LTO's live contract is smart contract 2.0

[Anonymous No.12809450]

Live Contracts have a similar goal as smart contracts as implemented on Ethereum. Both define and solidify logic that can be applied in a trustless and verifiable way. The philosophy behind these two types of digital contracts is very different however.
Ethereum describes smart contracts, as cryptographic ”boxes” that contain value. These boxes only unlock it if certain conditions are met. Live Contracts do not directly hold value but describe how two or more parties should interact. The intent is much closer to that of a traditional (paper) contract.

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Leased Proof of Importance (“LPoI”) as a reward mechanism. The ‘leased’ part allows small token holders and those who hold tokens - but do not want to run a node - to still receive rewards for supporting the network. The ‘Importance’ factor ensures that active network members are rewarded more than passive stakers.
From a company’s perspective, this makes sure that they can run the product without actually having to buy or own tokens. They can simply spin off a node and attract token holders who want to lease their tokens, improving the model from passive stakers into useful network participants.

[Anonymous No.12809480]

Just read these and you will know it's going to be top 50 by the end of Q1:

https://medium.com/ltonetwork/the-rise-of-private-permissionless-blockchains-part-1-4c39bea2e2be
https://medium.com/ltonetwork/the-rise-of-private-permissionless-blockchains-part-2-62553256953d

https://medium.com/ltonetwork/extending-lockups-supply-curve-2d7bf2e2fbbe

https://medium.com/ltonetwork/strategic-business-plan-for-2019-58473fa26948
https://www.blockfyre.com/blog/lto-network-lto-coin-review
Bonus memes:
http://lto.network/documents/LTO%20Network%20-%20Visionary%20Paper.pdf
http://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf
http://lto.network/documents/LTO%20Network%20-%20Token%20Economy.pdf

[Anonymous No.12809534]

[Anonymous No.12809616]

>>12809534

[Anonymous No.12810332]

[Anonymous No.12810437]

based and fropilled

[Anonymous No.12810451]

>>12809450

Do you realize how stupid you sound? "Contracts" that describe how parties "should" interact. So it's a supposed contract that tells human entities what they should do. Do they have to do it? No. They can just refuse.

"Live contracts" are nothing more than a glorified set of unenforceable instructions. Claiming they're "Smart contract 2.0" is a whole new tier of brainlet.

[Anonymous No.12811469]

>>12810451
Are you familiar with the concept of an actual paper contract?

t.brainlet

[Anonymous No.12811573]

>>12811469

Read what you've just posted:

>> Live Contracts have a similar goal as smart contracts as implemented on Ethereum. Both define and solidify logic that can be applied in a trustless and verifiable way.

How the fuck are live contracts, like an "actual paper contract", applied in a trustless way?

It's yet again more unfounded hype over a buzzword that means nothing in reality. It's exactly the same as electronically signing any existing "centralized" contract. It does nothing different, and may actually be useless if the legal text isn't written in the correct way (which is what lawyers are for).

[Anonymous No.12811585]

How do they connect smart contracts to external data without a decentralized oracle network?

[Anonymous No.12811592]

>>12809450
i am new to crypto and i have like 11k LTO and 10k CHX but i don't know what to do with them are they good to hold for a while?

[Anonymous No.12811612]

>>12811585

I think LTO is an absolute shitcoin but you don't need decentralized oracles for everything. If you have centralized input/output, which most systems will, a decentralized oracle serves no purpose. You may as well skip it and go straight to an API.

[Anonymous No.12811619]

>>12809450
imagine falling for this scam.

[Anonymous No.12811622]

>>12811592
Buy more

[Anonymous No.12811648]

Thanks for the fud just bought 50k more

[Anonymous No.12811758]

>>12811573
Are you unironically that retarded or just trying to fud?

[Anonymous No.12811790]

>>12811585
Read the whitepaper, jesus christ you guys are fucking hopeless.

[Anonymous No.12811792]

>>12811619
stay poor
this is the next CHX/QNT/HOT level moon mission

[Anonymous No.12811798]

Imagine not being all in on the next generation.

[Anonymous No.12811967]

>>12811798
This unironicaly next gen crypto kek

[Anonymous No.12812086]

>>12811798
>>12811967
Based & Fropilled

[Anonymous No.12812104]

>>12811585

jesus christ

[Anonymous No.12812501]

>>12811758

Your shilling is factually incorrect and LTO is once again making manipulative and shady statements.

"Live contracts" are nothing like smart contracts. Not even close. To claim they are is as scammy as can be.

[Anonymous No.12812555]

>>12812501
Alright, cheers mate.

[Anonymous No.12813457]

>>12809450
This is fucking huge.