What is PlatON? All You Need to Know About LAT
PlatON is a privacy-preserving blockchain platform focusing on data-sharing, AI collaboration, and decentralized finance applications.
Blockchain scalability is a major challenge, as consensus algorithms require numerous nodes to validate transactions or computations. While this ensures trustlessness, it significantly increases the time and resources required. Verifiable computation (VC) offers a more efficient solution by allowing verifiers to check results without repeated computations. This reduces the need for multiple nodes and cuts costs. Additionally, VC enhances scalability and privacy by eliminating the need for consensus-driven blockchain models. PlatON leverages VC, multi-party computation, and homomorphic encryption to create a more scalable, verifiable, and privacy-focused infrastructure.
What is PlatON (LAT)?
Since its inception, PlatON (LAT) has been working toward creating a decentralized, privacy-preserving, and scalable network, contributing to the evolving blockchain landscape. Founded by the LatticeX Foundation, the project made a significant breakthrough in October 2020 when it raised $12 million through a private equity funding round, backed by HashKey Capital. This funding propelled PlatON’s mission to enable seamless interaction between decentralized applications and traditional systems.
The LatticeX Foundation drives the development of a large-scale interoperable computational network, supporting distributed economies and business applications. It fosters academic research, technological innovation, and industrial use cases in cryptography, AI, and IoT fields. The foundation also incubates startups, supports cutting-edge research, and facilitates global community engagement through conferences and workshops, promoting data sovereignty and collaborations.
PlatON debuted at the Singapore FinTech Festival, showcasing its capabilities and potential in collaboration with TOPOS TDI. This event marked PlatON’s entrance into the global fintech ecosystem. Its focus on asset tokenization, in partnership with the Monetary Authority of Singapore, emphasized its commitment to revolutionizing asset management by creating digital representations of physical assets.
In 2024, PlatON expanded its footprint in the Web3 space through a strategic collaboration with NETDRAGON WEBSOFT, opening opportunities to further integrate blockchain in gaming and broader digital economies. Notable partners such as Google Cloud, Coinhub, and Alchemy Pay have joined PlatON’s growing ecosystem, enhancing its technical capabilities and providing a robust foundation for developers and enterprises.
How Does PlatON Work? Protocol and Structure
The PlatON network protocol is a sophisticated, decentralized, and trustless computing framework designed to provide high-efficiency services across different domains. It is built on a structured topology using the RELOAD (Resource Location And Discovery) protocol and the Kademlia-based algorithm for efficient resource discovery, data replication, and distributed hashing. This structure ensures scalability and resilience across the network.
The network protocol stack in PlatON is divided into several layers, each with distinct functions that support secure, efficient, and distributed computation. These layers include the Link Layer, Network Layer, Transport Layer, and Application Layer, each responsible for different aspects of data transmission, storage, computation, and communication.
Link Layer
The Link Layer in the PlatON protocol is responsible for securing data transfer between nodes, using encryption protocols like TLS (Transport Layer Security) and DTLS (Datagram Transport Layer Security) to prevent eavesdropping, tampering, and spoofing. This layer also supports various international encryption algorithms such as SHA-256 and RSA, ensuring flexibility in cryptographic methods to maintain the integrity and authentication of transmitted data.
Network Layer
The Forwarding and Connection Management layer handles routing between nodes. It stores and implements the routing table, ensuring packet forwarding, and supports connections over NATs using ICE (Interactive Connectivity Establishment). This ensures smooth communication between nodes by maintaining a robust routing mechanism.
Topology Plug-in
The Topology Plug-in leverages RELOAD, a P2P network framework that helps develop and implement distributed topologies, whether structured or unstructured. It uses components such as the Message Transport and Data Storage layers to efficiently manage data replication and message forwarding. Based on the Kademlia DHT algorithm, the topology plugin ensures that nodes can discover each other and maintain secure data flow. The ReDiR (Recursive Distributed Rendezvous) mechanism is employed to create efficient service discovery by embedding nodes into a distributed tree structure, reducing overhead and improving lookup times for service nodes.
