BitStar International Exchange White Paper V1.0
A New Trading System for Digital Asset Ownership and Blockchain Interoperability
Table of Contents：
Chapter One： Preface………………………………………………………………2
Chapter Two： History of Blockchain……………………………………………3
2.1： Future of Blockchain…………………………………………….5
Chapter Three：Birth of BitStar…………………………………………………….6
3.1： Functional features of BitStar platform……………………6
Chapter Four： Development planning and future prospects…………….7
4.1： Early planning…………………………………………………….7
4.2： Mid-term planning………………………………………………8
4.3： Future planning…………………………………………………..8
4.4： The Vision………………………………………………………….9
Chapter Five： Team and Foundation………………………………………….10
5.1： BitStar Foundation……………………………………………..10
5.2： The Founding Team of BitStar Exchange…………………11
Chapter Six： Operation team system……………………………………….12
Chapter Seven：Concluding remarks……………………………………………19
Preface:
To bring deeper liquidity and greater capital efficiency to digital
asset custody, we need a radical new approach.
This approach requires decentralization, interoperability, and an
open network.
The future of global finance depends on the power of
decentralized markets. BitStar’s ambition is to advance
decentralization and take it as its guiding principle. What we
serve are pioneers and visionaries who are eager to participate
in the next evolution of the crypto capital market.
History of Blockchain:
The proposal of blockchain. The concept of “blockchain” was first
proposed by Satoshi Nakamoto in the “Bitcoin White Paper” in 2008. And
in 2009, he founded the Bitcoin network and developed the first block,
the “genesis block”. The blockchain shared value system was first
imitated by many cryptocurrencies, and improvements were made in the
workload proof and algorithm, such as the use of equity proof and
SCrypt algorithm. Subsequently, the blockchain ecosystem continued to
evolve around the world, with the emergence of initial coin offerings
(ICOs), smart contract blockchain Ethereum, asset tokenized sharing
economies of “light ownership, heavy usage rights” and blockchain
countries.
2009～2013
2013 was the first round of bull market in the currency circle. At that
time, all the coins were copycats of Bitcoin, including Litecoin, Dogecoin,
Universe Coin, Jade Emperor Coin, God of Wealth Coin and so on.
2014～2017
2017 is the second round of the bull market in the currency circle. It is
said that the big bull market brought by Ethereum, smart contracts
redefine the blockchain. Issuing coins has never been so easy, and there
is a category, air coins.
2018Issued EOS, TRON.
2019
Issue model currency, IPFS mining machine, Bitcoin BHD.
2020
The beginning of the bull market is also the first year of DEFI. DEFI is a
variety of projects built on smart contracts. The unicorn coin UNI and the
sushi coin SUSHI appeared. With only 1,000 lines of core code, the
generation of the exchange was realized, and the commission dividend
was also realized. This is a revolutionary progress that is relatively easy to
be ignored. Opened liquidity mining, from the point of view of the
currency issuance mechanism, liquidity mining is also revolutionary.
2021
With the help of DEFI platform. Animal coins broke out, DEFI is still
professional, and animal coins are more down-to-earth. This round of
bull market started with DEFI and died with animal coins.
2022
Ethereum successfully merged on September 15th, completing the first
step to solve the “scalability dilemma” of the blockchain; projects such as
Otherside and StepN sparked an upsurge.
2.1. Future of blockchain
Although the price of BTC was cut in half after the 519 incident, the
degree of chaos in animal coins in 2021 is far less than that of air coins in
2017, mainly because the thinking of circles has not kept up. This is a
good thing, which shows that the industry tends to be rational, and
those animal coins that are on fire. In terms of viewpoints and cultural
output, it is not comparable to air coins. Culture is valuable. The public
chain competition in 2017 has come to an end today. Ethereum
continues to lead the way. The EVM system dominates the world. Even
Polkadot has launched EVM. DFinity has some advantages under
differentiated competition. FIL is not counted, because FIL has no DAPP.
It is unrealistic to find the public chain of 100 times currency, 100 times
currency is only available on DAPP, including DEFI, NFT, DAO, and these
are the applications that have been talking about for years.
Birth of BitStar:
As an international exchange, BitStar aims to provide users with business
service platforms such as account system, real-name authentication,
asset recharge, asset custody, matching transactions, asset liquidation,
and asset exchange.
