Lat crypto
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Ownership of cryptocurrency units can be proved exclusively cryptographically. The system allows transactions to be performed in which ownership of the cryptographic units is changed. A transaction statement can only be issued by an entity proving the current ownership of these units. If two different instructions for changing the ownership of the same cryptographic units are simultaneously entered, the system performs at most one of them.
In March , the word cryptocurrency was added to the Merriam-Webster Dictionary. Lachain is the multichain platform with a cross-chain messaging protocol, on-chain validation of bridge transactions, and smart contracts engine. Lachain labs delivered the first-ever solution for noncustodial multichain asset management from a single chain - multichain yield market.
The platform made it as easy to transfer crypto between yield protocols on different chains as between bank savings and deposit accounts. Before Lachain It required dozens of transactions to re-stake an asset to another chain including the purchase of a gas token on a centralised exchange. With Lachain investors need to sign one transaction and everything else is done by a smart contract empowered by Lachian messaging and bridges with on-chain validation. This makes it easy to farm yield across chains for retail investors or launch a decentralised fund.
The funds may have a simple index strategy or algorithm encoded in a smart contract or a DAO to approve and sign manual investment decisions. This may result in an expansion of non-custodial accounts directly managed by asset owners and decentralised funds as an alternative to centralised asset managers.
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