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LOCUS CHAIN

Discussion in 'Altcoin Reviews' started by Y Generation, May 26, 2019.

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  1. Y Generation

    Y Generation Contributor

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    This is the beginning only. Their projects around smart cities and payment gateways will be awesome.
    Accumulate now and HODL!
     
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  2. Luthan

    Luthan Contributor

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    I think now we need to buy and stay relax until they grow their LOCUS CITIZEN program.
     
    Last edited: Jun 9, 2019
  3. Y Generation

    Y Generation Contributor

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    I'm buying every month for 10% of my salary
     
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  4. Y Generation

    Y Generation Contributor

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    Fantastic article about Locus from BlockDelta:
     
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  5. Y Generation

    Y Generation Contributor

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    Locus Chain – Advanced Fully Decentralised Practically Applicable Public Blockchain
    What makes Locus Chain different from the existing blockchain technologies?
    Avatar Locus Chain May 8, 2019
    0 662 2 minutes read

    The world is heading to an era of complete digitalisation, where traditional fiat currencies are getting replaced with digital currencies and a sneak peek in the large scale decentralised blockchain revolution with the mass adoption in the future in diversified fields.

    Locus Chain Foundation Pte. Ltd is the leading next-generation blockchain technology and digital currency developed by a team of veteran developers of South Korea. Bloom Technology, the professional gaming company in South Korea, manages the development of Locus Chain and is expanding its business scope to consulting and related infrastructures that apply blockchains to government and industry sectors. Locus Chain was established with the goal of becoming the fastest, highly secured and most reliable and fully decentralised blockchain in the world.

    Locus Chain has achieved a new era in the Blockchain world by achieving the “DAG-BFT’ (Direct Acyclic Graph-Byzantine Fault Tolerance) Finalized Consensus algorithm. The two main goals of decentralisation and the fast transaction are achieved by incorporating a stake-based proof of stake together with Delegated Proof of Stake(PoS+DPoS) scheme combined with VRF-PBFT(Verifiable Random Function based Practical Byzantine Fault Tolerance). Smart Contracts will improve the reliability of the transaction. Without concentration of Power, Locus Chain will improve the speed, capacity and reliability.

    Locus Chain is The Practically Usable Public Blockchain that has resolved the blockchain trilemma in a public network.
    [Blockchain Trilemma]

    Blockchain technology promises to improve mutual trust and security in our hyper-connected society. There remain unsolved challenges, however, that hinder widespread adoption. For widespread adoption, a public blockchain must resolve three technical challenges. Many existing blockchains attempt to resolve these issues. However, none resolve all three challenges in a public network.
    [Locus Chain has resolved the trilemma]

    Locus Chain has resolved the blockchain trilemma in a public network. By achieving scalability and security in a decentralized public network, Locus Chain catalyses expansion into new markets. Locus Chain enables a broad variety of interaction mechanisms thanks to the unlimited scalability of its public network.

    How does the Locus Chain resolve these technical challenges?

    Locus Chain has achieved scalability in its decentralized public network by overcoming the following challenges.

    Challenge 1: SPEED

    Popular blockchains today have well-known limitations in SPEED. Locus Chain achieves SPEED by adopting a DAG ledger structure.

    Challenge 2: STORAGE

    In addition to speed, a practical blockchain must address the issue of STORAGE. Locus Chain aims to resolve the STORAGE issue via Verifiable Pruning

    Challenge 3: NETWORK SCALABILITY

    A practical blockchain must also address the issue of Network Scalability. Locus Chain aims to resolve the Network Scalability issue via Dynamic Sharding

    Challenge 4: DECENTRALIZATION & SECURITY

    Locus Chain achieves Decentralization and Security by implementing BFT based on DPoS.

    Locus Chain team expects that the attacks utilizing the quantum computing power can be a threat to the existing security and cryptography system. Team has collaborated with Top-notch university labs and have the resistance and tolerance against quantum computing.

