Laser - The Blockchain without Borders

rayka (25)in #ico • 6 years ago

What is Laser?
Laser is a service layer model that operates on top of a blockchain network. It provides services that may not be native to a given blockchain, such as near-instant transfers, and anonymous transactions. It also has the capability of interacting with other blockchains that also have this service layer, effectively enabling separate blockchains to seamlessly interact with each other.

Cryptographic forms of money have developed generously - and we would all be able to concede to a certain something… this is just the start. In any case, as cryptographic forms of money develop, it winds up clear that there are sure constraints, with regards to how huge a coin's client base can be. For instance - Bitcoin is enormous, Ethereum is huge, and Litecoin is huge, however, it isn't precisely feasible for any of those coins to wind up "the" cryptographic money that the world employment.

Cryptocurrencies and Blockchains
The year 2008 will remain an important year in the history of cryptocurrencies. This was the year when the domain name Bitcoin.org was registered. Later in the same year, a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”, authored by a pseudonym “Satoshi Nakamoto” was posted.
In 2009, Bitcoin came into existence, with the release of the first Bitcoin client, and the issuance of the first block (the genesis block) on the Bitcoin network.

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.

Existing Work
Dissimilar to different arrangements, for example, Dash[28], which are a particular usage of the blockchain, Laser is outfitted to work with any blockchain, with no requirement for changes in the basic convention. Moreover, the usefulness improvement to use the additional administrations of Laser is constrained to the full hubs or the validator hubs – not alternate parts of the system. This permits numerous blockchains to interoperate parallel to each other while holding each blockchain's worked in security properties.

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.

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! Now, here’s the longer answer…
We could give you some grand analysis of the economics of currencies and what gives them value… but we’re going to explain this with a simple analogy — gift cards.

Let’s say you have a $100 gift card to Starbucks. It’s worth $100, right?
Well, it’s worth $100 only to get $100 worth of coffee or other stuff from Starbucks. But what if you don’t drink coffee or you don’t like Starbucks? Then it’s worth $0 to you.

Surely, it’s worth $100 to somebody else though, right? Not exactly. Why would somebody give you $100 of their cash for a card they can use only at Starbucks, when they can just keep their $100 cash and do as they please with it — whether that’s buying stuff at Starbucks or elsewhere?

So then if it’s not worth $100, what will someone pay for it? $95? $93? $90? It’s all a matter of what the market will bear, and how much of a savings is worthwhile for the purchaser to have to tie up $90+ of their cash to get $100 that they can only use at Starbucks.
The point of this analogy is, since you can only use a $100 Starbucks card at Starbucks, it’s worth less than $100 in cash because you can use $100 cash anywhere, including Starbucks.
In the same way that you can only use a Starbucks card at Starbucks, you can generally only use Bitcoin on the Bitcoin blockchain. If you want to liquidate your Starbucks card, you will usually take a loss in doing so (e.g. selling it for $95 cash). That 5% of value vaporizes in to thin air. If you want to liquidate your Bitcoin, you will also usually take a loss in doing so (e.g. paying a transaction fee to an exchange to swap it to ETH/LTC/another crypto).
With cash, though, you will never take such a loss for the simple reason that you can use it anywhere. If you have $100, you can divide it up to spend $60 on groceries, $30 on gas, and $10 on Starbucks. That way, you’re getting the full value. If you only had a $100 Starbucks card, though, you could not have bought groceries or gas with it — which is what limits its value.

More questions about the Laser please visit the link

Website: https://laser.xyz/

Telegram: https://t.me/laserxyz

Whitepaper: https://laser.xyz/static/WhitepaperLaser.pdf