Locus Chain
Information Technology & Services - Singapore, , Singapore
Locus Chain Employees
Locus Chain Details
Locus Chain, with the slogan of "cryptocurrency for practical use", is a cryptocurrency that is currently in its development process to achieve the goal of demonstrating the performance of processing thousands of transactions per second on the blockchain network formed of widely distributed ordinary devices such as general PC, mobile phone, etc. The most important technological problems that need to be resolved in order to achieve the goal above are network throughput and transaction computation issues. Locus Chain adopts subnetwork formation and distributed processing through Sharding as a method of decreasing the network throughput and computation. The consensus algorithm within the shards applies the BFT characteristic to shorten the time it takes to settle the transactions. DAG based data structure has been adopted as the ledger structure to implement real time Dynamic Sharding and Pruning. Locus Chain has issued the Ethereum based ERC-20 token called LOCUS, and it has been listed on global cryptocurrency exchanges including IDAX, Btrade and LATOKEN. Locus Chain is planning on supporting atomic swap with LOCUS coin after launching its mainnet in the near future.
