What Is LemoChain?
The developers of the LemoCoin project or Lemo are committed to the creation of a decentralized data circulation ecosystem. This ecosystem will be focused on the facilitation of effective and open exchange of business data. The Lemo Smart Contract Value Transfer Protocol is able to achieve B2B and P2P data exchange via a DApp platform.
The innovative technology developed by Lemo, combined with its inclusive nature and a comprehensive governance structure, will ensure Lemo is a reliable platform. From a technical point of view, Lemo possesses strong research capabilities. By establishing a technological framework, Lemo is going to be the first blockchain that will run on the D-PoVP consensus mechanism. This mechanism will be implemented in consideration of various regulatory requirements for commercial applications.
To ensure data security, the platform developers will implement secure multi-layer computation, homomorphic encryption, and zero-knowledge proof. Besides securing data, these measures will also ensure efficient transfer of data.
For ecosystem governance, the Lemo Foundation has been designed to drive the growth of R&D. It will also be in charge of overall development of the Lemo ecosystem as well as governance transparency. This will ensure universal cooperation and security between all stakeholders.
The Foundation will regularly evaluate all aspects of the open source community from different perspectives such as team management, code management, public relations, and financial management. This will ensure the sustainability of Lemo and security of the crowdfunding.
LemoChain Business Providers Blockchain Mobile Applications
For the mobile applications, Lemo and various service providers will enhance the off-chain capabilities of the platform. To achieve this, they will facilitate the development of decentralized applications and provide smart contracts, which align with commercial logic. Eventually, not only will Lemo strive for broad adoption of the Go-Mobile strategies, it will ultimately aim to optimize traditional businesses with the help of the blockchain. Developers of Lemo believe that realizing the potential of the blockchain for business development will bring tangible benefits to various stakeholders.
LemoChain LEMO ICO Details
The pre-ICO for the LEMO coin is live now and the main ICO starts on April 2nd. You can invest in the LEMO token using Ethereum.
Why LemoChain Matters
Since the launch of Bitcoin in 2009, there are countless projects launched which strive to achieve socio-economic development via decentralization and distributed ledger. One of the most notable of these projects is the Ethereum project. Ethereum is a poroject focused on proving that smart contracts work while developing a universal platform for DApps.
However, despite these major leaps in technology, the blockchain still faces numerous challenges from both a technical and industrial perspective. For instance, many of the smart contracts today, struggle to connect with real businesses. This is due to their technological distance to ordinary businesses. In most cases, both the Ethereum and blockchain have limited widespread application for the common users.
The existing consensus mechanisms do not have efficiency and flexibility. The reason for this is that the exchange of value is not centered on transferability to real business scenarios. Another issue is the compatibility issues of different blockchains. For instance, account-based Ethereum is not compatible with the UTXO-based Bitcoin ecosystem.
Finally, the existing blockchain platforms are alienated from their off-chain data. Most smart contracts today will only accept on-chain data as the trigger condition. The ICO is set to launch on April 2, 2018.