Key AspectsA Hybrid Architecture
Security of Blockchain & Scalability of DAG
A new level of scalability for smart contract execution and transactions per second enabled by the DAG
Instantly confirmed transactions for faster and more efficient applications
Combined with the Matrix Chain, The PoCB ensures economic finality resulting in higher security from double spending and Sybil attacks
The topological ordering of the DAG allows participant nodes to process transactions concurrently at arbitrarily high rates without the global knowledge of the system. It provides instant confirmation and a further expansion of scalability limits.
The Coin Object is an asset-based UTXO in which unlike traditional blockchains, transactions are stored as a history of previous owners in the asset.
The State Matrix (StM) is a snapshot of the transactions in the DAG that aggregates account, asset and transaction history of a specific period. It allows the DAG to be non-continuous and provide a global view of the network while supporting smart contracts.
The Matrix Chain (MC) is a canonical chain with permanently attached State Matrices. It is the main layer of the LNX platform and complements the DAG structure by providing higher security through an overlay mechanism and network irreversibility.
Proof of Checks and Balances (PoCB) PoCB
In the Proof of Checks and Balances, two parties known as Miners and Validators govern its consensus. Miners are responsible for aggregating and minting confirmed transactions in the DAG which in turn is validated by Validators through a token staking system. The whole process takes place in different State Matrices height providing a counterbalance of power between different nodes, roles and time periods, and ensuring a higher level of equality among all participants.
Increased usability with
real-world assets tokenization
Smart contract creation
provided by a hybrid UTXO
and account model
comparatively low fees
Implementation of LNX's
DAG and StM into pre-