Global Block-Chain Organization has recently announced the introduction of a service layer technology called Laser. It manages at the peak of an existing blockchain network and optimizes its functions - this includes the ability to work with other block chains. With these capabilities, LASER aims to play a key role in the development of all blockchains by enabling interoperability. The laser platform is being developed on a hard fork of ETH technology, the laser block chain.
With the development of virtual money, restrictions on individual digital money have crystallized out how much market share each money can get. Despite the fact that digital assets such as BTC, ETH and LTC are all major players, none of them can become the exclusive crypto-money.
The United Nations officially recognizes more than 180 currencies internationally, and outside of reserve medals, none of them fight for market share as they all serve their ideas in their jurisdictions. This money can easily be transferred to world and banking ecosystems through systems such as the SWIFT network, making most of the money globally tradable and fungible.
For virtual assets there is no such "SWIFT Network" solution. The LASER Platform is designed to provide this property of interoperability between block chains by regulating features such as wallet figures; It will be possible for the consumers of a block chain to deal with users of a new block chain without any exchange by third parties. This effectively eliminates the layers of the block-chain system and opens up new possibilities for transactions.
BLOC president Shidan Gouran said, "Having multiple assets is extremely good for the virtual world, all of which have their qualities as exclusive as the individual consumer bases, and today they can be traded through blockchains between this money as if you were trading USD for Euros. "
The LASER will offer two major features in its main version.
1.The first feature is the use of an overlay protocol that allows for "pseudo-authorization" of deals and allows all 2 virtual currencies to be settled in seconds. This is a significant improvement over the processing conditions of other block chains, the completion of which can take hours.
2.The second function is the "connected" service, which does business that is not known in any crypto money. This is made possible by bundling many deals together - where tokens are "shuffled" and pre-determined values are paid to pre-arranged recipients. This obscures the age of the rights of a particular crypto field and prevents it from being tracked across the block chain.
At a broader level, the complete nodes that comprise the LASER block chain are incentivized by transaction fees, from which full nodes on all other block chains generally do not benefit. This will be the result of the performance of the fundamental block chain - because without them, several block chains suffer because they do not have enough complete nodes and thus do not have enough computing power. More importantly, these complete nodes must provide collateral that needs to be managed - which promotes disincentive dishonest behavior by fraudulent activists and confers reliability on the block chain.
The CEO of BLOC commented: "Access to computing resources is the prime concern when it comes to maintaining a secure block chain, and with the LASER Platform, we will address those fears with a clear and lucrative compensation system for complete node operators - that will be the performance of existing ones Improve block chains and drive the LASER service layer that brings them all together. "
Can the LASER Platform increase the value of other crypto money?
The short answer is yes, completely! As a blockchain without limitations, the LASER offers crypto money users the ability to make virtual money outside of their native block chain. As this feature extends the capabilities of virtual money, the value of LASER! Here is the longer answer. We would give you a majestic analysis of the economics of money and what value it offers.
Let's say you have a 100 USD gift card for Starbucks. It's worth 100 USD, right?
Well, it's worth $ 100 to get $ 100 in food or other stuff from Starbucks. But what if you do not eat food or like Starbucks? Then it's worth 0 USD.
Sure, it's worth 100 USD for someone else, right? Not exactly. Why would someone give you $ 100 of his money to buy a card that they can only use at Starbucks, if they can only keep their $ 100 in cash and do what they want, whether it's at Starbucks or elsewhere?
So, if it's not worth $ 100, what will anyone pay for? $ 95 to $ 90? It's completely a fact what the market has to bear, and how many discounts pay off for the buyer to tie $ 90 plus his money to get $ 100 to spend on Starbucks.
Key features
Laser offers several dimensions of functionality that take cryptocurrencies to the next level. Here are some of the key features of lasers:
Timeline
TEAM
For more information, please visit the following links:
Website - https://laser.xyz/
Whitepaper - https://laser.xyz/static/WhitepaperLaser.pdf
ANN - https://bitcointalk.org/index.php?topic=3466533.0
Facebook - https://www.facebook.com/laserprotocol/
Twitter - https://twitter.com/laserprotocol
Telegram - https://t.me/laserxyz
author : purpleblue
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