Sunday, January 6, 2019

What is LTO Network ICO?

LTO’s architecture is created to serve the logic behind Live Contracts, thus the node system is designed around four layers:

  • UI Layer: This consists of UI applications that interacts with the application layer
  • Application Layer: This contains all the services that handle actions triggered by events from the event chain
  • Private Chain Layer: This takes care of the decoupling of the node. Through the permissionless private chain every decentralized workflow utilises a different miniature private chain. Events are anchored as Proof of Existence on the bottom permissionless public blockchain layer
  • Public Chain Layer: This manages the public chain service, with a permissionless public blockchain based on Bitcoin NG that uses the novel Leased Proof of Importance staking to enable functional anchoring

The value of LTO Network is not in the groundbreaking technology, but in the novel approach to integrate blockchain into everyday business seamlessly and enhance the capabilities of traditional business, rather that disrupting the way they work and totally replace current systems them.


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