LTO Network

## What Is LTO Network (LTO)?

LTO Network has established itself as Europe’s leading blockchain with strong real-world usage. It was founded on B2B enterprise solutions such as decentralized workflows, data & document verification and authentication. In 2021, LTO Network’s COBALT mainnet update expanded this solid base with the addition of Decentralized Identifiers (DID) and Verifiable Credentials (VC), putting LTO Network on the road of becoming a true layer-1 blockchain. In turn, Decentralized Identities and Verifiable Credentials are at the core of LTO Network’s newest focus; NFT2.0 technology, where people truly own and manage their NFTs in a decentralized way.

By utilizing its hybrid (2-layer) approach, LTO Network is natively GDPR compliant. This ensures easy compliance for companies around the world with ever-increasing privacy laws. Because of this, LTO Network enables developers and businesses to build Privacy Aware Decentralized Apps (PADA) and offers many unique opportunities for projects to explore.

Immediate plans for LTO Network include NFT2.0, decentralized identities/verifiable credentials driving KYC, expansions on already established projects and much more. 


### LTO Network Tech

LTO Network launched their mainnet in January 2019. It is a hybrid blockchain platform with a public permissionless layer and a private layer acting as private miniature blockchains for the parties involved in the process. Originally a fork from WAVES, LTO Network has been heavily modified and expanded upon for decentralized workflows and business process automatization. It continues to evolve and develop solutions to bridge observed gaps between the real world and the cryptospace, aiming to be a cross-chain base layer for distributed and collaboration dApps like Chainlink, origin trail, the graph, etc..


### Multi-cypher

LTO Network has always prioritized integration with existing applications, which requires flexibility. Typically, blockchains support one cryptographic algorithm ("cipher") for signing. LTO Network utilizes the ED25519 standard.

While ED25519 is a common and well-supported standard, there are other algorithms that are also commonly used. Decentralized Identities allow for a whole range of ciphers, but often only a single one can be used due to limitation of the underlying layer.

Not LTO Network. In addition to the ED25519 standard, LTO Network also supports ECDSA with two curves.
1. secp256r1: a NIST standard, commonly used in applications, as well as SSL certificates.
2. secp256k1: a curve that is commonly used by blockchains, notably Bitcoin and Ethereum, but rarely used outside the world of cryptocurrencies.    

With multi-cipher support people can now use an Ethereum public / private key set to sign transactions on LTO Network, or as a Decentralized Identity verification method.


### Significant updates to LTO Network Mainnet

The following updates have been introduced to LTO Network:    
- [2019 Update - Smart Accounts](https://blog.ltonetwork.com/mainnet-vote-smart-assets-feature-4/)    
- [2020 Update - Associations](https://blog.ltonetwork.com/new-transaction-type-associations/)    
- [2021 Update - Cobalt](https://blog.ltonetwork.com/cobalt-update/)   


### How Is the LTO Network Secured?

The LTO Network is fully compliant with the European Union’s GDPR data protection law. The hybrid LTO framework allows private blockchains to be as scalable as possible while still having the security characteristics of the already widespread public blockchains. LTO Network is secured by the proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus algorithm.


### Who Are the Founders of LTO Network?

Firm24 initially began developing LTO Network as LegalThings One in 2014. In 2017, it decided to add blockchain to the product and rebrand it to LTO Network. 

* **CEO:** Rick Schmitz is an experienced entrepreneur and co-founder of LTO Network. Prior to that, he worked in private equity and mergers & acquisitions at Deloitte and PwC. 

* **CFO:** Martijn Migchelsen is CFO, COO and co-founder of LTO Network. Previously, he worked as a corporate finance consultant at PwC.

* **Lead Architect**: Arnold Daniels is co-founder and lead architect of the project. Arnold has extensive experience in open-source development and leads the core development team that is focused on building the platform that is LTO Network. Before LTO Network, Daniels worked as a lead software engineer at Cloud9.

* **CTO:** Sven Stam is the CTO of LTO Network. He has a master's degree in artificial intelligence and has been in the industry for over 15 years.


### What Makes LTO Network (LTO) Unique?

The two key features of LTO Network are easy-to-use live contracts and the implementation of the hybrid blockchain mechanism with anchorage.

The live contracts allow parties to create mutually beneficial agreements in real-time. When the parties come to an agreement and launch a live contract, the LTO parent system creates a special private blockchain in order to record the history of events and the contract’s current state.

When the agreement is fulfilled, one of the parties sends a response to the blockchain, and the other signs it, allowing the node to confirm that the action has taken place. All contract data is available only to its parties.