Transport Layer
The Message Transport layer manages end-to-end message reliability and oversees the request states. It supports data fetching and forwarding between nodes while ensuring consistent communication across the network. PlatON also uses a Regional Flooding algorithm to broadcast messages quickly across the network, ensuring low-latency and high-speed communication.
Application Layer
At the top of the stack, the Application Layer hosts services like blockchain, routing, computing, data storage, and service discovery. It supports Service Discovery through the ReDiR mechanism, ensuring that nodes can register and lookup services efficiently across the overlay network. The Computing Service layer supports distributed computing tasks by discovering matched service providers and distributing workloads. This ensures high availability and redundancy, enhancing the robustness of PlatON’s computational capabilities.
Furthermore, the Secure Multi-Party Computation Protocol (MPC) in PlatON uses RELOAD-based cryptographic techniques, such as Garbled Circuits and Oblivious Transfer, to ensure privacy-preserving computation among multiple nodes. These protocols are essential for secure decentralized computation, making PlatON a highly secure and efficient platform for distributed computing.
Source: platon whitepaper
Finally, the Blockchain Service layer ensures synchronization between nodes, utilizing the Message Transport component to facilitate the communication of transactions and blocks, enhancing the network’s decentralized capabilities. This allows PlatON to maintain a ledger of activities while securely transmitting and validating data across its decentralized infrastructure.
The PlatON protocol is a robust, multi-layered framework designed to facilitate secure, decentralized, and efficient computing and service discovery in a trustless environment. Through its structured topology and innovative use of cryptographic protocols, it ensures the efficient handling of services and data across its network.
Structure
The PlatON Network Structure is a decentralized architecture built on the RELOAD overlay network. All nodes must join the RELOAD network and operate with unique node IDs for routing purposes. Nodes on the network are categorized into different types based on their function.
Node Types:
- Basic Service Nodes:
- Computing Nodes: These nodes perform computation tasks for the network.
- Data Nodes: They provide data to the network, playing a crucial role in computational operations.
- Routing Nodes: Used for NAT traversal, these nodes manage routing services like STUN and TURN, aiding network communication.
- Blockchain Nodes:
- Light Nodes: Store block headers and minimal data to assist with quick transaction verification.
- Full Nodes: Hold complete blockchain data and participate in the network-wide broadcast of transactions and blocks.
- Block Producers: These nodes are responsible for carrying out and validating transactions, as well as packaging them into blocks. They play a critical role in the Giskard consensus algorithm by verifying blocks through weighted computing contributions.
Each node in the network can choose to join one or more blockchains and act as a service provider. Blockchain nodes are treated as a type of service, and they use RELOAD’s service discovery mechanism to publish themselves and offer their resources to the network. By doing so, nodes ensure smooth service discovery across the decentralized platform.
Source: platon whitepaper
Multi-Chain Routing Mechanism
PlatON adopts a multi-chain approach, where users can access services from any node without direct interaction with target chain nodes. This creates a seamless, user-transparent routing process. Each blockchain is registered as a service provider, using the ReDiR tree structure within the PlatON network for efficient lookup and transaction processing.
This decentralized structure allows for the integration of various services, including TURN, SIP, computing, and data storage, across multiple blockchains. Nodes in the network are incentivized through measurable economic rewards, fostering community participation and service scalability.
PlatON Solutions
By integrating advanced cryptographic techniques, PlatON offers a decentralized network built for global AI, data providers, and developers, ensuring secure, private, and efficient data processing. With its native token LAT driving governance, transactions, and development, PlatON is at the forefront of Web3 innovation, providing the tools and infrastructure needed for the next generation of decentralized applications and digital economies.
