The nation code Top Level Domain DNS system grants international locations digital domains that may be managed, developed and leased. L3COS [pronounced lecos] provides governments management over a blockchain-based infrastructure in an analogous method. Assigning considered one of 195 tremendous-nodes based mostly on a Proof-of-Government (PoGvt) algorithm, L3COS provides nationwide governments a controlling place in a blockchain-based nationwide and worldwide community that lets them work together with one another and with companies and their very own residents.
Transparency and regulation: the subsequent technology of blockchain infrastructure
Traditional blockchains supply trustless interplay and transparency, making them enticing to companies and governments in addition to people and fixing many privateness and safety points inherent in normal software program and internet apps. However, the house has been tough to regulate, with no entry level to particular person blockchains for regulatory authorities. At the identical time, blockchain tasks regularly battle to appeal to institutional funding.
L3COS structurally acknowledges that nobody blockchain construction could be all issues to all individuals and makes use of a triple-layer construction to meet the wants of three forms of makes use of: nationwide governments, companies and organizations, and people. This has been acknowledged by an rising variety of excessive-worth buyers looking for involvement with the project.
L3COS is a blockchain with three separate consensus algorithms, every offering particular person performance for governments, companies, and people. It permits automating processes whereas preserving discrete digital id, in addition to establishes conditional governance.
The L3COS blockchain consists of three ranges: the highest degree operates as Proof of Government (PoGvt), offering every authorities with an excellent-node, and every authorities has management over two different ranges, together with digital asset issuing processes.
The center degree is predicated on the Delegated Proof of Stake (DPoS) consensus algorithm, the place companies carry out operations. Finally, that is the extent based mostly on the Proof of Storage (PoST) consensus for people that may lease their storage to the remainder of the system, with management over information utilization.