Locus Chain has been developed with the aim of being used for real transactions. Therefore, we strive to maintain fast and stable transaction rates even when there are many external factors such as increased transaction volume, or when the number of nodes drops below a specific number. We expect the transaction to be possible within a few seconds; For this aim, we are developing it by using Account-Wise Transaction Chain, one of the DAGs, in the ledger data structure. To solve the problem of block size increase, which is one of the problems of the current generation block chain, we apply our own Dynamic State Sharding technology to the transaction ledger block. Unlike static sharding, Dynamic State Sharding is a structure that does not have a problem of low stability when there are not enough node numbers in the shard, and it is expected that it will be able to be configured what it does not interfere with transaction authentication even when the sharding adjustment is in progress. Details can be found in the white paper on the official website.
Bloom Technology, the blockchain professional R&D company in Korea, is developing Locus Chain of Locus Chain Foundation and is expanding its business scope to consulting and related infrastructures that apply blockchains to government and industry sectors. The company is also preparing for a system development and operation of a cryptocurrency exchange and aims to open the exchange in the first quarter of 2019 in Dubai. Locus Chain Dubai which is located in Dubai of UAE, was established in July 2018 to promote technological exchanges and smooth business with governments and companies in the Middle East, India and Africa, the largest business scene of Locus Chain. In addition to the staffs of company, many people who serve as advisors to Locus Chain are working in the local office.
LOCUS CHAIN HOLDINGS, our company based in Mauritius, is an investment holding company targeting African and Asian countries. The company will also explore business opportunities in IT, Commercial Services and Training.