Live contracts allow users to register actions, add/remove participants and record discussions on the blockchain. They also make it possible to resolve conflicts and insert sub-processes within the framework of an existing agreement.

The blockchain functionality is divided into two layers: public and private. The private layer is designed for efficient collaboration, data exchange and process automation. In turn, the public layer provides high-level security, thanks to distributed nodes and a reward system.


### Related Pages:
- Learn more about [Decentralized Identity](https://coinmarketcap.com/alexandria/glossary/decentralized-identifier-did) on Alexandria.
- Learn more about [Non-fungible-token (NFT)](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) on Alexandria.
- [Understanding Decentralized Identities](https://blog.ltonetwork.com/understanding_did/)
- [Understanding Verifiable Credentials](https://blog.ltonetwork.com/understanding-the-verifiable-credentials/)
- [Decentralized Identities for DeFi? Definitely!](https://blog.ltonetwork.com/did-for-defi-definitively/)
- [The bigger picture with Decentralized Identities](https://blog.ltonetwork.com/bigger-picture-with-the-decentralized-identifiers/)


### How Many LTO Network (LTO) Coins Are There in Circulation?

LTO tokens, based on Ethereum’s [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard, provide liquidity and serve as a bridge for LTO Network customers. LTO can be used as placement on the network, to pay for transactions, or be passively retained for speculative purposes. Its circulating supply is 291,959,255 tokens as of November 2021.

There are four types of token holders: integrators and partners who keep the network operational and receive project coins as a reward; clients who use the chain and/or live contracts for transactions; passive stakers — private users who provide their technical capabilities to confirm transactions on the blockchain; inactive holders who are not part of the community and invest in the token for the purpose of future earnings.


### Where Can You Buy LTO Network (LTO)?

LTO can be traded on the following exchanges and more:    
- [Binance](https://coinmarketcap.com/exchanges/binance/)    
- [Kucoin](https://coinmarketcap.com/exchanges/kucoin/)    
- [AscendEX](https://coinmarketcap.com/exchanges/ascendex/)    
- [Bitrue](https://coinmarketcap.com/exchanges/bitrue/)    
- [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/)    
- [Gate.io](https://coinmarketcap.com/exchanges/gate-io/)    
- [PancakeSwap](https://coinmarketcap.com/exchanges/pancakeswap/)    
- [Bitvavo](https://coinmarketcap.com/exchanges/bitvavo/)    
- [Omgfin](https://coinmarketcap.com/exchanges/omgfin/)    




Trust Wallet

MetaMask

Binance Chain Wallet

LTO Network is an award-winning HYBRID BLOCKCHAIN

It can be used to Secure, Exchange, & Verify critical data, digital assets, and identities.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

CUDOS

Mines of Dalarnia

Adventure Gold

Turbo

Automata Network

SuperRare

Trias Token (New)

Tokamak Network

ChainSwap

Origin Protocol

Brainers

Wall Street Baby

Pullix

Cajutel

Redacted

Dusk

MANTRA

xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

The main goal of the platform is to build a system that will enable fast and seamless crypto and fiat transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

xMoney also aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.

By leveraging cutting-edge technology and a strategic partnership with MultiversX, xMoney empowers individuals and businesses to optimize their payment processes, drive growth, and deliver exceptional experiences to their customers. With its commitment to innovation and excellence, xMoney continues to lead the way in transforming the financial industry.

xMoney (UTK) native token and its tokenomics UTK 3.0 primary purpose is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This encourages more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.

xMoney

TrueFi

NULS

Reserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.

The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.

Reserve Rights

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

DIA is the governance token of the platform. It is currently based on ERC-20Ethereum protocol.

The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.

Phala Network is a coprocessor for blockchains. Developers deploy “Phat Contracts,” off-chain program for coprocessors, enhancing dApps with connectivity, internet access, and heavy computation, overcoming web3 constraints.

Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that any code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns with expanded developer language support such as JavaScript and more, and ready-to-deploy Templates for seamless Phat Contract integration, streamlining the experience for web3 developers.

Phala stands at the forefront of Web3 innovation, fostering development through its Builders Program.

Phala Network

Orion is a suite of decentralized finance (DeFi) trading products with instant access to aggregated centralized and decentralized exchange liquidity to provide users with real-time best asset prices in a seamless trading experience. Orion offers the non-custodial equivalent of a DEX with access to the best priced liquidity in the world, empowering people with financial responsibility on a global scale.

Orion

Celer is a blockchain interoperability
protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains. Developers can build inter-chain-native Dapps using the Celer Inter-chain Messaging Framework to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.

