Universal blockchain platforms that can simplify many business processes are the most popular area for development in recent years. LTO Network is one of the most interesting examples of such projects. At the moment, the daily turnover of this cryptocurrency is $15,438,587 and continues to increase. In the review, readers will see the main LTO details, its features, and prospects for use.
About LTO Network
LTO network wallet is a hybrid blockchain for document management between companies. Its public part is like an independent notary, where not the documents themselves will be transmitted, but only the hashes of their events. The private part of the blockchain is needed for automated work with documents within companies.
The project consists of three main parts:
- Live contracts for drafting and negotiating agreements in supply chains, insurance, healthcare, KYC procedures, and so on.
- Hybrid blockchain (Waves wrapper with hash table and management tools).
- A convenient platform for creating and implementing live contracts.
Thus, using the LTO network wallet, companies can work securely with each other without relying on trust alone.
LTO`s Essential Features
In general, this platform has several branded features:
- tokenomics is carefully thought out, mechanisms for protection against dumping have been developed;
- a two-level technology implementation strategy across the client company;
- the live contracts used are understood by both humans and computers.
Thus, bureaucratic processes are simplified, and the human factor is reduced — this is making business as efficient and transparent as possible.
Where to Buy LTO?
Unfortunately, it`s impossible to purchase cryptocurrency for fiat money. Clients can start using the platform only after pre-purchasing bitcoin and transferring it to the LTO cryptocurrency. To access the full functionality of the system, you need to have a certain number of coins to store.
Future Use and Prospects
To sum up, live contracts are the most basic feature of the LTO network wallet. The remaining parts of the platform are simply auxiliary and help to maintain the proper operation of the entire blockchain. Also, the project has an excellent client base, doesn`t bother with intrusive marketing and shows impressive trading volumes. Experts are confident that the platform will develop rapidly with dashboards, wallet and website updates being the immediate targets.