The LTO Network is a hybrid blockchain platform featuring business-to-business functionalities. The project has raised ~$4MM via private and public token sales, and is founded by Rick Schmitz and Martijn Migchelsen.
Consensus on the public layer is done via Leased-Proof-of-Stake, which allows the community to secure the network and share network fees generated by organizations as rewards. The leasing mechanism allows anyone to participate in staking without needing to run a node. The consensus model will later be changed to Leased-Proof-of-Importance to mitigate the risk of centralization.
Live Contracts were built to optimize business workflow. Combining private chains and a public Leased-Proof-of-Stake blockchain, the LTO Network enables General Data Protection Regulation (GDPR) compliant blockchain solutions. LTO Network is also developing a range of applications such as Proofi, FillTheDoc, and LetsFlow.
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