LEDGIS Overview
LEDGIS is a blockchain platform that prevents monopolization of data by IT platforms and returns the sovereignty of personal data to users. It applies DID technology recognized as an international standard and IDH technology, a decentralized data encryption storage and sharing solution.
LEDGIS Blockchain consists of two roles of Frontier and Interior who participate in the block production and consensus process.
Frontier — is a Block Producer that runs DApp. A participant can register as a candidate for Frontier through ‘regfrontier’ action. To register as Frontier with regfrontier, a business owner should the first get a XXX.c account which is a KYC account for business owners through IBCT (Institution of Blockchain Technology) and receive DApp token symbol registered on the system. Moreover, a business owner should enter transfer ratio which is a transfer ratio between LED (LEDGIS system coin) and DApp token during the registration process.
Interior — is a general Block Producer which does not require DApp. Anyone can register as a candidate for Interior through reginterior action. Interior gets elected as Block Producer through the voting of users and takes the role of establishing and practicing policies for the network.
LEDGIS ADVANTAGE
- Payback is a benefit which the accounts of KYC users can receive every 4 weeks. Payback is a benefit that returns 5% of the purchase amounts in LED when a participant purchases DApps using Buy service for the firs time in 4-week term. A participant cannot receive Payback benefit for the following 4 weeks and can receive the benefit again after 4 week
- REX, an abbreviation of Resource Exchange, is a function used to lend or borrow CPU and NET in between participants
LEDGIS TOKEN
- Project Name: LEDGIS
- Ticker: LED
- Format: ERC20
- Issued Coins: 1,000,000,000 (1 billion)
LEDGIS (LED coin) is listed on CoinMarketCap, renowned site where you can check the price and trading volume of more than 5,000 cryptocurrencies around the world.
