As LTO Network Masternode we help to secure transactions on the Blockchain. Transactions are signed and their hashes are stored decentralized in order to prove it’s legitimacy.
We’re hosted at our own datacenter running on non-overbooked resources.
Our VPS is running Ubuntu with a custom debian package instead of Docker.
LTO Network is a company from the Netherlands which makes it their business to improve accountancy processes with Blockchain Technology. The company was founded in 2016 and made more than $1.000.000 profit already in 2018.
With blockchain technology they can process administrative tasks more efficiently then their clients could before. This is how they create value.
LTO Network uses blockchain technology for accountancy purposes for large companies. Legal documents are stored digitally. From this files unique cryptographic hash-keys are generated and stored decentralized on the blockchain. This way, LTO Network customers can prove that the digitally stored documents are 100% genuine.
The value of using blockchain lies in the principle that you can store data in a decentralized network permanent and unmutable.
This way clients can prove data is unmodified since it was stored, which is very important in accountancy. Storing data in a decentralized blockchain is very cost effective and this data is always accessible & transparant.
Masternodes on the LTO Network mine block’s on the blockchain. Hash-keys which are generated by special designed software can be uploaded to a block on the blockchain. A block may contain transactions from several clients at the same time. For processing blocks and network transactions, masternodes receive fee’s.