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Lightstreams .. The Blockchain For DAPP Speed And Privacy

2018-05-16 05:08 pm | Resource: Crypto Section | No Views : 155

Lightstreams .. The Blockchain For DAPP Speed And Privacy LightStreams .. A new blockchain platform designed for decentralized applications that require speed and privacy when sharing content is a new project in the world of the blockchain. It will take place in our conversation today. We will explain to you dear readers the nature of the project and its idea, the team, the road map and the possibility of success of the project.
 
Project name: Lightstreams
Token symbol: PHT
Website: https://lightstreams.network/
White paper: https://s3.amazonaws.com/lightstreams/lightstreams_whitepaper.pdf
Hard cap: $20 Million (ICO contributors own 55% of total token supply)
Conversion rate: 1 PHT = $0.15
Maximum market cap at ICO on a fully diluted basis: $36 Million
Bonus structure: Not available yet.
Private sale / white list: No whitelist or presale information yet.
ERC20 token: TBA.
Countries excluded: USA and China.
Timeline: Token sale begins May 31, 2018 and ends June 30, 2018 (please refer to Lightstream’s website for all up-to-date details).
Token distribution date: TBA.
 

What is the Lightstreams project?

LightStreams is a Blockchain network designed to support any decentralized application that requires high performance and data privacy. It is an amendment to the ethereum protocol, trying to solve some of the current issues while remaining compatible with the existing tools and libraries of the developed ethereum.
Lightstreams will create a centralized, decentralized storage system built into the network. The goal is to provide unrestricted storage capacity, free storage costs, improved transaction speeds, and allow privacy and confidentiality of data management.
The Group developed a licensing protocol called "Permissible Blocks" designed to manage access to protected content in decentralized networks. The protocol contains two layers of the network:
DSSN: Depends on IPFS for peer sharing of protected content, where IPFS blocks are exchanged only with authorized nodes.
Ethereum layer for symbolic capabilities and smart nodes, where smart contracts are used to manage programmable file permissions for DSSN.
A graph showing how to show the functionality of the allowed object protocol below:
A graph showing how LightStreams works

How advanced is the project?

The Lightstreams concept was conceived in 2017 and the project is currently operating outside Estonia. The proof of the concept of block technology allowed was one of the winners of the Hackathon 2017 consensus.
The project received $ 300,000 in seed round funding in January 2018.

Roadmap

  • Q3 in 2018: Holding power and launching network infrastructure.
  • Q4 in 2018: Decentralized governance begins where token holders can define policies.

Tokens used and valued

The LightStreams network will be a cluster that is compatible with the ethereum, and as a result it will operate via its own native code called the photon code (PHT).

PHT will be used to:

  • Network Transaction Fees - Send tokens, file storage, and other network functions.
  • Buy content on Lightstreams network.
  • Network governance - vote on proposals and hold a new power in the consensus mechanism on the proof of power (PoA).
  • Building on the top of the Lightstreams network, DApps will be able to issue their own icons using ERC20 or similar contracts.
  • Like the ethereum, the value of the PHT code depends on the amount of support and use of the Lightstreams network.

Team

  • Michael Smolenski, CEO – Michael worked as a Software Engineer at Goldman Sachs, Solutions Architect at Westpac Bank, and Blockchain Engineer at MotionWerk. He is also the author of the OMOS Whitepaper, and founder of several start-ups.
  • Nick Brown, Business Development – Nick has 22 years of experience in the technology industry, specializing in cloud services and distributed systems. He was the CTO of MotionWerk before joining Lightstreams.
  • Lukas Lukac, Blockchain Engineer – Technical lead and software developer specializing in the development of distributed and decentralized applications. Lukas has worked as the Technical Development Lead at Trivago and Full Stack Developer at TiltBook.
  • Advisors for Lightstreams include Chris Moore of OP Financial Group, John Bettiol, Head of Organizational Solutions at Trivago, and Dimitry De Jonghe, Co-Founder of Ocean Protocol, among others.

Opportunities

The project aims to have the ability to obtain permission to access protected content, which is very useful for sharing copyright content. If the project gains momentum and becomes successful, the potential can be great.
Lightstreams is considered a thorn of ethereum, it shares the same source program. It should be easy to transfer the ethereum data to Lightstreams if they choose to do so.

Interests

The project was actually suspended for a few months. We do not find any development on GitHub after finishing the white paper.
On the incremental side, the project seems to be just taking the ethereum and changing the consensus mechanism to the POA. In this way, the platform is sacrificing decentralization by getting fewer nodes for greater scalability.
The project is designed for dApps that require speed and privacy. However, it does not seem that much effort has been made to attract the dApps to be built on the Lightstreams platform.
The future roadmap for development is ambiguous (less than 20 words) and no milestone has been provided from 2019 onwards. It is difficult to measure the level of planning that surrounds the team with the project.

Conclusion

The project has a relatively low ceiling for the Protocol Project and has generated considerable awareness of the market. However, the team did not decide whether to issue a distinctive ERC-20 product code that could be replaced with keyboard codes or token distribution immediately upon the launch of mainnet (currently in the early fourth quarter 2018).
If the team chooses the first option (issuing the placeholder), the response time is much faster. We will be positive about the possibility of flipping in this case.
If they go to the last option (distributing key icons directly when launching the network), there will be a delay of one month between the date of subscription and the date of receipt of the master codes. In addition, this does not take into account the time it takes to merge PHT mainnet codes and insert them into stock exchanges. We have a neutral point of view if this is the choice of the team.
For a long-term contract: neutral, the idea of ​​the project was designed and developed more than a year ago during the Hakathon consensus last year. However, the development team commented and waited until one year later to conduct the ICO to continue the project. This does not speak well about the team's enthusiasm for the project. For this reason, we are neutral about the chances of the project succeeding.

For more information about Lightstream

Website: https://lightstreams.network/
Whitepaper: https://s3.amazonaws.com/lightstreams/lightstreams_whitepaper.pdf
Blog: https://medium.com/lightstreams
Telegram: https://t.me/lightstreams
GitHub: https://github.com/lightstreams/lightstreams
 

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