Modern entrepreneurs are becoming interested in Blockchain-based projects, although the development of a company based on distributed ledger technology poses some challenges. Two of the biggest are the low speed for processing high transaction and fees. Following several unsuccessful Ethereum forks, token development platform LindaX seems to have found the secret ingredient to increase the speed of transactions and at the same time provide more accessible costs for gas.
On Ethereum, forks occur when developers provide spin-offs to the initial source code within the Blockchain. LindaX is a type of new generation fork that tries to accelerate transactions up to 50% with the recent development of its proprietary Blockchain.
Ethereum Makeover with 50% less transactional costs for gas
Designed for both businesses and developers, the LindaX token development project introduces an Ethereum-type network where users can create their own tokens using a set of protocols. Made for companies and LLCs, the platform follows consortium models to outline specific behaviors and chain ethics.
LindaX enables multi-layer networks developed to improve decentralization. Essentially, the software integrates into the main chain of the network, thus creating a dynamic approach to the development of tokens and Dapps.
The underlying technology is similar to Ethereum's ERC20, although it offers the added benefit of a developer support system. The platform helps with the development of utility tokens, but also with marketing and additional requests that companies might have when starting a token.
Initially an Ethereum fork, LindaX will operate on its own Blockchain powered by a PoA (proof of authority) consent algorithm. Blocking time on LindaX is an estimate of 5 seconds per block, which allows the Blockchain to start 179 transactions per second and beyond, as opposed to Ethereum which can handle only 6 transactions.
Consensus algorithm that does not require extraction to protect the network
LindaX uses a PoA (proof of authority) consent engine, which will be supported on the LindaX virtual machine (LXM). The reason why PoA was chosen in place of PoW (job proof) is because PoA does not involve mining to keep the network safe. Furthermore, the platform is based on "validators" to make sure that the transactions added to the blocks are feasible, processed correctly and performed on LXM.
The PoA protocol solves critical safety issues commonly associated with PoS and PoW networks much more efficiently. Using publicly known validators, responsibility and trust can be more clearly defined. Validators are rewarded for services rendered on the network and the omission of doing so leads to loss of premiums.
An integral part of LindaX Blockchain is LindaX TestNet, also known as "Trajectory"; a test network that helps developers implement Dapp and smart contracts with zero cost. Focusing exclusively on back-end development, the client can optimize their utility tokens to ensure they are at the height of their expectations. Facilitating the transition from the test phase to the production phase, the whole development process becomes easier and hassle-free.
The LindaX Trajectory test network provides a smoother transition to the LindaX mainnet, & # 39; Orbital & # 39 ;, the main blockchain that powers the network using the PoA consensus protocol. Orbital requires that all published Dapp and smart contracts be reviewed and approved before being publicly distributed.
LindaX is a product of P2P, the Lindacoin proof-of-stake digital currency (PoS). Its purpose is to become a reliable international token development platform. All token proposals will be pre-verified before being accepted on the network to ensure transparency and security.
LindaX held its ICO pre-sale for Lindacoin holders in August 2018 when all 3M LX tokens were sold out in 12 hours. Upcoming milestones include the launch of the LindaX proprietary portfolios, the "Trajectory" testnet and the "Orbital" core network at the start of 2019.