PlatON Chain
PlatON offers an open financial infrastructure with privacy protection as its core. Built on blockchain fundamentals and supported by a privacy-preserving computation network, it serves as the next-gen Internet protocol. By integrating cryptographic technologies like secure multi-party computation and zero-knowledge proofs, PlatON provides an open-source architecture for developers, data providers, and institutions. The native token, LAT, powers the entire ecosystem, facilitating transactions, governance, and development, making it a versatile blockchain solution for Web3 applications and beyond.
Topos
Topos is a gateway to a tokenized financial future, leveraging Web3 technology to create an advanced payment clearing network. Built on the PlatON blockchain, it provides a secure, efficient, and compliant financial solution for global businesses. Topos enables streamlined cross-border transactions, stablecoin issuance, and enhanced financial inclusion. Its shared payment network connects merchants and consumers worldwide, driving innovation while lowering transaction costs and accelerating business growth. This solution bridges traditional financial services and blockchain technology to meet the needs of the global economy.
App Chain
PlatON-AppChain offers customizable blockchain solutions tailored to specific industries. Built as an extension of PlatON’s RootChain, AppChain delivers a scalable framework with modular governance, pluggable virtual machines, and configurable tokenomics. Designed for developers, AppChain supports the seamless integration of Web3 applications by providing tools to overcome industry-specific challenges. Its unique Proof of Stake (PoS)-based protocol enhances flexibility, enabling diverse on-chain governance and economic management. With PlatON-AppChain, businesses can build reliable, efficient, and specialized blockchain infrastructures to drive innovation in the digital economy.
NiftyIN
NiftyIN is PlatON’s trustless NFT minting platform, enabling the seamless creation, management, and trading of digital assets. Leveraging PlatON’s privacy-preserving computation, it offers tools for GameFi and NFT developers, reducing the barrier to entry for Web2 users. NiftyIN supports multiple contracts and artwork modes, allowing users to mint NFTs easily through user-friendly interfaces. With integrated payment channels and wallet compatibility, the platform ensures flexible and secure transactions, providing end-to-end NFT services, from minting to market distribution, for both individual creators and large-scale projects.
Datum
Datum is a decentralized privacy-preserving data network built on the PlatON ecosystem. It offers Web3 data services, including storage, sharing, and privacy-preserving computation. Datum integrates secure off-chain data processing through APIs and facilitates decentralized data sharing without compromising privacy. As part of PlatON’s three-layered AI network, Datum serves as a demonstration of privacy-preserving computation, enabling data-driven applications while maintaining confidentiality. This robust solution empowers industries to access and manage data securely in the Web3 space, driving innovation across sectors.
PlatON Features
PlatON’s network combines decentralization, security, and advanced cryptographic techniques. It is designed for high-performance blockchain applications and privacy-preserving computation. Below are the main features of PlatON, structured in four key areas:
Layer1 Architecture
PlatON’s Layer1 is designed to offer robust security, performance, and smart contract functionality. Its BFT-based PoS mechanism ensures validator fairness using the Verifiable Random Function (VRF). The CBFT protocol under a partially synchronous model enhances blockchain consensus efficiency. Validators and LAT holders participate in on-chain governance, with rights closely tied to ecosystem development. The PPoS economic incentives also ensure long-term growth by maximizing participant interests, allowing contributors to pursue economic benefits while supporting the network’s sustainability.
Source: platon.network
Smart Contracts
PlatON supports Ethereum Virtual Machine (EVM) and WebAssembly (WASM) for smart contract execution, allowing developers to write contracts in Solidity or advanced languages like C++, Rust, and Go. With this compatibility, PlatON integrates a variety of contract types, enhancing functionality and efficiency. Developers benefit from the ease of migration from Ethereum, while WASM-based contracts offer higher execution efficiency for complex applications. These features make PlatON ideal for a wide range of decentralized applications, including DeFi and NFTs.
