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White Paper

ETH Farming is a comprehensive computing power mining platform that aims to redefine the mining industry by addressing traditional challenges such as high investment costs and lack of regulation. It offers decentralized liquidity mining and various financial services, allowing users to participate in mining without significant upfront investments. The platform also incorporates advanced technology and an ecosystem designed to enhance user experience and asset management in the cryptocurrency space.

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0% found this document useful (0 votes)
12 views26 pages

White Paper

ETH Farming is a comprehensive computing power mining platform that aims to redefine the mining industry by addressing traditional challenges such as high investment costs and lack of regulation. It offers decentralized liquidity mining and various financial services, allowing users to participate in mining without significant upfront investments. The platform also incorporates advanced technology and an ecosystem designed to enhance user experience and asset management in the cryptocurrency space.

Uploaded by

myfakealt16
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ETH Farming - Whitepaper

Index

Abstract
1 Project Background Overview

1.1 Project Concept Background

1.2 Mining has spawned a new industry chain

1.3 The mining industry has huge room for development

1.4 Mining can effectively combat bull and bear market

2 Traditional mining problems

2.1 High investment requirement

2.2 Extensive knowledge required

2.3 Unregulated industry

2.4 Lackluster service

3 Overview of ETH Farming

3.1 Introduction to ETH Farming

3.2 Product key elements

3.3 Project solutions

3.4 Advantages of ETH Farming

3.5 Value services

3.6 Core of ETH Farming

3.7 Cornerstone of ETH Farming

4 ETH Farming Technical

4.1 ETH Farming System Architecture


Architecture

4.2 Arithmetic time-sharing system

4.3 Trusted Proof of Stake Consensus (TDPOS)

4.4 Technology Applications

4.5 Technology Applications

5 The ETH Farming Ecosystem


5.1 ETH Farming Industry Chain

5.2 ETH Farming Wallet

5.3 Crypto Asset Trading System

5.4 ETH Farming financial

6 platform
Project Development Planning

7 Summary

Abstract

As a “new generation of value transfer Internet”, blockchain finance is not


only the information transfer of the traditional Internet, but also the future
value transfer network. The new world and value flow will be the pioneers,
builders, leaders and successors of the future. “Aggregate the value flow wells
of the new world to provide complete ETH Farming applications for its services.
It is the core business of ETH Farming.”

ETH Farming is a one-stop computing power mining platform. DeFi


Mining is based on the computing power of mainstream digital assets (ETH), as
well as mining machines and mining farms. Users can recharge to purchase
computing power package mining income, and can also obtain investment
returns by investing in the company's blockchain financial projects, thereby
redefining the value of the ETH Farming industry, and finally creating a
centralized computing power service, financial service, and circulation service. A
blockchain computing power mining financial service platform integrating
information services.

Project Background Overview

. Project Concept Background


1
1
Before the birth of Bitcoin, financial aggregation transactions around the
world were realized through a centralized approach. However, with the
development of internet technology, trading centres have more and more
control over data, and the equality of trading individuals and trading centres in
many aspects, such as the equality of trading, the transparency of information,
and the reliability of historical information, is becoming more and more
unequal. At the same time, data monopolies and data closures between the
various centralized trading platforms have made it impossible for centralized
institutions to do the same. ETH Farming was born out of this situation
and seeks to solve many of the problems of the current generation of
financial services through new technology.

As a “new generation of value transfer internet”, blockchain finance is not


only a traditional internet information transfer, but also a future value transfer
network. The value flow of the new world will be the pioneer, builder, domainer
and successor of the future. With Bitcoin and Ether breaking through the new
highs in the past two years, the entire cryptocurrency market sentiment has
also reached a high point, but from a microscopic perspective, the best
performing pass-throughs in the DeFi space are only the leading projects in
each segmentation track, and many investors who bought cryptocurrencies at
high levels still have no hope of returning their capital. However, against this
backdrop, some of those involved in liquidity mining have been able to earn
high returns while preserving their capital, thanks to ETH Farming, which uses
an innovative structured risk-regulation mechanism and liquidity provisioning
mechanism to attract additional investment from major chambers of commerce
to provide pledged mining capacity for ETH Farming crypto assets. Goal is to
build a large ecology, i.e. to build a strong community and consensus before
launching a product, i.e. a blockchain financial project, to enable users who
already hold coins to sink in.

. Mining has spawned a new industry chain


1
2
Secondly, mining as an infrastructure in the cryptocurrency world, it does
not just exist in isolation. Cryptocurrency mining has evolved from CPU and
GPU mining to ASIC mining, from individual mining to pool mining, and from
no service at the beginning to perfect supporting services now. We can see
through the whole evolution process of the mining industry that the
cryptocurrency mining industry has spawned a new industrial chain around the
development of the whole mining industry, from production equipment such
as mining machines, mining farms and pools to logistics, accessories, finance
and other supporting services have all emerged in response to the
development of the mining industry and the rise in coin prices, thus enabling
the entire mining industry to develop better.

