What is PlatON? Everything you need to know about LAT

PlatON is a privacy-preserving blockchain platform that focuses on data sharing, AI collaboration, and Decentralization finance applications.

The scalability of the Block chain is a major challenge, as the Consensus Algorithm requires a large number of Nodes to verify transactions or perform calculations. Although this ensures a trustless environment, it significantly increases the time and resources required. Verifiable Computation (VC) provides a more efficient solution, allowing validators to check results without the need for redundant calculations, thereby reducing the need for multiple Nodes and lowering the cost. In addition, VC improves scalability and privacy by eliminating the need for a Consensus-driven Block chain model. PlatON utilizes VC, longer computation, and Homomorphic Encryption technology to create a more scalable, verifiable, and privacy-protecting infrastructure.

What is PlatON (LAT)?

Since its establishment, PlatON (LAT) has been committed to building a Decentralization, privacy-protecting, and scalable network, contributing to the ever-growing blockchain ecosystem. The project was founded by the LatticeX Foundation and raised $12 million in a private sale financing round through HashKey Capital in October 2020, achieving a major breakthrough. This funding has propelled PlatON to seamlessly connect Decentralization applications with traditional systems.

LatticeX Foundation promotes the development of a large-scale interoperable computing network, supporting distributed economy and business applications. It promotes academic research, technological innovation, and industrial application cases in the fields of cryptography, artificial intelligence, and internet of things. The foundation also incubates startups, supports cutting-edge research, and promotes global community participation through conferences and seminars to advance data sovereignty and collaboration.

PlatON made its first appearance at the Singapore Fintech Festival, showcasing its capabilities and potential in cooperation with TOPOS TDI. This event marks PlatON’s entry into the global financial technology ecosystem. Its collaboration with the Monetary Authority of Singapore, focusing on asset tokenization, underscores its commitment to innovating asset management through the creation of digital representations of physical assets.

In 2024, PlatON further expanded its influence in the Web3 field through strategic cooperation with NETDRAGON WEBSOFT, opening up opportunities to integrate blockchain more deeply into games and the broader digital economy. Well-known partners such as Google Cloud, Coinhub, and Alchemy Pay have joined PlatON’s growing ecosystem, enhancing its technological capabilities and providing a solid foundation for developers and enterprises.

How does PlatON work? protocol and structure

The PlatON network protocol is a complex, decentralized, trustless computing framework designed to provide efficient services in different fields. It is based on structured topology and uses the RELOAD (Resource Location and Discovery) protocol and Kademlia-based algorithms to achieve efficient resource discovery, data replication, and distributed hashing. This structure ensures the scalability and resilience of the network.

The network protocol stack of PlatON is divided into several layers, each with different functions to support secure, efficient, and distributed computing. These layers include the link layer, network layer, transport layer, and Application Layer, each responsible for different aspects of data transmission, storage, computation, and communication.

Link Layer

The link layer in the PlatON protocol is responsible for ensuring the secure transmission of data between Nodes, using encryption protocols such as TLS (Transport Layer Security) and DTLS (Datagram Transport Layer Security) to prevent eavesdropping, tampering, and deception. This layer also supports a variety of international Encryption Algorithms, such as SHA-256 and RSA, to ensure the flexibility of encryption methods in order to maintain the integrity and authentication of transmitted data.

Network Layer

Forwarding and connection management handle the routing between Nodes. It stores and enforces routing tables, ensures packet forwarding, and supports connections on NAT through ICE (Interactive Connectivity Establishment). This ensures smooth communication between Nodes and maintains a robust routing mechanism.

Topology Plugin

The topology plugin uses RELOAD, a P2P network framework that helps in developing and implementing distributed topologies, whether structured or unstructured. It utilizes components such as message transport and data storage layers to effectively manage data replication and message forwarding. Based on the Kademlia DHT Algorithm, the topology plugin ensures that Nodes can discover and maintain secure data flows. The ReDiR (Recursive Distributed Rendezvous) mechanism is used to create efficient service discovery by embedding Nodes in a distributed tree structure, thereby reducing overhead and improving the search speed of service Nodes.