Source: devdocs.platon.network
Privacy-preserving Computation
PlatON provides a new paradigm of privacy-preserving computation using modern cryptographic technologies like Zero-Knowledge Proofs (ZKP), Secure Multi-Party Computation (MPC), and Homomorphic Encryption (HE). This allows for non-interactive proof computation, ensuring data privacy throughout the transaction process. The Verifiable Computation (VC) algorithm further enhances scalability by allowing off-chain trust to improve on-chain performance. This combination of privacy and scalability makes PlatON particularly suited for industries like healthcare and finance, where sensitive data handling is crucial.
Source: platon.network
Open Financial Infrastructure
PlatON is designed to facilitate an open financial infrastructure, offering paths for financial freedom through LAT staking, DApps, and decentralized financial services. With support for multi-chain interoperability, PlatON allows cross-chain asset transfers across major chains like Ethereum, BNB, and Polygon. This flexibility, along with low gas fees and high transaction throughput, positions PlatON as a key player in the evolving digital economy, catering to applications in DeFi, GameFi, NFTs, and more.
These features underscore PlatON’s mission to provide a secure, efficient, and open network for decentralized applications, smart contracts, and privacy-preserving computations.
What is the LAT Coin?
LAT is the native cryptocurrency of the PlatON network, used for staking, transactions, and governance. Its total supply counts 10.25 billion units, of which 5.99 billion are already in circulation (September 2024).
LAT serves multiple roles within its ecosystem. As a payment and settlement token, LAT facilitates online economic activities such as service and asset transactions, as well as token transfers across the network. It also plays a crucial role in governance, enabling LAT holders to vote on key decisions regarding network operations, software upgrades, and ecosystem development. This includes voting on system parameters and network proposals that directly impact the future direction of PlatON.
LAT holders can also stake or delegate their tokens to contribute to network security and performance by providing services such as transaction verification, computation, and data/algorithm sharing. In return, stakers receive rewards, incentivizing their participation in the network.
The total supply of LAT tokens is fixed at 10 billion. Distribution includes key allocations to the founding team (20%), the LatticeX Foundation (15%), and funds like the Ecosystem Fund, Research Fund, and Developer Fund, each receiving 10%. A portion is also allocated to private sales, with A, B1, and B2 investors receiving a collective 12.84%, while the token treasury holds 7.15%. A 15% reserve ensures the long-term sustainability of the project.
Source: platon.network
Through staking, DApp interaction, and data token issuance, LAT is integral to the functionality and growth of the PlatON network.
Is LAT a Good Investment?
LAT has strong potential due to its central role in the PlatON network, which focuses on privacy-preserving computation and scalable blockchain solutions. Its use cases in governance, staking, and facilitating decentralized applications could drive demand as the ecosystem grows. However, a potential drawback is that PlatON operates in a competitive space, with many projects offering similar blockchain and privacy solutions. If PlatON doesn’t differentiate itself effectively or secure widespread adoption, LAT’s value might struggle to grow significantly. As with all investments, risks and rewards need careful consideration.
How to Own LAT?
To own LAT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy LAT.
News on PlatON
In July 2024, PlatON announced a strategic partnership with Coins.ph, the Philippines’ largest digital asset platform. This collaboration integrates Coins.ph’s payment gateway into PlatON’s Web3 payment system, TOPOS, enabling seamless currency exchanges between fiat and digital currencies. Users will benefit from favorable exchange rates and low transaction fees. With over 16 million users, Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas. This partnership marks a significant step in expanding PlatON’s reach and enhancing the user experience in the evolving Web3 landscape.
Useful References
For the latest updates about PlatON, you can visit:
Take Action on LAT
Check out LAT price today, and start trading your favorite currency pairs.
Related articles
What Are Altcoins?
What Is Ethereum 2.0? Understanding The Merge
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What is PlatON? All You Need to Know About LAT
What is PlatON (LAT)?
