Topic: [ANN][ICO FULLY SOLD]Lightchain|Double-Layer Structure|100,000 Query/sec| - page 3. (Read 1033 times)
January 11, 2018, 07:22:22 PM
This is just a marketing stunt that mode ME fell over the edge of my Seat . Obviously ICO was over with 100% token sold. And it makes ME wonder is it a private sale that occured?
January 11, 2018, 07:05:46 PM
Rip off of Bitcoin Lightning network. Happens to be sold out on the day of the announcement. Just another erc20 garbage token. Thanks a lot, Vitalik.
January 11, 2018, 07:03:15 PM
Reserved
January 11, 2018, 06:52:57 PM
ICO missed, why post this here so late ?
January 11, 2018, 06:48:48 PM
Hello,
So how decentralized are sub-chains? When you say in memory databases you mean SQL servers? In that case what happens if those servers are taken down?
So how decentralized are sub-chains? When you say in memory databases you mean SQL servers? In that case what happens if those servers are taken down?
January 11, 2018, 06:10:59 PM
Today is the day of whole lot of interesting new projects it seems. Looking forward to look into the whitepaper, roadmap etc. Also looking forward for airdrops and bounties.
January 11, 2018, 06:08:37 PM
Lightchain is give ETH for joining their telegram. You can even earn more ETH by referring your friends.
For more details on the airdrop, visit https://bitcointalksearch.org/topic/closedico-fully-soldlightchaindouble-layer-structure100000-querysec-2732316
For more details on the airdrop, visit https://bitcointalksearch.org/topic/closedico-fully-soldlightchaindouble-layer-structure100000-querysec-2732316
January 11, 2018, 06:08:30 PM
After discussion with my friends, this is our project summary:
Light Chain (LIGHT) is designed to be the world’s first double-layer chain. The LIGHT network is composed of one prime-chain and numerous sub-chains. The prime-chain works like bitcoin to provide an immutable and transparent super-ledger while sub-chains provide a fast network (performance level of 100k query per second) under the prime chain, it syncs up with the prime-chain on a regular basis. and is suitable for all applications including high-frequency transaction.
By solving the scalability and performance problem of decentralized networks (e.g. Bitcoin and Ethereum), LIGHT’s double-layer structure can be utilized to all applications in mankind.
The Light Coin:
In LIGHT’s ecosystem, we preset a constant number of Light Coins. Similar to the bitcoin and Ethereum systems, miners are rewarded by Light Coin through PoW on the prime-chain;
- Gas is burned every time the sub-chain syncs up with the main-chain. The gas is rewarded to miners;
- A certain number of Light Coins must be pledged when a sub-chain is created. The pledged Light Coins can be used as Gas in the sub-chain, and the number of LIGHT Coins pledged grows over time
Light Chain (LIGHT) is designed to be the world’s first double-layer chain. The LIGHT network is composed of one prime-chain and numerous sub-chains. The prime-chain works like bitcoin to provide an immutable and transparent super-ledger while sub-chains provide a fast network (performance level of 100k query per second) under the prime chain, it syncs up with the prime-chain on a regular basis. and is suitable for all applications including high-frequency transaction.
By solving the scalability and performance problem of decentralized networks (e.g. Bitcoin and Ethereum), LIGHT’s double-layer structure can be utilized to all applications in mankind.
The Light Coin:
In LIGHT’s ecosystem, we preset a constant number of Light Coins. Similar to the bitcoin and Ethereum systems, miners are rewarded by Light Coin through PoW on the prime-chain;
- Gas is burned every time the sub-chain syncs up with the main-chain. The gas is rewarded to miners;
- A certain number of Light Coins must be pledged when a sub-chain is created. The pledged Light Coins can be used as Gas in the sub-chain, and the number of LIGHT Coins pledged grows over time
January 11, 2018, 06:07:55 PM
Problems in Real World
The emergence of blockchain technology brings us enormous benefits, but the performance and scalability issues makes it difficult for blockchain technology to be widely adopted. We can truly embrace the benefits of blockchain technology only when we solve the performance and scalability issues.
Solution
We propose a solution to the performance and scalability problems. Light Chain (LIGHT) is designed to be the world’s first double-layer chain. The LIGHT network is composed of one prime-chain and numerous sub-chains. The prime-chain works like bitcoin to provide an immutable and transparent super-ledger while sub-chains provide a fast network under the prime chain, it syncs up with the prime-chain on a regular basis.
LIGHT’s double-layer structure keeps the benefits of immutability and transparency of information, while providing a performance level of 100k QPS (query per second), which is enough for even the high-frequency transactions of 2017. LIGHT’s double-layer structure is composed of a prime-chain and numerous sub-chains. The prime-chain is the mother chain, and there is only one prime-chain in LIGHT’s network. Sub-chains are independent from each other, and the number of sub-chains can be expanded when necessary. The prime-chain is a decentralized and distributed network that is immutable and transparent to the public. Sub-chains are based on a PoM (Proof of Machine) validation model, combined with an in-memory database, to achieve substantial improvements in performance.
LIGHT’s double-layer structure keeps the benefits of immutability and transparency of information, while providing a performance level of 100k QPS (query per second), which is enough for even the high-frequency transactions of 2017. LIGHT’s double-layer structure is composed of a prime-chain and numerous sub-chains. The prime-chain is the mother chain, and there is only one prime-chain in LIGHT’s network. Sub-chains are independent from each other, and the number of sub-chains can be expanded when necessary. The prime-chain is a decentralized and distributed network that is immutable and transparent to the public. Sub-chains are based on a PoM (Proof of Machine) validation model, combined with an in-memory database, to achieve substantial improvements in performance.
Token Sale
Due to popular demand, ICO has been over subscribed and tokens have been fully sold.
Roadmap
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