. The mining industry has huge room for development


1
3
The, as the cryptocurrency coin price continues to rise, its wealth effect
will become more and more obvious, thus attracting more global users to
actively participate. At the same time, it also drives the booming development
of the entire cryptocurrency mining industry upstream and downstream. From
the hosting of mining farms to the research and development of mining
machines, from the technical optimization of mining pools to upgrading of
logistics services, from the diversification of financial services to the
introduction of new accessories, from the professional introduction of talents
to the active layout of capital, all of them reflect the certainty and
expansiveness of the future development of the entire mining industry.

1.4 Mining can effectively combat bull and bear market


The entire digital currency market experiences bulls and bears, peaks and
troughs, and some industry participants, when experiencing industry bulls and
bears, will choose between risk appetite and risk avoidance. And while mining
sacrifices some liquidity relative to the high-risk, highly liquid digital currencies,
its returns are also more long-term and stable.

Traditional mining problems

2.1 High investment requirement

At present, the mainstream mining form is still dominated by physical


mining machines, which forces many users who want to mine to spend a
certain amount of capital costs to buy a mining machine, after which they also
need to build their own or find a suitable site for hosting, while the risk of the
digital currency itself and the fluctuation of the coin price is relatively large.
With so many uncertainties, users also need to pay a lot of capital and time
costs in advance, thus raising the overall barrier to entry for the industry and
discouraging many users.

2.2 Extensive knowledge required

Mining also has high professional requirements for miners, which involves
two aspects: the professionalism of the hosting mine on the one hand, and the
professionalism of the maintenance of the mining machines on the other. This
is because a professional mining site has certain standards, whether it is the
distance between machines or the ventilation and humidity of the site, which
not only prolongs the life of the mining machines, but also allows them to run
more stably. Maintenance specialisation requires professional maintenance
staff who can deal with any problems that may arise with the mining machine,
whether it is poisoning or hardware failure, thus guaranteeing that the mining
machine is online 24/7.

. Unregulated industry

2
3
As the current policy for mining and digital currency regulation is at a
relatively early stage, legislation is lagging behind, and the overall development
of the industry is in a state of barbaric growth, with a lack of unified standards,
pre-sales and after-sales services, and varying levels of hosting, the industry is
full of chaos, schemes and unspoken rules that give new and old miners
headaches and even complaints.

. Lackluster service
2
4
Mining is an industry with a large initial investment in fixed assets, and
the financial services to match this are not perfect, resulting in poor liquidity of
the fixed assets invested by miners. When miners need a certain amount of
cash flow, they are stretched to the limit and have no way to liquidate their
fixed assets in time to meet their financial needs, except for pledging and
selling digital currencies. In addition to financial services, other services related
to mining are also relatively backward, such as the construction and transfer of
mining machine farms, the warranty and maintenance of mining machine parts,
the reporting and publishing of mining information, etc., are all in a relatively
rudimentary state.

Overview of ETH Farming


3
ETH Farming is a global technology-leading ETH arithmetic mining cloud
service platform, and an international website dedicated to providing global
users with safe, convenient, reliable and innovative digital asset derivatives.
ETH Farming allows users to seamlessly switch between tokens on the chain in
a fully decentralised and non-custodial manner. ETH Farming is committed to
providing global users with intelligent, secure, stable, fast and convenient
digital asset investment and trading services, bringing intelligent new changes
to global digital finance.

. Product key elements


3
2
Product: ETH Farming
Positioning: ETH Farming financial
tool
Liquidity Mining

ETH Farming supports single coin mining, pledged LP mining and


transaction mining, and is completely decentralised. It can freely deposit tokens
for exchange and can be freely withdrawn. It does not trade with other trading
users, it trades with a pool of tokens and has an automatic market making
model to calculate the trading price.

One of the features of ETH Farming is that it pools everyone's liquidity


together and then makes a market based on an algorithm. The AMM model is
supposed to be one of the biggest innovations of the current bull market, the
cryptocurrency market. AMM fundamentally changes the way users trade
cryptocurrencies, unlike traditional order book trading models, where both sides
of the trade interact with an on-chain pool of liquid assets. The liquidity pool
allows users to seamlessly switch between tokens on the chain in a fully
decentralised, and uncustodied manner. The liquidity provider, in turn, earns
passive income through transaction fees, which are based on the percentage of
their contribution to the asset pool. What's more, your assets remain in your
personally controlled wallet and not into the trading platform, so they remain
100% safe.

Trading and exchange type services

ETH Farming wallets have built-in digital asset trading functionality, from
wallets with access to centralised exchange platforms, such as BitPie, to wallets
with access to decentralised trading platforms, such as Imtoken, to automated
trading platforms with access to the Bancor mechanism, such as Tokenpocket.
Some wallets offer a “flash exchange” function, where different currencies are
exchanged at a certain “exchange rate”, often using a centralised exchange
model for the backend of the currency exchange. This not only reduces the
number of steps users have to take to transfer coins to other coins, reducing the
probability of making mistakes, but also enhances user stickiness and provides a
good development direction and capital deposit for the subsequent
transformation of the wallet project. However, the built-in exchange greatly
increases the complexity of the system and introduces greater risk for wallet
products that require high security themselves, and the security of user funds
will be challenged to some extent.

