Overview
Lightstreams is a blockchain network that will enable many new decentralised use cases for dApp Speed and Privacy. Lightstreams technology focuses on privacy, confidentiality and scalability for Decentralised Applications (DApps) that interact in direct, peer-to-peer channels. Lightstreams is built using a modified version of the Ethereum blockchain and retains compatibility with the existing ecosystem of Ethereum developer tools and libraries. Lightstreams uses a permissioned decentralized storage system integrated into a blockchain network which have the following features:
- Uncapped storage capacity
- Zero storage cost for contents
- Vastly improved speed for transaction processing
- Management of data privacy and confidentiality
Lightstreams will have their own blockchain based on the Ethereum protocol which will have its own mainnet separate from Ethereum.
Lightstreams uses the proven technology of IPFS for uncapped, free data storage, Ethereum for smart-contracts and Tendermint for blockchain consensus.
“Lightstreams key differentiator is in solving the problem of blockchain storage through its award-winning Permissioned blocks technology”
Team & Advisors – 8/10
Lightstream’s team consists of 6 core members with extensive experience in software development, development of decentralized applications and blockchain development.
Michael Smolenski, CEO: Ex-Goldman Sachs Software Engineer. Solutions Architect of Westpac Bank’s online payment systems part of a $1.3Bn transformation. Blockchain engineer at MotionWerk and author of OMOS whitepaper. Founded several start-ups and won various blockchain awards including Consensus Blockchain Hackathon 2017.
Lukas Lukac, Blockchain Engineer: Technical Lead and experienced software developer specializing in development of distributed and decentralized applications. Experience includes leading technical development of products at Trivago and full stack developer at TiltBook.
Nick Brown, Business Development: Graduated with a degree in Law from Cambridge University. Nick has 22 years experience in the technology industry specializing in massively scalable, n-tier cloud services and more recently distributed systems via blockchain technologies. Prior to joining Lightstreams he was CTO of MotionWerk whose product is to date one of only a tiny handful of “live” blockchain solutions available via the App Store.
Aleix Suau, Frontend Engineer: Frontend developer specializing in mobile and desktop software development. An advanced AngularJS trainer where he coaches and mentors other software developers with extensive experience at HotelBeds, a tech giant in the travel industry. Aleix is also an experience Graphics Designer bringing valuable User Experience (UX) design thinking to his work. Has founded several startups and is an active AngularJS community. Has a Technology Entrepreneurship from Standford University and describes himself as a UX carer and a believer in details.
Lightstreams advisors include John Bettiol (Head of Organisational solutions, Trivago), Dimitri De Jonghe (Co-founder of Ocean Protocol, Director at BigChain DB) among others.
Roadmap – 8/10
Lightstreams presented its Proof of Concept at Consensus 2017 Hackathon.
May, 2017: Prototype
Q2, 2018: Token sale
Q3, 2018: Authority nodes and launching of network infrastructure
Q4, 2018: Commencement of self-governance where token holders decide policies
Token Metrics – 8/10
Total Hardcap: $20,000,000 USD
Max supply: 300,000,000 PHT
Token sale %: 55%
ICO Price: 1PHT = 0.0006 ETH
Public Sale: TBD (targeted August)
PHT token will be used to pay transaction fees, to pay for digital content, and to participate in the network’s governance system.
Verdict
Positive for short term flip
Neutral for long term hold
Website: https://lightstreams.network/
Whitepaper: https://s3.amazonaws.com/lightstreams/lightstreams_whitepaper.pdf
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