About LTO Network (LTO)
LTO Network is referred to as a hybrid blockchain platform with a fundamental objective to provide a decentralized environment that supports enterprise solutions like decentralized workflow creation and management, data and document authentication, verification, and more. LTO Network seeks to accomplish its mission of providing the decentralized ecosystem for such B2B solutions by way of what is said to be a privacy-centric, secure hybrid blockchain platform.
LTO Network purportedly implements private blockchains and a public Leased-Proof-of-Stake (LPoS) blockchain. Rules outlined in the General Data Protection Regulation (GDPR) guidelines are adhered to by the LTO Network blockchain solution, making it GDPR-compliant, and believed to make global implementation easier.
Data sharing and network consensus function independently in private and public environments. Data is shared in the customizable private layer, while consensus is done on the public layer, described as a digital notary. The LTO Network is promoted as an enterprise-grade blockchain network, with transaction confirmation times of about two seconds.Ā
While the early days of the company and project date back to as early as 2014, the LTO Network mainnet was released in January 2019. Before its mainnet was made available to the decentralized platform, LTO Network, headquartered in Amsterdam, Netherlands, was fundamentally deployed on Ethereum, with liquidity on the BNB Chain. The network cryptocurrency powers operations on the LTO Network blockchain and its interconnected decentralized ecosystem.Ā
LTO Network is known by its token ticker $LTO. The current price of LTO Network is updated and available in real-time on Binance.