(MENAFNEditorial) iCrowdNewswire - Jan 23, 2018
According toofficial resources of OKEx, the global cryptocurrency exchange, LIGHT has beenrecently launched.
At15:00,January 19, LIGHT recharging was opened. At19:00,January 19, LIGHTtransaction was rolled out. At18:00,January 22, LIGHT withdrawalswill becomeavailable.
LIGHT is supported and favored by fans of the coin circle as the world'sfirst double-layer chainandfor havingmillisecond transaction speed.
There are still many problems with the blockchain projectstill in its beginning stages, such as poor system scalability, low transaction efficiency, excessive power consumption,andrisk exposure in deep applications, which have not yet been effectively solved and, thus,put restrictions on further development of the blockchain project. Under the circumstances, LightChain - the world's first double-layer chain - was born with the mission to solve such problems.LightChain will effectively overcome suchdifficult situationsand create a new era of the blockchain.
The world‘s firstDouble-layer Chainemerges
The biggest highlight of LightChain is that it adopts the double-layer chain architecture technology for the first time in the world.The double-layer chain, as its name implies, consists of two layers of chains - the prime-chain and the sub-chain, where there is only one prime-chain similar to the basic principle of traditional public chain and there is one or more sub-chains independent of each other and arbitrarily expanding. In the past, all the blockchain projects adopted thesingle-layer chainarchitecture technologies, such as Bitcoin and Ethereum.In terms of the single-layer chain architecture, a series of work including all the information circulation, recordingandstorage will be completed in the blockchain system with single architecture, so it is difficult to access other applications with relatively slow transaction speed and poor performance expansion.
Nowadays, LightChain creatively utilizesdouble-layer chainarchitecture, the prime-chain continues to maintain the advantages of the previous blockchain technology - effectively ensuring that the super-book records are not tampered with while the sub-chains can becontinuouslyexpanded and arbitrarily adjusted based on the needs of real-lifescenariosso that the systemcanbe improved in flexibility and scalability.
Millisecond-leveltransactiontakes the lead in the market
With the strong support of the double-layer chain architecture technology, the LightChain can run at speeds up to 10wQPS while effectivelykeepingsuper-book records not to be tampered with. This revolutionary achievement will make theLightChainstandout from many blockchain projects. In the double-layer architecture of the LightChain, the system makes use of Proof of Machine (PoM) validationto ensure that data can be processed in time and takes use of In-Memory database cache to effectively improve the cache efficiency and, thus,greatly improve the performance.
In addition, the transaction record periodicity of sub-chains keeps pace with that of the prime chain to ensure that the parent chain has complete transaction records of the whole network, which will be updated in packages. In this process, the records in the data packet have been checked in the sub-chains;thus the prime-chain can be updated directly without check for the second time, which thereby greatly enhances the operation efficiency. Thus, it can be seen that the millisecond transaction becomes feasible withtheapplication of the advanced concept of thedouble-layer chainand, accordingly,further promotes the development of the blockchain in an in-depth manner.
A legend created by an excellent team
A cutting-edge project cannot be successfully launched without the hardworkof the supporting team. Similarly,theLightChainproject is an innovative achievement and the entire LightChain team closely follows the trend of the times, grasps the pulse of the times anddoes extensive research. LightChain has an experienced international R & D team that includes more than 40 scientists and engineers who have been working in the area of blockchain, digital currency and other fields, led byJason Jia, a senior scientist at Baidu.
According to the object design,the LightChainproject will be implemented in four stages: in stage 1, the team will focus on the performance of the blockchainand a large number of performance and security tests on PoW and PoSwill be conducted. Stage 2 ofthe LightChainproject was formally launched onthebasis of prior technological preparations. Thisyear,the LightChainproject will enter into stage 3 and a series oftasks willbe carried out, such as founding of the Foundation, closed beta testing of LightChain, open testing of LightChain, formal release of LightChain (v1.0) and formal opening of LightChain to DAPPs.Upon completion of the above works, the teamwillstart to build the ecosystem of LightChain in stage 5. It can be seen that theLightChainproject cannot be accomplished overnight andhasto be based onthesteady and gradualworkof the team.
Stage1
2015:Theteam started to study performance of BlockChain
2016:Theteam carried out many performance and safety tests on PoW and PoS
Stage 2
2017:TheLightChainproject was formally launched
Stage 3
2018 Q1:Thefoundation ofLightChainwill be established
2018 Q2:The closedbeta test willbegin
2018 Q3：Theopen beta test willbegin
2018 Q4:Theformal version ofLightChain(v1.0)will be released
2018 Q5: LightChain will be formally opened to DApps
Stage 4
LightChain,innovatively applyingthe double-layer chainarchitecture technology, brings extraordinary experience in millisecond-level transactions while setting up a bridge between the real world and the parallel world and it's looking forward to discovering the future development of LightChain.
Contact Information:
http://www.bitcoininsider.org/category/lightchain-corporation
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