News and information services


ETH Farming has a wealth of built-in digital asset market information such
as news feeds, market snapshots, project profiles, K-line charts, large capital flow
monitoring, code activity and more. Blockchain project information and quotes
are what pass holders need to keep up with the market, and are also a great
entry point for gathering user traffic. A well-integrated information and quotes
service in a wallet product will not only create enough stickiness for existing
users, but also bring in more incremental users. However, information services
require a certain amount of investment in human and financial resources, which
can significantly increase the operating costs of the product. Currently, most
wallets do not have a well-developed news and information service, and mainly
focus on providing quotes.

Money Management Services

ETH Farming has a built-in wealth management module, which includes


long-term fixed income, short-term flexible balance, digital asset P2P_financing
and lending, and mortgages. At present, some of these finance modules are
connected to third party services and do not participate in finance services
themselves; some are finance products developed to provide cheap funds for
the development of their own platforms, with the platform's earnings paying
interest to users; some are digital assets raised by the platform and then
invested in primary or secondary market transactions to obtain excess returns
and pay interest to users; and some provide P2P digital asset lending and
borrowing transactions. Others offer P2P digital asset lending and trading
services, providing a matchmaking service between those who demand and
those who provide assets. For long-term coin holders, digital asset management
services hit the nail on the head and can be held to gain income, with annual
yields ranging from 4% to 20% for various types of wallets. However, the
blockchain industry is developing rapidly and the digital asset market is volatile,
so financial products with poor liquidity will face greater risks. The digital asset
finance market is currently immature and no industry benchmark leading
companies have emerged. In addition digital asset P2P lending type, if it is
difficult to control the risk of the lender, it is easy to cause default, please pay
attention to the risk of investors.

POS mining services

For blockchain projects that support the POS consensus algorithm, some
wallets offer a lock-in to join the POS mining service, and the mining proceeds
will be sent to users on a regular basis. Usually the master node for POS mining
is provided by the wallet project side. Digital assets that meet certain capital
requirements can participate in POS mining, with fixed lock time mining and also
a mining model that supports redemption at any time. The wallet project side
will take a proportional share of the mining proceeds, and both the wallet
project side and the user can have a more stable additional income. The coins
that currently support POS mining are: DASH, Lite Bitcoin, zCoin, Qtum and
Hcash.

Asset aggregation services

Usually users will hold different coins in multiple exchanges and wallets,
which is not very convenient for centralized management and revenue enquiries.
Such wallets can provide users with fund aggregation services, aggregating
users' pass holdings in multiple wallets and exchanges through API interfaces,
and platforms with poor support for API interface services can also use manual
maintenance for initial input. Currently, the aggregation service can support
exchanges, wallets, ICO funds and fiat funds.

Currently there are many different types of exchanges and wallets, each of
which supports different types of digital assets, so users' funds are usually
scattered across different platforms, which is not conducive to centralised
management and queries. This type of wallet requires API interface development
with many exchanges and wallets, and there are certain development and
maintenance costs.

IDO One-Stop Platform

ETH Farming will establish a one-stop platform for IDO project evaluation,
promotion and access, ETH Farming adopts a community governance model,
ETH Farming's voting weight is the only measure, holding ETH Farming is
recorded as one vote, pledging ETH Farming is recorded as two votes, the ETH
Farming re-purchased or pledged after the voting starts is not counted in the
voting results. Provide traffic and support for project developers, data analysis
and quality resources for customers. ido platform governance coins will also
take liquidity mining mined out, involving specific economic models such as ido
project mortgage, hitting new, buyback, etc.

Other application products

The ETH Farming team will continue to provide the latest products
according to market development and demand. We strive to be the DeFi full
traffic portal and provide the most complete DeFi products to serve our users.
. Project solutions

3
3
1 Lower the industry threshold and increase asset liquidity

ETH Farming has lowered the entry barrier to the mining industry by
giving fixed assets such as mining machines, mining farms and arithmetic
power some liquidity in a platform-specific way, allowing more users who are
interested in mining to participate and enjoy the benefits of mining without
having to invest in expensive fixed assets. At the same time, it has also
increased the liquidity of mining farms and miners' assets, enabling them to
develop more rapidly.

2 Scale and specialised expenditure costs

ETH Farming will continue to build and purchase its own infrastructure
and mining equipment, as well as cooperate with other ecological partners, in
order to generate a certain scale effect, thus reducing the platform's
procurement, construction and operating costs. At the same time, due to the
large scale of the company, it will also have a relative advantage in obtaining
the corresponding power resources and compliance qualification.

3 Cross-currency mining services to enhance the freedom of mining

As the consensus algorithms of different coins are different, the required


mining machines are also different, so this is a limitation to the freedom of
miners. ETH Farming can help miners to provide mining services for different
coins under different conditions according to their individual needs, thus
enhancing their freedom of mining.

