LockTrip Blockchain


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.

The score for this software has declined over the past month. What is this?


LockTrip Blockchain Awards

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  • LockTrip Blockchain
  • LockTrip Blockchain
  • LockTrip Blockchain

LockTrip Blockchain Product Overview

  • Truly decentralized Proof-of-Stake based on Blackcoin v.3 POS consensus

  • 200+ TPS

  • All LOC based tokens will get reimbursed 50% of the transaction fees they generate

  • Ethereum VM and solidity compatible

  • Fixed gas fees in fiat equivalent

  • Distributed database and a dynamic message bridge for DAPPs to communicate

  • Minimum block rewards (deplete in 5 years)

  • Designed to develop a transaction-based economy


Languages: English

LockTrip Blockchain FAQs

Does LockTrip Blockchain offer guides, tutorials and or customer support?

Yes.

Does LockTrip Blockchain offer an API?

Yes.

Does LockTrip Blockchain offer multi-user capability (e.g. teams)?

Yes.

What is LockTrip Blockchain generally used for?

The LockTrip blockchain can be used by projects to build their tokens/ICOs and decentralized economies on top of it.

Who are the main user groups of LockTrip Blockchain?

LOC can position itself as an advanced ecosystem that welcomes travel projects as well as just about any application in any other vertical. With its unique shared economic model and full support for the Ethereum VM, LOC poses a strong marketing incentive for DAPPS to migrate to the LOC blockchain. Travel projects can be further incentivized to migrate by offering them access to technology.

Outside the crypto world, “Locktrip as a service” can be provided to new potential travel businesses, which are interested in tokenizing their travel services.

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