What IsLedgis (LED)?

Ledgis is a blockchain-based ecosystem that aims to allow users to participate and transcend without any boundary between private and public chains. Ledgis aspires to overcome the challenges in the current blockchain models, such as scalability, high transaction fee, low speed, complex user interface, etc. Consequently, users on the platform can play, trade, and perform transactions across public and private blockchains.

According to its whitepaper, blockchain technology is the key technology due to its multiple features and role as a sustainable ecosystem among users. During the early stage, the public and private blockchain business era were separated, but the boundary between the two blockchains eroded as the areas expanded. This results in users facing difficulty participating in the network for new nodes, issues related to protection and information safety, mass data storage, complex authentication process, etc. Thus, Ledgis offers a solution by developing next-generation blockchain technology that satisfies the functions required for industrial convergence and overcoming the limitations of existing blockchain technology.

Further, Ledgis aims to be a blockchain technology applicable in real-life supporting high scalability, sustainability, and massive data processing. For this, the platform intends to prioritize interoperability between the blockchains. Interoperability is the ability of two components (or two blockchains) to share resources. Besides, the platform also seeks to allow crossing boundaries between public and private Dapps without limitations, with a single Ledgis account.

Additionally, Ledgis aims to use Delegated Proof of Stake Service (DPoSS) consensus mechanism to elect block approvers depending upon the network's delegation of shares and services. This helps in deciding the value of the blockchain and acquiring corresponding rewards for maintaining the quality of the blockchain.

LED is the native token of the network and an ERC-20 token that the users can utilize for getting DApp services within the Ledgis ecosystem. Ledgis seeks to use LED for several other utilities, such as using the resources in the network, voting, staking, etc. Moreover, the platform aims to reward LED tokens to all types of users- the DApp users, DApp providers, and the nodes in different ways depending on their contributions to the ecosystem.

History of Ledgis (LED):

Ledgis (LED) was launched by LEDGIS Co., Ltd in 2018. Martin Lee is the CEO of the twenty-one-membered Ledgis team, and Mark Lee is the director. The total supply of LED tokens is one billion.