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Locus Chain
LOCUS

$0.022
Market Cap
-0.47% $46,338,106
Fully diluted market cap
$155,865,909
Circulating supply
2,081,062,787 LOCUS
Total supply
2,081,062,787 LOCUS
Max. supply
2,081,062,787 LOCUS
Volume 24h
-9.99% $207,871
Volume/Market cap (24h)
+0.45%

Official Links

Ratings

Average ratings from the community
4.6
100 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Locus Chain
LOCUS

$0.022
1D
7D
1M
3M
1Y
ALL
Market Cap
-0.47% $46,338,106
Fully diluted market cap
$155,865,909
Circulating supply
2,081,062,787 LOCUS
Total supply
2,081,062,787 LOCUS
Max. supply
2,081,062,787 LOCUS
Volume 24h
-9.99% $207,871
Volume/Market cap (24h)
+0.45%

LOCUS Price Calculator

LOCUS
USD
1 LOCUS equals $0.022 United States Dollar
Last updated 2024/09/19 18:00:20 (UTC)

Official Links

Ratings

Average ratings from the community
4.6
100 Ratings
Average ratings from the community
This content is for informational purposes only

LOCUS Market

LOCUS Market Stats

24h Low & High
Lowest Price
$0.021
Highest Price
$0.022
All Time High
$0.23
Price Change(1h)
-0.08%
Price Change(24h)
-0.40%
Price Change(7d)
+0.99%

LOCUS Price Live Data

The live price of Locus Chain is $0.022 per (LOCUS/USD) today with 24-hour trading volume is $207.87K USD. LOCUS to USD price is updated in real-time. Locus Chain is -0.40% in the last 24 hours.

LOCUS Price Performance

24DAYS
$-0.0(3)51
-2.30%
30DAYS
$-0.0051
-18.94%
90DAYS
$0.0(3)24
+1.14%
1YEAR
$0.0037
+20.77%

About Locus Chain (LOCUS)


Locus Chain aims to be the most widely used Next Generation Layer 1 Public Blockchain Protocol, which achieves both full decentralization and scalability simultaneously. As a decentralized scalable layer 1 chain based on patented technologies, Locus Chain aims to support various Defi, GameFi, Metaverse, Smart City, CBDC(Central Bank Digital Currency) projects by being the most reliable, secure, low cost and high performance layer 1 public blockchain platform.
Locus Chain claims to be the first decentralized Layer 1 public blockchain to ever solve the blockchain trilemma of Decentralization. Scalability and Security.

## LOCUS token?
The current Locus token type before the mainnet is an Ethereum-based ERC20 token with smart contract issued by Locus Chain Foundation. However, given that the tokens on the public Ethereum network cannot be used on the Locus Chain directly, we will be making use of hashed time-locked contracts to allow 1-to-1 atomic swaps of Locus tokens from Ethereum to the Locus Chain mainnet. LOCUS will be the main cryptocurrency required for all the operations of the Locus Chain network and all of its applications. LOCUS is a payment method for the entire network economy. Tokens are used by validators (who can easily participate), developers, and users to participate in the LOCUS network and receive rewards. It is also used to for fees and to participate in future governance.

## LOCUS Ecosystem
Top developers and high profile business partners are participating in the development of Locus Chain one after another. High-performance Layer 1 blockchain can create various business opportunities in sectors including decentralized finance, real estate transaction platforms, and game money, etc as well as creating various other tokens.
In addition, Locus Chain allows the users to use the blockchain verification service through a simple linkage without building a separate blockchain.
Since it is a high-performance public blockchain platform, technology licensing will be carried out in the future in the areas of CBDC and IOT, including smart cities, smart factories, and smart grids based on vast amounts of data.

## Special technology of LOCUS
*DAG(Directed Acyclic Graph) - AWTC(Account-Wise Transaction Chain)

The AWTC, Account-Wise-Transaction-Chain, is a central data structure for Locus Chain's high capacity, distributed transaction processing. AWTC is a Directed-Acyclic-Graph (DAG) based data structure composed of multiple transaction chains, each for an account. Each account has its dedicated chain. A new transaction issued by an account is primarily added to the account's chain.
Block grid structures, including DAG-AWTC, do not cause conflicts because there are as many points as the number of accounts to which the transaction is added, and only the owning account can record it exclusively.
Also, the account that added the transaction becomes clear, so if the account holder himself is not a malicious user, the transaction is almost confirmed as soon as it is added.
The ledger structure of the Locus Chain is one of the main technical features to fundamentally solve the problem of delayed transaction processing that the existing blockchains had.

