LTO Network is a privacy-conscious Layer-1 blockchain that focuses on Real World Assets, Data Security, and Identity Solutions. This platform is crafted to enhance the efficiency and security of business processes. It marries a public layer for transparency with a private layer for securing data, ensuring adherence to GDPR and MiCA regulations. This dual-layer system is perfect for enterprises that need to maintain data privacy while meeting regulatory requirements. Additionally, LTO Network enables the tokenization of Real World Assets through its Ownables technology, allowing assets to be integrated into the DeFi and Web3 ecosystem. LTO Network's KYC services are designed to ensure compliance with anti-money laundering legislation and provide Proof-of-Humanity services to safeguard Web3 and DeFi platforms against bots.
Upcoming plans for LTO Network include the tokenization of Real World Assets, expansion of the Ownables initiative, and further development of existing projects, among other goals.
How Is the LTO Network Secured?
LTO Network adheres fully to the EU's GDPR data protection standards and MiCA regulations. Its hybrid framework allows private blockchains to achieve maximum scalability while retaining the security features of popular public blockchains. The network's security is ensured through the proof-of-stake (PoS) consensus mechanism.
Who Are the Founders of LTO Network?
LTO Network was initially developed by Firm24 under the name LegalThings One in 2014. It was rebranded to LTO Network in 2017 when blockchain technology was incorporated into the product.
* CEO: Rick Schmitz is a seasoned entrepreneur and one of LTO Network's co-founders. His background includes experience in private equity and mergers & acquisitions with Deloitte and PwC.
* CFO: Martijn Migchelsen, serving as CFO, COO, and co-founder of LTO Network, previously worked as a corporate finance consultant at PwC.
* Lead Architect: Arnold Daniels is a co-founder and the lead architect of the project. With significant expertise in open-source development, he heads the core development team responsible for building the LTO Network platform. Prior to LTO Network, Daniels was a lead software engineer at Cloud9.
* CTO: Sven Stam is the CTO of LTO Network, bringing over 15 years of industry experience and holding a master's degree in artificial intelligence.
What Makes LTO Network (LTO) Unique?
LTO Network stands out due to its user-friendly live contracts and a hybrid blockchain approach featuring anchorage.
Live contracts enable parties to form real-time agreements that are mutually advantageous. Once an agreement is reached and a live contract is activated, the LTO parent system creates a dedicated private blockchain to document the event history and current status of the contract.
When the terms are fulfilled, one party sends a response to the blockchain, and the other party signs it, confirming that the action has been executed. Only the involved parties have access to the contract data.
Live contracts allow actions to be registered, participants to be added or removed, and discussions to be recorded on the blockchain. They also facilitate conflict resolution and the insertion of sub-processes within existing agreements.
The blockchain is structured into public and private layers. The private layer promotes efficient collaboration, data sharing, and process automation, while the public layer offers robust security through distributed nodes and a rewards system.
How Many LTO Network (LTO) Coins Are There in Circulation?
LTO tokens, which follow Ethereum's ERC-20 standard, ensure liquidity and act as a bridge for users of the LTO Network. These tokens can be used for network participation, transaction fees, or held passively for investment purposes. As of November 2021, there are 291,959,255 tokens in circulation.
The token holders can be classified into four categories: integrators and partners who maintain network operations and receive tokens as incentives; clients who use the blockchain or live contracts for transactions; passive stakers, who are private individuals contributing their tech resources to validate blockchain transactions; and inactive holders, individuals who invest in the token for potential future profits without engaging in community activities.
Where Can You Buy LTO Network (LTO)?
LTO can be traded on a variety of exchanges, including:
- Binance
- Kucoin
- AscendEX
- Bitrue
- Uniswap (V2)
- Gate.io
- PancakeSwap
- Bitvavo
- Omgfin
