PlatON: Abbreviated Introduction
With the growth of the internet, internet monopolies have collected and stored enormous amounts of user data. With the advent of big data and Artificial Intelligence (AI), they can enjoy data monopoly and acquire substantial business benefits. Meanwhile, besides failing to obtain data dividends, users also bear the risk of infringing personal privacy and personal data being misused.
PlatON Network is committed to creating the next generation of a privacy-preserving computing and data exchange network. Grounded in blockchain technology and modern cryptography, PlatON builds a new computing paradigm to preserve the privacy of the client’s data, with no need to depend on third parties for collaborative computing, and verify the integrity of the results.
PlatON uses various modern cryptographic algorithms to implement computational capacity expansion schemes for non-interactive proofs and implements a Concurrent Byzantine Fault Tolerance (CBFT) consensus mechanism.
The network’s native token, LAT, provides several utilities to the holders. The total supply of LAT tokens is not finite, and the supply is increased annually via inflation.
The project is based in Singapore, a country where the government exercises caution by seeking to identify the risks involved with cryptocurrencies.
The project’s founding team has a strong entrepreneurial and technical background. Additionally, multiple investors are backing the project.
PlatON is operating on the mainnet, evolving with several milestones that still need to be reached.
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