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About Locus Chain
Key Points
- Locus Chain aims to be a Next Generation Layer 1 Public Blockchain Protocol, achieving decentralization and scalability simultaneously.
- LOCUS token is an Ethereum-based ERC20 token, which will be swapped to the Locus Chain mainnet using hashed time-locked contracts.
- LOCUS is the main cryptocurrency for the Locus Chain network, used for payment, fees, and governance.
- The Locus Chain ecosystem includes top developers and business partners, with potential applications in decentralized finance, real estate, and gaming.
- Special technologies include DAG (Directed Acyclic Graph) – AWTC (Account-Wise Transaction Chain), POS – BFT Consensus Algorithm, Verifiable Pruning, and
Introducing Locus Chain: A Revolutionary Blockchain Ecosystem
Introducing LOCUS CHAIN (LOCUS): A Revolutionary Blockchain Ecosystem
Locus Chain aspires to become the most widely adopted Next-Generation Layer 1 Public Blockchain Protocol, striking a delicate balance between full decentralization and scalability. As a decentralized, scalable layer 1 chain built upon patented technologies, Locus Chain is poised to support a diverse array of DeFi, GameFi, Metaverse, Smart City, and CBDC (Central Bank Digital Currency) projects, offering a reliable, secure, low-cost, and high-performance layer 1 public blockchain platform. By solving the blockchain trilemma of decentralization, scalability, and security, Locus Chain proudly claims to be the first decentralized Layer 1 public blockchain to achieve this feat.
The LOCUS Token
The current Locus token type, prior to the mainnet launch, is an Ethereum-based ERC20 token, issued by the Locus Chain Foundation through a smart contract. However, since tokens on the public Ethereum network are incompatible with the Locus Chain, we will utilize hashed time-locked contracts to facilitate seamless, 1-to-1 atomic swaps of Locus tokens from Ethereum to the Locus Chain mainnet. LOCUS will serve as the primary cryptocurrency, essential for all operations within the Locus Chain network and its diverse applications. As a payment method, LOCUS fuels the entire network economy. Validators, developers, and users alike leverage tokens to participate in the LOCUS network, earning rewards in the process. Additionally, tokens are used to cover fees and participate in future governance initiatives.
The LOCUS Ecosystem: A Harmonious Convergence of Innovation and Opportunity
Prestigious developers and esteemed business partners are successively participating in the development of Locus Chain. This high-performance Layer 1 blockchain is poised to unlock diverse business opportunities across various sectors, including decentralized finance, real estate transaction platforms, and gaming currencies, as well as facilitating the creation of numerous other tokens. Furthermore, Locus Chain enables users to leverage its blockchain verification service through a seamless integration, eliminating the need to build a separate blockchain. As a high-performance public blockchain platform, Locus Chain is well-positioned to license its technology in the future, focusing on areas such as Central Bank Digital Currencies (CBDC) and the Internet of Things (IoT), including smart cities, smart factories, and smart grids, all of which rely on vast amounts of data.
The Proprietary Technology of LOCUS
*DAG (Directed Acyclic Graph) – AWTC (Account-Wise Transaction Chain): A Novel Approach to Blockchain Scalability
The AWTC, or Account-Wise-Transaction-Chain, serves as a central data structure for Locus Chain’s high-capacity, distributed transaction processing. This innovative data structure is based on a Directed-Acyclic-Graph (DAG) and comprises multiple transaction chains, each dedicated to a specific account. Whenever a new transaction is initiated by an account, it is primarily appended to the account’s respective chain. Notably, the block grid structure, including DAG-AWTC, eliminates potential conflicts, as each transaction is linked to multiple points corresponding to the number of accounts involved, with the owning account holding exclusive recording privileges. Furthermore, the account that initiates the transaction is clearly identifiable, ensuring that, in the absence of malicious intent, the transaction is virtually confirmed upon addition. The ledger structure of the Locus Chain is a key technical feature that fundamentally resolves the issue of delayed transaction processing that has plagued existing blockchain platforms.
- POS – BFT Consensus Algorithm * To ensure efficient data propagation across the network, Locus Chain pioneered the implementation of a definitive BFT consensus on the DAG. This innovative approach involves achieving consensus on a limited number of historical points in time. Furthermore, a new proposer committee is randomly selected every round via a verifiable random function (VRF) based on stochastic proof of stake (PoS), where the likelihood of being elected as a committee member increases with the number of stakes held. As the nodes participating in the consensus (proposers and validators) cannot be predetermined or predicted, the risk of malicious manipulation is significantly mitigated, thereby ensuring the fairness and stability of the consensus outcomes.
*Auditable Pruning Mechanisms
Unlike traditional pruning methods, which merely reduce ledger size by deleting outdated data to address burgeoning ledger growth, Locus Chain’s innovative Verifiable Pruning leverages a Skewed Merkle Tree structure to authenticate the legitimacy of data, even when a significant portion of previous data is locally deleted. This approach deletes outdated ledger data while still facilitating comprehensive data verification, achieved by verifying previous data using hash values.
*Innovative Dynamic Sharding Architecture
Locus Chain boasts a ledger structure comprising individual accounts (AWTC), facilitating effortless adjustments to the number and size of shards, as well as the validator ratio, by seamlessly relocating shards in the event of an imbalance between shards. With its dynamic sharding capability, the network usage that a node needs to cover is significantly reduced to 2/N when the number of shards is N. Consequently, the total network TPS for network usage on the same node will experience a proportional increase, supplemented by the additional ledger state sharding, which will also distribute storage usage evenly across the shards.
The Visionaries Behind LOCUS
The core development team behind Locus Chain comprises seasoned developers who pioneered Korea’s first commercial game engine, Blueside Engine. The crux of Locus Chain technology lies in its ability to efficiently process and synchronize massive volumes of network traffic. The Blueside Engine developers have amassed an impressive portfolio of 18 software development-related intellectual property rights, culled from two decades of expertise in console and online game development, as well as software development. Additionally, they hold two software patents.