LONDON, UK / ACCESSWIRE / March 10, 2022 / LATOKEN, the leading global exchange for startup tokens (CCC:LATOKEN-USD), is proud to announce the launch of LACHAIN - with DeFi multichain hub.

Layer-1 network refers to a blockchain, while a Layer-2 protocol is a third-party integration that can be used in conjunction with a Layer-1 blockchain. Bitcoin, Ethereum and LACHAIN, for example, are Layer-1 blockchains, where scaling solutions augment the base layer of the blockchain protocol itself in order to improve scalability.

Another improvement to a blockchain to achieve Layer-1 network scaling includes consensus protocol improvements, some consensus mechanisms are more efficient than others. Proof of Work (PoW) is the consensus protocol currently in use on popular blockchain networks like Bitcoin. Although PoW is secure, it can be slow and not environmentally friendly. That's why many newer blockchain networks favour the Proof-of-Stake (PoS) consensus mechanism. Instead of requiring miners to solve cryptographic algorithms using substantial computing power, PoS systems process and validate new blocks of transaction data based on participants staking collateral in the network.

Consensus protocol used by LACHAIN is one of the most advanced ones - proof of stake (PoS) network with HoneyBadger Byzantine Fault Tolerance consensus.

Most consensus algorithms rely on synchronous networks and elect a leader. The HoneyBadger consensus algorithm allows nodes in a distributed, potentially asynchronous environment to achieve agreement on transactions. The agreement process does not require a leader node, tolerates corrupted nodes, and makes progress in adverse network conditions.

HoneyBadger is asynchronous. It does not make timing assumptions about message delivery. An adversary can control network scheduling and delay messages without impacting consensus.

LACHAIN offers full EVM (Ethereum virtual machine compatibility) and WASM (WebAssembly) compatibility.

WebAssembly has emerged as a strong candidate replacement for the current EVM. Its host independence, security sandbox and overall simplicity make it an ideal runtime for smart contracts.

Since the launch of WebAssembly in 2017 there has been a growing interest in using this technology "outside" of the browser. It features a security sandbox, a simple instruction set, a lack of built-in I/O operations, a language and vendor agnosticism which result in it being used as a lightweight runtime for cloud functions, an execution engine for smart contracts and even as a standalone runtime.

According to Messari Crypto Theses for 2022, as the multichain economy grows, it is inevitable that cross-chain bridges will facilitate an enormous amount of asset and data transfer volume. It predicts that the most popular L1 <> L2 / L1 <> L1 / L2 <> bridge protocols will have higher daily volumes than the most popular centralised exchanges within five years. LACHAIN spearheads this trend with cross-chain DeFi architecture built in its core.

About LACHAIN

• Cross-chain DeFi hub with its own blockchain to manage all crypto across blockchains and protocols.
• One-stop store for DeFi, being a hub and cross-chain protocol for interactions between networks with its own blockchain, own validators, own smart contracts and dedicated team of developers constantly working on creating bridge connectors to hottest DeFi products across blockchains.
• Complete DeFi toolset, offering an all-inclusive ready-to-use product with its own wallet, DeFi marketplace and bridges to other networks.

Key features of LACHAIN

• All connected blockchains fees and gas are paid with LA Token - gas token for LACHAIN.
• Compatibility with Ethereum Virtual Machine (EVM).
• Automatic rebalancing protocol takes care of liquidity and balances for all connected networks.
• Does not take liquidity from other networks - all liquidity locked on bridges will be used on the same network DeFi protocols, allowing easy partnerships.

About LATOKEN

• Ranked #2 worldwide in the startup tokens launchpad market with 280+ IEOs since 2017.
• Over 2 mln registered users, over 1 mln Android app installations.
• Top 10 of CoinGecko rank by the amount of token pairs and coins listed.
• VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
• Forbes Top 30 Remote Employer.

For inquiries contact:

Viktor Kurylo, PR Director
E-mail: ir@latoken.com

SOURCE: LATOKEN