How Does PlatON Work? Protocol and Structure
PlatON Solutions
PlatON Features
What is the LAT Coin?
Is LAT a Good Investment?
How to Own LAT?
News on PlatON
Useful References
Take Action on LAT
PlatON is a privacy-preserving blockchain platform focusing on data-sharing, AI collaboration, and decentralized finance applications.
Blockchain scalability is a major challenge, as consensus algorithms require numerous nodes to validate transactions or computations. While this ensures trustlessness, it significantly increases the time and resources required. Verifiable computation (VC) offers a more efficient solution by allowing verifiers to check results without repeated computations. This reduces the need for multiple nodes and cuts costs. Additionally, VC enhances scalability and privacy by eliminating the need for consensus-driven blockchain models. PlatON leverages VC, multi-party computation, and homomorphic encryption to create a more scalable, verifiable, and privacy-focused infrastructure.
What is PlatON (LAT)?
Since its inception, PlatON (LAT) has been working toward creating a decentralized, privacy-preserving, and scalable network, contributing to the evolving blockchain landscape. Founded by the LatticeX Foundation, the project made a significant breakthrough in October 2020 when it raised $12 million through a private equity funding round, backed by HashKey Capital. This funding propelled PlatON’s mission to enable seamless interaction between decentralized applications and traditional systems.
The LatticeX Foundation drives the development of a large-scale interoperable computational network, supporting distributed economies and business applications. It fosters academic research, technological innovation, and industrial use cases in cryptography, AI, and IoT fields. The foundation also incubates startups, supports cutting-edge research, and facilitates global community engagement through conferences and workshops, promoting data sovereignty and collaborations.
PlatON debuted at the Singapore FinTech Festival, showcasing its capabilities and potential in collaboration with TOPOS TDI. This event marked PlatON’s entrance into the global fintech ecosystem. Its focus on asset tokenization, in partnership with the Monetary Authority of Singapore, emphasized its commitment to revolutionizing asset management by creating digital representations of physical assets.
In 2024, PlatON expanded its footprint in the Web3 space through a strategic collaboration with NETDRAGON WEBSOFT, opening opportunities to further integrate blockchain in gaming and broader digital economies. Notable partners such as Google Cloud, Coinhub, and Alchemy Pay have joined PlatON’s growing ecosystem, enhancing its technical capabilities and providing a robust foundation for developers and enterprises.
How Does PlatON Work? Protocol and Structure
The PlatON network protocol is a sophisticated, decentralized, and trustless computing framework designed to provide high-efficiency services across different domains. It is built on a structured topology using the RELOAD (Resource Location And Discovery) protocol and the Kademlia-based algorithm for efficient resource discovery, data replication, and distributed hashing. This structure ensures scalability and resilience across the network.
The network protocol stack in PlatON is divided into several layers, each with distinct functions that support secure, efficient, and distributed computation. These layers include the Link Layer, Network Layer, Transport Layer, and Application Layer, each responsible for different aspects of data transmission, storage, computation, and communication.
Link Layer
The Link Layer in the PlatON protocol is responsible for securing data transfer between nodes, using encryption protocols like TLS (Transport Layer Security) and DTLS (Datagram Transport Layer Security) to prevent eavesdropping, tampering, and spoofing. This layer also supports various international encryption algorithms such as SHA-256 and RSA, ensuring flexibility in cryptographic methods to maintain the integrity and authentication of transmitted data.
Network Layer
The Forwarding and Connection Management layer handles routing between nodes. It stores and implements the routing table, ensuring packet forwarding, and supports connections over NATs using ICE (Interactive Connectivity Establishment). This ensures smooth communication between nodes by maintaining a robust routing mechanism.