* POS - BFT Consensus Algorithm
*
Given the time required for the data to propagate sufficiently to the network, the Locus Chain first implemented a BFT definitive consensus on the DAG by attempting to consent on a small amount of historical points of time.
It also selects a new proposer committee that participates in the consensus algorithm every round by a random verifiable function (VRF) based on stochastic PoS (proof of stake: the more shares, the higher the probability of being elected as a committee). Since these methods cannot identify or predict the nodes (proposer, validator) to participate in the consensus, manipulation by malicious attacks is difficult, ensuring fairness and network stability of the consensus results.

*Verifiable Pruning

Unlike traditional pruning, which reduces the size of a ledger by simply deleting old data to address growing ledger sizes, Locus Chain's Verifiable Pruninng uses a Skewed Merkle Tree structure to validate the legitimacy of the data even when most of the previous data is deleted in the local environment. Verifiable pruning deletes outdated data on the ledger while still being able to provide full data verification by verifying previous data with hash values.

*Dynamic Sharding

Locus Chain has a ledger structure formed of each account (AWTC), making it easy to adjust the number and size of the shard, and the validator ratio by relocating the shard in the event of an imbalance between shards. With dynamic sharding, the network usage that a node has to cover is reduced to 2/N when the number of shards is N. The total network TPS for network usage on the same node will increase by that amount, plus the additional ledger state sharding, which will also divide the storage usage by the number of shards.

## LOCUS’S creators
The key development members of the Locus Chain were developers of the Blueside Engine, Korea's first commercial game engine. The core of Locus Chain technology is to effectively process and synchronize large amounts of network traffic. The developers of Blueside Engine have acquired 18 software development related intellectual property rights, which are the product of the technology accumulated through console/online games and software development over the past 20 years, and hold 2 other software patents.

How to Buy LOCUS on an Exchange

Step 1: Choose a Reputable Exchange Platform

Select a trusted platform from among many available options for purchasing LOCUS. Some reputable platforms include LBNK, Okx, Kraken, and others.

Step 2: Register an Account

Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.

Step 3: Complete Identity Verification

For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.

Step 4: Link Bank or Payment Method

Link your bank account or other payment methods to the exchange platform for making payments when purchasing LOCUS.

Step 5: Purchase LOCUS

Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of LOCUS you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy LOCUS.

Step 6: Store Your LOCUS

After purchasing, you can choose to store your LOCUS in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.

Step 7: Security Reminder

To protect your exchange account and LOCUS assets, be sure to use a strong password and enable two-factor authentication.

LOCUS Price:Locus Chain aims to be the most widely used Next Generation Layer 1 Public Blockchain Protocol, which achieves both full decentralization and scalability simultaneously. The price fluctuates daily, and as of first half of 2024, the highest price for LOCUS was $0.2363.

Recommended Similar Coins: LEET, GENO

Recommended Exchanges for Trading: Kucoin

LOCUS To Local Currency

Last updated 2024/09/19 00:00:03 (UTC)

How To Buy Locus Chain

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Locus Chain and help you discover other cryptocurrencies similar to Locus Chain.

How to buy?

FAQ

Q
What is the current price of Locus Chain?
A
We update our Locus Chain to USD price in real-time. Get the live Price of Locus Chain on CoinMapAi.
Q
What is the 24 hour trading volume of Locus Chain?
A
Over the last 24 hours, the trading volume of Locus Chain is $207.87K.
Q
What is the all time high of Locus Chain?
A
The all-time high of Locus Chain is $0.23. This all-time high is highest price paid for Locus Chain since it was launched.
Q
Where can I buy Locus Chain?
A
Locus Chain can be purchased on multiple centralized exchanges. Please check our buying guide: buy Locus Chain guide.
Cryptocurrency investment activities, including actions done to buy Locus Chain online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Locus Chain instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Locus Chain purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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