain. He is the
industry leader of intelligent contract technology. He has rich
experience in the development of block chain technology and has in-
depth research on Node, Angular and React JS.
Technician Ryan Lame
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6 、CMG statement
This White Paper has expressly stipulated that the Foundation does
not make any representations or warranties (especially regarding its
marketability and specific functions) regarding CMG or CMG vocabulary.
Any consumer who participates in CMG's public sales plan and purchases
CMG is based on his own understanding of CMG and the information in
this white paper. Subject to the foregoing, all participants will receive CMG
after the CMG Project is launched, regardless of its specifications,
parameters, performance or function. CMG hereby declares that it does
not recognize and refuses to assume the following responsibilities:
1. Any consumer who purchases CMG violates the anti-money
laundering, anti-terrorism financing or other regulatory regulations of any
country;
2. When purchasing CMG, any consumer violates any representation,
warranty, obligation, promise or other requirements, and the resulting
non-payment or inability to withdraw CMG;
3. For some reason, CMG's public sales plan was suspended. Due to
CMG development failure or delay, CMG cannot be provided or delivery is
delayed;
4. Use of funds raised from public sales; Any participant discloses,
loses or destroys the private key of encrypted currency or token;
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5. Any risk factors disclosed in this White Paper, as well as damages,
losses, claims, debts, fines, costs or other adverse effects related to such
risk factors.
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