Since its establishment, BitStar Exchange has always been adhering to
the purpose of serving customers and making customers feel at ease. A
24-hour manual customer service center is specially set up, and USDT
exchange can be applied online 24 hours a day, saying goodbye to long
waiting times at merchants, and removing offline transaction risks. The
platform connects with three-party organizations, providing a platform
for connecting with customers, and a platform for connecting with
merchants, for quick matching and quick redemption.
3.1 Functional features of BitStar platform
Cross-platform transfer and liquidity
Meeting Governance and Compliance Needs
Institutional-grade security and controls
Multiple trading modes to choose from
Brand new short-term trading low risk
24-hour considerate manual service
Instant exchange manual one-to-one
Development plan and future:
4.1 Initial Planning
The white paper of the BitStar project was issued, the preparations for
the preliminary project were carried out, the design of the technical
framework was promoted layer by layer, and the acquisition of various
qualifications (MSB certificates, etc.). Start the BitStar project, research
and develop related project content, launch APP, recruit global nodes,
and recruit mine support, such as stable currency for exchanges. Deploy
the implementation of the application scenarios after the BitStar project
goes online, and carry out implementation promotion for the application
scenarios of different partners, including due diligence of on-chain assets,
compliance audit of on-chain assets, transaction management and
information disclosure.
4.2 Mid-term planning
Further improve and promote the use of BitStar on a global scale,
promote the online trading platform to realize exchange with digital
assets and currencies of various countries, maintain and promote the
use of BitStar, and accumulate users. Further realize the application
landing, let the blockchain technology circulate in the market, circulate
the market value between industries and realize the value. Make BitStar
an integral part of the development process of blockchain market
circulation transactions.
4.3 Future planning
Integrate related industries, access multiple types of applications,
organize multilingual platforms, and carry out collaborative operations of
the global financial settlement industry to create a blockchain financial
application centered on user experience. Accelerate the promotion of
applications, maintain and optimize the BitStar system.
4.4 The Vision
BitStar is reconstructing digital asset ownership and inter-blockchain
transaction methods for a multi-chain world, and adopting a brand-new
transaction method to bring liquidity and capital efficiency to the
blockchain economy. Committed to creating a low-risk and controllabletransaction model and a safe and stable transaction terminal service for
cryptocurrency enthusiasts. 24-hour online manual escort for your assets.
The brand-new USDT conversion mode is completed by a 24-hour
manual customer for you, bid farewell to the risk of off-chain transfer of
merchants, recharge on the chain, and exchange through customer
service to ensure that your funds are safe and worry-free.
BitStar pioneered the first trustless decentralized custody network
suitable for the governance and compliance process of financial
institutions. Its security is guaranteed by multi-party computing (MPC),
which realizes decentralized custody and cross-chain atomic Swap,
multiple transaction modes and remove the conversion risk between
USDT and currency.
Team and Foundation:
5.1 BitStar Foundation
Toronto BitStar Foundation, a subsidiary of Canadian Asia Pacific Group
Toronto BitStar Foundation is a comprehensive multinational financial
fund integrating securities brokerage, investment research, asset
management, insurance business, financial technology and digital
currency transactions. Headquartered in Canada Asia Pacific Group, the
foundation holds a number of financial service licenses granted by the
securities regulatory commissions of many countries. The main
shareholders and professional management team have rich experience
and unique resources in the fields of international finance and Internet
industry, insurance, digital currency and so on.
The foundation believes that under the new economic model of
blockchain, it can break through the barriers of country, region, language,
and circulation, innovate the economy, open up the data resources of
various industries around the world, and change the productivity
relationship of all roles in the business model. With the support of the
Foundation, it has better promoted the global development of the digital
ecology
5.2. The Founding Team of BitStar Exchange
As a global project, BitStar Exchange has a growing team of collaborators
all over the world. Currently, we have more than 130 team members, led
by the founding team. The founding team members are leaders
recognized by the Bitcoin and cryptocurrency community to be at the
forefront of the industry and have actively led some of the key
innovations in the field since 2011. We have successfully provided
blockchain technology and highly complex products.
Operation team system:
Sergio Demian Lerner Co-Founder and Chief Scientist
Sergio is recognized as a leading security/cryptocurrency researcher and
serial entrepreneur, having co-founded 7 tech companies: RSK Labs,
Coinspect, Coinfabri, WayniLoans, ASICBoost, Identiva Security and
Pentatek. In 2011, he joined the Bitcoin community, collaborating to
strengthen the security of Bitcoin Core by discovering and reporting nine
vulnerabilities. He also proposed more than 50 design improvements for
greater privacy, interoperability, decentralization, scalability, and faster
payments.