4 Empowering financial attributes to provide financial services to users

ETH Farming will continue to expand its financial services and products
to provide a full range of financial services and support to ecological members
including miners, mining farms, mining pools and mining machine
manufacturers to help them survive and develop better ETH Farming and its
partners will obtain the appropriate business licenses in accordance with local
policies and regulations.
3
1 K-Chart: Once you enter the ETH Farming platform, you can see the K-
Chart by entering the contract address, which gives you a comprehensive and
thorough view of the real changes in the ETH market. From the K-chart,
investors can see both the trend of the bullion market and the daily
fluctuation of the market conditions.

2 Transparent trading: The model is simple, mainly aggregating transactions,


and does not host the user's assets, eliminating the possibility of the exchange
monitoring and stealing.

3 Trading on the chain: The biggest difference with other ETH Farming
platforms is that ETH Farming does all this through smart contracts, placing
asset escrow, aggregated transactions and asset clearing on the blockchain.

4 Highly trustworthy: Smart contracts are used to achieve a decentralized


and trustless transaction mechanism, which solves the risk of internal
operation, business ethics, asset theft and other risks that seriously affect the
safety of users' assets due to human factors on centralized platforms.

5 Security and efficiency: Users' assets can be transferred freely without any
approval, and there is no need to worry about hackers stealing or losing coins,
so there is sufficient security.

. Value services
3
5
1 Calculating power service

ETH Farming is based on ETH Farming machines, mining farms and


the
arithmetic power behind them. Arithmetic services are the core and most
fundamental business of ETH Farming, and users can enjoy a wide range of
arithmetic services through the platform. In the world of cryptocurrencies,
apart from buying and selling cryptocurrencies through exchanges, the only
way to mine cryptocurrencies is to have arithmetic power, so the value of
arithmetic power is particularly important here. Once a platform user has
arithmetic power, they can turn it into tangible revenue through arithmetic
power. ETH Farming users who use the platform to purchase arithmetic for
mining services will see their daily earnings increase as the price of the
cryptocurrency rises, and vice versa.
Therefore, ETH Farming itself has the ability and demand to
continuously extend its cooperation with external arithmetic power, and as
the arithmetic
power purchased by ETH Farming and accessed by external parties continues
to increase, the larger the scale, the more users will continue to increase.
2 Streaming Service
ETH Farming's miners can transfer their fixed assets, such as mining
machines and mining farms, through the platform under certain conditions
within the platform and on the secondary market, thus increasing the liquidity
of miners' assets and allowing more idle arithmetic power to come into play,
so that users who want to mine can participate in the process. As ETH
Farming grows, the platform will gradually increase the amount of arithmetic
purchased by the platform and the amount of external arithmetic. Users can
purchase physical ETH miners from ETH Farming or transfer their own miners
to our mine for management

3 Financial Services

As one of the core services provided by ETH Farming, we will provide


cryptocurrency_users with financial services such as collateral lending,
hedging, coin-flash, asset management, leveraged instalment, OTC, option
contracts, etc. Cryptocurrency will be used as a payment tool for DeFi service
fees. ETH Farming will continue to improve its financial services and
derivative products according to market conditions and the needs of
cryptocurrency
users.
4 Information Services

The mining industry has experienced many years of development, but


the information in the industry is still relatively closed and asymmetric. From
local electricity prices to the sale and purchase of mining machines, from
industry blacklists to industry resource information, the mining community
lacks an authoritative and systematic information release and sharing
platform. In the future, ETH Farming will gradually integrate the industry's
leading organizations into the entire ecosystem, so that miners can take the
easy way out and get access to reliable resources and information from the
platform. The information service scope mainly includes network information
release, mining machine sales, mining machine reviews, etc.
3
1 Transparent transactions: The model is simple and mainly deals with
aggregated transactions, and does not host users' assets, thus eliminating the
possibility of the exchange monitoring and stealing.

2 Transaction on the chain: ETH Farming all of this is achieved through


smart contracts, the asset custody, aggregation transactions, asset liquidation
are
3 High trust: Smart contracts are used to achieve a decentralised and
trustless transaction mechanism, which solves the risk of internal operation,
business ethics, asset theft and other risks that seriously affect the safety of
users' assets due to human factors.

4 Security and efficiency: Users' assets can be transferred freely without any
approval from anyone, and there is no need to worry about hackers stealing or
losing coins, so there is sufficient security.

3
3
3
ETH Farming community members have unique insights and
experiences in blockchain technology. They have many years of development
experience,which gives ETH Farming's technology development a huge
advantage and
guarantee. ETH Farming already has a decentralised application in internal
testing, the creation of which comes from the contributions of community
volunteers and the assistance of the founding team.
2 Composite core business logic

ETH Farming has core business segments covering all directions, with
developments in information sharing, information settlement systems, multi-
functional wallets, traceable elements, smart_contracts and other areas, which
will eventually converge and link into an overall cryptocurrency trading
ecosystem.

3 The industry's first-tier cooperation institutions

Excellent partners are the foundation of success. ETH Farming has top
-tier partners around the world, who will cooperate with ETH Farming in all
aspects and help ETH Farming at all levels to promote its rapid
development.
4 Simultaneous launch of the global market

ETH Farming has a rich community base and user base, and has been
commercially deployed globally. At the same time, strong alliances allow ETH
Farming to launch simultaneously in various markets around the world,
seizing opportunities and expanding markets in time!

