LTO Network LTO Price

What is LTO Network (LTO)?

LTO Network, established as a leading European blockchain, distinguishes itself through its hybrid architecture, combining the strengths of public and private blockchains. Launched in January 2019, this platform was initially developed by Firm24 under the name LegalThings One and has evolved significantly since then. Its unique approach enables B2B collaboration, fostering trustless automated processes while being fully compliant with GDPR and data privacy regulations. At its core, LTO Network offers a suite of applications including Proofi for KYC, AML compliance, and the Universal Wallet for efficient asset management. These features are supplemented by Ownables for digital collectibles, showcasing its commitment to digital asset management and decentralized ownership.

The technological prowess of LTO Network is further exemplified by its mainnet update, COBALT, introduced in 2021. This update expanded the network's capabilities with Decentralized Identifiers (DID) and Verifiable Credentials (VC), marking a significant step towards becoming a comprehensive layer-1 blockchain. Additionally, the network's focus on NFT2.0 technology underscores its commitment to enabling true decentralized ownership and management of NFTs. The hybrid design of LTO Network ensures scalability and security, leveraging the proof-of-stake (PoS) consensus algorithm for robust protection.

Founders Rick Schmitz (CEO), Martijn Migchelsen (CFO/COO), Arnold Daniels (Lead Architect), and Sven Stam (CTO) have been instrumental in shaping the network's vision and technology. What sets LTO Network apart is its live contracts feature, which allows real-time creation of mutually beneficial agreements, and a unique hybrid blockchain mechanism with anchorage. This dual-layer structure facilitates efficient collaboration and high-level security, making LTO Network a pioneer in bridging the gap between the real world and cryptospace, and a platform for decentralized workflows and business process automation.

What is unique about LTO Network (LTO)?

LTO Network's uniqueness lies in its hybrid architecture that merges public and private blockchains, enhancing B2B collaboration and GDPR compliance.

Who are the founders of LTO Network (LTO)?

The founders of LTO Network are Rick Schmitz (CEO), Martijn Migchelsen (CFO/COO), Arnold Daniels (Lead Architect), and Sven Stam (CTO).

Who are the backers/investors of LTO Network (LTO)?

LTO Network has investors and backers such as Index Ventures, Draper Associates, Blockchain Capital, Microsoft, Deloitte, T-Systems among others.

What is the consensus mechanism of LTO Network (LTO)?

LTO Network employs a proof-of-stake (PoS) consensus mechanism, ensuring both scalability and security.

Where can I buy LTO Network (LTO)?

You can buy LTO Network (LTO) on Gate.io, KuCoin, Binance US, AscendEX (BitMax), CoinEx cryptocurrency exchanges.