LITEX biweekly report (8.12–8.16)

LITEX
2 min readSep 24, 2019

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Highlights of this week:

§ LITEX officially released its Node Roadmap, and there are 8 consensus nodes joined into the project so far.

§ LITEX CMO Laura has been invited to the Live Chat with HuoBi and gave a speech titled “Creating the biggest Layer2 ecosystem”.

Technical Advances:

§ Payment: Finished Daily Payment module’s UI design and API portal design, contacted and connected corresponding business. Partially realized Daily Payment module’s frontend UI.

§ DAPP: Finished transferring DAPP contract frame to WAN and tested said functions. Starting to organize “Red Pocket” APP related work, optimized data initialization workflow.

Marketing Updates:

§ LITEX has released its Node Roadmap, and there are 8 consensus nodes joined into the project so far.

At 8 PM, Aug 13th, after LITEX released its first commercial-grade layer2 payment product, LITEX officially released its Node Roadmap. In order to ensures the off-chain data’s creditability, on top of the existing Main-Chain contract security measures, LITEX uses pBFT Federation Chain to preserve and share off-chain data, this is called LDC. (LITEX Data Chain) First planned nodes are consensus nodes, each node required to pledge at least three million LXT for a year, and this pledge cannot quite before the time of the time period. In order to encourage nodes to join the project, joined nodes will be payed via one hundred thousand LXT per month, claimable every 30 days. There are 8 consensus nodes joined the project so far, twenty-four thousand LXT have been locked down, 3% of the total flow. Anyone and/or group that qualify can join as LDC node, the deadline for application submission is 31st Aug at 20:00. There are total of 100 consensus nodes planned, 37.5% of total LTX flow will be locked down.

§ LITEX CMO Laura has been invited to the Live Chat with HuoBi and gave a speech titled “Creating the biggest Layer2 ecosystem”.

At 3 PM on Aug 14th, LITEX CMO Laura has been invited to the Live Chat with HuoBi and gave a speech titled “Creating the biggest Layer2 ecosystem”. HuoBi Wallet is the product of HuoBi Group, and it now supports more than 14 Main-Chain coins. In the near future, LITEX and HuoBi will cooperate closely in the crptop-payment and DAPP field, accelerating the establishment of layer2 ecosystem.

Contact:

Website: litex.io

Forum: talk.litex.io

Email: contact@litex.io

Whitepaper: litex.io/wp

Github: github.com/litex io

Telegram: http://t.me/litex_official

Twitter:@litex_io

Medium:@litex_io

Facebook:@Litex Lab

Reddit:@litex_lab

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LITEX
LITEX

Written by LITEX

LITEX is a decentralized value exchange ecosystem based on layer2 technology.

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