In the future, ETH Farming will establish multiple user communities


and venues in Spain, Canada, USA, Singapore, Northern Europe, Eastern
Japan, China, Korea, Australia, Malaysia, Cambodia, South America and other
countries and regions to accelerate the project's development.

5 Cutting-edge industry trends

ETH Farming enables the existing cryptocurrency trading market to gain


disruptive changes and establish an advanced and unique payment ecology. It
is hoped that a series of open and fair rules and standards will promote rapid
changes in the entire market, optimise the current industrial structure,
rationalise the allocation of public welfare resources, and ultimately realise the
decentralised ecosystem established by the ETH Farming protocol based on
blockchain technology.

6 Global commercial application

In order to realize ETH Farming's ambitious ideals and mission, ETH


Farming will make use of its advantages to land commercial applications
globally, actively cooperate with various traditional industries to help the
development of the blockchain crypto industry, improve its influence and
establish an ecosystem led by ETH Farming.

ETH Farming Technical Architecture


4
The ETH Farming system has six layers, namely the data layer,
network layer, consensus layer, incentive layer, contract layer and
application layer.
1 Data layer

Based on the high redundancy storage mechanism of the blockchain,


blockchain storage has a certain impact on the scalability and performance of
the blockchain. The ETH Farming framework is designed with a multi-layered
node system, and different storage strategies (distributed bookkeeping) are
selected according to different node applications.

2 Network layer

The P2P Protocol supports data transmission and signaling exchange


among nodes in the blockchain network and is an important communication
guarantee for data distribution or consensus mechanism. The ETH Farming
system is designed to support multiple P2P protocols, communication
mechanisms and serialization mechanism configurations, so that flexible
protocols can be used according to different scenarios. In terms of
communication security, HTTPS, TLS, WSS (SecureWebsockets) and other
protocols are flexibly supported, and OAuth authentication integration can be
extended to support the external service interface of the platform application.

3 Consensus layer

ETH Farming (delegatedByzantine Fault Tolerance) consensus algorithm


,expanding the underlying network consensus algorithm, with high
performance, high consistency characteristics, suitable for financial payments,
digital transaction data frequently generated, and a high degree of real-time
bookkeeping requirements of weak central upper layer applications.

4 Incentive Layer

ETH Farming not only has an airdrop for genesis consensus rewards,
but also a liquidity mining pool for long-term network value maintenance.
Because of ETH Farming's unique consensus mechanism, anyone can join at
any time to earn rewards.

5 Contract Layer

For each smart contract submission, deployment, use and cancellation of


a complete and controllable process management, and integrated rights
management mechanism for comprehensive security management of the
mechanisms of smart contract operation.

6 Application layer

The application layer will provide a common transaction protocol,


support multi-language integration and functional expansion, with support for
Java, JavaScript, Python and other languages, and has been fully applicable to
the underlying network expansion.

. Arithmetic time-sharing system


4
2
ETH Farming's arithmetic services are provided by the platform's own
machines and external organizations that generate arithmetic 24/7. Users can
freely choose when they want to use arithmetic, the amount of arithmetic and
the corresponding mining coins through the platform, which improves the
efficiency of arithmetic usage and breaks the inconvenience of mining caused
by the limitation of firmware facilities in the past.

. Trusted Proof of Stake Consensus (TDPOS)

4
3
The ETH Farming platform uses Trusted Proof of Stake Consensus
(TDPOS), a secure and trusted consensus protocol with high robustness and
flexibility. Compared to traditional consensus mechanisms, TDPOS ensures a
reliable source of distributed data through a hierarchical trusted consensus and
hierarchical auditing strategy, safeguarding the fair rights and data privacy of
participating nodes, while the transaction performance of over 1 million TPS is
fully capable of handling a high concurrency sharing ecology.

We define the hierarchical Trusted Consensus (PT) of TDPOS as a function


of Proof of Identity (PIA), Proof of Compliance (PCO), and Proof of Credit (PCR):
PT=F{f(PIA),f(PCO),f(PCR)} and the three hierarchical credible proofs containing
documents or transaction acts are described as follows.

Proof of equity (PIA): the higher the number of nodes locking coins, the
higher the score. Proof of Compliance (PCO): is to verify the transaction
behavior with the corresponding organizational policy and legal code
requirements. Proof of Credit (PCR): is a dynamic credit verification that
identifies the transaction behaviour on the role chain.

Combined with the decentralized features of the blockchain system, we


incentivize the release of transaction behaviors with high credit consensus
through the layered credit management and TOKEN mechanism of TDPOS with
layered trusted consensus, which can greatly reduce the cost of information
screening for the roles in the ecology, while improving transaction efficiency
and guaranteeing transaction security.

. Technology Applications
4
4
1 P2P communication

P2P is the core foundation of blockchain, with features such as


decentralization, scalability, robustness, privacy and high performance. The
block is linked to ETH Farming's loT devices and users, and is deeply
optimised in terms of session maintenance, address determination,
communication
mechanism, storage scheme, transaction payment, etc. By specifying the
physical configuration and size of the user and consensus nodes, and
adopting a sharding mechanism and high-speed network connection, the
communication, computation and storage burden of the consensus nodes is
reduced and the transaction performance of the blockchain is improved, thus
achieving the maximum performance of blocking for loT devices and
providing the foundation for the registration, digitization, authentication and
security of IoT devices in the future.

