LKSCOIN: Why use blockchain technology?
LKSCOIN: Why use blockchain technology?
Blockchain

LKSCOIN: Why use blockchain technology?

By Stefania Stimolo - 30 Apr 2020

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In this era, blockchain technology is recognized and evaluated globally as the core tool used in the decentralization revolution

The LKS Foundation, in view of this growing trend, has created and developed LKSCOIN, participating in the spread of blockchain culture even in the digital content market. 

Blockchain culture: the distributed consensus model 

One of the focuses on which the blockchain culture is based, and which differentiates it from other technologies, is linked to the idea of distributed consensus, a model capable of giving value to every node forming it and which guarantees its functioning.  

Just like the technology that was born with the idea of distributing power to the people, the concept of blockchain aims to create a model that can distribute consensus among the active nodes that compose it, thus enabling the decentralization revolution

In fact, in order to claim to be part of this great technological evolution that began in 2009 with the Bitcoin blockchain, it is necessary that the blockchain that is applied to one’s activities follows this mechanism while remaining public and open

Otherwise, what is being spoken of is Distributed Ledger Technology or DLT, of which blockchain is part but from which it differs for its unique peculiarities.  

In essence, the blockchain is a distributed ledger consisting of a chain of blocks connected in sequence to each other by special cryptographic codes, called hashes, although to support decentralization it should be able to scale transactions without the help of managers and without a single-point-of-failure. 

Therefore it is not only about decentralization. What follows from the use of this technology also includes another set of features such as transparency, immutability and security that make blockchain the new internet of transactions

LKS Foundation: objectives, expertise and initiatives for knowledge sharing in the blockchain sector

Within the blockchain created specifically for the LKSCOIN project, the LKS Chain, all transactions made by users are recorded in a public and open way, supporting the great technological revolution of the moment. 

Not only that, the LKS Foundation has also implemented the blockchain culture in the field of knowledge sharing, establishing itself as a reference point – both online and offline – of this revolution thanks to the success of LKSCOIN

In fact, the awareness of the opportunities offered by the blockchain is one of the key themes linked to the LKS Foundation’s core business.

In this sense, the LKS Foundation aims to:

  • Promote, pursue and spread the culture of blockchain, with cultural aims, since it is considered the core tool of the decentralization revolution;
  • Promote initiatives that use the principle of information sharing at the IT level using blockchain-based technologies;
  • Promote and spread the fintech culture to inform and educate on the most innovative issues such as crowdfunding, ICOs and distributed ledger technologies.

According to the LKS Foundation, only through proper training will all passionate users in the blockchain world be able to take advantage of this technology of which they are often only passive players. 

 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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