TMSR Holding to Work on a White Paper on Code Chain Technology under Leadership of Dr. Wei Xu

News provided by PRCrypto
TMSR Holding Company Limited (the "Company") (NASDAQ: TMSR), an eco-technology company, together with Company's Co-Chairman Dr. Wei Xu, announced its plan to release a new white paper on CUTXO (Code Chain Unspent Transaction Output) in the near future. CUTXO is the core technology of Code Chain Coin and the white paper is planned to focus on:
  • Quantitative easing and the demise of traditional currencies 
  • A revolutionary economic theory of Code Chain Digital Economics and Code Chain Coin ("CCC") 
  • Comparison and relationship between CCNC/CCC and Facebook/Libra 
  • The dynamic characteristics of Code Chain Coin 
  • Code Chain technology and CUTXO 
  • The core concept of CUTXO 
  • Bitcoin core features comparison between CUTXO and UTXO 
  • Data Structure Details of CUTXO 
  • Multi-node accounting record of CUTXO 
  • Relationship between CUTXO and Industry Code Chain Server node 
  • Deployment Structure of CUTXO 
  • CUTXO Transaction for SIC businesses
Dr. Wei Xu commented, "The Company is dedicated to bringing better returns for stakeholders by further deploying in-depth operations in digital currency technology and increasing investments in digital technology. We look forward to completing the white paper on CUTXO."

About TMSR Holding Company Limited
Founded in 2009, TMSR Holding Company Limited engages in the research, development, and sale of solid waste recycling systems for the mining and industrial sectors, the wholesale and sale of fuel materials, harbor cargo handling services and production and sales of coating materials in the PRC. It provides end-users in these markets with a clean alternative to traditional waste disposal by significantly reducing solid waste discharge into the environment and enabling such users to extract value from valuable metals and other industrial waste materials. Upon completion of Sichuan Wuge Network Games Co., Ltd. ("Wuge"), the Company has also diversified its business. Wuge was established in 2019 and is still in this early developing stage. Wuge produced electronic tokens that combine the five-W elements (when, where, who, why, what), geographic location via the Beidou satellite system and identity information using Code Chain technology. The electronic tokens are unique, tradable, and inheritable digital assets and cannot be tampered. The electronic tokens are based on and stored in the Code Chain system and can be used to monitor and document all kinds of consumer behaviors that involve code-scanning.