PlatON (LAT)

PlatON is a project launched and maintained by the LatticeX Foundation. It is a blockchain-based Internet infrastructure protocol supported by a privacy-preserving network with the intention of utilizing interoperability. The PlatON platform is a public infrastructure developed on open-source architecture for an array of users, including distributed application developers, data providers, and various organizations, communities, and individuals.

PlatON's computing system features verifiable computation, secure multi-party computation, a zero-knowledge proof protocol, homomorphic encryption, and other cryptographic algorithms and blockchain technology.

PlatON has developed several tools for users:

PlatON's wallet is called ATON and it's for the PlatON network. Users of the wallet can send and receive LATs, the native utility token on the network. The wallet can also show past transactions and monitor account balances. It is available for download on Android and iOS devices.

This tool can be used to view metrics for blockchains. Such metrics include live block times and transactions for specific producers. There is also a scrolling bar that shows updates for elected validators.

Validators on PlatON are selected by LAT holders. Interested parties can act as a validator by meeting specific requirements, such as holding at least 100,000 LAT in their staking account. They also need to own a server that has recommended configurations.

PlatON enables LAT holders to delegate their holdings to other validator candidates with the intention of repeatedly earning rewards. This enables holders to participate in the consensus and governance of the network as well as receive rewards.

PlatON's native utility token is called LAT and it is a digital currency. It is used to secure and operate the network. It can be transferred on the network and used for applications that are built on PlatON.

Holders of LAT can also act as validators or delegators to earn more of the currency. LAT can be kept in the aforementioned ATON wallet, Samurai, or Cobo wallet. It can be obtained through a grants program that is operated by the LatticeX Foundation.

The team behind PlatON states that they intend for the network to be used across various fields and industries:

• gaming
• finance
• biomedicine
• smart cities
• artificial intelligence