The Lithosphere Network.

aisyah-rahayu (30)in #crypto • 3 years ago

#Litho #KaJLabs #crypto #blockchain #AI #deeplearning #bitcoin #DefiNft

About the Lithosphere Network project?

Lithosphere’s goal is to establish a platform-level public chain in the digital economy era that as a key infrastructure for value transfer, can connect all kinds of values, provide complete financial functions, communicate diverse communities and tokens, and bridge the centralized and decentralized organizations to bring the Internet of Values as early as possible with a combination of AI & Deep Learning. This blockchain, which connects all tokens, does not require complex logic for various application scenarios. Its purpose is to create a layer of management across all blockchains, enabling all tokens to interact. Because it does not need to run heavy application logic, in its current usability it is capable of fulfilling various DeFi functions.

Deep Neural Networks (DNNs)

For the first time in smart contracts, Lithosphere implements DNN to make smart contracts intelligent by incorporating large-scale deep neural networks (DNNs) into the code, which has numerous potential applications. For instance, in decentralized finance (DeFi), a DNN might help detect abnormal token price movements, which could be part of a flash-loan attack. A decentralized autonomous organization (DAO) might trade tokens automatically with a DNN trained continually through reinforcement learning. A content creator might apply a generative adversarial network (GAN) to generate visual art images, and subsequently tokenize them as non-fungible tokens (NFTs) tradable in a decentralized exchange.

Proof of Stake

In classical Byzantine fault-tolerant (BFT) algorithms, each node has the same weight. In Lithosphere, nodes have a non-negative amount of voting power, and nodes that have positive voting power are called validators. Validators participate in the consensus protocol by broadcasting cryptographic signatures, or votes, to agree upon the next block. Validators’ voting powers are determined at genesis, or are changed deterministically by the blockchain, depending on the application. For example, in a proof-of-stake application such as the LithoSwap, the voting power may be determined by the amount of staking tokens bonded as collateral.

LEP100 Token Standard

LEP100 is the token development standard for the Lithosphere network proposed by Lithosphere creator, Joel Kasr. It is like Ethereum’s ERC20 with a friendly standard to allow anyone to use digital currencies or tokens in the Lithosphere network. You can also peg onto any networks by using any leading digital assets when you peg them with the LEP100 tokens.
The token is multi contract-compatible and has basic functionality like transferring, returning a balance, and viewing possession for a token. Unlike ERC20 or BEP20, a LEP100 token allows for a single contract to represent multiple fungible and non-fungible tokens to support a plethora of applications in everyday use. It is the most effective token for high-demand contract–compatible DeFI platforms, gaming platforms, NFT and more.

The LEP100 token standard supports token time-slicing in smart contracts. When a token is sliced it’s split up in two parts, one part can be described a slice limited in time (here TL can denote Time-Lent) and the other part can be described as an infinity end (here TL can denote Time Limited as its usefulness is limited for a time, but it’s not in fact locked). Both slices can, if desired, be sliced even further into another two slices of time opening doors for advanced DeFi like Futures & Options trading.

Network Features

1.Litho Utility Coin

The Litho (LITHO) multi-chain token is the native token of Lithosphere. The coin offers various functions alongside basic value storage and transfer.

2.LithoSwap DEX

LithoSwap is a fully decentralized cross-chain swap protocol, based on Lithosphere's MDKM technology. LithoSwap enables swaps between any coins on any blockchain which uses ECDSA or EdDSA as signature algorithm like BTC, Stellar etc.

3.Thanos Wallet

Thanos is a free client-side interface for creating and using Lithosphere wallets. The Thanos wallet contains a suite of innovative functions like cross-chain Swaps, multi-currency storage, NFT DEX, yield farming, lending, borrowing & more.

4.LEP100 Tokens and Litho Launchpad

LEP100 is a multi contract-compatible token development standard for the Lithosphere network proposed by Joel Kasr. It is like Ethereum’s ERC20 with a friendly standard to allow anyone to use digital currencies or tokens in the Lithosphere network. You can peg onto any networks by using any leading digital assets when you peg them with the LEP100 tokens. The Lithosphere ecosystem is very supportive, and it funds all LEP100 bootstraps with various DeFI projects through the Litho Launchpad.

5.LUSD Algorithmic Stablecoin

Litho USD coin (LUSD) is similar to algorithmic stablecoin protocols operating on the Ethereum blockchain, but unlike coins like U.S. Dollar Coin (USDC) and Tether (USDT) which are backed by audited holdings of U.S. dollars or crypto assets like PAX Gold (PAXG), Litho USD coin is not pegged to the U.S. dollar or any crypto collateral. Rather than using crypto, fiat, or commodities as collateral, the Lithosphere protocol adjusts LUSD crypto supply every 24 hours in a process called “rebasing” to maintain a stable price.

6.True Interoperability

Most blockchain networks that advertise interoperability are in fact using a compatibility model by forcing connecting blockchains to adhere to their their parachain / central Hub to facilitate communication between diverse networks. The Lithosphere project aims to create ecosystems that facilitate trust-less decentralized communication between different cross-blockchain transfers of any type of data or asset (not just tokens) without forcing any standards.

