What is LockTrip Blockchain?
"A new-generation blockchain for any DAPP that wishes to be part of a more sustainable blockchain economy."
- A true Proof-of-Stake consensus that will enable every single user to stake without any requirement for a minimum amount of LOC
- Total output of 120 - 200+ TPS / 11M - 15M transactions per day (approximately 10 times the capacity of the current Ethereum network, with functioning prototype being in the 200+ TPS, but we leave some room for adjustment)
- One-click installers for running a node on an average household computer (after you install the node, you will be able to stake your coins)
- Ethereum VM support in order to have full compatibility and easy migration of Ethereum DAPPS and Ethereum smart contracts
- Seamless migration of our current ERC20 LOC contract and a complete preservation of the LOC balances of all users post migration – users will be able to move their tokens in between the LockTrip blockchain and the Ethereum network through a swap contract
- Received letter of intent from 5 high quality companies to build on top of LockTrip
- In communication with multiple other companies to engage and build on our blockchain
- LOC owners will be able to stake their LOC to get a piece of the transactional economy from the LockTrip booking app as well as from all other DAPPS and tokens
- Revenue from the transactional economy shared with the ERC20, ERC223, ERC721 smart contracts – they will be accredited on a protocol level with 50% of the fees they are able to generate through their transactions. This will technically mean that we will build the first blockchain, which utilizes a true shared economy. The people who contribute to its adoption will benefit from the transactions they generate, regardless of their business model. This would also serve as a tool to attract existing Ethereum DAPPs to our blockchain, as it would give a strong and sustainable boost to their long-term economy.
- Easy installation of nodes for average users – the goal is to get as many people on-board as possible. That would ensure a viable network and a strong POS consensus that would have high censorship resistance. Desktop wallet will be a node.
- Easy staking of LOC for average users - the “mining” (minting) process will be democratized and available to everyone.
- 2 Level Nodes system - Full nodes and standard nodes – The standard nodes will process all on-chain data. The full nodes will additionally support the secondary layer containing a distributed database and a message bridge. These two will enable businesses to launch e.g. a web-based application completely in the distributed storage without the need to look for third-party providers. It will also enable communication at a new scale between DAPPS.
- Fixed and predictable Gas price and dynamic calculation according to fiat equivalent, which allows businesses to calculate the price of network fees
- Ability to change the GAS price through a democratic voting system in a transparent manner. (This might serve as a network regulator in case max capacity is reached)
- 32 seconds average block time, 2 MB block size, 16 seconds granularity and full interchangeability of nodes
- 1500 blocks lockdown period for stakes that win the block reward
LockTrip Blockchain scored 85/100 (Top 3 in Blockchain) in the Blockchain category.
This is based on user satisfaction (82/100), press buzz (43/100), recent user trends (falling), and other relevant information on LockTrip Blockchain gathered from around the web.
LockTrip Blockchain Awards