Terms and Definitions in the Bitbon System

Digital asset circulation

Digital asset circulation is a property of a digital asset[i] that, in accordance with the terms and conditions of the digital asset protocol[i], allows Bitbon System Users[i] to implement two methods of transferring rights by:

  • changing the registration address (Assetbox[i]) for a certain number of digital asset units[i] of the Bitbon System[i] by means of a distributed ledger token transaction[i], which, based on the triune nature of a digital asset[i], entails the assignment of a certain scope of rights established by the digital asset protocol;
  • changing the owner of the digital asset hash[i], which entails the reregistration of rights of ownership to a digital asset for another Bitbon System User.