I'll say nothing like this has ever been done in Korea
So we're very proud of the fact that we are the first to even attempt and even better succeed at a difficult challenge in Korea
So blockchain is secure because all the databases are holding the same information
This means that the databases need to communicate with each other to store the same information
traditional PBFT consensus algorithms which majority of these
blockchain products use require a three-step communication process
So we found a way to modify this algorithm by lowering the communication steps from three to two steps which as you can imagine
improves efficiency and performance
So from the very beginning we knew the problems of blockchain
We knew that our only option to drive enterprise adoption
Was a DPOS like structure because that was the most scalable option for us
But we also believe the consensus algorithm, which is the core technology
Which is a very important part of entire blockchain
Network had to be improved. So long story short
We've brought in some great researchers to tackle this problem and LFT2 is the result of it
It took us about three years of trial and error
The first version of LFT frankly was not very good
but LFT 2 is something we obviously are very proud of and
It's something that we are now sharing with the world. The most important part
I guess everyone should be aware of is that LFT 2 has proven to provide performance improvements without
Sacrificing safety and lightness. Safety and lightness are the two most important fundamental aspects of the blockchain.
 
