Lattice ICO and Token Sale Review
Cryptography might be a new concept, but encryption is not. The encryption technology is used heavily to protect the data that are being transferred through Bluetooth. Encryption is used in the electronic currency transaction so that the information can be transferred safely without getting hacked. Due to the encryption technology, the data cannot tamper as well. Encryption currency runs on blockchain technology that is the next generation technology and is hard to crack.
Though it is a known fact that encrypted messages are almost impossible to decipher, to be on a safer side the project has incorporated lattice cypher into the blockchain technology to make it all the more secure and safe. In order to decode a lattice cypher, one needs to calculate on a high speed with the exact shape of the actual grid, so if one is not aware of the original grid’s shape, then it takes a pretty long time to decrypt the whole thing making the lattice cypher a considerably safe one. The vectors’ number is 800 and in the future, the number of dimensions is going to increase to make sure that the cryptography is safe and unhackable.
About Lattice Project
Lattice project is hell bent to design a blockchain that is unbreakable even by the quantum computers. Moreover, they are also looking into another major hindrance of the current blockchain and that is the remittance speed. When there is congestion, the remittance comes to a halt. At present, the cryptocurrency cannot be smoothly operated like a credit card that handles 5000 transactions each second, but with some tweaks in the technology, the process can get boosted up.
While transacting through credit cards, there is a place where the records of the payment can be hacked by the hackers and the whole security, economics and life of the user will be in danger. So, Lattice is trying to come up with a blockchain that can’t be broken by quantum computers. The lattice has not stopped at just that, as a matter of fact, they are going a step ahead with their development and using the quantum computer to speed up the settlement system.
Now with the easy access Wi-Fi available all around, the smartphone holders are vulnerable to data theft. In order to protect data, Lattice is using Ring-LWE formulation to increase the processing speed and decrease the chances of data theft.
- Start Date2018-04-24
- End Date2018-06-30
- Payment MethodETH
- Total Supply800000000
- SectorArtificial IntelligenceCryptocurrencySoftware