Please note:
1) I have no connection with the LNCH project or the developers of LNCH, it has been in development for over a year, a collaboration by a global array of blockchain and crypto related companies, and I am just someone interested in cryptocurrency and blockchain, technology. Therefore I am interested in Lightning Cash as a good project in this space with a great and decentralized team behind it and promising product.
2) It is not offered to or in the United States of America and China.
Dated: April 5, 2019 █▒
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General InformationAt the foundational level, LNCH (Lightning Cash) is an all encompassing blockchain operating system, decentralized exchange, and dark pool protocol with an adoptable technology stack and graphical user experience holding a variety of blockchain based cryptocurrency applications. Usable for anything and everything related to blockchains, while also bringing along all the benefits of existing modern day operating systems. All blockchain and cryptocurrency technologies and applications, old and new, are to be integrated into one platform for users to launch; this is the Lightning Cash Blockchain Operating System.
The Lightning Cash Blockchain Operating System will use a graphical user experience and a variety of blockchain based cryptocurrency applications. It is the consolidation of all cryptocurrency applications into one all encompassing blockchain operating system. The brilliance of this technology is that is is flexible and scalable enough that it can be used or adopted for any purpose related to blockchains. This is unlike other tokenized technologies, it is a buildable, scalable and flexible software that can adopt and adapt to all other existing technologies automatically. This removing the need to manage thousands of tokens, nodes, mining algorithms, on thousands of different wallets or their different respective user interfaces; this all will be integrated into the LNCH Blockchain Operating System. This consolidation of connections to blockchains is unique, and can be used by people who do not want the headaches of dealing with various independent blockchains; the key is to just use one, the LNCH Blockchain Operating System, right out of the box. Therefore, all other open source tokenized technologies will become absorbed and part of the LNCH Blockchain Operating System. In other words, people will not need to run five different computer control centers to run mining or staking on five different blockchain networks, they will only need one, the LNCH Blockchain Operating System. Beside other applications that can already be accomplished in modern day operating systems, which by default are to be included in the LNCH Blockchain Operating System, this all encompassing operating system can be launched at sole discretion of users to accomplish, build and create an all encompassing user experience and robust foundational infrastructure related to all existing and forthcoming blockchain, cryptocurency, and digital economy capabilities and applications.
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Plan and VisionTo tokenize a blockchain operating system and decentralized dark pool protocol exchange and create an all encompassing mission control center for blockchain technology development and application of consumer grade interaction using delegated proof of stake based consensus and security algorithms.
LNCH Technology, at the core and foundational level, is an all encompassing blockchain operating system, that has a graphical user experience which can interface with a variety of all encompassing blockchain related applications. It is usable for anything and everything related to blockchains, while also bringing along all the benefits of existing modern day operating systems (minus the viruses, spyware, adware etc. which only diminish from user experience; remember blockchains cannot get viruses!).
The LNCH Blockchain Operating System can be installed on existing computers the same way Windows, Mac, Linux can be installed on your existing machine.
It will replace these old and out-dated personal computer operating systems based on the inventions of Xerox PARC, by absorbing their functionality automatically, while also absorbing the functionality of traditional blockchains and all their existing applications, too.
That being said, operating systems like the variations of Windows, Mac, Linux that exist are more and more becoming a spyware tool instead of a software. Software should only serve the end-user and therefore the community at point of usage. When you are dealing with blockchains, you will rather use a blockchain operating system like LNCH.
Therefore, all other open source tokenized technologies will become absorbed and part of the LNCH Blockchain Operating System developed and supported by a decentralized community. In other words, people will not need to run five different computer control centers to run mining or staking on five different blockchain networks, they will only need one, the LNCH Blockchain Operating System, that creates these connections between incompatible blockchains and is powered by a consensus and security proof of stake token inflation based cryptographic algorithm; meaning there will never be directly any fees or transactional friction for any of its users!
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OpportunityConventional tools for secrecy of wealth management and the encryption of wealth creation are being heavily damaged, exposed, and restricted by governments, corporations, hacks and leaks of centralized entities entrusted as trusted third parties.
A tokenized backbone for an anonymous framework of “carrier pigeon” trading is urgently necessary. The LNCH software’s Dark Pool Protocol (DPP) introduces a method of hiding trade volumes and trade frequencies within a powerful decentralized, distributed, anonymous, and shareable infrastructure which consolidates all existing models of privacy-focused encrypted interaction within distributed blockchain systems.
As a result, it is possible to conduct trading off-blockchains and in the space between blockchains without limitations of existing technology, speed, reliability, or trust. All blockchain to blockchain movement can occur anonymously, instantly, and with heterogeneous blockchain consensus rules. So long as the chains support the same cryptographic hash function, it is possible to make trading across incompatible blockchains and cryptocurrencies without trust in corruptible third party custodians.