Transport Layer

The message transmission layer manages end-to-end message reliability and supervises request status. It supports data acquisition and forwarding between Nodes, while ensuring consistent communication in the network. PlatON also uses regional flooding Algorithm to quickly broadcast messages, ensuring low latency and high-speed communication.

Application Layer

At the top of the stack, the application layer carries services such as blockchain, routing, computing, data storage, and service discovery. It supports service discovery through the ReDiR mechanism, ensuring that the Node can efficiently register and find services in the overlay network. The computing service layer discovers matching service providers and allocates workloads to support distributed computing tasks. This ensures high availability and redundancy, enhancing the robustness of PlatON’s computing capabilities.

In addition, the secure multi-party computation (MPC) protocol in PlatON uses RELOAD-based encryption technologies such as encryption circuits and covert transmission to ensure privacy protection computation among multiple nodes. These protocols are essential for secure decentralized computing, making PlatON a highly secure and efficient distributed computing platform.

Source: platon White Paper

Finally, the Block chain service layer ensures the synchronization between Nodes, facilitates the communication of transactions and Blocks using the message transmission component, and enhances the Decentralization capability of the network. This allows PlatON to maintain an active ledger while securely transmitting and verifying data in its Decentralization infrastructure.

The PlatON protocol is a powerful and multi-layered framework designed to promote secure, decentralized, and efficient computing and service discovery in a trustless environment. Through its structured topology and innovative encryption protocol applications, it ensures efficient processing of services and data in the network.

Structure

The PlatON network structure is a Decentralization architecture built on the RELOAD overlay network. All Nodes must join the RELOAD network and use a unique Node ID for routing. Nodes on the network are classified into different types based on their functions.

Node type:

1. Basic Service Node:

• Calculate Node: These Nodes are responsible for executing computing tasks for the network.
• Data Node: These Nodes provide data to the network and play a crucial role in computational operations.
• Routing Node: These Nodes are used for NAT traversal and manage routing services such as STUN and TURN to help optimize network communication.

2. Blockchain Node:

• light node: store block headers and the minimum data to help quickly verify transactions.
• Full Node: Saves complete Block chain data and participates in transaction and Block broadcasting throughout the network.
• Block Producers: These Nodes are responsible for executing and validating transactions, and packaging them into Blocks. They play a key role in the Giskard Consensus Algorithm, contributing to the verification of Blocks through weighted calculations.

Each Node in the network can choose to join one or more Blockchains and act as a service provider. The Blockchain Node is considered a service and publishes itself using the RELOAD service discovery mechanism to provide its resources to the network. In this way, the Node ensures smooth service discovery on the Decentralization platform.

Source: platon White Paper

Multi-Chain Routing Mechanism

PlatON uses a multi-chain routing approach, allowing users to access services from any Node without directly interacting with the target chain Node. This creates a seamless and user-transparent routing process. Each blockchain registers as a service provider, utilizing the efficient lookup and transaction processing of the ReDiR tree structure in the PlatON network.

This Decentralization structure allows for the integration of various services across multiple blockchains, including TURN, SIP, computing, and data storage. Nodes in the network are incentivized through measurable economic rewards, promoting community participation and service scalability.

PlatON Solution

By integrating advanced encryption technology, PlatON provides a Decentralization network built for global AI, data providers, and developers, ensuring the security, privacy, and efficiency of data processing. Its native Token LAT drives governance, transactions, and development, positioning PlatON at the forefront of Web3 innovation, providing the tools and infrastructure needed for the next generation of Decentralized applications and digital economy.

