Building Cryptotokens Based on Permissioned Blockchain Framework

Abstract

Blockchain technology has a lot of applications including but not limited to cryptotokens. For example, permissioned blockchains for state registries can include no money logic inside. But the creation of cryptotoken is a typical example of blockchain application and is a popular model to measure performance. In this paper, we described how to construct an account-based cryptotoken using Exonum, an open-source framework for creating blockchain applications, and by the means of performance tests shown that the proposed solution meets real-life throughput requirements for many applications. The proposed approach can be used to create cryptocurrencies in other open-source frameworks focused on permissioned blockchain applications.