PlatON NetworkPrice

(LAT)

PlatON is a privacy-preserving blockchain platform dedicated to enhancing data-sharing, fostering AI collaboration, and supporting decentralized finance applications. It aims to build a decentralized and collaborative AI network. This is achieved through the integration of advanced cryptographic technologies, including verifiable computation, secure multi-party computation, and homomorphic encryption, ensuring data privacy while enabling its utility.

The LAT token is the native cryptocurrency of the PlatON network, serving several crucial functions. It is used for staking, allowing users to secure the network by running or delegating to validator nodes and earning rewards. LAT holders also participate in governance, voting on significant network decisions and upgrades. Furthermore, LAT facilitates all online economic activities, service and asset transactions, and is used to pay for transaction fees across the network.

PlatON achieves its privacy goals by utilizing a suite of sophisticated cryptographic algorithms. These include verifiable computation, which allows one party to outsource computation to another without revealing the input data while still verifying the correctness of the result. Secure multi-party computation enables multiple parties to jointly compute a function over their inputs while keeping those inputs private. Zero-knowledge proofs and homomorphic encryption further enhance data privacy, permitting computations on encrypted data without decrypting it, thus preserving confidentiality.

PlatON Network employs a Delegated Proof-of-Stake (PPoS) consensus mechanism. PPoS allows token holders to elect a set of validators who are responsible for creating new blocks and securing the network. This mechanism aims to balance decentralization with efficiency and scalability, enabling faster transaction processing and lower energy consumption compared to traditional Proof-of-Work systems.

No, LAT is not an ERC-20 token. It is the native token of the PlatON blockchain itself. While it functions on its own network, PlatON has developed its own token standard, PRC-20. This PRC-20 standard is designed to be compatible with ERC-20 interfaces, meaning that developers and users familiar with ERC-20 tokens will find a similar interaction model on the PlatON network, despite LAT being native to PlatON's ecosystem.

Users can manage their LAT tokens using various PlatON-compatible Web3 wallets. These include the official ATON wallet, the DeFi Wallet, MetaMask (by adding the PlatON network configuration), and Trust Wallet. These wallets provide secure storage and interfaces for interacting with the PlatON network, allowing users to send, receive, and stake their LAT tokens.