TMSR Holding to Work on a White Paper on Code Chain Technology under Leadership of Dr. Wei Xu
NEW YORK, April 13, 2020 /PRNewswire/ -- 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.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as "may," "could," "would," "plan," "anticipate," "believe," "estimate," "predict," "potential," "expects," "intends", "future" and "guidance" or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based upon management's current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the Company's control that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company's actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's public filings with the Securities and Exchange Commission, including the Company's annual report on 10-K. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable law.
For more information, please contact:
Mr. Yi Li Chief Financial Officer TMSR Holding Company Limited Tel: +86-21-3258 3578 Email: email@example.com