PlatON Chain

PlatON provides an open financial infrastructure with privacy protection at its core. The infrastructure is built on the Block chain and supported by a privacy-preserving computing network, becoming the next generation internet protocol. By integrating secure multi-party computation and Zero-Knowledge Proof and other encryption technologies, PlatON provides an Open Source architecture for developers, data providers, and institutions. The native Token LAT drives the entire ecosystem, promoting transactions, governance, and development, making it a versatile Blockchain solution for Web3 applications and other applications.

Topos

Topos is the gateway to the future of tokenization finance, creating an advanced Payment Network using Web3 technology for secure, efficient, and Compliance financial solutions on the PlatON Blockchain. Topos simplifies cross-border transactions, facilitates stable coin issuance, and enhances financial inclusivity. Its shared Payment Network connects global businesses and consumers, driving innovation while reducing Transaction Cost and accelerating business growth. This solution combines traditional Financial Service with Blockchain technology to meet the needs of the global economy.

AppChain

PlatON-AppChain provides customizable blockchain solutions for specific industries. As an extension of PlatON RootChain, AppChain offers a scalable framework with modular governance, pluggable Virtual Machine, and configurable tokenomics. Designed for developers, AppChain supports seamless integration of Web3 applications and provides tools to overcome industry-specific challenges. Its unique Proof of Stake (PoS) protocol enhances flexibility, supporting diverse on-chain governance and economic management. With PlatON-AppChain, enterprises can build reliable, efficient, and professional blockchain infrastructure to drive innovation in the digital economy.

NiftyIN

NiftyIN is PlatON’s trustless Non-fungible Token mint platform, capable of achieving seamless creation, management, and trading of digital assets. Utilizing PlatON’s privacy-preserving computation, it provides tools for GameFi and Non-fungible Token developers, lowering the barrier to entry for Web2 users. NiftyIN supports multiple contracts and art modes, allowing users to easily mint Non-fungible Tokens through a user-friendly interface. The platform integrates payment channels and Wallet compatibility, ensuring flexible and secure transactions, providing end-to-end Non-fungible Token services from minting to market distribution for individual creators and large-scale projects.

Datum

Datum is a Decentralization privacy-protected data network built on the PlatON ecosystem. It provides Web3 data services, including storage, sharing, and privacy-protected computation. Datum integrates secure off-chain data processing through APIs, facilitating Decentralization data sharing without compromising privacy. As part of the three-layer AI network of PlatON, Datum demonstrates the capability of privacy-protected computation, supporting data-driven applications while maintaining confidentiality. This powerful solution enables industries to securely access and manage data in the Web3 space, driving innovation in various fields.

Features of PlatON

The PlatON network combines Decentralization, security, and advanced encryption technology. It aims to support high-performance blockchain applications and privacy-preserving computation. The following are the main features of PlatON, divided into four key areas:

Layer1 Architecture

PlatON’s Layer1 aims to provide strong security, performance, and Smart Contract functionality. Its PoS mechanism based on BFT ensures the fairness of validators through Verifiable Random Function (VRF). Under certain synchronous models, the CBFT protocol improves the efficiency of blockchain Consensus. Validators and LAT holders participate in on-chain governance, and their rights are closely related to the development of the ecosystem. The PPoS economic incentive mechanism also maximizes the interests of participants to ensure long-term rise, allowing contributors to pursue economic benefits while supporting the sustainable development of the network.

Source: platon.network

Smart Contract

PlatON supports Ethereum Virtual Machine (EVM) and WebAssembly (WASM) for Smart Contract execution, enabling developers to write contracts using high-level languages such as Solidity, C++, Rust, and Go. Through this compatibility, PlatON integrates multiple contract types, enhancing functionality and efficiency. Developers can easily migrate from Ethereum, while WASM-based contracts provide higher execution efficiency for complex applications. These features make PlatON an ideal choice for various Decentralization applications, including [DeFi]NFT and (https://www.gate.io/learn/articles/what-are-nfts/4).

