INTRODUCTION
Distributed cryptography’s theoretical foundation and a basic challenge of distributed computing are both secure multi-party computation.
The hypothesis is based on the 1982 book “Yao’s Millionaires’ Problem.” Simply defined, secure multi-party computing refers to a set of players known as P1 Pn who collaborate to safely calculate the function. Then each of the n participants has one of the function f inputs. Pi has the secret input xi and receives the output yi after calculation. In this case, security necessitates ensuring the validity of the computing result, even if some individuals cheat throughout the computation process. This implies that after the computations are finished, each participant must receive the right result yi, and all participant input is protected. Through the calculation, Pi can obtain no further information other than.
CROSS-CHAIN DEFI PROTOCOL
Lithosphere is the world’s first AI powered, advanced blockchain interoperability platform. The KaJ Labs Foundation, the core-developers of Lithosphere introduce; a novel consensus algorithm, a new token standard with a combination of other innovations like Deep Neural Networks(DNNs) to make smart contracts intelligent. The KaJ Labs Foundation aims to introduce more innovations to the network and the blockchain eco-system in general.
Litho Utility Coin
The Litho (LITHO) multi-chain token is the native token of Lithosphere. The coin offers various functions alongside basic value storage and transfer.
LithoSwap DEX
LithoSwap is a fully decentralized cross-chain swap protocol, based on Lithosphere’s Myriad Distributed Key Management (MDKM) technology. LithoSwap enables swaps between any coins on any blockchain which uses ECDSA or EdDSA as signature algorithm like BTC, Stellar etc.
Thanos Wallet
Thanos is a free client-side interface for creating and using Lithosphere wallets. The Thanos wallet contains a suite of innovative functions like cross-chain Swaps, multi-currency storage, NFT DEX, yield farming, lending, borrowing & more.
LEP100 Tokens and Litho Launchpad
LEP100 is a multi contract-compatible token development standard for the Lithosphere network proposed by Joel Kasr. It is like Ethereum’s ERC20 with a friendly standard to allow anyone to use digital currencies or tokens in the Lithosphere network. You can peg onto any networks by using any leading digital assets when you peg them with the LEP100 tokens. The Lithosphere ecosystem is very supportive, and it funds all LEP100 bootstraps with various DeFI projects through the Litho Launchpad.
LUSD Algorithmic Stablecoin
Litho USD coin (LUSD) is similar to algorithmic stablecoin protocols operating on the Ethereum blockchain, but unlike coins like U.S. Dollar Coin (USDC) and Tether (USDT) which are backed by audited holdings of U.S. dollars or crypto assets like PAX Gold (PAXG), Litho USD coin is not pegged to the U.S. dollar or any crypto collateral.
True Interoperability
Most blockchain networks that advertise interoperability are in fact using a compatibility model by forcing connecting blockchains to adhere to their parachain / central Hub to facilitate communication between diverse networks. The Lithosphere project aims to create ecosystems that facilitate trust-less decentralized communication between different cross-blockchain transfers of any type of data or asset (not just tokens) without forcing any standards.
INCLUSIVE BY DESIGN
Lithosphere is a platform-level public chain in the digital economy era that as a key infrastructure for value transfer, can connect all kinds of values, provide complete financial functions, communicate diverse communities and tokens, and bridge centralized and decentralized organizations.
NFT INTEROPERABILITY
Presently, NFT can only be transferred to parties within a given network. At the moment one can’t pay for Ethereum NFT using Smart Chain (BSC) tokens or vice-versa. With Lithosphere, users in the eco-system will be able to receive and send tokens from any and all blockchains that support Byzantine Fault-Tolerant (BFT) consensus through dApps on Lithosphere, the LithoSwap DEX or Thanos wallet.
DEEP NEURAL NETWORKS
In decentralized finance (DeFi), a Deep Neural Network might help detect abnormal token price movements, which could be part of a flash-loan attack. A decentralized autonomous organization (DAO) might trade tokens automatically with a DNN trained continually through reinforcement learning. A content creator might apply a generative adversarial network (GAN) to generate visual art images, and subsequently tokenize them as non-fungible tokens (NFTs) tradable in LithoSwap DEX.
LEP100 TOKEN STANDARD
The Lithosphere network is a multi-chain architecture that allows anybody to develop dApps and other blockchain-based digital assets. It ensures cross-chain trade, minimal gas consumption, and quick transactions with safe transactions. LEP100 makes it possible for tokens on the Lithosphere chain to function properly.
A MOVEMENT TO PROMOTE BLOCKCHAIN TECHNOLOGY
The Internet of Values presently has a usability bottleneck, which will require continuing work in the future to improve. To contribute to the usefulness of blockchain technology, we will start the “Decentralize Everything” movement. The movement will be a long-term project, with monthly training sessions for conventional Internet employees and other technical staff.
LITHOSPHERE APPLICATIONS
Borrowing and Lending
Payment and Settlement
Transaction and Exchange
Investment and Financing
MORE APPLICATIONS
Current Lithosphere Features :
Interoperability
Next-generation Blockchain for NFTs
Time-Lock Feature
Security
Scalability
Digital Assets
Staking
Cross-chain gaming assets.
CONCLUSION
The Lithosphere project has created a new token standard, Litho currency (LITHO), and a key distribution mechanism to achieve the goal of the inclusive decentralized platform. The design of the native token is mostly comprised of the following five elements: A total of one billion tokens are available. The KaJ Labs team set out to create a worldwide blockchain network that is quicker, cheaper, and more environmentally friendly than existing blockchains such as Cardano, Polkadot, and Ethereum 2.0. Lithosphere may be thought of as the foundation for both old and new blockchains.
USEFUL LINKS :
Website : https://lithosphere.network/
Whitepaper : https://lithosphere.network/wp-content/uploads/2021/07/Lithosphere_Whitepaper.pdf
Litepaper : https://lithosphere.network/wp-content/uploads/2021/07/Lithosphere-Litepaper.pdf
Twitter : https://twitter.com/SuperLitho
Telegram : https://t.me/lithochat
Linkedin : https://www.linkedin.com/company/kaj-labs/
Author :
Bitcointalk Unsername: DuitMoney
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3193786;sa=summary
Telegram Unsername: @Duitmoneyyy
BEP-20 Address: 0x9b33623c5683675E7f3f3188D881E8df77a28235