Topology Plug-in
The Topology Plug-in leverages RELOAD, a P2P network framework that helps develop and implement distributed topologies, whether structured or unstructured. It uses components such as the Message Transport and Data Storage layers to efficiently manage data replication and message forwarding. Based on the Kademlia DHT algorithm, the topology plugin ensures that nodes can discover each other and maintain secure data flow. The ReDiR (Recursive Distributed Rendezvous) mechanism is employed to create efficient service discovery by embedding nodes into a distributed tree structure, reducing overhead and improving lookup times for service nodes.
Transport Layer
The Message Transport layer manages end-to-end message reliability and oversees the request states. It supports data fetching and forwarding between nodes while ensuring consistent communication across the network. PlatON also uses a Regional Flooding algorithm to broadcast messages quickly across the network, ensuring low-latency and high-speed communication.
Application Layer
At the top of the stack, the Application Layer hosts services like blockchain, routing, computing, data storage, and service discovery. It supports Service Discovery through the ReDiR mechanism, ensuring that nodes can register and lookup services efficiently across the overlay network. The Computing Service layer supports distributed computing tasks by discovering matched service providers and distributing workloads. This ensures high availability and redundancy, enhancing the robustness of PlatON’s computational capabilities.
Furthermore, the Secure Multi-Party Computation Protocol (MPC) in PlatON uses RELOAD-based cryptographic techniques, such as Garbled Circuits and Oblivious Transfer, to ensure privacy-preserving computation among multiple nodes. These protocols are essential for secure decentralized computation, making PlatON a highly secure and efficient platform for distributed computing.
Source: platon whitepaper
Finally, the Blockchain Service layer ensures synchronization between nodes, utilizing the Message Transport component to facilitate the communication of transactions and blocks, enhancing the network’s decentralized capabilities. This allows PlatON to maintain a ledger of activities while securely transmitting and validating data across its decentralized infrastructure.
The PlatON protocol is a robust, multi-layered framework designed to facilitate secure, decentralized, and efficient computing and service discovery in a trustless environment. Through its structured topology and innovative use of cryptographic protocols, it ensures the efficient handling of services and data across its network.
Structure
The PlatON Network Structure is a decentralized architecture built on the RELOAD overlay network. All nodes must join the RELOAD network and operate with unique node IDs for routing purposes. Nodes on the network are categorized into different types based on their function.
Node Types:
- Basic Service Nodes:
- Computing Nodes: These nodes perform computation tasks for the network.
- Data Nodes: They provide data to the network, playing a crucial role in computational operations.
- Routing Nodes: Used for NAT traversal, these nodes manage routing services like STUN and TURN, aiding network communication.
- Blockchain Nodes:
- Light Nodes: Store block headers and minimal data to assist with quick transaction verification.
- Full Nodes: Hold complete blockchain data and participate in the network-wide broadcast of transactions and blocks.
- Block Producers: These nodes are responsible for carrying out and validating transactions, as well as packaging them into blocks. They play a critical role in the Giskard consensus algorithm by verifying blocks through weighted computing contributions.
Each node in the network can choose to join one or more blockchains and act as a service provider. Blockchain nodes are treated as a type of service, and they use RELOAD’s service discovery mechanism to publish themselves and offer their resources to the network. By doing so, nodes ensure smooth service discovery across the decentralized platform.
Source: platon whitepaper
Multi-Chain Routing Mechanism
PlatON adopts a multi-chain approach, where users can access services from any node without direct interaction with target chain nodes. This creates a seamless, user-transparent routing process. Each blockchain is registered as a service provider, using the ReDiR tree structure within the PlatON network for efficient lookup and transaction processing.
This decentralized structure allows for the integration of various services, including TURN, SIP, computing, and data storage, across multiple blockchains. Nodes in the network are incentivized through measurable economic rewards, fostering community participation and service scalability.
PlatON Solutions
By integrating advanced cryptographic techniques, PlatON offers a decentralized network built for global AI, data providers, and developers, ensuring secure, private, and efficient data processing. With its native token LAT driving governance, transactions, and development, PlatON is at the forefront of Web3 innovation, providing the tools and infrastructure needed for the next generation of decentralized applications and digital economies.
