INTRODUCTION
The evolution of the internet has a lot to do with the way the world functions now. It has provided an opportunity for the world to have access to information at their fingertips. About 59% of the world population, that is, almost 4.57 billion people, is estimated to be connected to the internet. The invention of smartphones has also made things easy for the world. Millions of people can connect from different parts of the world, using just their smartphones and the internet. Digital banking has also been introduced to aid easy exchanges. There are so many free and paid phone applications for banking that people can use for all sorts of transactions. Users can be in the comfort of their homes/offices and make transactions as long as they have a smartphone, the app installed on their phones, and an internet connection.
Largo platform has developed a decentralized coin for users to utilize for their transactions.
BENEFITS
It allows everyone in the world to connect and utilize the network.
Every transaction records are kept on the Largo database.
All records are public, giving users access to audit the records. Therefore, the transactions are transparent.
No user can tamper with records.
It has also made the use of middlemen irrelevant. Users can make all kinds of transactions without having to pay any third-party agency a dime.
Largo's platform is safe and secure. And the user’s privacy is ensured. There is no need to validate your wealth with security agencies.
All transactions and verifications of the Largo platform are instant.
HOW MASTER NODE ASSURES SECURITY
Masternode is a blockchain network full node or PC wallet that can store a complete copy of the distributed ledger in real-time. The advantage is that it allows fast transactions and ensures user privacy.
A computer running with a full node on a Blockchain system can be expensive and leads to a reduced number of full nodes that isn't cost-effective.
The enormous mining activity has caused mining reservoirs to occupy most of the resources. As the number of full nodes decreases, it affects the effective operation of Blockchain and can cause increase the processing time of exchanges and system clog.
Trying to solve this problem, master node starts acting as full nodes, and their operators are paid financially.
Master node functions
• Increase transaction privacy.
• Make instant transactions.
• Participation in management and voting.
• Enable the budgeting system and cryptocurrency vaults.
Just like full nodes in a cryptocurrency, master nodes can be controlled by anyone. However, there is a barrier to entry to ensure that your system doesn't become malicious. The barrier of entry is what the user needs to verify or secure certain units of that particular cryptocurrency to run the root node.
To ensure that the master node owner does not cheat or damage the system in any way, the barrier entry is placed where the master node operator has something to lose throughout the game.
Official Resources
Website:https://largocoin.io/
Whitepaper: https://largocoin.io/wp-content/uploads/2019/06/WP-v4-converted.pdf
ANN : https://bitcointalk.org/index.php?topic=5200762
Telegram : https://t.me/largocoin_chat
Facebook : https://www.facebook.com/LargoCoinPublic
Twitter : https://twitter.com/largocoin
Medium : https://t.me/largocoin_chat
Youtube : https://largocoin.io/wp-content/uploads/Largo_Coin_en1.mp4
Authors Info
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2635666
Bitcointalk Username : chuksmy
LRG Address: DQp6hQZDGyUZSViy7cmiBxBro3UEt7NRHJ