7.Linear-communication BFT Consenus (LinBFT)

Lithosphere adapts a new consensus algorithm, LinBFT proposed by Dr. David Yang. LinBFT involves negligible computations, guarantees no fork, and promises near-instant block finality.

8.Litho Staking Rewards

Securing the services on Lithosphere, transaction fees and staking rewards are distributed to LITHO stakers.

9.NFT DEX

LithoSwap provides features to exchange or stake NFT cross-chain.

10.NFT Engine

Create, manage or even lend your own digital assets & NFT's using the Lithosphere's LEP100 protocol.

11.Developer Friendly

Kickstart your dApp development with a rich set of API and SDK geared to DeFi.

12.Future Proof

Lithosphere upgrades occur without hard forks to integrate new features or fix bugs. This enables Lithosphere to upgrade itself as better technologies become available.

13.Time Lock LEP100 Tokens

LEP100's unique Time-Lock feature enables you to extract time-value out of your digital assets.

14.Cross-chain gaming assets

Create in-game assets that are available forever. Bring lasting value to gamers by letting them take their loot to another game or into the real world on the JOT blockchain powered by Litho.

15.Resilient, autonomous organizations (DAOs)

Vote on impactful governance decisions for your community. Empower your DAO to organize and allocate resources to its members.

16.Green Blockchain Tech

Lithosphere is a PoS blockchain with 99% lower carbon footprint compared to legacy PoW chains.

17.Security

Manage and control private keys in a distributed manner with Lithopshere's novel Myriad Distributed Key Management (MDKM) technology.

18.Community-driven network governance

Vote on impactful governance decisions for your community. Empower your DAO to organize and allocate resources to its members.

The LITHO Token

Litho is the native coin of Lithosphere. Both cross-and intra-chain transactions consume a certain amount of Litho. Litho is also used in security deposits for the cross-chain verification nodes. Litho / $LITHO is the currency of choice in the Lithosphere network although other crypto can be used as well since the Lithosphere blockchain supports interoperability.

Earn while holding Litho (LITHO)

Staking is the process of holding funds in a cryptocurrency wallet to support the operations of Lithosphere and, in return, holders are rewarded for their contribution.

Lithosphere is an all-in-one solution to solve scalability and interoperability issues that the blockchain industry has been trying to address. Litho (LITHO) is the only native currency of Lithosphere. Upon validating transactions, Validators receive rewards which are redistributed to their delegators according to the validator’s commission rate.

- Staking

Stake LITHO to enhance Lithosphere network’s security while earning significant rewards.

- Governance

Owning Litho grants the right to vote on proposals and make decisions on the future of the Lithosphere network.

- Time-Lock

Lithosphere's unique Time-Lock feature enables you to extract time-value out of your digital assets.

Private Token Sale (RD 1)

Lithosphere tokens will initially be released on Binance Smart Chain along with the help of various IDO platforms. The tokens will be compatible with third-party Ethereum / BSC services, wallets and exchanges to provide easy integration.

BSC Contract: 0xb33a7d69ce890445ff861b82d5d8f9ce2dd8f339

Start

July 23, 2021 (2:00PM UCT)

Number of tokens for sale

15,000,000 LITHO (5%)

End

August 16, 2021 (7:00AM UCT)

Tokens exchange rate

0.45 USDT / 0.45 USDC = 1 LITHO

Acceptable currencies

ETH, BTC, USDT, USDC

Minimal transaction amount

100 USDT / 100 USDC / 220 LITHO

Distribution of tokens

Use of proceeds

Lithosphere Roadmap

Q3 2021

Finalize network concept
Core development team formation
Lithopshere White paper published
Establish key partnerships
Major announcements

Q4 2021

NFT DEX Testnet
Media presence
Introduce new token standard – LEP100
Introduction of governance in the Lithosphere network using native Litho token.
Litho token presale

Q1 2022

Launch of Jot NFT Platform testnet
Launch cross-chain wallet – Thanos Wallet
Team expansion.

Q2 2022

Jot Art NFT marketplace mainnet live.
Implement DNNs in LithoSwap
Lithosphere core team augmentation.
Establish Litho network testnet
Public Token sale / IEO.

Q3 2022

Implement DNNs in Thanos Wallet.
JOT Token Private Sale
Start development of Decentralized community powered gig platform on Blockchain – Fleek
Release Jot Art SDK
Launch Litho Launchpad
Release blockchain mobile game on JOT NFT Platform
LUSD algorithmic stablecoin.

To conclude:

The Lithosphere project has created a new token standard, Litho currency (LITHO), and a key distribution mechanism to achieve the goal of the inclusive decentralized platform. The design of the native token is mostly comprised of the following five elements: A total of one billion tokens are available. The KaJ Labs team set out to create a worldwide blockchain network that is quicker, cheaper, and more environmentally friendly than existing blockchains such as Cardano, Polkadot, and Ethereum 2.0. Lithosphere may be thought of as the foundation for both old and new blockchains.

Join the Lithosphere community

AUTHOR

Bitcointalk Username: DEWI08
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=894088
Telegram Username: @dhewi08
BSC Wallet address: 0x53D1Ea8619E638e286f914987D107d570fDD686B

#ethereum #technological #litho #kajlabs #blockchain #ai #deeplearning

3 years ago in #crypto by aisyah-rahayu (30)

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