Laser - The Blockchain without Borders
What is Laser?
Laser is a service layer model that operates on top of a blockchain network. Provides services that may not be native to a particular block chain, such as near-instant transfers and anonymous transactions. It also has the ability to interact with other block chains that also have this service layer, effectively allowing independent block chains to interact with each other. The platform is described as “nearly identical” to bitcoin because it was built on the bitcoin platform. Just like bitcoin, you can send LZR anywhere in the world. All transactions are recorded on the blockchain.
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Main Features
Laser offers several dimensions of functionality that will take cryptocurrencies to the next level. Here are some of Laser's defining features:
- Transaction speed: Laser’s overlay protocol provides a pseudo-confirmation of transactions in just seconds.
- Inter-chain operability: Laser’s service layer is blockchain- agnostic, and can seamlessly facilitate transactions from one blockchain to another (e.g. Bitcoin to Ethereum).
- Anonymity: Using a joining service, coins and tokens become "shuffled" to obfuscate their ownership history, thereby ensuring anonymity.
Limitations of Current Blockchain Solutions
Conventional blockchain advances confront a few pragmatic issues, which are preventing the adjustment of these innovations into standard utilize. We will center around the blockchain innovation executed in Bitcoin as the focal contextual investigation to exhibit its confinements. We trust that the blockchain components utilized as a part of Bitcoin are entrenched, and have the biggest base of establishments as of this written work. Further, most different digital currencies utilize comparative ideas in their blockchains. Henceforth, we trust the constraints that Bitcoin faces are illustrative of those that are looked by different digital forms of money too.
What Is Laser Coin?
Laser Coin is a cryptocurrency that uses an open protocol to facilitate secure payment transactions. The platform is decentralized and distributed to different nodes on the network. The platform is described as “nearly identical” to bitcoin because it was built on the bitcoin platform. Just like bitcoin, you can send LZR anywhere in the world. All transactions are recorded on the blockchain. If Laser Coin is identical to bitcoin, then why do we need it? What problems does Laser Coin seek to solve? Basically, Laser Coin seems to be linked to a lending scheme where you can earn money by staking it on the platform – similar to Bitconnect, Hextra, and other companies. However, there’s limited information about the project available online, so it’s hard to figure out anything about this project.
The Laser Coin ICO
The Laser Coin ICO launches on December 8, 2017. There’s limited information about the ICO available online. However, it seems you can reserve your coins by visiting LaserICO.online today.Like other lending scheme crypto companies, Laser Coin has a fixed supply of coins available per day. Hextra’s ICO launched with this model, and they used it to seem like their coin had higher demand than it actually did.In any case, the Laser Coin website lists an exchange rate of $5 per token. However, they also mention that 300 LZR tokens will be available at a price of 0.08 BTC during the ICO, followed by 900 LZR tokens at a price of 0.02 BTC, and 4 million LZR tokens at a price of 0.05 BTC, with the final 12 million LZR tokens listed at 0.1 BTC.The company claims that there’s a total supply of 49.6 million Laser Coin tokens, with only about 16 million of those tokens available during the ICO. It’s unclear where the remainder of the tokens are held.
Can Laser Increase the Value of Other Cryptocurrencies?
The short answer to this is yes, absolutely! Being blockchain without borders, Laser gives cryptocurrency users the ability to transact cryptocurrencies outside of their native blockchain.Since this functionality expands the use possibilities of existing cryptocurrencies — that naturally stands to increase their value as people begin to use Laser!
For More Information Visit :
Official website : https://laser.xyz/
Whitepaper: https://laser.xyz/static/WhitepaperLaser.pdf
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