OVERVIEW OF LTO NETWORK

in #blockchain5 years ago

lto_network_airdrop.jpg

Good day guys, I hope you are having a great time. Has in my last article I wrote about LTO Network as a hybrid Hybrid blockchain for decentralized workflows. If you haven't read it do well to take your time and read the article. I talked about the primary purpose of LTO Network and the advantages on the blockchain as a whole. Today I will be elaborating on the layout and process involved in LTO Network.

LTO Network is a HYBRID blockchain platform for creating decentralized workflow applications while maintaining data privacy and GDPR compliance. The LTO Network will make use of Live contract to implement trаnѕраrеnсу and efficiency whіlе still mаіntаіnіng lеgаl compliance into the blockchain. As we all know that businesses and organizations are high importance in every aspect, this has come to the blockchain also which businesses are gradually implementing the blockchain technology in making transactions but still facing problems of transparency and violation of legal compliance, having seen this business and organization has been sued which has made them lose huge amounts of money on lawsuits. As a result most businesses has stop the usage of the blockchain for their transactions this also has generally affected both parts, leading to less investors in the blockchain and also slow transactions in business as well. This is why LTO is here to balance the two parties using it designed and capable network to implement transparency, efficiency and legal compliance to the blockchain, with this industries and businesses can use the blockchain for any transaction which won't violate any legal compliance.

Screenshot_20190119115244.jpg
The LTO Network is built to carry out series of tasks which will benefit all, transparency made on the network are documented and stored as data which is private to the organization and can only be shown to third-parties if the option granted by the organization. Organizations Transactions made on the LTO Network undergoes a LTO private chain, which is used to timestamp and anchor data and events. The private chain is can only be seen by both participants. And the public chain reveal all transactions and can be seen by anyone. The LTO Network through the nodes allows Peer to peer communication which allows individuals or organization to set events and message it privately through the private chain to other organization. This will facilitate privacy and disallow spreeding private events publicly.

The LTO Network uses the live contracts to automate process and making transactions transparent this as a result will verify all processes made on the LTO Network rendering accurate transaction and management. Making use of LTO Network in by organizations makes it feel like transaction in real life. LTO Network enables organizations to run B2B-workflows in a decentralized way, where parties participate via their own node. This node allow both parties to make an agreement which is monitored and registered on the node and also allows the execution of this agreement which must be taking in the right way as agreed. The node comprises of User Interface, Event Service, Application Services, Message Queue for Private Blockchain, all of this works together to make up the node and every services has it uses. The Live Contracts contain instructions for both humans and systems on the actions that need to be executed. All parties involved in the Live Contract validate each others actions and secure data submissions. The agreement made on the node is also private and must be right with the legal compliance.

TOKEN INFORMATION
Total token supply : 500,000,000 LTO
Tokens for all sale stages : 210,000,000 LTO
Crowd Sale target : 72,500,000 LTO / 17,683ETH
Crowd sale starts : January, 14 at 11:00 AM UTC
Crowd sale ends : January, 16 at 11:00 PM UTC
Token Price : $0.03

TOKEN DISTRIBUTION
Ecosystem Fund :15% (75,000,000)

Foundation: 10% (50,000,000)

Pre-Sale And Crowdsale: 29% (145,000,000)

Advisors: 4% (20,000,000)

Marketing & Partners: 12% (60,000,000)

Team: 17% (85,000,000)

Seed: 13% (65,000,000)

TEAM
Screenshot_20190116-183458.png

For more information about LTO Network, visit the links below

Website: https://lto.network

Whitepaper : https://lto.network/documents/LTO%20Network%20-%20Token%20Economy.pdf

Medium: https://medium.com/ltonetwork

Twitter: https://twitter.com/ltonetwork

Telegram: https://t.me/joinchat/AJWQTUDKtDlsuGHVFb40eQ

Writer’s Name : Atteh

Email address: [email protected]

Sort:  

Congratulations @atteh! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 2000 upvotes. Your next target is to reach 3000 upvotes.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70541.68
ETH 3582.21
USDT 1.00
SBD 4.74