The UnderlyingTechnologyPowering The LOXHybrid Blockchain
LOX Network runs smoothly thanks to the technologies powering our ecosystem.
Putting the power of device ownership in the hands of owners, not wireless carriers. Our mission is to secure and recover devices through global data accessibility and sharing.
Consensus Modelofthe LOX Network
The LOX Network is based on the consensus mechanism of Proof of Authority (PoA), providing high performance and high fault tolerance on our hybrid blockchain.
By including the PoA on the LOX Network, we gain the right to generate a new block which is provided to the nodes that have proven their authority. During the process of gaining authority, the node must go through an authentication process. Validators will have to go through a know-your-customer (KYC) process authorized on the LOX-EVM chain.
You can launch your project on our hybrid blockchain too, contact us here for more information.