Sergio is also an expert in software and firmware development, writing
and leading high-tech interdisciplinary projects. He has designed and
developed multiple security systems with strong encryption and over 15
different neuromedical products that have been approved by the
government and sold to over 4,000 clinics in Latin America. He has
extensive experience in the development of real-time medical systems,
data acquisition, digital signal analysis, and algorithm design. He holds a
degree in Computer Science (University of Buenos Aires, Argentina).
Diego Gutierrez Zaldivar Co-Founder and CEO
Diego has been a pioneer in web development in Argentina and Latin
America since 1995, and one of the first technologists to incubate anddevelop Bitcoin and blockchain technology in Latin America since 2012.
In addition to RSK Labs, he co-founded another blockchain company,
Koibanx, which aims to translate the potential of Bitcoin and blockchain
technology into practical use cases, thereby becoming a driver of social
and economic change. Diego is also the co-founder of the Argentinian
Bitcoin NGO, which has more than 5,000 registered members, its online
community has 30,000 members, and is the first Latin American Bitcoin
Center. He is also the President and Co-Founder of the Latin American
Bitcoin NGO. In that organization, he helped build a Bitcoin community
network, with operations in 9 countries in the region, and hosted the
world’s longest-running Bitcoin conference (www.labitconf.com). His
extensive experience includes being part of the founding teams of some
of the most prominent digital projects in Argentina and Latin America,
including Clarín Digital (Argentina’s main newspaper website),
Patagon.com (financial community, sold to Banco Santander for $750
million), Internet Argentina (the first Argentinian Internet service
provider to offer ADSL) and Edunexo (a SaaS platform provider that
manages public and private educational institutions in Latin America and
Spain). He also served as Head of Research and Development at
ElSitio.com, leading a team of 25 developers.
Ruben Altman Co-Founder and COO
Ruben has long been engaged in software development and business
management, and previously co-founded the software development
company Kinetica. His experience includes developing the first virtual
supermarket in Argentina and leading the development of a pay-per-click
platform for a European company based in London, UK, where he lived
for 2 years. Ruben is a professor of computer science at ORT University
and holds a degree in computer science from the University of Buenos
Aires, Argentina. Adrian Eidelman, Co-Founder and CTO With over 20
years of programming experience, Adrian was a co-founder of Kinetica
(along with Ruben Altman) and participated in the development of
BlockchainNimblecoin. He has also worked as a programming consultant
for several companies (Disco, Tenaris, Microsoft, etc.) and as a process
improvement consultant for Baufest. He has worked as an assistant
lecturer for the Project Management and Control course at the
University of Buenos Aires and is a founding member of the Argentine
and Latin American Association of Agile Methodology. Adrian holds a
degree in Computer Science from the University of Buenos Aires,
Argentina and a postgraduate degree in Marketing from the Polytechnic
Institute of Buenos Aires.
Kelly Bridge Chief Financial Officer
Previously the Finance Director of a major financial company with offices
in Australia and the US. Kelly is an experienced crypto token analyst and
trader, bringing to UK Pro Exchange experience in the crypto space
including crypto asset accounting, blockchain consulting, and crypto
asset trading and investing.
Robert L. Russo Board Member
Graduated from the School of Computer and Information Science at the
University of Pennsylvania, with eight years of experience in the Internet
industry and five years as an IT group executive. In 2011, he came into
contact with blockchain and learned about blockchain technology. He
has participated in many large-scale overseas blockchain projects
including DeFi, Filecoin, and Zen, and has successfully invested in more
than 20 high-quality blockchain projects at home and abroad
Darin Hawkins Board Member
Darin was one of the first wave of crypto entrepreneurs who saw Bitcoin
as a necessary technology to separate money and state and build a free
society. Since 2014, he has held C-level positions in some well-known
cryptocurrency trading platforms. Darin has over 20 years of experience
in senior positions at renowned technology and investment firms such as
Toshiba Corporation, Globespan Capital and SoftBank Group.
Brennan Board Member
After becoming interested in Bitcoin in 2013, Brennan founded an
advisory firm that provides a daily newsletter on the crypto industry and
venture capital advisory services for investors seeking due diligence on
cryptocurrency businesses. He later became a director of Digital
Currency Group, a blockchain investment firm. France spearheaded
DCG’s acquisition of a cryptocurrency media site, where he will serve as
managing director for a year and a half.
