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README.md

LAPO Core Stable repository

Build Status GitHub version

LAPO (LAX) is the native token of the LAPO Network Protocol, all the transactions running on the network are expressed in LAX and the cost of the transaction is paid directly in LAX. The services offered in the LAPO ecosystem (ePlatform and eFinance) have a cost expressed in LAX and might require a locked minimal amount of LAX in order to work.

2 TIER BLOCKCHAIN MODEL

The classic Bitcoin approach is essentially a way to synchronize a distributed system through common transaction logs. It requires that each network node store the full copy of the transaction history. Obviously, this does not scale well, since eventually not every node will be able to store the full history.

LAPO Network Protocol works in a “2 Tier” Model where each tier has a specific function

The First Tier is used by the miner to secure the Blockchain using Lyra2zz Proof-of-Work algorithm until the Q2 2019. After that date the First Tier will work only on Proof-of-Stake mode inherited from PIVX.

The Second Tier is the “Masternode” level: Masternodes are used to process the transactions and the Blockchain. This approach produces the best performance possible using a robust and highly serviceable network in the most critical part of the Blockchain. The Masternode process all the Proof-of-Service algorithm.

MASTERNODE

Unlike Bitcoin's single-tier network, where all jobs on the network are performed by miners, LAPO Network Protocol utilizes a two-tier network. Certain network functions, such as creating new blocks, are handled by the miners. The second tier of the network consists of "Masternodes" which perform more critical tasks like: Lightning Payment Confirmation and governance functions. Masternodes require 1’000’000 LAX as collateral to prevent sybil attacks. That collateral can be spent or removed at any time, but doing so removes the associated Masternode from the network.

For running a Masternode we recommend: 2GB of RAM, 2GHZ of Processor, 40GB of HD, Ubuntu 18.04 and a dedicated IP.

More information at lapo.io

Coin Specs

AlgoLyra2z
Block Time30 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply (PoW Phase)12'628'000'000 LAX
Max Coin Supply (PoS Phase)87'372'000'000 LAX
Premine10'000'000'000 LAX

Reward Distribution

Genesis Block
Block HeightReward AmountNotes
110'000'000'000 LAX

PoW Rewards Breakdown

Block HeightMasternodesMinerBudget
2-105120030% (750 LAX)60% (1'500 LAX)10% (250 LAX)

PoS Rewards Breakdown

PhaseBlock HeightRewardMasternodes & StakersBudget
Phase 11051201-4204800 2'500 LAX90% (2250 LAX)10% (250 LAX)
Phase 24204801-73584002'000 LAX90% (1800 LAX)10% (200 LAX)
Phase 37358401-105120001'800 LAX90% (1620 LAX)10% (180 LAX)
Phase 410512001-157680001'600 LAX90% (1440 LAX)10% (160 LAX)
Phase 515768001-262800001'400 LAX90% (1260 LAX)10% (140 LAX)
Phase 626280001-367920001'200 LAX90% (1080 LAX)10% (120 LAX)
Phase 736792001-473040001'000 LAX90% (900 LAX)10% (100 LAX)
Phase 847304001-63072000750 LAX90% (675 LAX)10% (75 LAX)
Phase 963072001-84096000350 LAX90% (315 LAX)10% (35 LAX)
Phase X84096001-InfiniteHALVING90%10%
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