DPP leverages blockchain technology to build real world resolutions and use-case that demand the use of a token to incentivize more efficient best practices through an alignment of incentive between the parties involved.
The high costs of acquiring cryptocurrency these days means users must always hold some of that currency on standby to pay their respective blockchain’s fees. Therefore, having hidden capital lockup costs is worse than having proof of capital lock up costs. Dynamic crypto algorithms such as proof of stake take the idea of a three day lockup for funds in traditional banking and effectively make it zero or continuous to align with the current standards. When using blockchain technology for the clearing of information like a transaction, operations become more simple to grasp and understand technically and fundamentally. User perceptions or experience matter more than the reality under the hood. People do not perceive capital lock up at the protocol level the same way they do the direct costs of traditional blockchain fee models. Users can conduct transactions forever when all transactions have zero fees; any sort of fee model is a flaw, and so results in loss of capital for users who believe in the token economies future or the usage of the underlying technology itself. The opportunity cost for using technologies and software will always be zero, and so fees eventually will become negative.
Beside other applications that can already be accomplished in modern day operating systems, which by default are to be included in the Blockchain Operating System, this all encompassing operating system can be launched at sole discretion of users to accomplish, build and create an all encompassing user experience and robust foundational infrastructure related to all existing and forthcoming blockchain, cryptocurency, and digital economy capabilities and applications.
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Decentralized Exchange and Dark Pool Protocol as the first consumer grade application built on top of the LNCH Blockchain Operating SystemA truly Decentralized Exchange is an exchange market for data and information and the relaying of value which simply does not rely on any third party. Whether it is to hold user funds as custodian, manage servers or infrastructure, or to facilitate matching and confirming verification of these exchanges, there is no centralized component at play.
This decentralized and distributed technology can be utilized to connect a network of traders, investors, merchants, and the common user with various bid and ask counterparties that deal directly with each other anonymously and without the use of middle-men. Trading becomes automated, executed peer to peer between computers connecting the corresponding blockchains of bid and ask counterparties. Within this infrastructure, tokens can be representative of assets that can be transparently yet privately verified through the decentralized multi-signature system of exchange by Witnesses. Given that it is robustly peer to peer and hard to take down, a truly Decentralized Exchange has multiple layers of defense against malicious attacks, unlike existing centralized trading operations of exchange. Specific servers or institutions housing existing centralized exchange operations are all subject to arbitrary government and managerial control or maintenance, and become vulnerable to single point of failure.
A truly Decentralized Exchange provides three decisive benefits to its users and supporters: they are structurally global, and so lightning fast, reliably efficient, and remain open, active and available twenty-four hours every day, seven days every week, given the strength and scope of their distributed and shared network infrastructure. All transactions are anonymous, yet transparent to the bid and ask counterparties, thus ensuring secrecy of transacting amounts and participant identities. The transactions, their personal records, and the network itself are secured and verified by a dynamic proof of stake consensus and security algorithms. Interaction with this blockchain is open to the community of users at a frictionless, incorruptible interaction between users at zero-fees (while centralized exchanges have built-in opportunities for corruption. such as the racket of increasing of fees without representation).
The nature of a truly Decentralized Exchange is fundamental to providing safe and true peer to peer internet interactions between different cryptocurrency and blockchain infrastructures. Reducing identity theft, hacking, and centralized corruption is a positive side-effect of Decentralized Exchange, since cryptography renders centralized privacy exploiting KYC (Know Your Client) practices redundant. Users are able to maintain the security of their own information, identity, and private keys, and this security is reinforced by state of the art cryptographic elements.
The risk involved in centralized exchange are no longer acceptable; given the development of the internet today, a truly Decentralized Exchange will inevitably open new paths to innovation. Experienced and creative entrepreneurs are expanding these technologies; in addition, a growing network of Decentralized Exchange participants will enable people all around the world to conduct their life and their business globally at a fraction of today’s costs. This is the first step in moving from a world of me to a world of we with the philosophy of abundance.
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Key Elements of Lightning Cash TechnologyThe following are eight key elements describing the benefits of the Lightning Cash Blockchain Operating System.
Truly Decentralized: No central or solitary server, third-party authority, or single point of failure. It cannot be shut down.
Always Private, Always Secure: All interactions are untraceable. All interactions are supported by a dynamic proof of stake that is quantum-resistant by nature. Allows for cold staking; meaning a proof of staking mechanism where the stake of tokens is not exposed to a hot wallet environment that can be hacked or malfunction. All interaction is encrypted, therefore, any metadata leaks of user history or identity are impossible.