Zane Wood Board member
Encrypted digital currency madman, brand promotion practical analyst,
and analysis solutions for global brands and governments, Zane also has
an electronic expertise in designing and building Block Chain and
machine learning systems on a large scale for retail, media, digital
services, This includes the public sector.
Lucas M. Altman Board Member
Lucas has had a successful career as an early employee at many
well-known companies. He is a long-time contributor to open source and
has teamed up with community members to create a development kit
for creating Ethereum smart contracts using Python.
Malcolm Palle Advisor and Director of BitStar Exchange
Malcolm Palle is the chairman and co-founder of Coinsilium Group, a
NEX exchange-listed blockchain venture capitalist. He is a
multidisciplinary entrepreneur and early technology adopter with 25
years of entrepreneurial experience and a background in the mobile
communications and travel industries. Malcolm has been an active
investor in the mining and exploration sector since 2007, with a
preference for precious metals, a preference that led him to bitcoin and
the nascent blockchain industry in 2013. Malcolm is currently leading
Coinsilium’s latest project, TerraStream, which will initially focus on
developing a tokenization model to provide alternative project financing
solutions for the mining and exploration industry. Malcolm is also the
co-founder of MiningMaven, a well-known investor communications
brand.
Eddy Travia Consultant
Eddy Travia is a pioneering investor in blockchain technology startups
and CEO of Coinsilium. Coinsilium is a London-listed early-stage
blockchain technology company venture capital builder, accelerator and
investor (NEX stock code: COIN). In July 2013, after working as a private
equity fund manager in Greater China for many years, Eddy co-founded
Seedcoin, the world’s first global digital currency startup incubator, andwas selected as the “Three Most Influential Investors”. Eddy led
early-stage investments in 18 blockchain companies around the world
(including Factom, RSK, and Indorse) and advised 11 ICOs, raising a total
of over $500 million. He is also a regular keynote speaker on blockchain,
advising businesses and regulators.
Cesar Levene Consultant
Cesar Levene is the managing partner of Estudio Levene. Estudio Levene
is a legal and tax firm with offices in Argentina and Uruguay, advising
blockchain and crypto projects since 2014. Estudio Levene also
represents companies from the start-up stage through financing and
M&A transactions. Mr. Levene received a master’s degree in
International Taxation and Trust Law from the London School of
Economics in 2000. He has advised on several projects related to token
generation events and is the founder of Crypto Token Fund.
Operating system:
decision-making committee
After the term of the decision-making committee expires, the weight will
be used to vote, and no more than 9 odd-numbered core members of
the decision-making committee will be elected. The core members will
make important and urgent decisions on behalf of the BitStar community,
and will be required to accept credit investigations and disclose their
remuneration during their tenure.
executive responsible
The executive director is elected by the decision-making committee, and
is responsible for the daily operation and management of the BitStar
community, the work coordination of the subordinate committees, and
chairing the meetings of the decision-making committee. The executiveresponsible person regularly reports the work progress to the
decision-making committee.
business committee
The business committee is responsible for the overall design and
planning of the community and the introduction of partners.
technical committee
The technical committee is composed of core developers and is
responsible for underlying technology development and review, product
development and review, etc. The technical committee regularly holds
project tracking meetings to communicate requirements and project
progress. Members of the technical committee need to understand
community dynamics and hotspots, communicate with business
participants in the community, and hold technical exchange meetings
from time to time.
General Affairs Committee
The General Affairs Committee is responsible for the use and review of
multiple types of application access, developer salary management, daily
operating expense expenditure and review, etc.
Audit of BitStar
Due to the particularity of the BitStar exchange industry, existingcompanies and institutions of various forms are actually difficult to
supervise under the existing system. In order to ensure the governance
of the BitStar platform and the openness and transparency of the use of
various tokens, the BitStar decision-making committee will hire a
professional auditing agency to conduct audits.
concluding remarks：
BitStar’s goal is to allow money to flow freely around the world, provide
infrastructure services, and make the cryptocurrency market around the
world more orderly. Carefully maintain every customer and escort every
customer’s funds.
We hope to create a more complete, more affordable, and more secure
open financial service platform, regardless of identity, region, occupation,
rich or poor, people can enjoy the services of this high-quality platform.
We are well aware that realizing such a vision will require long-term and
arduous efforts, and it cannot be accomplished by ourselves. It will
require everyone to work together and move forward in a down-to-earth
manner. We hope you will join us in making this dream a reality for
billions of people around the world.