Token Trading Platform Aims to Become Faster and More Scalable Ethereum Network

2018-11-21 12:00

CoinSpeaker
Token Trading Platform Aims to Become Faster and More Scalable Ethereum Network

Modern entrepreneurs are gaining an interest in Blockchain-based projects, although developing a business based on the distributed ledger technology poses certain challenges. Two of the biggest are slow speed for processing transactions and high fees. Following several unsuccessful Ethereum forks, token development platform LindaX seems to have found the secret ingredient for increasing transaction speed while also providing more affordable costs for gas.

On Ethereum, forks happen when developers provide spin-offs to the initial source code within the Blockchain. LindaX is a next-generation type of fork that seeks to speed transactions by up to 50% with the recent development of its proprietary Blockchain.

Ethereum Makeover with 50% Less Transactional Costs for Gas

Targeted at both business enterprises and developers, token development project LindaX introduces an Ethereum-like network where users can make their own tokens by leveraging a series of protocols. Made for corporations and LLCs, the platform follows consortium models to outline specific behaviors and on-chain ethics.

LindaX enables multi-layer networks developed to improve decentralization. At its core, the software integrates within the network’s main chain, thus creating a dynamic approach to developing tokens and Dapps.

The underlying technology is similar to Ethereum’s ERC20, although it provides the added benefit of a support system for developers. The platform helps with utility token development, but also with marketing and additional demands that companies might have when launching a token.

Initially an Ethereum fork, LindaX will operate on its own Blockchain powered by a PoA (proof of authority) consensus algorithm. Block time on LindaX is an estimate at 5 seconds per block, allowing the Blockchain to start at 179 transactions per second and beyond, as opposed to Ethereum which can only manage 6 transactions.

Consensus Algorithm that Doesn’t Require Mining to Secure the Network

LindaX uses a PoA (proof of authority) consensus engine, which will be supported on LindaX’s Virtual Machine (LXM). The reason why PoA has been chosen instead of PoW (proof of work) is because PoA doesn’t involve mining to keep the network secure. Furthermore, the platform relies on ‘validators’ to make sure transactions added to the blocks are viable, properly processed and executed on LXM.

The PoA protocol solves critical security issues commonly associated with PoS and PoW networks much more efficiently. By using validators that are known publicly, accountability and trust can be outlined more clearly. Validators are rewarded for services rendered on the network, and failure to do so leads to loss of rewards.

An integral part of the LindaX Blockchain is the LindaX TestNet, also known as ‘Trajectory”; a testing network that helps developers deploy Dapps and smart contracts with zero costs. By focusing solely on back-end development, the client can optimize their utility tokens to make sure they live up to their expectations. By easing the transition from the testing phase to the production phase, the whole development process becomes smoother and hassle-free.

LindaX’s Trajectory testnet provides a smoother transition to the LindaX mainnet, ‘Orbital’, the main blockchain powering the network by employing the PoA consensus protocol. Orbital demands all Dapps and smart contracts published to be reviewed and approved prior to being deployed publicly. 

LindaX is a product of P2P, proof-of-stake (PoS) digital currency Lindacoin. Its aim is to become a trusted international token development platform. All token proposals will be pre-vetted before being accepted onto the network to ensure transparency and security.

LindaX held its ICO pre-sale for Lindacoin holders in August 2018 when all 3M LX tokens were sold out in 12 hours. Upcoming milestones include launching the LindaX proprietary wallets, ‘Trajectory’ testnet and ‘Orbital’ mainnet at the beginning of 2019.

Token Trading Platform Aims to Become Faster and More Scalable Ethereum Network

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Sharpe Platform Token (SHP) на Currencies.ru

$ 0.0004599 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0004599 - H: $0.0004599
Капитализация $8.007k Rank 99999
Цена в час новости $ 0.0692884 (-99.34%)

platform token ethereum scalable aims trading network

platform token → Результатов: 126


Фото:

Safemoon Price Tumble After Bitmart Hack, While Bitrise Coin Skyrocketing

– Bitrise platform comes with innovative tokenomics – The platform offers attractive rewards to investors – Automated token buyback and burning process that creates token scarcity Bitmart hack is still a big talk in the crypto market and more so on the cryptocurrencies that lost assets and those that managed to keep the hacker away.Read More

2021-12-9 11:00


Фото:

The Video Coin Guide: Polymath Security Token Platform

In today’s Crypto Briefing video presentation, Kiana Danial offers a brief introduction to the Polymath cryptocurrency token and platform. Since it is Digital Securities Week here on the site, we figured that we should acknowledge one of the trailblazers in the field, while also noting that they were their own ICO was compliant with SEC […] The post The Video Coin Guide: Polymath Security Token Platform appeared first on Crypto Briefing.

2018-11-22 18:00


KuCoin Announces Its Listing Of Decred (DCR) To Their State-Of-The-Art Platform

KuCoin’s promising blockchain asset exchange has once again proven its success as they have listed another unique blockchain based project token, the DCR. DCR is the transaction token of Decred, an autonomous digital currency powered by the blockchain technology Decred (DCR) token is now open for deposit with trading pairs DCR/BTC and DCR/ETH.

2018-9-12 13:07


Binance and Malta Stock Exchange Announce Partnership to Build Security Token Exchange

MSX PLC, the Malta Stock Exchange’s crypto-focused branch, has signed a Memorandum of Understanding (MoU) with Binance to build a security token exchange, as revealed by MaltaToday. A New Age For Crypto The platform is looking to take advantage of the Malta Stock Exchange’s long-term experience in the trading market while combining with Binance’s worldwide… The post Binance and Malta Stock Exchange Announce Partnership to Build Security Token Exchange appeared first on UNHASHED.

2018-9-12 04:33


Фото:

Binance Follows OKEx In Setting Up Malta Security Token Exchange

Cryptocurrency exchange Binance has signed a deal with the stock exchange of its new home Malta to host traditional assets using blockchain-based security tokens. Malta ‘Taking The Helm’ In a press release September 11, MSX, the fintech and digital asset subsidiary of the Malta Stock Exchange confirmed it had signed a memorandum of understanding (MoU) with Binance to launch the security tokens trading platform.

2018-9-11 20:00


Cuprum ICO

Cuprum Token is a blockchain-based trading platform for trading and exchange of copper. Launched by leading Russian mining facility CUPRUM GROUP, the platform extends the opportunity to buy half price digital copper backed by real copper that will be produced at the facility.

2018-9-11 02:03


Фото:

US Regulators Approve Winklevoss Twins’ Fiat-Backed Stablecoin Gemini Dollar

New York regulators have given the green light to Tyler and Cameron Winklevoss’ first cryptocurrency, a stablecoin attached to their trading platform Gemini. Solving Stablecoin ‘Trust Problems’ As Forbes reports on September 10, the token, the Gemini Dollar, will have the backing of investment bank State Street, which takes custody of the fiat dollars it is backed by.

2018-9-10 19:00


PAPLE ICO

The PAPLE Platform takes an initiative against food adulteration, promoting organic food and dairy industry. We strive to provide healthy food for a healthy society. We plan to create a transparent, simple solution to supply chain for farmers, retailers, and consumers.

2018-9-6 05:33


PATRON Project Announces New Exchange Listings, Token Burn, and Buyback Program

Japan-based PATRON is proud to announce several new updates for their project, including new exchange support, as well as a token buyback program and the burning of tokens. Disclosure: This is a Sponsored Article Exchange Listing Details PATRON’s influencer marketing platform, fresh off the success of a $40 million token sale, is continuing their momentum […]

2018-9-2 15:30