2 ETH Farming encryption algorithm

The encryption and decryption of information is the key link of


blockchain, mainly the algorithm of hash function and asymmetric encryption.

(1) The hash function part, currently there are mainly SHA, MD5 and
other algorithms, and also includes the use of algorithms in series and in
parallel. Since commercial applications generally focus more on performance
issues, the ETH Farming base algorithm is mainly the SHA256 algorithm.

(2) Asymmetric encryption part, there are mainly asymmetric encryption


algorithms including RSA, DSA, elliptic curve algorithms, etc. Blockchain
generally uses elliptic curve algorithms, 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, and also
natively supports multiple signatures. This is in line with the small size of the
Internet of Things, so ETH Farming has developed its own SDSchnorr
algorithm based on Schnorr.
At the same time, ETH Farming has abstracted the underlying
cryptographic algorithm library and interchangeable channels for the
algorithms to meet the algorithmic and security needs of different loT
applications. The names of the wallet and the address are interchangeable in
the underlying block.

3 ETH Farming Smart Contract

Each Internet-accessible lot device is given an “identity” on the


blockchain and has a globally unique identifier that can be used to identify a
credit identity. Each smart contract has a unique public address, just like a
normal wallet. The difference is that the smart contract's private key is
discarded when the contract is created, so no one can send the digital assets
inside the smart contract after it is created, except for the consensus
mechanism. For the lot's monitoring event-based up-chaining needs, i.e. the
loT device holder sets the smart contract, data storage path and data
accounting amount in advance, it can be broadcasted across the network as
well as stored in digital records. In the event of a relevant abnormal event that
is incorporated into the blockchain's supervision, ETH Farming's smart
contracts require mandatory, strong real-time and fully automated triggering.
The data for triggering conditions is also blockchain-protected data, which is
accurate, safe and secure, and cannot be tampered with.

4 Cross-chain communication protocol


ETH Farming supports cross-chain asset exchange protocols, which are
extensions to existing asset exchange protocols, allowing multiple participants
to exchange assets on different blockchains, and guaranteeing that all steps in
the entire transaction process are all steps of the transaction are guaranteed
to succeed or fail. At the same time, the cumbersome process of exchange via
an exchange is eliminated. The flexibility of payment methods will stimulate a
certain degree of diversity among users.

5 5G cloud storage

ETH Farming 5g storage provides a special storage mechanism, which


can not only prevent the storage of duplicate data, but also ensure the same
security, break the “common sense” of the industry, and achieve both fish and
bear. When using this mechanism, in addition to the user permission table, a
global metadata table should be maintained to record the corresponding
relationship between plaintext hash and ciphertext hash. When writing data,
you should first query whether there is the same hash data, and if there is no
such item, save it again.

Hash (data) → hdata to calculate plaintext hash

If checkdup (hdata) = true goto 11, if the same data already exists, go to
step 11

The symmetric key is randomly generated by randomsym () + STK as the


file storage key

Enc (STK, data) – encdata encrypt files with storage key

Hash (encdata) – henc to calculate ciphertext hash

The symmetric key is generated from the plaintext of the data by genkey
(data) → sData

After adding salt, hash value is calculated. The reason for adding salt is
that plaintext hash is a public value. If 5g storage blockchain is not added
salt to enable partial storage, people who do not have plaintext data can
also obtain the key. In order to ensure consistency, the salt value can be a
fixed value.

Enc (hdata, STK) - encstk'encrypts the storage with the symmetric key
generated by the data plaintext

Store the key. This is a very “weird” step. It uses plaintext as the key and
the key as plaintext to encrypt. When most people look at this algorithm,
they think it is reversed. In fact, it is specially designed in this way, and
this step is the core step of de duplication after encryption.

Putipfs (encdata) stores encrypted data into IPFS

Putmeta (hdata, henv, encstk) stores 'encrypted ciphertext hash and


plaintext

The key is recorded in the global metadata table and in the plaintext hash
key

Goto 14

Get meta (hdata) henv, encstk'get ciphertext from global metadata table

Storage key after hash and plaintext encryption

Genkey (data) → sData uses the same algorithm to generate symmetric


key from data plaintext

The symmetric key is used by Dec (sData, encstk ') - STK to decrypt the
storage key

Enc (spub, STK) – encstk uses the user's encryption public key to encrypt
and store the key

Putpri (hdata, encstk) stores the encrypted storage key of the encrypted
public key to the user

The user permission list is recorded under the clear text hash item

When getting data, take out the corresponding ciphertext hash from the
plaintext hash in the global metadata table, take out the ciphertext hash
from the IPFs through the ciphertext hash, take out the encrypted storage
key from the permission list, decrypt the encrypted storage key with the
user's encryption private key to obtain the storage key, and decrypt the
encrypted data with the storage key to obtain the data plaintext.