Source: devdocs.platon.network

Privacy Protection Computation

PlatON adopts modern encryption technologies such as Zero-Knowledge Proof (ZKP), secure multi-party computation (MPC), and Homomorphic Encryption (HE), providing a new paradigm for privacy-preserving computation. This enables non-interactive proof computation, ensuring data privacy throughout the entire transaction process. Verifiable Computation (VC) Algorithm further enhances scalability by allowing off-chain trust to improve on-chain performance. The combination of privacy and scalability makes PlatON particularly suitable for industries such as healthcare and finance, where the handling of sensitive data is crucial.

Source: platon.network

Open Financial Infrastructure

PlatON aims to promote open financial infrastructure through LAT stake,DApp and decentralized financial services provide a path to financial freedom. PlatON, which supports multi-chain interoperability, allows for cross-chain asset transfers between major chains such as Ethereum, BNB, and Polygon. This flexibility, combined with low gas fees and high transaction throughput, makes PlatON a key player in the evolving digital economy, meeting the needs of applications such as DeFi, GameFi, NFT, etc.

These features emphasize PlatON’s mission to provide a secure, efficient, and open network to support Decentralization applications, Smart Contract, and privacy-preserving computation.

What is the LAT token?

LAT is the native Cryptocurrency of the PlatON network, used for stake, transactions, and governance. Its total supply is 10.25 billion units, of which 5.99 billion are in circulation (as of September 2024).

LAT plays multiple roles in its ecosystem. As a payment and SettlementToken, LAT facilitates online economic activities such as services and asset transactions, as well as token transfers across networks. It also plays a critical role in governance, enabling LAT holders to vote on important decisions regarding network operations, software upgrades, and ecosystem development. This includes voting on system parameters and network proposals that directly impact the future development direction of PlatON.

LAT holders can stake or delegate their Tokens to contribute to network security and performance by providing services such as transaction validation, computation, and data/algorithm sharing. As a reward, stakers are incentivized to participate in the network and receive rewards.

The total supply of LAT Token is fixed at 100 billion. The allocation includes key allocations to the founding team (20%), the LatticeX Foundation (15%), as well as ecosystem funds, research funds, and developer funds, with each fund receiving 10%. A portion is also allocated to private sale, with a total of 12.84% allocated to A, B1, and B2 investors, while the Token Treasury holds 7.15%. 15% reserve ensures the long-term sustainability of the project.

Source: platon.network

LAT is the key to the functionality and growth of the PlatON network through stake, DApp interaction, and the issuance of data Tokens.

Is LAT worth investing in?

LAT has strong potential due to its core role in the PlatON network, which focuses on privacy-preserving computation and scalable blockchain solutions. Its use cases in governance, stake, and promoting Decentralization applications may drive demand as the ecosystem rises. However, the potential drawback is that PlatON operates in a competitive field, with many projects offering similar blockchain and privacy solutions. If PlatON fails to differentiate itself effectively or ensure widespread adoption, the value of LAT may be difficult to significantly rise. Like all investments, risks and returns need to be carefully considered.

How to own LAT?

To own LAT, you can use the services of a centralized Cryptocurrency exchange. First, create a gate account and complete the verification and fund injection. Then, you can follow the steps to purchase LAT.

PlatOn Related News

In July 2024, PlatON announced a strategic partnership with Coins.ph, the largest digital asset platform in the Philippines. This partnership will integrate Coins.ph’s payment gateway into PlatON’s Web3 payment system TOPOS, allowing for seamless exchange between fiat currency and digital money. Users will benefit from favorable exchange rates and low money laundering. Coins.ph has over 16 million users and is fully regulated by the Central Bank of the Philippines. This partnership marks an important step for PlatON in expanding its influence and enhancing the user experience, especially in the rapidly developing Web3 environment.

For more detailed information, please refer to relevant reports.

Relevant References

To get the latest updates of PlatON, you can visit the following website:.

• Official Website
• X
• Telegram
• Discord
• Reddit
• GitHub

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