    With an experienced technical and business team, advance technological designs and strong key advisors and strategic partnerships, Locus Chain will be the blockchain protocol of choice for the countries and top tier traditional companies
     
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  6. Luthan

    Luthan Contributor

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    THIS IS WHY I AM SURE THAT I HAVE INVESTED IN CORRECT ALT COIN
     
  7. Osman

    Osman Contributor

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    I am with you and I am expecting a 100% jump before end of August 2019
     
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  8. Y Generation

    Y Generation Contributor

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    The bull trend for cryptos is finally here, quality coins will definitely prosper.
    Locus is one of the most promising projects in the market and I expect very bright future.

    I expect x100 in 2 years
     
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  9. AnaLi

    AnaLi Contributor

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    I don't know about Locus much actually, that's why I'm asking others about it) What is your opinion?
     
  10. Luthan

    Luthan Contributor

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    My friend LOCUS went up 8% withis BTC Bump. This happen at the same day, I posted
     
  11. Y Generation

    Y Generation Contributor

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    WHAT KIND OF BUSINESS IS LOCUS CHAIN PREPARING FOR?

    Locus Chain will be used as tools of transaction and authentication for various industries such as medical, shopping, IoT and public sectors starting from energy and communication business. Locus is conducting the business activities for it that using the Locus Chain as a based-technology to constitute Smart City. In fact, the business department has signed a strategic alliance contract with TEC, the organizer of the Tunisian Economic City Project, which is the largest new city construction project in the Mediterranean, and the block-chain platform Locus Chain will be applied as a settlement currency and service platform in various industries such as finance, communication, medical, shopping, autonomous driving cars, AI, etc.. After constructing and verifying these local smart cities, Locus is aiming to create a smart world by gathering these various city plans. Details can be found in the white paper on the official website.
     
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  12. Osman

    Osman Contributor

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    For last two weeks most of the ALT coins went down bcz of the behaviour of the BTC but LOCUS was one of the strong coin which stand again BTC behaviour. LOCUS is one of the stable ALT coin.
     
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  13. Y Generation

    Y Generation Contributor

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    Quality coins (with real technology and important solutions) will be absolute winners of this already on-going bullish trend. Don't forget, that next BTC halving (reward for mining) will occure in April 2020. By this time, BTC and quality altcoins will see enormous growth.
    Locus is an example of fantastic project and the fastest blockchain. Reward for early investing and hodling will be huge.
     
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  14. Osman

    Osman Contributor

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    Does LOCUS has Cryptocurrency mining ?
     
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  15. Y Generation

    Y Generation Contributor

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    No.
    Locus is non-mineable coin
     
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  16. Y Generation

    Y Generation Contributor

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    To provide better scalability with high transaction speed, Locus Chain solved scaling issue by implementing Dynamic State Sharding - dividing blocks into smaller managable sub-blocks or “shards”.
     
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  17. Naresh Kumar

    Naresh Kumar Contributor

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    More people use LOCUS tech for their business means , coin price will go high easily
     
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  18. Y Generation

    Y Generation Contributor

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    From Locus website:

    Locus Chain has been developed with the aim of being used for real transactions. Therefore, we strive to maintain fast and stable transaction rates even when there are many external factors such as increased transaction volume, or when the number of nodes drops below a specific number. We expect the transaction to be possible within a few seconds; For this aim, we are developing it by using Account-Wise Transaction Chain, one of the DAGs, in the ledger data structure. To solve the problem of block size increase, which is one of the problems of the current generation block chain, we apply our own Dynamic State Sharding technology to the transaction ledger block. Unlike static sharding, Dynamic State Sharding is a structure that does not have a problem of low stability when there are not enough node numbers in the shard, and it is expected that it will be able to be configured what it does not interfere with transaction authentication even when the sharding adjustment is in progress. Details can be found in the white paper on the official website.
     
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  19. Luthan

    Luthan Contributor

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    I found a video in locus website which is really important to anyone to understand better about locus

    LOCUS CHAIN Dubai press conference movie
     
  20. Y Generation

    Y Generation Contributor

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    Luthan bro, this link is not working, can you please post it again?
     
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