The world is heading to an era of complete digitalisation, where traditional fiat currencies are getting replaced with digital currencies and a sneak peek in the large scale decentralised blockchain revolution with the mass adoption in the future in diversified fields.
Locus Chain Foundation Pte. Ltd is the leading next-generation blockchain technology and digital currency developed by a team of veteran developers of South Korea. Bloom Technology, the professional gaming company in South Korea, manages the development of Locus Chain and is expanding its business scope to consulting and related infrastructures that apply blockchains to government and industry sectors. Locus Chain was established with the goal of becoming the fastest, highly secured and most reliable and fully decentralised blockchain in the world.
Locus Chain has achieved a new era in the Blockchain world by achieving the “DAG-BFT’ (Direct Acyclic Graph-Byzantine Fault Tolerance) Finalized Consensus algorithm. The two main goals of decentralisation and the fast transaction are achieved by incorporating a stake-based proof of stake together with Delegated Proof of Stake(PoS+DPoS) scheme combined with VRF-PBFT(Verifiable Random Function based Practical Byzantine Fault Tolerance). Smart Contracts will improve the reliability of the transaction. Without concentration of Power, Locus Chain will improve the speed, capacity and reliability.
Locus Chain is The Practically Usable Public Blockchain that has resolved the blockchain trilemma in a public network.[Blockchain Trilemma]
Blockchain technology promises to improve mutual trust and security in our hyper-connected society. There remain unsolved challenges, however, that hinder widespread adoption. For widespread adoption, a public blockchain must resolve three technical challenges. Many existing blockchains attempt to resolve these issues. However, none resolve all three challenges in a public network.[Locus Chain has resolved the trilemma]
Locus Chain has resolved the blockchain trilemma in a public network. By achieving scalability and security in a decentralized public network, Locus Chain catalyses expansion into new markets. Locus Chain enables a broad variety of interaction mechanisms thanks to the unlimited scalability of its public network.
How does the Locus Chain resolve these technical challenges?
Locus Chain has achieved scalability in its decentralized public network by overcoming the following challenges.
Challenge 1: SPEED
Popular blockchains today have well-known limitations in SPEED. Locus Chain achieves SPEED by adopting a DAG ledger structure.
Challenge 2: STORAGE
In addition to speed, a practical blockchain must address the issue of STORAGE. Locus Chain aims to resolve the STORAGE issue via Verifiable Pruning
Challenge 3: NETWORK SCALABILITY
A practical blockchain must also address the issue of Network Scalability. Locus Chain aims to resolve the Network Scalability issue via Dynamic Sharding
Challenge 4: DECENTRALIZATION & SECURITY
Locus Chain achieves Decentralization and Security by implementing BFT based on DPoS.
Locus Chain team expects that the attacks utilizing the quantum computing power can be a threat to the existing security and cryptography system. Team has collaborated with Top-notch university labs and have the resistance and tolerance against quantum computing.
With an experienced technical and business team, advance technological designs and strong key advisors and strategic partnerships, Locus Chain will be the blockchain protocol of choice for the countries and top tier traditional companies