_Every new technology comes with disruption and initially people always takes it negatively. History has proven this in many times, like invention of IC engines, electricity, first car, plane, rocket, internet, artificial intelligence and blockchain technology. Blockchain is known as the revolutionary technology in the history of mankind. Due to its immutable properties the world is giving special attention to implement it into every sphere of our society. Bitcoin has attracted every person around world due to its high price fluctuations. Together blockchain and cryptocurrency have created huge hype that every person wants to invest in it._
## Problems
Even though blockchain is the revolutionary technology and it has the capability to transform every sphere of our society but still it is facing many challenges which hinders the global adoption of blockchain technology. Many businesses and organisations require simple yet effective and efficient blockchain based solutions. Today many blockchain based projects are working hard to provide perfect solutions which gives high volume of data processing at high speed with low transaction cost.
Thanks to a team of highly experienced professionals who are committed to provide blockchain based solutions by creating a platform called _**LTO NETWORK**_.
## About the project
The main aim of the project is to create a blockchain technology powered decentralized platform which offers simple and effective blockchain tools which solves many industrial problems. The solution provided by _LTO NETWORK_ will be available for corporates, companies and other business participants.
The _LTO NETWORK_ will improve the market participants inter cooperative relationship through transparent ledger. Decentralization eliminates unnecessary intermediaries, improves security and transparency, which ultimately gives trust in the system.
## Advantages
In order to achieve the above mentioned objectives the _LTO NETWORK_ will implement self executing smart contracts. These smart contracts will automatically execute the given operations with predetermined terms and conditions, effectively and efficiently. These smart contracts works in accordance with the terms and conditions set by the both parties. This gives highest level security, transparency and trust in the following operations. It also helps to resolve any kind of disputes effectively. With this most of the business processes can be automated by using live contracts powered by blockchain ledger. These live contracts provide reliable and effective tools for any type of businesses and organisations. It helps to improve the relationship between all market participants.
Another feature of _LTO NETWORK_ is that it can support both private and global blockchain networks simultaneously. Every transaction identification and security processes will interact with _LTO NETWORK_, which is similar to NXT algorithms. All these processes will be responded through transaction chain within a short period of time. The _LTO NETWORK_ can be easily implemented into all types of businesses, companies and in government officials.
All the tools provided by _LTO NETWORK_ will be more technologically advanced, reliable, effective and transparent. This helps businesses and companies to solve the problems and be modernize with it. Thus every process becomes faster, reliable and effective, which increases the company profit in every way.
## Token structure
The _LTO NETWORK_ uses its own internal token called _LTO_. With this token we can perform every platform operations and can also be able to purchase goods and access various other services. These tokens are on the Ethereum blockchain powered ERC20 compatible tokens. There are totally 500 million LTO coins were minted and will be distributed during various crowd sale stages.
## Conclusion
There is no doubt that the _ LTO NETWORK_ will play an important in accelerating the growth and mainstream adoption of blockchain and cryptocurrency. It is worth to note that the _LTO NETWORK_ is already providing services from the last 4 years and this project is just a continuation of it. The _LTO NETWORK_ is committed to provide effective, reliable and efficient tools which help businesses and organisations to effectively get rid of problems. Thus every business will be modernized and adoption of smart contracts increases trust and customer relationships.
Finally I would suggest you to read the official whitpepaper of the project for more details. This project needs much public attention and I wish all the best for this great project.
**Learn more about LTO Network:**
**Website:** https://lto.network
**Read Whitepaper:** https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf
**Telegram:** https://t.me/joinchat/AJWQTUDKtDlsuGHVFb40eQ
**Twitter:** https://twitter.com/ltonetwork
**Medium:** https://medium.com/ltonetwork
**LinkedIn:**
**Reddit:** https://www.reddit.com/r/livecontracts/
**YouTube:** https://www.youtube.com/channel/UCaHcF-xterKYTKSpY4xgKiw
**GitHub:** https://github.com/legalthings
**About Author:**
**Bitcointalk username:** Abhijeetcg
**Bitcointalk profile link:** https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
**ETH address:** 0x96e95a1F40cf5a50178053740ADE18046815362d
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