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Messages - Natoshi Sakamoto

Pages: 1 ... 3 4 [5]
61
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 18, 2019, 09:02:03 AM »
Article from Telecom Review Africa

The Tunisia Economic City (TEC), jointly owned by Tunisia and Saudi Arabia, has chosen the Locus Chain blockchain as its settlement currency and service platform.
TEC, built in the eastern peninsula of Tunisia, is set to be the largest smart city project on the Mediterranean, with a surface area of 90 Km2 encompassing 14 large zones. Its geographical location allows it to constitute a portal connecting Europe, Africa and Asia, thus becoming an international business and technology hub.
The smart city project will adopt the Sinagpore-based company’s blockchain platform which will be used as a settlement currency for industries such as finance, communication, medical, shopping, automated vehicles and artificial intelligence.
“TEC is one of the most advanced smart city projects the world economy has ever seen,” said Lee Sang Yoon, CEO of Locus Chain Foundation. “When the Locus Chain blockchain platform is applied to the TEC project, it will be used as a transaction and authentication method for various industries and will provide an ideal management and service system ensuring high transparency and security across the industry.”
Founded by HRH Prince Fahd Bin Muqrin Bin Abdulaziz Al Saud of Saudi Arabia, chairman of the Al Hermas Global Group and TEC, and Dr. Riadh Khalifa Toukabri, serving as TEC president, the project will drive the economic growth of North Africa and will complement that of the GCC countries as well. It is also expected to attract foreign investors in the fields of hospitality, entertainment, medical care, media, etc.

62
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 17, 2019, 05:42:20 PM »
Locus is becoming TOP 5 Blockchain/Crypto player!

63
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 15, 2019, 07:18:00 AM »
Will BTC drop effect to the LOCUS price ?
In last 3 days, BTC dropped down arround 20%, Locus dropped down 5%. It's always good to buy the dips, so today is good rebuy opportunity.

64
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 14, 2019, 07:21:48 AM »
Of course that kind of cities are possible and will be a reality sooner than you think. Did anyone imagine how internet will change our lives? Blockchain is next step technological revolution.

65
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 11, 2019, 07:12:13 PM »
A smart city is a municipality that uses information and communication technologies to increase operational efficiency, share information with the public and improve both the quality of government services and citizen welfare with intent to enhance the quality and performance of urban services such as energy, transportation and utilities in order to reduce resource consumption, wastage and overall costs.

66
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 09, 2019, 11:09:02 AM »
I saw a post on Facebook yesterday - they are starting a Smart City, they have 7B$ ready.

67
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 08, 2019, 03:34:36 PM »
I am telling you that LOCUS will be the best performing coin 2019-2020

68
Sorting Box / Re: LOCUS CHAIN - the fastest blockchain technology?
« on: July 07, 2019, 02:52:23 PM »
LOCUS CHAIN ENTERPRISE MAINNET


* What is Locus Chain’s Enterprise Mainnet?
The Enterprise Mainnet of Locus Chain is a platform that allows the companies which desire to adopt the blockchain system to create and use the enterprise token without separately developing or forming the blockchain network(node), and makes it possible to validate the data integrity through the Enterprise Mainnet.

* What is token issuance/using platform?
Just like how ERC20 in the case of Ethereum uses the protocol which allows for easy token issuance and usage, Locus Chain also allows for simple issuance and use of new tokens. The benefit of utilizing the mainnet of Locus Chain to issue and use the token is that compared to the existing blockchains like Ethereum, it demonstrates exceptionally remarkable performance. In the case of tokens issued by using the existing blockchains, it was difficult to practically use the issued tokens in real life due to size, network load, and other issues. However, the tokens that become issued on the mainnet of Locus Chain for usage provides the amount of performance that does not cause problems when used in real life situations.
 
* What is the forging and manipulation validation function?
One of the main benefits of blockchain is its ability to create reliable data due to the difficulty in forging and manipulation of data. Unlike the existing client-server structure, the blockchain system uses the mathematical hash function to bind the data in the form of chains and then become shared on all of the computers(nodes), so it practically becomes impossible for the hackers to forge and manipulate the data. Due to this reason, most of the projects that are currently in progress are making efforts as trials to directly input the data in the blockchain ledger instead of in the DBMS(Database Management System), but it appears this kind of method will make it difficult to create good results. This is because in exchange of earning the benefit of making it difficult for the existing data to become forged and manipulated, performance including the speed of service and others will inevitably decrease.
In order to resolve these problems, Locus Chain has been able to develop the technology that can manage the formation of hash values which allows to make judgments on whether or not the data has been forged and/or manipulated while recording the data on the existing DBMS instead of directly recording the data on the blockchain ledger. Of course, this technology can be developed by anyone if it is a blockchain system. However, the technological superiority of Locus Chain lies in that even if numerous companies use this function to utilize Locus Chain’s mainnet, it does not slow down, the processing speed can be maintained, and many nodes can be operated easily because it can be managed so that the ledger data size does not increase. The stability of blockchain system strengthens if there are more number of nodes participating in the network.

* What is Verifiable Pruning that becomes used in the forging and manipulation validation function?
‘Verifiable Pruning(Verifiable Pruning)’, which is a technology made for the purpose of resolving the problem of the increasing ledger size of the blockchain system, allows for the system to hold the data structure that makes it possible to later prove the authenticity(true/false) even if the data has been deleted in the ledger and thus, has been able to drastically reduce the ledger size. This technology is currently going through the patent application process.

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