An Overview of LTO Network (LTO)

Hybrid blockchain solution for corporate entities.What is LTO Network?LTO Network is a hybrid blockchain to secure, verify and exchange critical information. Therefore, corporations can control what kind of people have access to various levels of information.What are the features of the LTO Network?Hybrid blockchainMost blockchain networks are either public or permissioned networks. Even though both networks separately benefit various user bases, some processes can’t be made without private or public features on a blockchain network. Hybrid blockchain networks have a combination of public and private networks. While some networks have been designed for public participation, access to data has been tiered according to the hierarchical needs of an entity. Therefore, entities could determine what kind of information passes through from their own network.Live ContractsSmart contracts have changed the way we interact with the world. However, smart contracts can only work out if the conditions stated on the smart contract were met. Despite smart contracts work in most cases, some cases would render smart contracts useless. Live contracts are smart contracts that can work even though some of the criteria haven’t been met. These contracts determine the rules of participation, the initial set of participants, and the logic of collaboration. All these processes have been modeled as a Finite State Machine. Therefore, processes would be understandable for both humans and machines.Compliant to Recent RegulationsLTO Network is compliant with some of the most prominent data protection regulations. If someone’s knowledge should be deleted under the law, it’s been made possible to do so. Therefore, entities won’t have any problem with data regulations all around the World.How does LTO Network Works?LTO Network works with live contracts and private consensus on the public blockchain. To make the consensus work, LTO Network uses NG protocol to finalize transactions within 2 seconds. To reach the public…