Scalable Flexibility: Can support a very high amount of traffic and transaction volumes through existing protocols and existing technologies such as Data Storage Network, Lightning Network, SegWit, IPFS, Onion-Routing, and even GSM or phone to phone.
Compatibility Across Blockchains: All cryptocurrencies can be transacted between blockchains, or across blockchains, instantly, and at zero-fees.
Cross-Protocol Compatibility: Functionality can be buildable and extendable to all protocols. Integration of existing protocols or technology such as Data Storage Network and Lightning Network allows for a consolidation of open technology without compromising decentralization or risk of hardforks.
Actively Passive Delegated Proof of Stake and TokenBurn: Users use the blockchain for free and without the friction created by a necessary token to pay fees. There are zero fees and every interaction is free. Tokens are instead used as payment and enforcement markers for the maintenance of the distributed blockchain infrastructure paid for through dynamic voted-upon inflation of the overall token supply as the blockchain network scales. In order to list a new application into the operating sysetm tokens will be burned into a smart contract.
Self-Governed, Self-Regulated: A truly Decentralized Exchange that is truly distributed and decentralized, therefore structurally sound to single point of failure or centralized corruptibility. The technology adopted to being the network is entirely governed by the community that supports this adoption of the technology to start the network, and not by a centralized authority that can be manipulated or corralled.
Operating System: As opposed to a state machine, LNCH is designed to allow for robust Decentralized Exchange infrastructure and adoption of Dark Pool Protocol and Lightning Network technologies into one operating system that is.
- Buildable
Web toolkit for interface development that allows any user to visualize the process of exchange with their own customizable user experience. - Flexible
Utilize parallel execution with asynchronous communication to delegate the clearing and ordering of trades at zero-fees. - Scalable
Support thousands of trade routes to connect a hundred exchange seats that clear millions of trades a second inside this algebra of trust. - Equal
To ensure inclusivity of opportunity, LNCH Tokens have no pre-determined price; rather price is set by the users. This mimics the market demand mechanisms of mining algorithms without giving potential unfair advantages to economies of scale. - Auditable
An Ethereum smart contract proves receipt of incoming ETH for LNCH Tokens with auditable transparency of the public Ethereum network's blockchain. LNCH Token holdings can become part of the genesis block of a new blockchain through a proof of hodling.
LNCH (Lightning Cash) Technology is the consolidation of all cryptocurrency applications and open source software into one all encompassing blockchain operating system.
This software is being developed for the advancement of free market systems and open source societies in order to secure life, liberty, and property to give back the power of freedom to the people.
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Capabilities of Lightning Cash Technology are:Delegated Proof of Stake consensus; Anonymous transactions; Zero transaction fees; Token burn when users add new assets to the decentralized exchange; Microcredit / Lightning Credit peer to peer decentralized payment system; Private content publishing platform; Bandwith and disk space tokenization and trading; Censorship resistant, cross blockchain transactions between incompatible networks, social media, Internet browsing; Always encrypted and anonymous communications, instant encrypted private messaging, text, video, virtual reality gaming, representations of blockchain applications in virtual reality worlds; Censorship resistant DNS; Scalable TOR and onion routing transport protocol applications; Scalable Lightning Network, SegWit, IPFS; Crossborder microfinancial contracts; Text, speech processing; Music, audio, smell processing; Peer to peer video and audio streaming; Graphical command line interface for cross blockchain management, keychains, nodes, mining; Financing innovation and development without Wall Street, Sand Hill Road; Development of new blockchain and cryptocurrency applications to be run on the Lightning Network Exchange Cash Operating System and Dark Pool Protocol.
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Applications of Lightning Cash Technology are:Anonymous decentralized exchange; Masternodes; Distributed solar power grid for the third world, no monopoly; Distributed Internet and wifi bandwidth grid, interplanetary scale by adoption of satellite nodes, no monopoly; Uncensorable prediction markets and self regulating stock exchanges; Swiss bank privacy as an automatic hardcoded service of the operating system; Virtual reality trading floor; Peer to peer loyalty platform; Decentraized education services; Distributed data peer to peer services; Decentralized search engine and distributed namespace services; Distributed computational services; Routers auctioning trade routes and micro transaction bandwidth; Servers charging clients to stop DDoS, spam; Self driving cars auctioning right of way, road usage or voting on road repair without the need for bureaucratic, political interventions; Identity ownership, control of your own privacy data; Blockchain based transparent charity; Permissionless file storage grid; Distributed artificial intelligence automatons; Evolving automaton decentralized lightning applications.
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Who is behind LNCH and the Lightning Cash Technology?They enjoy a deep bench of affiliations, connections, developers, designers, advisors, entrepreneurs, evangelists, startups, and partners including.
