PlatON (LAT) news

What is PlatON (LAT)?

PlatON (LAT) is a revolutionary platform that combines blockchain and privacy-preserving computation technologies to create a decentralized and collaborative Artificial Intelligence (AI) network. The platform provides a comprehensive trading platform for data assets, algorithm models, and computing power. Its website emphasizes the importance of computer interoperability, which enables different networks to connect and communicate without any restrictions, making it an essential feature of PlatON.

Who are the Founders of PlatON (LAT)?

PlatON was established in 2018, with Xiao Feng as its founder. However, the LatticeX Foundation initiated and managed the development of the platform. On November 28, 2018, the whitepaper V0.6.6 was released.

How does PlatON (LAT) Work?

PlatON is a platform that offers a range of powerful features. The website emphasizes that the platform is designed to empower AI models while respecting data privacy. PlatON uses cryptography-based privacy to protect data, making it available but not visible. This ensures complete data privacy. The platform is also based on the principles of the right to be forgotten and the right to portability, conditional authorization, and minimal collection to achieve protection while securing data rights. Algorithmic models with computation logic and data input and output formats enable demanders and providers to share and trade. The platform also provides a secure global circulation of data assets through a data trading market. Additionally, PlatON offers a platform for posting computing tasks that require high processing power, while also allowing for verification of calculated results with a little computing power. This feature enables peer-to-peer computer-power trading.

What makes PlatON (LAT) Unique?

PlatON strives to provide a crucial element, Alaya, as well as a business sandbox and a testing file for the future of financial infrastructure. A sandbox serves as a software testing environment that permits independent execution of software or programs for evaluation, monitoring, or testing.

Furthermore, the PlatON network incorporates a secure and easy-to-use mobile wallet known as ATON. The ATON wallet displays the balances of users' different assets and transaction histories. Users can conduct transfers through the ATON wallet, and it can also be used offline.

What is the LAT Token?

LAT is the native token of the platform, which can be sent and received through the ATON wallet. With LAT, users can stake to become PlatON validators, participate in governance, and earn rewards. Validators are chosen by LAT holders and are responsible for maintaining and developing the PlatON network. To become a validator, a minimum staking of one hundred thousand LAT is required.

Conclusion

Decentralized systems have proven their potential through the success of PlatON's cryptocurrency. With its focus on fostering trust, scalability, privacy, and interoperability, PlatON offers users a reliable and efficient way to conduct transactions in the digital world. As the blockchain industry continues to evolve, the future of decentralized finance and beyond looks bright with PlatON and its native cryptocurrency at the forefront.