What Is PlatON (LAT)?
LAT is the native token of PlatON, which is a decentralized AI Network that is managed by the LatticeX Foundation. Check out the PlatON price chart above to see the current LAT price.
To enable the free movement of digital assets throughout the world, PlatON combines blockchain technology with computation based on cryptography. In essence, it concentrates on offering a trading platform for computing power, algorithm models, and data assets.
PlatON utilizes a variety of modern cryptographic algorithms to enable sharing and trading between demanders and providers. This includes:
- Zero-Knowledge Proof (ZKP)
- Verifiable Computation (VC)
- Homomorphic Encryption (HE)
- Secure Multi-Party Computation (MPC)
- Secret Sharing (SS)
Besides providing users with a computation trading platform, PlatON also allows developers to create decentralized applications (dApps). PlatON incorporates a WASM virtual machine to facilitate more sophisticated programming languages.
PlatON makes use of the Giskard consensus protocol to protect the network. It consists of Giskard Byzantine Fault Tolerance (BFT) and PlatON Proof-of-Stake (PPoS). The latter is a probabilistic Proof-of-Stake consensus mechanism. While the Giskard BFT utilizes a BFT-like algorithm to accomplish block production and verification, the PPoS uses staking, delegation, and random selection to choose the validators to take part in consensus processes.
The Purpose of LAT Tokens
LAT is the driving force behind the PlatON crypto project. Again, if you're wondering about the current LAT price, look at the PlatON price chart above. The main use cases of LAT tokens include:
- LAT tokens are used to cover PlatON network fees.
- LAT tokens can be staked to become a PPoS validator. Though they can also be delegated to someone else in order to make that person a validator.
- LAT tokens are used as a means of payment while settling trades in the PlatON data and computing power market.
- LAT tokens are used to compensate those who provide computing power, algorithms, and data.
- LAT tokens are used to back native tokens of dApps developed on PlatON.
Tokenomics of LAT
There is no max supply set for PlatON tokens. Thus, LAT is inflationary, which means that its value might decrease if the supply exceeds the demand.
Therefore, if you plan to buy PlatON coins, note that the LAT price is liable to change. This happens due to its inflationary nature but also because, similarly to the pricing of other digital assets, the volatility of the overall crypto market has an effect on the PlatON price.
