A hash is a one-way function that converts one value to another.
Insight on LTO.
LTO blockchain is currently working on joining an equal performance with several applications and systems that contribute to the increase in the level of transparency, reliability and strong security of confidential data in accordance with all the necessary requirements under GDPR. The network has the ability to exchange data directly with each other, which exempts the entire network, as is the case in the public blockchain. This ensures the transmission of reliable and consistent data. LTO network also comes with an event validation which allows users to check each process on the rules established in the system, unauthorized actions cannot be performed by other participants, whereby there's a built in system to block such acts once detected.
LTO has established a reliable blockchain business processes, that will contribute to the increase in mass distribution and implementation in various organizations and businesses.
LTO Network functionality can be split into two layers.
Layer 2 consists of ad-hoc permissionless private chains, each with their own workflow logic. Every Live Contract rests upon its own miniature chain, making for ad-hoc collaboration.
The logic in each miniature chain is defined as Finite State Machine, which differentiates LTO Network from other side chain projects. This makes the logic in a Live Contract understandable for both humans and machines.
Each private chain is visible to and shared only with the participants that are supposed to be interacting in that particular Live Contract. This means that the number of participants on each chain is limited, as most legal contracts consist of only about a handful participants.
As a result, guaranteeing immutability on just the private chain itself is hard. This is where the public chain comes in (layer 1). Every event happening in layer 2 (or rather, the fact that an event happened, not the data itself) is being hashed onto layer 1.
Website: https://lto.network
Telegram: https://t.me/LTOnetwork
Medium: https://medium.com/ltonetwork
Twitter: https://twitter.com/ltonetwork
Youtube: https://www.youtube.com/channel/UCaHcF-xterKYTKSpY4xgKiw
Github: https://github.com/legalthings
Author 🆔 : Moshaid.
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