LTO Network - Hybrid blockchain built for business

No matter how popular this or that technology is, it, like all its predecessors, goes a long and thorny way to its mass adoption, and universal approval in society. It is not necessary to go far as it is enough just to remember how mankind initially reacted negatively to electricity, the internal combustion engine, the first car, the first plane, space flight, the Internet, artificial intelligence and finally blockchain technology. Over the past 10 years, the blockchain has brought a lot of hype around its "person", however, there are still those who claim that this technology does not Shine anything good. Since almost all crypto enthusiasts are fixated more on the multi-million dollar speculation of the crypto-coins themselves than on the increased interest in the technology itself. 

Problems

All these skeptical movements form a whole layer of society with a similar vision of the situation, but still there are those who believe in the effectiveness of the blockchain structure and is trying to prove it in practice. After all, as we all know, many blockchain projects are focused on making a profit, by providing some tools. While the world has long needed simple working tools with which to resolve the simplest working and inter-organizational issues. Since it is in their structures lies a huge problem associated with reliable data transmission, as well as honest conditions of cooperation. 

The project, the concept of which we will consider today, wants to implement its blockchain system just the same to solve all the above problems, and this project is called LTO NETWORK. 

About the project

LTO NETWORK is a decentralized platform that differs from all its predecessors in having working tools available to a large number of corporate clients as well as their intermediaries. All these tools are aimed only at the solution of all business relations, allowing to improve each individual direction in tenfold size. At the same time ensuring reliable and transparent relationship of all parties involved. 

To achieve all this, LTO NETWORK will allow blockchain technology, which has all the necessary technological qualities to provide an effective, safe and confidential environment. Within the framework of which all working corporate and inter-sectoral relations will become decentralized B2B. 

Advantages and features

The main distinguishing criterion of the LTO NETWORK from its predecessors will be its Live contract, which is significantly different from the well-known Ethereum smart contract. Although the Live contract will have a similar function as an invariable blockchain structure that allows you to fix the terms of interaction of all participants in this agreement, while differing in the final zero value of confidentiality and the decision in the future of all disputes, through the authorized party to one or another business party. This contract will finally settle all inter-organizational processes between organizations and any other businesses that regularly enter into working-business relationships, but they do not have all the reliable tools to protect their rights and any other working features in the course of communication with the other party. Therefore, the Live contract will allow them to finally acquire a transparent basis for all official documents and agreements, as well as to resolve all disputes in the future with the help of them. 

Another advantage of LTO NETWORK can be considered its powerful technological structure, which is able to simultaneously support both private and global blockchain network. At the same time, the whole accompanying security and identification procedure interacts with the LTO NETWORK (identical to NXT algorithms) and responds through the transaction chain in less than one minute. Thus, we are once again convinced that LTO NETWORK is fully ready for use in many financial, government and business areas, now, and not in some 10 20 years. 

Moreover, for enterprises, the use of LTO NETWORK in their working structure has its own benefit, since they will finally acquire: reliable, transparent and safe tools, and will be able to control absolutely all transactions within their organization, which will naturally be able to eliminate significant financial problems in solving some controversial and corrupt moments, as well as to solve all these processes quickly and. 

Token

As for the internal token, with which it will be possible to purchase various goods and services of LTO NETWORK, it can be divided into two parts. The first part of LTO coins was released through the LTO blockchain network, in order to provide at the initial stage of development of the entire project, decent liquidity and act as a kind of guarantor for users in the course of private sales. As for the second stage, the developers decided to release another LTO token, but already on the ERC-20 standard, in order to conduct a public crowdsale. If we talk about some figures more specifically, then the founders made a restriction on the total supply of their coins, which does not exceed the value of 500 million LTO units. More information about the coin can be found on their official website. 

Conclusion

To sum up, it is important to note that the LTO NETWORK project itself is already a continuation of the successfully operating organization, which has been successfully engaged in its activities for 4 years. And the decentralized hybrid concept of LTO NETWORK is its qualitative addition, as the world needs new technological tools that can be used now.

Of course, the idea of LTO NETWORK project is much deeper and more interesting, however, I tried to highlight the most important points from which you will be able to draw some conclusion as to whether you are interested in this project or not. But still, I consider it my duty to remind you that my articles are purely informational in nature and do not call you to any action. Therefore, for a more detailed analysis, I have prepared a list of official resources of LTO NETWORK, links of which you will find under the text of this article. Thank you for your attention and good luck! 

Official resources of the LTO Network project:

WEBSITE: https://lto.network
TELEGRAM: https://t.me/joinchat/AJWQTUDKtDlsuGHVFb40eQ
WHITEPAPER: https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf
TWITTER: https://twitter.com/ltonetwork
MEDIUM: https://medium.com/ltonetwork
REDDIT: https://www.reddit.com/r/livecontracts/
YOUTUBE: https://www.youtube.com/channel/UCaHcF-xterKYTKSpY4xgKiw
GITHUB: https://github.com/legalthings 

Author: Zee MinHo

My BitCointalk profile:   https://bitcointalk.org/index.php?action=profile;u=2591339;sa=summary 

My ETH: 0x46025d00C3b8F2d00616713CfE6438eC6F098542