It is obtained by getmeta (hdata) → henc from the global metadata table


through plaintext hash

The ciphertext hash getpri (hdata) → encstk obtains the encrypted public
key from the permission list through plaintext hash

Get IPFs (henc) → encdata extract ciphertext from IPFs with ciphertext
hash

Dec (sprv, encstk) STK encrypts the user's public key with the user's
private key

The encrypted storage key is decrypted to obtain the storage key


Dec (STK, encdata) - data decryption to obtain file data

The optimized DSN scheme not only effectively guarantees the security of
data, but also realizes encryption and de duplication. In order to achieve
better de duplication effect, the data can be divided into blocks according
to a fixed length, and each block is de duplicated separately. The above
scheme can only be used to store static data. When storing dynamic data,
not only the ID that does not change with the content should be used to
replace hash as the identification of data, but also the verification of write
permission should be added to prevent the data from being covered and
tampered by others.

The creation process is as follows:

Xun randomasm () - swpub, SwPrv randomly generates asymmetric key as


write permission key

Create (swpub) - ID creates a dynamic data, obtains a unique ID, and


records the public key of the write permission corresponding to the ID

Random sym () - STK randomly generates symmetric key as storage key

Enc (spub, STK) – encstk uses the user's encryption public key to encrypt
and store the key

Putpri(ID, encstk) stores the encrypted storage key of the encrypted


public key into the user permission list, and records it under the ID. the
process of each data writing is as follows:

Get pri (ID) + encstk to retrieve the encrypted storage key from the user
permission table

Dec (sprv, encstk) → STK encrypts the user's public key with the user's
private key • The storage key is obtained by decryption

Enc (STK, data) → encdata encrypt files with storage key

Hash (encdata) → henc to calculate ciphertext hash

Enc (SwPrv, henc) - enchenc uses the public key of the ID's write
permission to hash the ciphertext autograph

Putdyn (ID, encdata, enchenc) writes encrypted dynamic data to sign data

Write authorization on behalf of. When a node storing dynamic data


fragments writes dynamic data, it needs to verify the write permission first

Get key (ID) → swpub get the public key of write permission
corresponding to the ID

Hash (encdata) - henc to calculate ciphertext hash


If Dec (swpub, enchenc) = henc write (encdata)

The reading process of writing dynamic data is as follows:

From the permission list, getpri (ID) — encstk obtains the data encrypted
with the encryption public key corresponding to the ID

Storage key

Get dyn (ID) – encdata read ciphertext from dynamic data storage area
with ID

Dec (sprv, encstk) - STK encrypts the user's encrypted public key with the
user's encrypted private key

The encrypted storage key is decrypted to obtain the storage key

. Technology Applications
4
5
ETH Farming is a secure and reliable platform that combines on-chain
and off-chain innovation through technical and conceptual innovation.

1 Password setting for device use

Users can be reminded to set unlocking passwords, unlocking gestures


or fingerprint unlocking, wrong password unlocking time period, high strength
of device transaction password, if there is no perfect password setting control,
it can not be directly accessed to view personal privacy information after the
loss of the device, to conduct transactions.

2 Create a wallet keyword security

The private key process is secure and can be saved locally.

3 Transaction process security

You can display the address of your account and verify whether the
address has been modified, so that your money is not lost.

4 Data storage security

Data can be stored on the storage device, including the private key
storage method, stored on the device memory card, which can be accessed
externally, to improve the relevant function design, to protect the relevant
data from hacking.

5 System integrity security


The ability to verify the strict integrity of the equipment system, to check
whether it is genuine and to prevent tampering by hackers or attackers in the
place where the equipment is distributed.

The ETH Farming Ecosystem

5
With the continuous development of ETH Farming, the number of
organizations that will reside in the ETH Farming platform will also increase,
and eventually a diversified ecosystem will be formed that includes exchanges,
mining pools, mining machine manufacturers, social media, hot and cold
wallets and mining services. Users holding cryptocurrencies will also enjoy
certain rights and benefits when they access the main chain, such as
discounted exchange fees, discounted mining pool fees, discounted mining
machine purchases, priority purchase rights, purchase installments, token
purchase rights, cold wallet benefits, etc. ETH Farming will cooperate with
more eco-system institutions through the main chain to give more rights and
value
to cryptocurrencies. ETH Farming will cooperate with more eco-system
institutions through the main chain, thus giving more rights and values to the
cryptocurrency
5
To facilitate the use of the wallet by ordinary users, the ETH Farming
wallet uses the SPV method, i.e. accessing the wallet through the web. Cold
wallets
are suitable for wallets with large sums of money, where the public and private
key pairs are generated offline and the user can generate any key pair they like.
Hotwallets: Hotwallets are suitable for small and fast transaction scenarios.
Hotwallet keys are hosted in a way that when a user registers for a wallet
account, the private key generated using the user's payment password pair is
encrypted locally on the user's computer via 3DES and the encryption results
are hosted in the wallet cloud via the SSL protocol. This means that the hot
wallet key information transmitted over the network and stored in the cloud is
the user's encrypted data and no one other than the wallet user has access to
the original content of the private key.
When a user needs to sign a transaction, the private key is obtained from
the wallet cloud server and the content is decrypted on the user's local
computer by the user entering the payment password, and upon successful
decryption, the local wallet program will sign the transaction information with
the private key and submit it to the ETH Farming wallet network for trading.
The ETH Farming wallet also contains two types of assets - native assets and
registered assets - similar in nature to real-life wallets that contain Chinese
Yuan and various cards. Native assets can be used without any trust, while
gateway-registered assets must trust the corresponding assets in order to
exchange value.

