What is Lesschain?
The project of Lesschain aims to provide an extensible and flexible blockchain that supports digital asset transactions, data access, and process control through a hierarchical structure. It creates a framework to allow users to execute smart contracts in an efficient manner. Besides, it provides an architecture for development that uses the underlying infrastructure to generate sub-blockchains quickly and easily. It is a blockchain platform that provides the necessary components for the erection of sub-blockchains, and provides solutions for the testing of new ideas, the deployment of private chains, the processing of complex tasks, and the application of smart contracts.
Since the introduction of blockchain technology in 2008 by Nakamoto Satoshi’s Bitcoin project, the technology has been developing rapidly. In the past decade, developers have explored this new field of blockchain technology with great enthusiasm, trying to expand the application of blockchain, increase the efficiency of blockchain and promote the commercialization of blockchain.
The native digital currency in the blockchain system plays a crucial role in blockchain promotion, such as bitcoin in the bitcoin system, Ether in the Ethereum system, and so on. These native digital currencies not only promote more participants to enter the blockchain ecosystem but also provide more effective solutions for the existing payment systems.
It is certain that the current blockchain technology is still in the early stages of development. The existing blockchain system has one or more of the following problems