The LightStreams project has the following advantages: Disadvantages of the project are as follows: Lighstreams solves the problem of data storage when sharing content on the blockchain networks.
They assume an exponential growth of the Dapps market that will be interested in using the LightStreams network. The team is strong with a good and adequate background in the blockchain ecospace. Lightstreams is built using a modified version of the Ethereum blockchain and retains compatibility with the existing ecosystem of Ethereum developer tools and libraries. There are doubts whether the founders of the project are going to do something after the ICO. BlockChain StrategistRated on May 28, 2018 19%weight It’s a very interesting project, and Blockchain transaction speed or throughput performance is always a matter of concern.
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- Large storage capacity
- Reduced data storage costs
- High transaction speed
- Data management and protection.
The Lightstreams protocol for peer-to-peer sharing of content dynamically scales to match the load as demand increases.
(we promise we won’t send out spam or share your e-mail address with anyone else) Lightstreams tries to address content sharing problem on blockchain networks. Storing data on BC is expensive, slow and all data is public to everyone therefore Lightstreams focuses on the privacy, confidentiality and scalability for DApps. It is likely that the founders of the project assess the trend correctly. Businesses today are evaluating how blockchain will disrupt their operations or how it can harness the power of this new technology to further its agenda. Content Sharing Build social media DApps where users keep their own data.
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Lightstreams solves both transaction speeds and data transmission by utilising a fast consensus mechanism and a peer-to-peer file sharing respectively.
We have a neutral view for flipping if this is the option that the team chooses. The Lightstreams network consists of an independent Ethereum-compatible blockchain. The project has a relatively low hard cap for a blockchain protocol project and has generated high market awareness. They’re aiming to solve the problems of data storage and management by using a permissioned decentralized storage system. To address the scalability issue – The Lightstreams protocol is using Proof of Authority (PoA) consensus algorithm which we will touch on in a moment.
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The LightStreams project uses Permissioned Blocks technology, which gives Dapps developers the following benefits: Competitive advantages are formulated quite clearly.
Our technology focuses on the requirements of privacy, confidentiality and scalability for Decentralised Applications (DApps) that interact in direct, peer-to-peer channels. The LightStreams project doesn’t have a marketing strategy and it’s very sad. The idea of the project was conceived and developed more than one year ago during last year’s Consensus Hackathon. Using a system of staking tokens, network participants will be able submit proposals to amend the network protocol. “Designed for Decentralised Applications that require SPEED and PRIVACY when sharing content.”
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With the experienced and well advised teams behind Filecoin and Swarm, I see Lightstreams competing against well funded peers in the distributed storage and blockchain space.
With a peer-to-peer storage that supports privacy between participants will open up the possibility for more complex Decentralised Apps (DApps) than currently achievable. ICO Adviser, Marketing Expert, Entrepreneur in Blockchain and Online ProjectsRated on May 6, 2018 2%weight This rating’s weight is reduced by 50% as there is no review added. All the very best to the team 1 person agree ICO Analyst|Content Writer|Trader| CFA Charterholder|ConsultantRated on May 8, 2018 15%weight This project looks great. Lightstreams allows for uncapped data storage with no associated blockchain transaction fees. The project team has skills mainly in IT-engineering and programming, which is quite relevant to the project.
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The project team consists of 6 people experienced in software blockchain and engineering, blockchain development, digital design, digital marketing.
However, the team suspended the development and waited until one year later to conduct an ICO to continue the project. Hard cap of the project is 20 million dollars. Tokens of the project (PHOTON tokens) will be used for the following purposes: The revenue model of the platform is not described. Rather than raising money with just a whitepaper – blood, sweat, and tears went into building the project prior to raising their public profile. But I keep going back to the question of whether the Lightstreams team is able to take on early movers such as Filecoin. DApps are a new breed of application that run on a peer-to-peer network in contrast to traditional applications that run on centralised servers. Proposals will be voted upon and successful approvals will be implemented through coordinated software upgrades by special network nodes called Authority Nodes.