LTO Network is a hybrid blockchain for decentralized b2b workflows.
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- What is LTO Network?
- How was LTO Network launched?
- Who is the Team behind LTO Network?
- How to stake LTO Network?
- How much can i earn staking LTO Network?
- Is there any risk to stake LTO Network?
LTO Network is a hybrid blockchain platform with Live Contracts. The goal of the technology is to help organizations break out of data silos, while maintaining GDPR compliance and easy integration with existing systems. Working with over 39 system integrators and ISVs, LTO Network became the top-25 most used blockchain as of the end of 2019.
LTO Network’s public blockchain was launched in January 2019, with existing centralized clients migrating to blockchain-infused products in April of the same year. In July 2019, Live Contracts and the event engine toolkit became open-sourced, making LTO Network architecture usable for end clients globally.
LTO Network didn’t start as a blockchain project, but rather evolved from a reputable Dutch IT company building centralized workflows for Heineken, Dekra, and others. Seeing the potential of the blockchain technology, LTO Network emerged out of Firm24 and LegalThings, further creating new products: Proofi, FillTheDoc, and LetsFlow. The team comprises ex-managers of Deloitte and PwC, which is where the business experience and exposure comes from, and talented Dutch developers with experience in the startup scene.
Anyone can set up a node and become a validator by staking LTO, helping decentralize and secure the network, while receiving blockchain rewards. If you are not tech-savvy, you can just lease your mainnet LTO to other nodes and share network rewards with them.
The individual LTO rewards depends on the Network Rewards (Transaction Fees spent on the Network) and the Total Staked.
Every block one staking node operator is randomly selected to create a new block, whereas 1 staked token counts as one “lottery ticket”. The staker receives the fees of all transactions successfully included in this block.
Staking Node Operators share the rewards with their delegators after deducting a commission.
In our LTO Network Staking Calculator you can play and make network assumptions to create reward scenarios.
No, there is no stake slashing with LTO Network. The only risk is not having a proper node uptime which would prevent you from mining and getting rewards. And if you are leasiong to a community public node, make sure the node operator is acting in good faith and makes distributions on time.