Abstract
The huge benefit of blockchain is that it upholds settling the issue of trust that plagues mankind, making blockchain advancement raising human improvement’s level. Its advancement is tireless because of the human need to diminish esteem based expenses. Since each blockchain can perform dispersed worth transmission, as opposed to the principal Internet of Information (IoI), blockchain development moves us from the hour of IoI to the age of the Internet of Values (IoV), which may be seen as the third time of the Internet.
Decentralized Finance refers to the on-chain financial operations on the Internet of Values, as well as the off-chain financial activities that go along with it (DeFi).
Cross-chain technology currently in use is largely side-chain technology, which uses a two-way peg to transfer transactions to side chains and multiple signatures to exit side chains. Only atomic transfers can be produced using this procedure, and the results are unsatisfying in practically every way.
Lithosphere’s vision is to interface all blockchains and break the obstacles between blockchains by allowing them to execute with each other. A definitive target is to make a related association of blockchains, an association of blockchains prepared to talk with each other in a decentralized way. With Lithosphere, blockchains can stay aware of influence, measure trades quickly and talk with other blockchains in the natural framework, making it ideal for an arrangement of use cases instead of being limited to one blockchain network i.e Polkadot/Bitcoin/Ethereum/Cardano.
About
In the digital economy era, Lithosphere is a platform-level public chain that can connect all types of values, provide complete financial operations, communicate multiple communities and tokens, and connect centralized and decentralized enterprises as a vital infrastructure for value transfer.
The lithosphere is the first AI-powered blockchain interoperability platform in the world. The KaJ Labs Foundation, the brains behind Lithosphere, unveils a revolutionary consensus method, a new token standard, and a mix of other advancements such as Deep Neural Networks (DNNs) to make smart contracts intelligent.
NFT can currently only be shared between parties inside the same network. At the moment, Ethereum NFT cannot be purchased with Smart Chain (BSC) tokens or vice versa. Through dApps on Lithosphere, the LithoSwap DEX, or the Thanos wallet, users in the ecosystem will be able to receive and send tokens from any and all blockchains that implement Byzantine Fault-Tolerant (BFT) consensus.
Features
- Litho Utility Coin
The (LITHO) multi-chain token is the nearby identification of Lithosphere. The coin offers various limits nearby fundamental worth accumulating and move.
- LithoSwap DEX
LithoSwap is a totally decentralized cross-chain career conference, considering Lithosphere’s Myriad Distributed Key Management (MDKM) development. LithoSwap enables exchanges between any coins on any blockchain which uses ECDSA or EdDSA as signature computation like BTC, Stellar, etc
- Thanos Wallet
Thanos is a free client side interface for making and using Lithosphere wallets. The Thanos wallet contains a set-up of innovative limits like cross-chain Swaps, multi-cash storing, NFT DEX, yield developing, crediting, getting and then some.
- LEP100 Tokens and Litho Launchpad
LEP100 is a multi contract-practical representative headway standard for the Lithosphere network proposed by Joel Kasr. It takes after Ethereum’s ERC20 with a friendly standard to allow anyone to use automated financial structures or tokens in the Lithosphere association. You can fix onto any associations by using any driving progressed assets when you stake them with the LEP100 tokens. The Lithosphere climate is particularly solid, and it saves all LEP100 bootstraps with various DeFI projects through the Litho Launchpad.
- LUSD Algorithmic Stablecoin
Litho USD coin (LUSD) resembles algorithmic stablecoin shows chipping away at the Ethereum blockchain, yet not in any way like coins like U.S. Dollar Coin (USDC) and Tether (USDT) which are supported by inspected assets of U.S. dollars or crypto assets like PAX Gold (PAXG), Litho USD coin isn’t fixed to the U.S. dollar or any crypto protection.
- True Interoperability
Most blockchain networks that pitch interoperability are believe it or not using a similitude model by compelling partner blockchains to stick to their parachain/central Hub to work with correspondence between grouped associations. The Lithosphere project intends to make natural frameworks that work with trust-less decentralized correspondence between different cross-blockchain moves of a data or asset (not just tokens) without obliging any standards.
Lithosphere is a phase level public chain in the electronic economy time that as an imperative establishment for regard move, can relate a wide scope of characteristics, give all out financial limits, pass on arranged organizations and tokens, and expansion united and decentralized affiliations.
ROADMAP
Q3 2021
Finalize network concept
Core development team formation
Lithopshere White paper published
Establish key partnerships
Major announcements
Q4 2021
NFT DEX Testnet
Media presence
Introduce new token standard — LEP100
Introduction of governance in the Lithosphere network using native Litho token.
Q1 2022
Launch of Jot NFT Platform testnet
Launch cross-chain wallet — Thanos Wallet
Team expansion
Q2 2022
Jot Art NFT marketplace mainnet live.
Implement DNNs in LithoSwap
Lithosphere core team augmentation.
Establish Litho network testnet
Public Token sale / IEO.
Q3 2022
Implement DNNs in Thanos Wallet.
JOT Token Private Sale
Start development of Decentralized community powered gig platform on Blockchain — Fleek
Release Jot Art SDK
Launch Litho Launchpad
Release blockchain mobile game on JOT NFT Platform
LUSD algorithmic stablecoin.
Conclusion
Lithosphere has set up the going with goals subject to investigate on cross-chain development, AI and Machine Learning, similarly as the features of decentralization and its application circumstances, to cultivate an even more for the most part dissipated blockchain advancement and progressed asset applications to Connecting tremendous electronic cash associations (like Bitcoin and Ethereum) and completing asset trades without changing the main chains’ segments.o make it simpler to access and interact with data, the development environment will encapsulate different blockchain, smart contracts, data sources, and so on as interfaces.
Learn More:
Website : https://lithosphere.network/
Whitepaper : https://lithosphere.network/wp-content/uploads/2021/07/Lithosphere_Whitepaper.pdf
Twitter : https://twitter.com/SuperLitho
Linkedin : https://www.linkedin.com/company/kaj-labs/
Medium : https://medium.com/lithospheric/
Instagram : https://instagram.com/kajlabs
YouTube : https://www.youtube.com/user/kajlabs
Writer
Username : nonanunik
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2054837