LowSea Leasing Node update (1st of May 2021)

And here I thought I would be writing all sad about our dip and failing to recover in price after hitting ATH a short while ago. Well, can’t really complain now. We’re seeing a nice breakout from the descending triangle that LTO was stuck in these last two weeks and are on our way up again to take another shot at 90 cents ATH most likely.

But price isn’t everything! So what’s been happening with LTO these last two weeks?!

We saw an update to the tech roadmap pop up: https://blog.ltonetwork.com/roadmap-quarterly-update/

It talks about new tech implementations like the multi-curve support for signatures (useful to support a wider branch of functionality and cross-chain activity later on), updates on sponsored fees and associations (transactions) adjustments. And not to forget the introduction of the claims transaction type (which was announced before in a Reddit AMA a while back), which preps LTO for supply chain tracking (and making it enter the space that Vechain and TRAC occupy). LTO had no plans to do this at first, but a client requested the possibility and it will make it possible to bring more different use cases to LTO Network… so, why not!?

There were some amazing articles published, outlining the road of Decentralized Identities (DID), Verifiable Credentials (VC) and how it will impact the next steps in #DeFi and blockchain adoption. Together it’s like an all-you-can-read buffet of LTO awesomeness, with the danger of getting overstuffed!

Check out the Hackernoon articles below

1) https://hackernoon.com/blockchain-and-iso-sharing-a-drive-ce4s63vlq (older article)

2) https://hackernoon.com/land-administration-in-afghanistan-un-looks-towards-blockchain-8p2y3z9v (older article)

3) https://hackernoon.com/decentralized-identifiers-for-defi-definitively-25j33qa (DIDs for DeFi)

4) https://hackernoon.com/decentralized-identifiers-dids-a-deeper-dive-04383442 (DID Deeper Dive)

5) https://hackernoon.com/understanding-the-verifiable-credentials-vcs-it1535e9 (Understanding Verifiable Credentials)

Besides that, there’s a very nice (non-LTO) video from Microsoft explaining DIDs and VCs that might make things a little clearer:

VCs will replace many of the nowadays used credentials and center it around you as an individual, instead of around the supplier of the credential. Giving people more power over the data they share to other parties.

For the business side of things: LTO Network is now added to Blockdata: https://app.blockdata.tech/profiles/lto-network This service is used to introduce the products of LTO to companies/clients, including Fortune 500 companies.

The community also scooped up some interesting news about Australia looking at Land Registry on the Blockchain: https://cointelegraph.com/news/australian-senate-committee-calls-for-national-blockchain-land-registry
Though there is no direct mention of LTO, in the article itself is a link to the United Nations Cointelegraph article which DOES mention LTO: https://cointelegraph.com/news/un-blockchain-tool-aims-to-improve-land-registry-in-afghanistan-s-cities
Could it be that Australia will be using LTO Network?! Or are they simply exploring possibilities and does LTO have a great opportunity to pull in another country next to the others that have already shown interest in the GoLand Registry that LTO Network created with the United Nations?! Time will tell!

For now, we’ve still not seen the UN node start up. Several Github security issues were solved and closed in the last two weeks though, so the day is coming ever closer.

On the exchanges side things are finally moving a bit more. In the last two weeks, LTO has been listed on:

HitBTC: https://twitter.com/hitbtc/status/1386552275791867905

And Flybit (Korean): https://flybit.com/trade/USDT/LTO

This is a nice uptick in exchanges together with previous period https://Gate.io, though we are still waiting for a few of the bigger ones to come on board (Coinbase, Kraken, Huobi, etc.). We’ll get there eventually!

What can we expect in the next two weeks? Well, there’s a voice AMA in a Telegram Cryptochat coming up. Be sure to submit your questions! https://twitter.com/TheLTONetwork/status/1387708767077294080

And a more elaborate (pizza) session with LTO’s integrator/partner Sphereon is coming up as well, which will talk more about up and coming use cases and where they see things going with the LTO supported DIDs and VCs.

That’s it! May the growth continue!

Looking for a great crypto investment?

LTO is a Proof of Stake blockchain with a deflationary total supply that is driven by real adoption. Join LowSea Leasing and earn around 7% APY in LTO and be amazed by the progress that LTO Network is making in the cryptoverse.

Come stake your coins at the LowSea Leasing node on LTO Mainnet. Just follow these easy steps: https://cryptonarf.medium.com/welcome-to-lowsea-leasing-9161fb28a19a

Crypto enthusiast. Traveled 6 of the 7 continents. LTO Network Community admin and owner of the LowSea Leasing node on LTO.