Celer Network

NKN (NKN), or New Kind of Network, is a network that focuses on creating a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks to share network bandwidth and internet connectivity. Its main objective is to address the challenges faced by today's internet, such as centralization, scalability issues and security concerns.

Web3's Decentralised Commerce Layer.
Sell physical things as redeemable NFTs, everywhere, online, in-game and in-verse.
We have solved the hard tech problems of tokenizing and twinning physical items, so you can focus on creating innovative Web3 commerce experiences for your customers.
Our no-code, low-cost tools make it easy to tokenize and sell physical products as NFTs everywhere, including your own Web3 store, the Metaverse, or on NFT marketplaces.
Redemption can be integrated into your own website, giving your brand full control of the customer experience.
With Boson, you can create phygital assets and token-gate purchases, allowing you to effortlessly develop engaging and rewarding digi-physical commerce experiences.
Buyers can redeem the NFT for the physical with the assurance that either they will receive the item or their money back- all without the need to trust intermediaries or sellers, just code and independent dispute resolvers.  Alternatively, Buyers can transfer, gift, trade or hold the NFT - just like any other NFT.
Boson is a groundbreaking technology recognized as a Technology Pioneer by the World Economic Forum. As a decentralized protocol, Boson is built for the benefit of and governed by its users. Consequently, Boson only charges a minimal 0.5% per transaction protocol fee.

Boson Protocol

Linear is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. The project opens traditional assets like commodities, forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of “Liquids” — Linear’s synthetic asset tokens.

The protocol consists of various products like Linear.Buildr, a DApp used to manage Liquids using Linear (LINA) and other tokens as collateral. The exchange is specifically created to enable trading of a variety of Liquids with rapid confirmation times and robust security.

LINA is an ERC-20 token built on the Ethereum network whose main purpose is as collateral for Liquids (using Buildr) and for community governance of the protocol. All token holders have access to the Linear DAO, enabling them to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.

The main goal of Linear is to provide a superior user experience with better scalability and greater speed thanks to the cross-chain capabilities of the protocol. Linear Finance intends to provide a simple solution for users that want exposure to traditional assets while still benefiting from the features enabled only by blockchain technology.

Linear Finance

Frontier is a chain-agnostic decentralized finance (DeFi) aggregator. The project aims to add DeFi support to several blockchains, including BandChain (BAND), Ethereum (ETH), Binance Smart Chain (BSC) and Harmony (ONE).

Frontier’s applications allow users to manage staking, DeFi positions, best-rate asset swapping, liquidity mining, and collateralized debt position (CDP) creation and monitoring.

In a nutshell, Frontier is bringing the core functions of DeFi to users, regardless of the platforms they use.

Frontier began development in April 2019, and the beta platform launched in November 2019.

Frontier

Vite has built a Directed Acyclic Graph (DAG) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes take only staking rewards and no transaction fees. Vite virtual machine maintains compatibility with EVM, and utilizes asynchronous smart contract language, Solidity++.

The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network, with users staking VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Producers (aka supernodes). In addition, a VITE staker with unused transaction quota can lease such quota to dApps in exchange for their tokens. For instance, users can stake VITE in exchange of ViteX’s native decentralized exchange token, VX.

Vite’s current products include a decentralized exchange (ViteX), a multi-purpose wallet application (Vite App), payments (VitePay), and government/enterprise blockchain applications (VitePlus):

ViteX is a decentralized exchange with on-chain orderbook and matching engine, and supports currently 20+ digital assets.

Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (e.g Vite-based games) in one place.

VitePay is a fast and feeless payment solution, currently available to use in Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network - Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store.

VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.

VITE

ARPA

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a blockchain-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.

IRISnet

Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.

The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.

Aergo

Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocol’s unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Story’s partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the ‘picks and shovels’ approach to investing in NFTs.

Chromia is a modular, relational blockchain platform that aims to make it easy for people to build decentralized applications (DApps). It was founded by ChromaWay, a company that has been working on blockchain solutions since 2014 for various sectors such as finance, real estate, gaming and public services. ChromaWay is also known for creating colored coins, which are user-defined assets on a blockchain that can represent anything from currencies to stocks to collectibles.

Chromia’s vision is to enable a new generation of DApps that can scale beyond what is currently possible and address real-world problems in various domains such as gaming, social media, finance, healthcare, education, governance, and more.

Some examples of DApps on Chromia include: My Neighbor Alice (ALICE), a multiplayer blockchain game; LAC PropertyChain, a land registry system; Green Assets Wallet, a platform for green bond verification; Hedget (HGET),  a decentralized options protocol; Corite (CO), a music streaming service; Chain of Alliance (COA), a strategy game; Vault12, a digital asset custody solution; Domenation, a blockchain gaming project.