Lightchain (LIGHT): Double-Layer Cryptocurrency Structure?
There are numerous types of blockchain services in the market so far, and more are coming up by the day. The good news is that most of these have a whole lot of benefits to offer for the users. But there is also some bad news as well since some of the options out there are nowhere close to legit.
The best you can do is equipping yourself with the right information before stepping into the action. Well, keep reading as we look through LightChain LIGHT to understand whether it is ideal for you or you need to stay right clear.
About Lightchain (LIGHT)
LightChain is designed as a double-layer tech that is looking into solving issues in blockchain performance. The company is optimistic that it will lead the technology into a whole new dimension, the “millisecond transaction era” with superfast transaction speeds that have not been seen yet.
So far, some of the aspects that have been dragging bitcoin are slow transaction speed and high levels of the transaction fees, which is also a problem across the entire cryptocurrency ecosystem. As the system is designed so far, only 1MB of data can be available in a bitcoin block, which means only this amount of transaction data can be allowed for every ten minutes.
How Lightchain (LIGHT) Works
To overcome this limit, Light Chain, also known as LIGHT, is designed to work as a double layer chain. The network comprises a prime-chain and then associated with several other sub-chains. LightChain is optimistic that the new blockchain architecture will enable the processing of thousands of transactions in a second.
The prime-chain will operate like the Bitcoin blockchain, hence offering immutability as well as transparency. The sub-chains on the other end will be able to enhance the speed of the services across the network through regular synchronizing and transcription of the transactions on to the main chain.
This design is reported to maintain the primary function of the blockchain technology in its super account nature, and ensures that records are not tampered with or destroyed. It also enhances the simultaneous realization of the processing speed, reaching up to 100,000 transaction requests in one second.
Another thing that Lightchain (LIGHT) reportedly packs up its sleeve is the concept known as Proof-of-Machine or POM. This is useful for validating the transactions executed on the sub-chains. Moreover, the sub-chains’ performance is boosted by a cache in the in-memory database.
This cache system goes a long way to increase the application performance through retention of frequently requested data that it stores in the memory. Eventually, it helps to reduce the need for queries on the database to get the needed data. Therefore, the architecture is simply divided into two sections; one is the prime-chain or the mother chain that works like a Bitcoin’s blockchain, and then the sub-chains work as Proof of Machine to validate the transactions.
Is Lightchain (LIGHT) Legit or Scam?
It is apparent that this tech is headed to becoming one of the best options around, which could be only a matter of time until it blows to full function. However, since it is yet to be tested in the field and confirmed as a real architecture that can make the acclaimed changes, it is still too early to rule out on whether it is the one or not. If you want to join LightChain and try it, then you will only need to be cautious, as it is a matter of risk.