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"What Is LOCUS CHAIN (LOCUS)? Locus Chain aims to be the most widely used Next Generation Layer 1 Public Blockchain Protocol, which achieves both full decentralization and scalability simultaneously. As a decentralized scalable layer 1 chain based on patented technologies, Locus Chain aims to support various Defi, GameFi, Metaverse, Smart City, CBDC(Central Bank Digital Currency) projects by being the most reliable, secure, low cost and high performance layer 1 public blockchain platform. Locus Chain claims to be the first decentralized Layer 1 public blockchain to ever solve the blockchain trilemma of Decentralization. Scalability and Security. LOCUS token? The current Locus token type before the mainnet is an Ethereum-based ERC20 token with smart contract issued by Locus Chain Foundation. However, given that the tokens on the public Ethereum network cannot be used on the Locus Chain directly, we will be making use of hashed time-locked contracts to allow 1-to-1 atomic swaps of Locus tokens from Ethereum to the Locus Chain mainnet. LOCUS will be the main cryptocurrency required for all the operations of the Locus Chain network and all of its applications. LOCUS is a payment method for the entire network economy. Tokens are used by validators (who can easily participate), developers, and users to participate in the LOCUS network and receive rewards. It is also used to for fees and to participate in future governance. LOCUS Ecosystem Top developers and high profile business partners are participating in the development of Locus Chain one after another. High-performance Layer 1 blockchain can create various business opportunities in sectors including decentralized finance, real estate transaction platforms, and game money, etc as well as creating various other tokens. In addition, Locus Chain allows the users to use the blockchain verification service through a simple linkage without building a separate blockchain. Since it is a high-performance public blockchain platform, technology licensing will be carried out in the future in the areas of CBDC and IOT, including smart cities, smart factories, and smart grids based on vast amounts of data. Special technology of LOCUS *DAG(Directed Acyclic Graph) - AWTC(Account-Wise Transaction Chain) The AWTC, Account-Wise-Transaction-Chain, is a central data structure for Locus Chain's high capacity, distributed transaction processing. AWTC is a Directed-Acyclic-Graph (DAG) based data structure composed of multiple transaction chains, each for an account. Each account has its dedicated chain. A new transaction issued by an account is primarily added to the account's chain. Block grid structures, including DAG-AWTC, do not cause conflicts because there are as many points as the number of accounts to which the transaction is added, and only the owning account can record it exclusively. Also, the account that added the transaction becomes clear, so if the account holder himself is not a malicious user, the transaction is almost confirmed as soon as it is added. The ledger structure of the Locus Chain is one of the main technical features to fundamentally solve the problem of delayed transaction processing that the existing blockchains had. POS - BFT Consensus Algorithm Given the time required for the data to propagate sufficiently to the network, the Locus Chain first implemented a BFT definitive consensus on the DAG by attempting to consent on a small amount of historical points of time. It also selects a new proposer committee that participates in the consensus algorithm every round by a random verifiable function (VRF) based on stochastic PoS (proof of stake: the more shares, the higher the probability of being elected as a committee). Since these methods cannot identify or predict the nodes (proposer, validator) to participate in the consensus, manipulation by malicious attacks is difficult, ensuring fairness and network stability of the consensus results. *Verifiable Pruning Unlike traditional pruning, which reduces the size of a ledger by simply deleting old data to address growing ledger sizes, Locus Chain's Verifiable Pruninng uses a Skewed Merkle Tree structure to validate the legitimacy of the data even when most of the previous data is deleted in the local environment. Verifiable pruning deletes outdated data on the ledger while still being able to provide full data verification by verifying previous data with hash values. *Dynamic Sharding Locus Chain has a ledger structure formed of each account (AWTC), making it easy to adjust the number and size of the shard, and the validator ratio by relocating the shard in the event of an imbalance between shards. With dynamic sharding, the network usage that a node has to cover is reduced to 2/N when the number of shards is N. The total network TPS for network usage on the same node will increase by that amount, plus the additional ledger state sharding, which will also divide the storage usage by the number of shards. LOCUS’S creators The key development members of the Locus Chain were developers of the Blueside Engine, Korea's first commercial game engine. The core of Locus Chain technology is to effectively process and synchronize large amounts of network traffic. The developers of Blueside Engine have acquired 18 software development related intellectual property rights, which are the product of the technology accumulated through console/online games and software development over the past 20 years, and hold 2 other software patents."
The current price of 1 Locus Chain in USD is $0.006614.
This price is currently -99.12% than its all-time high (ATH) of $0.7529,
and 21759.33% than its all-time low (ATL) of $0.00003026.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions,
investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Locus Chain’s price.
The market capitalization of Locus Chain is $0 as of today.
Locus Chain is currently ranked # in the market, and this market cap is calculated by multiplying the current price of Locus Chain with the circulating supply.
The circulating supply of Locus Chain is 0, meaning there are 0 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Locus Chain in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Locus Chain’s official platforms.
The trading volume of Locus Chain today is $96,414.00.
This represents the total value of Locus Chain transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token.
As of now, Locus Chain is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.
The trading volume metric, which plays a vital role in market assessment, reveals the extent of Locus Chain's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.
Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Locus Chain to make well-informed trading decisions.
The all-time high (ATH) price of Locus Chain is $0.7529.
This ATH was reached on 10 Jul 2019, marking the highest value ever for Locus Chain in the market.
Currently, Locus Chain is lower than its ATH by -99.12%,
reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Locus Chain, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.
The all-time low (ATL) price of Locus Chain is $0.00003026.
This ATL was reached on 29 Jan 2020, marking the lowest value ever for Locus Chain.
Currently, Locus Chain is higher than its ATL by 21759.33%,
reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Locus Chain, offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.
To buy Locus Chain, you can follow these steps:
1. Choose a Cryptocurrency Exchange: Locus Chain is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Locus Chain against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Locus Chain.
4. Place an Order: After funding your account, navigate to the Locus Chain trading pair (e.g., Locus Chain/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Locus Chain in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Locus Chain.
We make every effort to provide the latest market data. However, we cannot guarantee its absolute accuracy.
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