LTO Network priceLTO

What is LTO Network (LTO)?

LTO Network is a leading blockchain platform in Europe with significant real-world applications. Its founding principles revolve around B2B enterprise solutions, including decentralized workflows, data document verification and authentication. Moreover, the COBALT mainnet update in 2021 brought Decentralized Identifiers (DID) and Verifiable Credentials (VC) to LTO Network, making it a promising layer-1 blockchain. The focus of LTO Network now lies in NFT2.0 technology, where people can truly own and manage their NFTs in a decentralized way, thanks to Decentralized Identities and Verifiable Credentials.

LTO Network's hybrid (2-layer) approach ensures GDPR compliance, making it easier for companies worldwide to comply with privacy laws. As a result, developers and businesses can build Privacy Aware Decentralized Apps (PADA) and explore many unique opportunities for their projects.

LTO Network is planning to expand on already established projects, drive KYC through decentralized identities/verifiable credentials, and introduce NFT2.0 technology in the near future.

What makes LTO Network (LTO) Unique?

LTO Network offers two key features that make it stand out: live contracts and the hybrid blockchain mechanism with anchorage. With live contracts, parties can create mutually beneficial agreements in real-time, and once an agreement is reached and a live contract is launched, the LTO parent system creates a special private blockchain to record the contract's history and current state. This private layer ensures that all contract data is available only to its parties while allowing them to register actions, add/remove participants, and record discussions on the blockchain. Live contracts also make it possible to resolve conflicts and insert sub-processes within an existing agreement. LTO Network's hybrid blockchain mechanism is divided into two layers, public and private, making it efficient for collaboration, data exchange, and process automation, while ensuring high-level security thanks to distributed nodes and a reward system.

What is the LTO Token?

LTO Network customers benefit from the versatility of LTO tokens, which serve as both a means of exchange and a store of value. Leveraging Ethereum's ERC-20 standard, LTO tokens can be used to facilitate network transactions, as well as held as an investment for potential gains in value.