PlatON Chain
PlatON offers an open financial infrastructure with privacy protection as its core. Built on blockchain fundamentals and supported by a privacy-preserving computation network, it serves as the next-gen Internet protocol. By integrating cryptographic technologies like secure multi-party computation and zero-knowledge proofs, PlatON provides an open-source architecture for developers, data providers, and institutions. The native token, LAT, powers the entire ecosystem, facilitating transactions, governance, and development, making it a versatile blockchain solution for Web3 applications and beyond.
Topos
Topos is a gateway to a tokenized financial future, leveraging Web3 technology to create an advanced payment clearing network. Built on the PlatON blockchain, it provides a secure, efficient, and compliant financial solution for global businesses. Topos enables streamlined cross-border transactions, stablecoin issuance, and enhanced financial inclusion. Its shared payment network connects merchants and consumers worldwide, driving innovation while lowering transaction costs and accelerating business growth. This solution bridges traditional financial services and blockchain technology to meet the needs of the global economy.
App Chain
PlatON-AppChain offers customizable blockchain solutions tailored to specific industries. Built as an extension of PlatON’s RootChain, AppChain delivers a scalable framework with modular governance, pluggable virtual machines, and configurable tokenomics. Designed for developers, AppChain supports the seamless integration of Web3 applications by providing tools to overcome industry-specific challenges. Its unique Proof of Stake (PoS)-based protocol enhances flexibility, enabling diverse on-chain governance and economic management. With PlatON-AppChain, businesses can build reliable, efficient, and specialized blockchain infrastructures to drive innovation in the digital economy.
NiftyIN
NiftyIN is PlatON’s trustless NFT minting platform, enabling the seamless creation, management, and trading of digital assets. Leveraging PlatON’s privacy-preserving computation, it offers tools for GameFi and NFT developers, reducing the barrier to entry for Web2 users. NiftyIN supports multiple contracts and artwork modes, allowing users to mint NFTs easily through user-friendly interfaces. With integrated payment channels and wallet compatibility, the platform ensures flexible and secure transactions, providing end-to-end NFT services, from minting to market distribution, for both individual creators and large-scale projects.
Datum
Datum is a decentralized privacy-preserving data network built on the PlatON ecosystem. It offers Web3 data services, including storage, sharing, and privacy-preserving computation. Datum integrates secure off-chain data processing through APIs and facilitates decentralized data sharing without compromising privacy. As part of PlatON’s three-layered AI network, Datum serves as a demonstration of privacy-preserving computation, enabling data-driven applications while maintaining confidentiality. This robust solution empowers industries to access and manage data securely in the Web3 space, driving innovation across sectors.
PlatON Features
PlatON’s network combines decentralization, security, and advanced cryptographic techniques. It is designed for high-performance blockchain applications and privacy-preserving computation. Below are the main features of PlatON, structured in four key areas:
Layer1 Architecture
PlatON’s Layer1 is designed to offer robust security, performance, and smart contract functionality. Its BFT-based PoS mechanism ensures validator fairness using the Verifiable Random Function (VRF). The CBFT protocol under a partially synchronous model enhances blockchain consensus efficiency. Validators and LAT holders participate in on-chain governance, with rights closely tied to ecosystem development. The PPoS economic incentives also ensure long-term growth by maximizing participant interests, allowing contributors to pursue economic benefits while supporting the network’s sustainability.
Source: platon.network
Smart Contracts
PlatON supports Ethereum Virtual Machine (EVM) and WebAssembly (WASM) for smart contract execution, allowing developers to write contracts in Solidity or advanced languages like C++, Rust, and Go. With this compatibility, PlatON integrates a variety of contract types, enhancing functionality and efficiency. Developers benefit from the ease of migration from Ethereum, while WASM-based contracts offer higher execution efficiency for complex applications. These features make PlatON ideal for a wide range of decentralized applications, including DeFi and NFTs.
