- LTO Network (LTO) is a hybrid blockchain protocol that is designed for workflows and business automation.
- Known by its native token LTO, it was established in 2014 as a subsidiary of Firm24.
- LTO Network allows the control of transactions, exchange information between parties and create supply chains to secure data transfer to the third party.
LTO Network (LTO) is a hybrid blockchain protocol that is designed for workflows and business automation. The hybrid approach makes the LTO network an immutable digital notary. Thanks to its live contracts, it allows companies to enter and carry out transactions and exchange information with each other. Established in 2014, the LTO network is a subsidiary of Firm24. One of the primary goals of the project was to implement simple legal transactions on the blockchain network. The motive was to create an interaction between private and public blockchains.
LTO Network allows the user to control the transaction, exchange information between parties and create supply chains to secure data transfer to the third party. As the process is automated, the LTO Network allows the companies to focus on businesses' efficiency, transparency, and security.
How does LTO Network work?
LTO Network uses the Least Proof of Work consensus (PoW) to ensure consensus, which allows it to keep few token holders in the system. Mainly based on Ethereum's ERC-20, the LTO Network allows investors to trade in the ERC-20. As it is digitised and highly secured, it allows decisions that are taken are highly transparent and safe. The companies who are looking for the automation process seem to find it as an ideal solution. With the combination of private chains and a public Leased-Proof-of-Stake blockchain, the LTO Network ensures the data stays intact and in the hands of the users.
LTO Network issues public keys to each user involved in the blockchain and publishes a certificate that gives it an identity. These certificates can be accessed by third parties, which prove to be critical to ensure trust.
Is LTO Network a good investment for you?
LTO Network is ranked #401 on CoinMarketCap. According to CoinMarketCap, the LTO is trading at $0.30 with a 24-hour trading volume of $1,50,73,891. At the time of writing (BST 12:00 pm), LTO was up by 10.78% in the last 24 hours. LTO currently has a live market cap of US $8,86,84,024 with a circulating 29,20,39,156 LTO coins.
The LTO has shown a bullish sentiment of late following a reasonable trading period. In April 2021, it registered a significant loss of 86% from its all-time high of $0.90. But with the cryptocurrency market recovering in July-August, the LTO Network has found a niche for itself.
LTO Network projects itself as a strong coin and a good investment option. The recent bullish run should also give investors and traders confidence in investing in the token. Being digitised and highly secure, it gives the investors’ confidence and brings the trust factor to the fore in the highly volatile crypto market.