[ANN][ICO FULLY SOLD]Lightchain|Double-Layer Structure|100,000 Query/sec|

[lorylore]

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Problems in Real World

The emergence of blockchain technology brings us enormous benefits, but the performance and scalability issues makes it difficult for blockchain technology to be widely adopted. We can truly embrace the benefits of blockchain technology only when we solve the performance and scalability issues.

Solution

We propose a solution to the performance and scalability problems. Light Chain (LIGHT) is designed to be the world’s first double-layer chain. The LIGHT network is composed of one prime-chain and numerous sub-chains. The prime-chain works like bitcoin to provide an immutable and transparent super-ledger while sub-chains provide a fast network under the prime chain, it syncs up with the prime-chain on a regular basis.

LIGHT’s double-layer structure keeps the benefits of immutability and transparency of information, while providing a performance level of 100k QPS (query per second), which is enough for even the high-frequency transactions of 2017. LIGHT’s double-layer structure is composed of a prime-chain and numerous sub-chains. The prime-chain is the mother chain, and there is only one prime-chain in LIGHT’s network. Sub-chains are independent from each other, and the number of sub-chains can be expanded when necessary. The prime-chain is a decentralized and distributed network that is immutable and transparent to the public. Sub-chains are based on a PoM (Proof of Machine) validation model, combined with an in-memory database, to achieve substantial improvements in performance.

Token Sale

Due to popular demand, ICO has been over subscribed and tokens have been fully sold.

Roadmap

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[lorylore]

After discussion with my friends, this is our project summary:

Light Chain (LIGHT) is designed to be the world’s first double-layer chain. The LIGHT network is composed of one prime-chain and numerous sub-chains. The prime-chain works like bitcoin to provide an immutable and transparent super-ledger while sub-chains provide a fast network (performance level of 100k query per second) under the prime chain, it syncs up with the prime-chain on a regular basis. and is suitable for all applications including high-frequency transaction.

By solving the scalability and performance problem of decentralized networks (e.g. Bitcoin and Ethereum), LIGHT’s double-layer structure can be utilized to all applications in mankind.

The Light Coin:
In LIGHT’s ecosystem, we preset a constant number of Light Coins. Similar to the bitcoin and Ethereum systems, miners are rewarded by Light Coin through PoW on the prime-chain;

- Gas is burned every time the sub-chain syncs up with the main-chain. The gas is rewarded to miners;
- A certain number of Light Coins must be pledged when a sub-chain is created. The pledged Light Coins can be used as Gas in the sub-chain, and the number of LIGHT Coins pledged grows over time

[lorylore]

Lightchain is give ETH for joining their telegram. You can even earn more ETH by referring your friends.

For more details on the airdrop, visit https://bitcointalk.org/index.php?topic=2732316.0

[nxnqauff]

Today is the day of whole lot of interesting new projects it seems. Looking forward to look into the whitepaper, roadmap etc. Also looking forward for airdrops and bounties.

[_ATOmix_]

Hello,

So how decentralized are sub-chains? When you say in memory databases you mean SQL servers? In that case what happens if those servers are taken down?

[xibeijan]

Reserved

[samspaces]

Rip off of Bitcoin Lightning network. Happens to be sold out on the day of the announcement. Just another erc20 garbage token. Thanks a lot, Vitalik.

[MoneyJ]

This is just a marketing stunt that mode ME fell over the edge of my Seat . Obviously ICO was over with 100% token sold. And it makes ME wonder is it a private sale that occured?

[lorylore]

ICO missed, why post this here so late ?

My team was being approached by this ICO. Their ICO was so popular that even before any marketing is needed, they already have sold out their ICO. However, they still want to spread their ICO information to more people and hence this thread is aim at providing information, and not marketing for ICO purposes.

Today is the day of whole lot of interesting new projects it seems. Looking forward to look into the whitepaper, roadmap etc. Also looking forward for airdrops and bounties.

There will be an amazing airdrops coming soon. Stay tune.

Hello,

So how decentralized are sub-chains? When you say in memory databases you mean SQL servers? In that case what happens if those servers are taken down?

Very good question. Let me ask the dev team and get back to you with the answer.

Rip off of Bitcoin Lightning network. Happens to be sold out on the day of the announcement. Just another erc20 garbage token. Thanks a lot, Vitalik.

Personally, after reading the whitepaper and discussing with my friends, I would not classify this as garbage. In fact, I am even interested to invest. Do check it out more.

This is just a marketing stunt that mode ME fell over the edge of my Seat . Obviously ICO was over with 100% token sold. And it makes ME wonder is it a private sale that occured?

This is just a marketing stunt that mode ME fell over the edge of my Seat . Obviously ICO was over with 100% token sold. And it makes ME wonder is it a private sale that occured?

Yes it is. Before the team can do any much marketing, it has been spread widely by word of mouth. Personally, as I discuss with my friends, I am also became very interested in this ICO but too bad it is already fully sold.

I will try to publish whatever i understand so that you all can also understand what I see in this project.

[paploo]

How many confirmed transactions per second?

[ltt88]

hi dev. how to check my  referral ?? .. group telegram not reply support member

[johnnie18]

There's a delay in your BOT response but I successfully registered. Hope we could benefit from it.. looking forward in your great dev.

[btcdee]

There's a delay in your BOT response but I successfully registered. Hope we could benefit from it.. looking forward in your great dev.

I could not get the BOT to respond. How long was the delay?

[lorylore]

There's a delay in your BOT response but I successfully registered. Hope we could benefit from it.. looking forward in your great dev.

I could not get the BOT to respond. How long was the delay?

The airdrop/bounty program has ended as the number of people has reached the limit of the bounty. It was stopped at 12midnight GMT+8.

How many confirmed transactions per second?

On paper it is 100,000 Query/sec.

[The Crypto Peasant]

Very interesting, So a bit of marketing among cryptocurrency forums, (any idea when it may hit a few exchanges)

[Alpha0One1]

How did this ICO happen to complete 50,000 eth, with only 2 days of announcement in bitcointalk, no campaign, not even an ICO schedule? 

[_ATOmix_]

What's the address of the smart contract used for the ICO?

[ltt88]

Are you dev or Participant ICO?

[lorylore]

Very interesting, So a bit of marketing among cryptocurrency forums, (any idea when it may hit a few exchanges)

I am also waiting for the official news. Do consider to join our telegram to have the latest news. I am also keeping track of the telegram to see when it hits on the exchange and buy from there.

How did this ICO happen to complete 50,000 eth, with only 2 days of announcement in bitcointalk, no campaign, not even an ICO schedule? 

When we received the project, the hardcap is already reached. There are a lot of interest in this project until they have been fully sold out without any marketing needed. However, moving forward, they are now doing marketing is more for exposure and not for fund rising.

What's the address of the smart contract used for the ICO?

It is not an erc token. it has its own mainnet. It produces gas which is needed to run the dapps. That is also why the dapps need the tokens to be pledged.

Are you dev or Participant ICO?

I am part of the service provider for LightChain. However, after doing my due diligence on the company, I am also interested in getting the tokens. However, ICO is already sold out before that. We are able to reach out to the dev.

[Alpha0One1]

How did this ICO happen to complete 50,000 eth, with only 2 days of announcement in bitcointalk, no campaign, not even an ICO schedule? 

When we received the project, the hardcap is already reached. There are a lot of interest in this project until they have been fully sold out without any marketing needed. However, moving forward, they are now doing marketing is more for exposure and not for fund rising.

Thanks for the reply. So basically it was a private sale to VC's or whales? How much bonuses did they get in the private sale? What rate/price did they get it?
If there are ICO plans for the public, what will be the rate?