Source: devdocs.platon.network
Privacy-preserving Computation
PlatON provides a new paradigm of privacy-preserving computation using modern cryptographic technologies like Zero-Knowledge Proofs (ZKP), Secure Multi-Party Computation (MPC), and Homomorphic Encryption (HE). This allows for non-interactive proof computation, ensuring data privacy throughout the transaction process. The Verifiable Computation (VC) algorithm further enhances scalability by allowing off-chain trust to improve on-chain performance. This combination of privacy and scalability makes PlatON particularly suited for industries like healthcare and finance, where sensitive data handling is crucial.
Source: platon.network
Open Financial Infrastructure
PlatON is designed to facilitate an open financial infrastructure, offering paths for financial freedom through LAT staking, DApps, and decentralized financial services. With support for multi-chain interoperability, PlatON allows cross-chain asset transfers across major chains like Ethereum, BNB, and Polygon. This flexibility, along with low gas fees and high transaction throughput, positions PlatON as a key player in the evolving digital economy, catering to applications in DeFi, GameFi, NFTs, and more.
These features underscore PlatON’s mission to provide a secure, efficient, and open network for decentralized applications, smart contracts, and privacy-preserving computations.
What is the LAT Coin?
LAT is the native cryptocurrency of the PlatON network, used for staking, transactions, and governance. Its total supply counts 10.25 billion units, of which 5.99 billion are already in circulation (September 2024).
LAT serves multiple roles within its ecosystem. As a payment and settlement token, LAT facilitates online economic activities such as service and asset transactions, as well as token transfers across the network. It also plays a crucial role in governance, enabling LAT holders to vote on key decisions regarding network operations, software upgrades, and ecosystem development. This includes voting on system parameters and network proposals that directly impact the future direction of PlatON.
LAT holders can also stake or delegate their tokens to contribute to network security and performance by providing services such as transaction verification, computation, and data/algorithm sharing. In return, stakers receive rewards, incentivizing their participation in the network.
The total supply of LAT tokens is fixed at 10 billion. Distribution includes key allocations to the founding team (20%), the LatticeX Foundation (15%), and funds like the Ecosystem Fund, Research Fund, and Developer Fund, each receiving 10%. A portion is also allocated to private sales, with A, B1, and B2 investors receiving a collective 12.84%, while the token treasury holds 7.15%. A 15% reserve ensures the long-term sustainability of the project.
Source: platon.network
Through staking, DApp interaction, and data token issuance, LAT is integral to the functionality and growth of the PlatON network.
Is LAT a Good Investment?
LAT has strong potential due to its central role in the PlatON network, which focuses on privacy-preserving computation and scalable blockchain solutions. Its use cases in governance, staking, and facilitating decentralized applications could drive demand as the ecosystem grows. However, a potential drawback is that PlatON operates in a competitive space, with many projects offering similar blockchain and privacy solutions. If PlatON doesn’t differentiate itself effectively or secure widespread adoption, LAT’s value might struggle to grow significantly. As with all investments, risks and rewards need careful consideration.
How to Own LAT?
To own LAT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy LAT.
News on PlatON
In July 2024, PlatON announced a strategic partnership with Coins.ph, the Philippines’ largest digital asset platform. This collaboration integrates Coins.ph’s payment gateway into PlatON’s Web3 payment system, TOPOS, enabling seamless currency exchanges between fiat and digital currencies. Users will benefit from favorable exchange rates and low transaction fees. With over 16 million users, Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas. This partnership marks a significant step in expanding PlatON’s reach and enhancing the user experience in the evolving Web3 landscape.
Useful References
For the latest updates about PlatON, you can visit:
Take Action on LAT
Check out LAT price today, and start trading your favorite currency pairs.
Related articles
What Are Altcoins?
What Is Ethereum 2.0? Understanding The Merge