Cryptologi.st | LTO Network: Leading Hybrid Blockchain Platform
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The LTO Network is a trustless blockchain focus on creating connections and collaborations between businesses. This hybrid blockchain platform is a new standard for data security and collaboration. LTO network stands out from other similar projects since cryptocurrency tokens play an important role in this platform. Cobalt and TITANIUM are two projects that can be game-changer in the new year since the LTO Network has a clear plan to develop them. The growth of 95% in LTO’s Twitter followers indicates that this token became popular over the last month. Also, LTO saw significant growth in its market cap rank from early November 2021, jumped from #540 to #380 over the last month. LTO’s price has followed the same trend, peaking at $.057 at the time of writing this post on November 25, 2021, which is almost 2X growth over the last month.
LTO Network’s Key Features
This isn't surprising given the abundance of similar platforms and applications available today; yet, the LTO network stands out. LTO differs from most commercial blockchain apps, and platforms in that cryptocurrency tokens play an important part in both the network’s technical functioning and revenue generation capabilities. this is uncommon, as most commercial blockchain solutions stay as far away from cryptocurrency as possible.
LTO Network Similar Projects:
Among all cryptocurrency projects that are under the umbrella of the Enterprise Solutions, Platform tags, the most similar projects to LTO Network are Ontology, Celer Network, and Civic. When writing this post on Nov 25, 2021, the ranks of LTO Network, Ontology, Celer Network, and Civic are #382, #121, #130, and #183, respectively. The market cap of Ontology and Celer Network is about in the same range $700-$900 million. The market cap od Civic is almost $300 million and LTO Network with $172 million market cap has long way to go. However, 2022 could be a game-changer for these projects. What is clear is that LTO Network with new Cobalt and TITANIUM projects has a clear roadmap to step further from current comfort zone. Currently, the number of wallets created for the LTO Network is about 249, and the number of transactions reported was 3,219 at the time of writing this post.
What is LTO Network Exactly?
LTO Network is the company that created “the network”. This term refers to a hybrid blockchain platform for enterprise workflow, and information validation/management used to validate secure, and exchange business-critical data.
The aim of the LTO Network is to create and maintain a full-decentralized network with high efficient blockchain infrastructure. Any company with a need for a production-ready blockchain can use LTO Network. This allows for digital verification of digital assets and enables collaboration through decentralized workflows.
LTO Network Token:
LTO is the native token of the LTO Network, which is based on Ethereum’s ERC-20 standard. LTO provides liquidity and serves as a bridge for LTO Network customers. LTO token can be used for paying for transactions, paying for transactions, placement on the network, or passively retaining for speculative purposes.
To pay for key LTO Network functions, LTO tokens are necessary. The LTO token is interchangeable with three types of token and it can be swapped with LTO: ERC20, BEP2, and BEP20.
LTO Network Technology:
The COBALT mainnet of the LTO Network was updated in 2021 to include Decentralized Identifiers (DID) and Verifiable Credentials (VC) that put this Network on the path to becoming a genuine layer-1 blockchain. LTO Network is natively General Data Protection Regulation (GDPR) compliant, thanks to its hybrid (2-layer) approach. This ensures easy compliance for enterprises around the world with ever-increasing privacy rules. As a result, the LTO Network enables enterprises and developers to create Privacy-Aware Decentralized Apps (PADA) and provides numerous new opportunities for projects to investigate.
Security in LTO Network
The proof-of-stake (PoS) consensus algorithm ensures the security of the LTO Network. Furthermore, the GDPR data protection law of the European Union applies to this Network. The hybrid LTO framework enables private blockchains to be as scalable as possible while maintaining the security features of public blockchains, which are already widely used.
What Is Going On in LTO Network?
The first and foremost important thing about the LTO network is that this network updates to the ERC20-based smart contract. Currently, the LTO Network focus is on two major projects, Cobalt and TITANIUM. Cobalt is the most recent upgrade to the LTO Network. It added Decentralized Identifiers and Verifiable Credentials to the LTO Network, allowing it to function as an identity platform. TITANIUM will be the next major update of LTO Network which is the next generation of digital assets and will focus on digital ownership. TITANIUM enables users to create true decentralized NFTs, often known as NFT2.0.
LTO token provided its investors with a 405% return on investment (ROI) over the last year. Although the number is very considerable, LTO’s ROI is much lower than similar projects’ ROI (1,899%). Also, LTO underperformed compared to the market’s top 1500 projects’ average ROI (1,754%).
Popularity can potentially affect the success of a cryptocurrency project. our data show that LTO’s popularity on Twitter went up by 95% over the last five months, leading to 20k followers when writing this post. also, its Reddit and Telegram channel subscribers saw a growth of 37% and 7%, respectively.
LTO’s market cap and price
Talking about market cap, one of the most critical financial factors, LTO skyrocketed in its market cap rank from early November 2021. LTO’s market cap jumped from #540 on Nov 3 to #380 at the time of writing this post. LTO’s price has followed the same trend. Peaking at $.057 on Nov 25, which is almost 2X growth over the last month.
Is LTO Network The Best Cryptocurrency to Invest in?
We provide all of the information you need about the market in general and each project, in particular, to help you get the most out of your investment at Cryptologist. It is, however, entirely up to you whether or not to invest in a project. To make the optimal selection, you must carefully analyze your financial condition and interests. You can rely on us for market information!
Originally published at https://old.cryptologi.st on November 27, 2021.