Locus Chain Price

Locus Chain is a decentralized, high-performance public blockchain protocol that supports global retail mass adoption. Its unique scalability features make it ideal for various industries, including AI, smart city, and gaming projects that require large-scale data processing.

Locus Chain aims to provide a secure and efficient blockchain platform with high throughput while maintaining its decentralized nature. One of the critical features of Locus Chain is its ability to handle a large volume of transactions with improved processing speed, making it suitable for various hardware devices.

The platform utilizes a dual encryption system with a normal signature key for general transactions and post-quantum cryptography (PQC) applied master signature for added security in preparation for the quantum computing era. Locus Chain has gained momentum in various industries and use cases, including the world's first successful replacement of game servers and cooperation with Bloom Technology-SRMC in building a blockchain ecosystem for global cosmetic businesses and medical industries.

LOCUS is the native token of the Locus Chain ecosystem and is used for all operations and payments within its network economy. Validators, developers, and users use it to participate in the LOCUS network and receive rewards.

Locus Chain is a hybrid blockchain protocol that combines a public blockchain with a consortium blockchain. The public blockchain is used for data storage, while the consortium blockchain is used for consensus.

Locus Chain enhances parallel transaction processing by utilizing a non-linear DAG structure known as AWTC (Account-Wise Transaction Chain) rather than a linear "chain" configuration. Furthermore, Locus Chain employs a PoS-based BFT consensus mechanism to address the limitations of PoW and Nakamoto Consensus in terms of performance and determinability while maintaining fairness among participating nodes.

The network incorporates a Dynamic Sharding data-distribution strategy to reduce network burdens while preserving the ledger’s integrity. The Verifiable Pruning technology employed by Locus Chain significantly decreases the storage space needed for nodes, making it possible for small-footprint devices such as IoT gadgets and smartphones to participate in the Locus Chain network.

Additionally, Locus Chain recognizes the potential threat emerging Quantum computing technology poses to blockchain systems. It addresses this by implementing a post-quantum resistant cryptographic system that separately manages the master and regular keys.

Locus Chain was founded by Sang Yoon Lee and co-founders Young Hyun Joo and Se Jung Kim in 2018. The Locus Chain Foundation team focused on designing the network architecture, implementing the BFT agreement on DAG-AWTC, and establishing the dual key system with a quantum computing resistance algorithm in the year.

In 2019, Locus Chain rolled out Verifiable Pruning, started the development of Dynamic Sharding, and launched its public testnet. Dynamic Sharding was rolled out the following year, along with upgrading the public testnet for supporting mobile and IoT devices as nodes.

Locus Chain’s EVM linkage was established in 2021, along with the testnet of its GameChain network. The Locus Chain mainnet, GameChain, was launched in 2022 and implemented CoreScript, smart contracts, and SDK.

The LOCUS token’s public launch occurred in 2023 via Coinswap. Other focus areas as of April 2023 include establishing interoperability with other blockchain networks, launch of official wallet, blockchain explorer, and dApps in its ecosystem.