Locus Chain (LOCUS)
Rank #461
Market snapshot
- Price
- $0.00589713
- Market cap
- $32.9M
- 24h volume
- $202,416.65
- Circulating supply
- 5,570,652,130.3506
- Total supply
- 7,000,000,000
- Max supply
- 7,000,000,000
What is Locus Chain?
Locus Chain is a public blockchain that serves various industries, particularly those requiring extensive data processing capabilities. It seeks to become a next-generation blockchain platform by tackling scalability and decentralization issues while ensuring compatibility with other blockchain ecosystems through interoperability.
How Locus Chain works
Locus Chain operates on a fully decentralized peer-to-peer architecture, where nodes are responsible for data storage, transaction processing, and consensus maintenance. Each shard in the network manages specific accounts and transactions, reducing data loads on individual nodes. The network uses a Proof-of-Stake mechanism to select a Byzantine Fault Tolerance (BFT) committee based on stake and contribution, rewarding active node operators. Additionally, the network can automatically split overloaded shards to maintain consistent performance without efficiency drops.
Key information
- Symbol
- LOCUS
- CMC rank
- #461
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- May 20, 2019
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0xc64500dd7b0f1794807e67802f8abbf5f8ffb054
Key characteristics
Locus Chain utilizes a low-energy approach that promotes collaboration and wider participation among users. The network employs cryptographic addresses for account identification, functioning as public keys for transaction issuance. It is categorized under the Ethereum ecosystem and supports interoperability with other blockchain platforms.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Locus Chain?
- Locus Chain is a public blockchain designed for industries such as AI, Smart City, and Gaming, focusing on large-scale data processing.
- How does Locus Chain operate?
- Locus Chain operates on a fully decentralized peer-to-peer architecture, where nodes manage data storage, transaction processing, and consensus.
- What are the technical features of Locus Chain?
- Locus Chain uses cryptographic addresses for account identification and employs a low-energy approach to promote collaboration.
- What are the risks associated with transferring Locus Chain assets?
- Digital asset prices can be volatile, and users should verify contract addresses and custody methods before transferring.
- How can I verify the acquisition of Locus Chain?
- Verify the asset name, network, and contract details before transferring assets.
- Where can I find official resources for Locus Chain?
- Official resources for Locus Chain can be found on their website and technical documentation.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
