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Locus Chain

LOCUS

Price
$0.0458
10/5/2022, 9:50:59 PM
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Market

Market stats

Market cap

$40.3M

Volume (24h)

$1.3M

Circulating supply

879.8M LOCUS

All time high

$0.24

Price change (1h)

-0.02%

Price change (24h)

-1.1%

Price change (7d)

+15.9%

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Locus Chain is on the rise this week.

The price of Locus Chain has risen by 15.90% in the past 7 days. The price declined by 1.10% in the last 24 hours. In just the past hour, the price shrunk by 0.02%. The current price is $0.045825 per LOCUS. Locus Chain is 80.61% below the all time high of $0.236291.

The current circulating supply is 879,808,260.79 LOCUS.

About

What Is Locus Chain (LOCUS)?

Locus Chain (LOCUS) is a decentralized, public blockchain platform that seeks to resolve performance and scalability issues without sacrificing the value of decentralization. Locus Chain is a blockchain system for diverging users on various hardware devices with improved processing speed and enhanced volume handling capacity. Locus Chain aims to establish the next-generation blockchain platform by solving scalability and decentralization issues while providing compatibility with other blockchain platforms through interoperability technology.

As per the whitepaper, Locus Chain is a decentralized blockchain system with the objective of completing at least 4000 transactions per second. Locus Chain Network consists of various devices such as generic home PCs, data center servers, mobile phones, and low-powered IoT (Internet-of-things) devices, all in different ranges of Central Processing Unit (CPU) performance, storage capacity, and network speed. Through Locus Chain, projects like decentralized finance (DeFi), non-fungible token (NFT), and decentralized exchange (DEX) can expand. Also, the platform allows the decentralized economic ecosystem to connect, change, and grow while promoting the growth of decentralized businesses. Locus Chain platform features:

  • AWTC (Account-Wise Transaction Chain): A unique ledger structure enabling high-speed decentralized processing regardless of the number of participating nodes.

  • Verifiable Pruning: Validates data integrity even without the existence of local data. It decreases the node storage burden and contributes to obtaining high usability.

  • PoS-BFT: Secures the transaction confirmation, network security, and decentralized consensus by implementing BFT deterministic consensus between committees randomly selected for each round. Byzantine Fault Tolerant (BFT) is a category of the proof-of-stake (PoS) algorithm. BFT is the feature of a distributed network to reach consensus even when some of the nodes in the network failed to respond or responded with incorrect information.

  • Dynamic Sharding: Network usage reduces, and the transaction processing volume increases as per the number of shards. Decentralization is achieved by settling the imbalance among the shards. Sharding means dividing a large part into smaller parts.

LOCUS is the native governance token of the Locus Chain platform based on the ERC-20 token standard with a smart contract issued by the Locus Chain Foundation based in Singapore. LOCUS operates on the Delegated proof-of-stake (DPoS) consensus algorithm. Based on the PoS policy, voting rights are granted according to each node's amount of coin shares. 

History of Locus Chain (LOCUS)

Locus Chain Foundation launched Locus Chain on April 28th, 2018, in an event held in Dubai World Trade Center, Dubai, UAE. Young Hyun Joo, Gilho Lee, and Soon Mok Jang lead the Locus Chain team. LOCUS has a total supply of 7,000,000,000 tokens.

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FAQ

What is the current price of Locus Chain?

The price of 1 Locus Chain currently costs $0.0458.

What is the market cap of Locus Chain?

The current market cap of Locus Chain is $40.32M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Locus Chain?

The all-time high of Locus Chain is $0.24. This all-time high is highest price paid for Locus Chain since it was launched.

What is the 24 hour trading volume of Locus Chain?

Over the last 24 hours, the trading volume of Locus Chain is $1.28M.

What other assets are similar to Locus Chain?

Assets that have a similar market cap to Locus Chain include mStable USD, SafePal, dKargo, and many others. To see a full list, see our comparable market cap assets.

How many Locus Chain are there?

The current circulating supply of Locus Chain is 880 million.

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