Market Signal

What Is LTO Network (LTO)?

LTO Network has established itself as Europe’s leading blockchain with strong real-world usage. It was founded on B2B enterprise solutions such as decentralized workflows, data \u0026 document verification and authentication. In 2021, LTO Network’s COBALT mainnet update expanded this solid base with the addition of Decentralized Identifiers (DID) and Verifiable Credentials (VC), putting LTO Network on the road of becoming a true layer-1 blockchain. In turn, Decentralized Identities and Verifiable Credentials are at the core of LTO Network’s newest focus; NFT2.0 technology, where people truly own and manage their NFTs in a decentralized way.

By utilizing its hybrid (2-layer) approach, LTO Network is natively GDPR compliant. This ensures easy compliance for companies around the world with ever-increasing privacy laws. Because of this, LTO Network enables developers and businesses to build Privacy Aware Decentralized Apps (PADA) and offers many unique opportunities for projects to explore.

Immediate plans for LTO Network include NFT2.0, decentralized identities/verifiable credentials driving KYC, expansions on already established projects and much more.

LTO Network Tech

LTO Network launched their mainnet in January 2019. It is a hybrid blockchain platform with a public permissionless layer and a private layer acting as private miniature blockchains for the parties involved in the process. Originally a fork from WAVES, LTO Network has been heavily modified and expanded upon for decentralized workflows and business process automatization. It continues to evolve and develop solutions to bridge observed gaps between the real world and the cryptospace, aiming to be a cross-chain base layer for distributed and collaboration dApps like Chainlink, origin trail, the graph, etc..