Hi friends, this time I will provide information about a very interesting project for you to know about a new cryptocurrency called Lithosphere. Before going to the discussion, I think we all agree that blockchain technology still needs efforts to encourage adoption so that it continues to grow and continue to develop in the future. So for that, let's see a brief review of the Lithosphere project below.
Introduction to Lithosphere Network
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.
What is Lithosphere Network?
The purpose of the internet of Values’ is to connect various values to blockchains so that smart contracts may manage them. Individual collaboration is enabled through the Internet of Values, which is decentralized, disintermediated, inclusive, and programmable. As blockchain limits are solved, the Internet of Values will definitely spread at a quicker rate. 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.
What are the Features of Lithosphere?
Interoperability: Decentralized custodian paradigm for cross-chain interoperability (MDKM)
NFTs’ Next-Generation Blockchain: A cross-chain network that is scalable, decentralized, and designed to offer non-fungible tokens to everyone.
Feature of Time-Lock: The Time-Lock function in Lithosphere allows you to extract time-value from your digital assets.
Security: MDKM technology allows you to manage and control private keys in a distributed manner.
Scalability: For PoWblockchains like Bitcoin and Ethereum v1, solving the scaling challenge is still a work in progress. Currently, Bitcoin and Ethereum nodes process all transactions and retain all state information.EVM zones enabled by Lithosphere’s consensus and operating on bridged-crypto can bring improved speed to PoWblockchainsEthereum, Litecoin, and Bitcoin since proof-of-stake can commit blocks considerably faster than proof-of-work.
Assets in the Digital Age: Using the Lithosphere’s LEP100 protocol, you may create, manage, and even lend your own digital assets and NFTs.
Gaming assets that support different blockchains.: Players own the game economies. Make in-game assets that will be available indefinitely. Allow gamers to move their loot from one game to another or into the real world via the JOT ART blockchain, which is powered by Litho.
Conclusion
Lithosphere will provide development environments for smart contracts as well as function libraries. These functions may be used by developers to speed up the creation of smart contracts. To 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.
This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:
Username: Bidadari_surga
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1011291
BSC Wallet Address: 0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3