What is Ledgis?
Ledgis (LED) is a blockchain-based ecosystem that aims to provide its users with the ability to participate and transcend without any boundary between private and public chains. The goal of Ledgis is to overcome the challenges that current blockchain models face, such as scalability, high transaction fees, low speed, complex user interfaces, and more. With Ledgis, users can play, trade, and perform transactions across public and private blockchains, all within the same platform.
According to its whitepaper, Ledgis believes that blockchain technology is the key technology due to its multiple features and role as a sustainable ecosystem among users. During the early stages of blockchain, public and private blockchains were separated, but as the areas expanded, the boundary between the two eroded. This resulted in users facing difficulties participating in the network, such as new nodes, issues related to protection and information safety, mass data storage, complex authentication processes, and more. Ledgis offers a solution by developing next-generation blockchain technology that satisfies the functions required for industrial convergence and overcomes the limitations of existing blockchain technology.
Ledgis aims to be a blockchain technology applicable in real-life, supporting high scalability, sustainability, and massive data processing. For this, the platform prioritizes interoperability between the blockchains. Interoperability is the ability of two components or two blockchains to share resources. Besides, the platform also seeks to allow crossing boundaries between public and private DApps without limitations, with a single Ledgis account.
The platform uses Delegated Proof of Stake Service (DPoSS) consensus mechanism to elect block approvers depending upon the network's delegation of shares and services. This helps in deciding the value of the blockchain and acquiring corresponding rewards for maintaining the quality of the blockchain.
LED is the native token of the network and an ERC-20 token that users can utilize to access DApp services within the Ledgis ecosystem. Ledgis intends to use LED for several other utilities, such as using the resources in the network, voting, staking, and more. Moreover, the platform aims to reward LED tokens to all types of users- the DApp users, DApp providers, and the nodes in different ways depending on their contributions to the ecosystem.
Ledgis (LED) was launched by LEDGIS Co., Ltd in 2018. The company's CEO is Martin Lee, and the team consists of twenty-one members, including director Mark Lee. The total supply of LED tokens is one billion.
In conclusion, Ledgis offers a solution to the challenges faced by current blockchain models and allows users to participate and transcend without any boundary between private and public chains. The platform prioritizes interoperability between the blockchains and uses DPoSS consensus mechanism to elect block approvers, which helps in deciding the value of the blockchain and acquiring corresponding rewards. Moreover, the native token LED is used for several utilities, and the platform rewards the LED tokens to all types of users depending on their contributions to the ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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