1.2 What Is Lithosphere?
Lithosphere is the next-generation platform for cross-chain decentralized applications powered by AI & Deep Learning. https://lithosphere.network / https://litho.ai Lithosphere is a blockchain platform with the ability to run smart contracts optimized for ultrafast trading with a much higher transaction throughput of more than 1M TPS.
Lithosphere is explicitly designed for interoperable, fast, and non-custodial (decentralized) blockchain trading. It came with a utility token called Litho / LITHO, with a fixed supply of 1 billion LITHO tokens.
Lithosphere was launched is a programmable smart contract blockchain platform. Lithosphere is fully compatible with Ethereum Virtual Machine (EVM), Binance Smart Chain (BSC) and other blockchains that support ECDSA. Developers can migrate their existing EVM or BSC-based applications directly to the Lithosphere platform.
Even though Lithosphere (Litho) runs parallel to other blockchain platforms, it shouldn't be categorized as a side-chain or a Layer-2 scalability solution. Litho is an independent and stand-alone blockchain that can keep running even if the other chains go offline.
Since Litho is multi-chain compatible, developers can steadily port their dApps, but investors can use their best-loved tools like Meta mask to interact with Lithosphere. This native compatibility will help Lithosphere take advantage of the rich blockchain ecosystem that exists today.
Lithosphere uses Proof of Stake (PoS), which helps it achieve ~3-second average block time, making it much faster than Ethereum. With PoS, validators secure the web by staking their LIT coins. Validators also receive transaction fees assembled from every block they validate.
Lithosphere has a multi-chain architecture with cross-chain compatibility to EVM, BSC, and other chains. Users can effortlessly and quickly transfer assets across various blockchains using a supported wallet, like Thanos Wallet, Meta mask or Trust Wallet.
Another cogent aspect of major assets such as BTC, ETH, and others is that they are already on Lithosphere as Pegged Coins (LITHO tokens pegged to external assets). You can effortlessly transfer these pegged coins to Lithosphere and use them in various DApps on the Litho platform. For example, you can transfer Ether from your wallet to buy NFT art on the Binance Smart Chain or any other blockchain using the Lithosphere pegged Ether - ETHL or BTC / BTCL.