LAPO NETWORK PROTOCOLS - 2.0
The core of the LAPO ecosystem.
In 2008 Satoshi Nakamoto presented the first concept of the Blockchain in a White Paper. In 2009 from this idea he created the Bitcoin and the Blockchain officially was born.
Since then many new coins have been created, new technologies developed and the blockchain evolved providing a range of useful features and services. LAPO continues this evolution redesigning and improving those already tried and tested technologies to deliver an integrated, fast, privacy-centric, decentralized cryptographic payment ecosystem.
LAX is the native token of the LAPO Network Protocol, all the transactions running on the network are expressed in LAX and the cost of the transaction is paid directly in LAX. The services offered in the LAPO ecosystem (ePlatform and eFinance) have a cost expressed in LAX and might require a locked minimal amount of LAX in order to work.
LAPO NETWORK PROTOCOL 1.0
The classic Bitcoin approach is essentially a way to synchronize a distributed system through common transaction logs. It requires that each network node store the full copy of the transaction history. Obviously, this does not scale well, since eventually not every node will be able to store the full history.
LAPO Network Protocol works in a “2 Tier” Model where each tier has a specific function
The First Tier is used by the miner to secure the Blockchain using Lyra2zz Proof-of-Work algorithm until the Q2 2019. After that date the First Tier will work only on Proof-of-Stake mode inherited from PIVX.
The Second Tier is the “Masternode” level: Masternodes are used to process the transactions and the Blockchain. This approach produces the best performance possible using a robust and highly serviceable network in the most critical part of the Blockchain. The Masternode process all the Proof-of-Service algorithm.
Unlike Bitcoin's single-tier network, where all jobs on the network are performed by miners, LAPO Network Protocol utilizes a two-tier network. Certain network functions, such as creating new blocks, are handled by the miners. The second tier of the network consists of "Masternodes" which perform more critical tasks like: Lightning Payment Confirmation and governance functions. Masternodes require 1’000’000 LAX as collateral to prevent sybil attacks. That collateral can be spent or removed at any time, but doing so removes the associated Masternode from the network.
LAPO NETWORK PROTOCOL 2.0
During 2019 we completed the switch from our old PIVX based technology into the new Token based on Stellar Network. It uses an accounting ledger, shared across a network of independent computers, to store two important things for every account holder: what they own (their account balances) and what they want to do with what they own (operations on those balances, like buy or sell offers.).
Stellar has been running for four years and has handled over 450 million operations by over 3 million individual accounts.
|Name||LAPO Utility Token (LAX)|
|Blockchain||Stellar - stellar.org|
|Max supply||10'000'000'000 LAX|
|Consensus||Stellar Consensus Protocol.|
|Type of inflation||Community Pool|
The LAPO Utility Token (LAX) can be stored in any Stellar wallet that supports the native Stellar Tokens.
You must download and activate one of these Stellar wallets, if you don't know how to setup the wallet, just follow this guide.
PLEASE NOTE: depending on the service you choose, you need a minimum of XLM (Stellar Lumen) in your wallet in order to activate it and receive your LAX.