Lycan Chain Whitepaper
  • 1. Introduction
    • Overview of LycanChain
    • Vision and Mission
    • Purpose of the Whitepaper
  • 2. Market Opportunity
    • Current State of Blockchain Technology
    • Market Challenges and Opportunities
    • LycanChain’s Market Positioning
  • 3. Technology Overview
    • Architecture
    • Core Components
    • Security Measures
    • Scalability Solutions
  • 4. Consensus Mechanism
    • Introduction to DPOS (Delegated Proof of Stake)
    • Advantages of DPOS over Other Consensus Mechanisms
    • Unique Validator/Delegator Protocol
      • Referral Structure
  • 5. LycanChain Ecosystem
    • Blockchain Land
    • LycanPay
    • Werewolf Exchange
    • Lunar Wallet
  • 6. Tokenomics
    • Token Distribution
    • Token Utility
    • Benefits and Impact
  • 7. Roadmap
    • Detailed Roadmap
    • Milestones and Timelines
    • Future Developments
  • 8. Use Cases
    • Real-World Applications
    • Case Studies
    • Potential Industry Impacts
  • 9. Summary
  • 10. Appendices
    • Glossary of Terms
    • Technical Specifications
    • Appendices
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  1. 10. Appendices

Glossary of Terms

  • Blockchain: A decentralized digital ledger that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.

  • DPOS (Delegated Proof of Stake): A consensus algorithm that enhances transaction speed and network security by allowing stakeholders to vote for a small number of delegates to validate transactions and maintain the blockchain.

  • EVM (Ethereum Virtual Machine): A runtime environment for smart contracts on the Ethereum blockchain, enabling developers to create decentralized applications.

  • dApps (Decentralized Applications): Applications that run on a blockchain network, rather than a centralized server, utilizing smart contracts for functionality.

  • Token Burning: The process of permanently removing a portion of tokens from circulation, usually to reduce supply and increase value.

  • TPS (Transactions Per Second): A measure of how many transactions a blockchain can process in one second.

  • Validator: A participant in a blockchain network responsible for verifying transactions and maintaining the blockchain’s integrity.

  • Delegator: A token holder in a DPOS system who votes for validators by staking tokens.

  • Smart Contracts: Self-executing contracts with the terms of the agreement directly written into code, running on the blockchain.

  • Cross-Chain Bridges: Technologies that enable interoperability between different blockchain networks, allowing assets and data to move seamlessly across chains.

  • Native Ecosystem: The internal environment of a blockchain platform, consisting of native applications, tokens, and services designed to operate within the network.

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Last updated 1 year ago