Based on the above, and in order to better build the ETH Farming wallet
ecosystem, the ETH Farming wallet introduces a series of key pairs, so that each
wallet address corresponds to a key pair: a private key and a public key. The
private key is a random number generator to generate a 256-bit entropy,
displayed as a 64-bit hexadecimal number, which is unpredictable and
unrepeatable, and therefore unique. It holds the ownership and control of the
wallet and is used to sign and verify each transaction. In order to lower the
user's threshold, the mnemonic becomes another manifestation of the plaintext
private key. The ETH Farming wallet, in order to help users to memorise
complex private keys and increase convenience, generates a public key through
a certain cryptographic algorithm (e.g. a hash function), which corresponds to
the private key one by one. Its centralised wallet: a smart wallet for personal
digital assets that supports the storage and transfer of a wide range of token
transactions, will play a vital role in the next generation of the Internet digital
economy. It can track and capture the data and market analysis of each
exchange in real time, carry out intelligent arbitrage transactions in real time,
determine the price difference of each trading platform and the trading volume
of each currency to decide whether to carry out arbitrage tasks, and initiate
transactions at the right time by itself, combined with a variety of arbitrage
methods can be completely unaffected by price increases and decreases. The
combination of multiple arbitrage methods can be completely independent of
price increases and decreases. It solves all the drawbacks and risks of manual
arbitrage.

. Crypto Asset Trading System


5
3
The ETH Farming Crypto Asset Trading System is a user trading platform.
All users can convert multiple assets within the platform, where digital assets
are a distributed peer-to-peer network system. As such, there is no 'central'
server and no central control point. The Digital Asset protocol includes a built-
in algorithm that regulates the mining function in the network. The task that
miners must complete is to successfully record a block transaction in the digital
asset network. This difficulty is dynamically adjusted. Digital Assets before
Digital Assets represents the culmination of decades of cryptography and
distributed systems, a unique and powerful combination that brings together
four key innovations. Digital Assets consists of these:

1 a decentralised peer-to-peer network (digital asset protocol)

2 a public ledger of transactions (blockchain)

3 a decentralised data and deterministic asset issuance (distributed mining)


5
Contract escrow platform, risk avoidance and stable returns.
Cryptocurrencies are naturally decentralised, and most hot wallets inherit this
property. As the private key is held by the user, it cannot be recovered if lost
and transactions cannot be rolled back, thus putting the “wallet security
awareness” of many users to a great test. ETH Farming is the world's first and
only personal digital wealth management product that combines multi-
currency, cross-chain, decentralised trading, P2P encrypted instant messaging
and integrated social community applications.

Lending and financial gains: ETH Farming will later launch a one-click
aggregated lending service to expand the underlying assets for lending and
insurance, enhancing the liquidity of users' assets. The aggregation of
mainstream and today's most popular major Defi lending platforms, such as
MakerDao, Compound, etc., will reduce users' borrowing costs by adjusting the
choice of coin weights and minimum interest rates in real time. It also connects
off-chain credit behaviour with on-chain financial behaviour based on a credit
prophecy machine. Users with a good credit history can also use their “credit
behaviour” record to participate in behavioural mining, and ETH Farming may
even have the attribute of mining weighting in the future.

Project Development Planning

Time Development Planning

August 2021 Complete development and design of the prototype based on the ETH
Farming platform

September Beta version of ETH Farming platform goes live for testing
2021
Time Development Planning

November ETH Farming platform goes live in


2021
beta
December Applications go live, integrate many industries, organise multilingual
2021 platforms for global business synergy operations and create a trillion
dollar ETH Farming infrastructure platform

March 2022 ETH Farming has contacted more overseas blockchain exchanges to
actively promote overseas ETH Farming launch plans and enhance
the international reach of the ETH Farming public project

June 2022 Collaborate with more developers on more types of mining projects

2023 Complete global membership roadshow marketing

Summary

The wheel of historical development rolls forward, and the development


of society is changing day by day. Blockchain finance can contain everything,
and the trend development has become irreversible. Whether we are pioneers
or watchers is the most significant choice you can make in this era.

ETH Farming platform: will give the future financial flow of the ETH
world a best entrance and base. We will be the navigator, pathfinder,
domainer,
discourse, technology benchmarker and ecological city pool of the blockchain
financial world.
We are not just involved in ETH Farming, we are involved in building the
entire ETH world. We are at the forefront of the new world, we reap the scenery
and the territory. At the same time, the success of ETH Farming is driven
entirely by the consensus of the community members. Let's build the brilliance
and
legend of ETH Farming with the best product and the strongest consensus.

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