Review on LTO Network by francis fernandez
LTO Network: mixed platform that provides business technology solutions
LTO Network constitutes a decentralized ecosystem that provides blockchain technology solutions to trade organizations; for the safeguarding, validation and exchange of valuable data using immutable encryption.
Token:
The digital asset of the network is known as LTO, an ERC-20 token hosted on the Ethereum chain.
The network represents a multifunctional tool for companies, offering a wide range of services, such as:
Sharing information privately on a peer-to-peer network.
It is used to generate intelligent certificates for the verification of critical data using NEN and ScanTrust protocols.
It allows any user to be part of the network through the easy execution of nodes.
Serves as a means of earning income as a network validator.
Functioning:
LTO Network has an infrastructure that combines a public chain with private chains to allow direct actions between companies that guarantee the creation of applications that are backed by the Data Protection Regulation (GDPR).
The network develops a private layer adaptable to the needs of private users and a public layer of decentralized operation that unlinks the transfer of information from the consensus of the chain; this layer acts as a virtual hash tax. By incorporating NG computer code, rapid transaction recognition is achieved to enable integration of business data to the network.
Technology:
In addition to the protocols and consensus mechanisms used by the LTO Network chain; live smart contracts play a key task in executing specific functions. This includes creating solutions to particular business situations
Pros
- It allows to protect valuable data of the organizations.
- Represents a useful business tool to create blockchain solutions
- Allows you to verify and exchange valuable business information
- It is backed by the Ethereum chain
Cons
- The value of the cryptocurrency is subject to market volatility
