Laser offers several dimensions of functionality that will take cryptocurrencies to the next level. Here are some of Laser's defining features. Laser A Blockchain Agnostic Service Layer for Improved Speed, Anonymity,and Interoperability
Laser is a service layer model that operates on top of a blockchain network. It provides services that may not be native to a given blockchain, such as near-instant transfers, and anonymous transactions. It also has the capability of interacting with other blockchains that also have this service layer, effectively enabling separate blockchains to seamlessly interact with each other.
Laser is not a cryptocurrency by itself. However, Laser will have its own crypto coin called a Photon. All holders of Ethereum currency before the hard fork will receive the equal number of Photons on upgrading their software. Please refer to the whitepaper for more information on the Photon cryptocurrency.
Laser is built on a fork of the Ethereum blockchain. The primary difference is in accountability. The true backbone of blockchains is the supply of full nodes to verify transactions (not the supply of miners, which process transactions). Since these full nodes generally do not get rewarded like miners do, there is little incentive to operate them. Laser’s model provides for compensation of full nodes, while also requiring them to put up collateral in order to operate. With incentives to provide stable computing resources, and do so honestly, Laser will ensure a reliable, trustworthy, and sustainable blockchain environment.
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