What Blockchain do The LODE Tokens and AGX/AUX Coins Use?
The LODE Project uses the Hyperledger Fabric blockchain as the main ledger for LODE Tokens, AGX and AUX Tokens. As a secondary permissionless blockchain, the LODE System uses the Syscoin network. In the near future, the LODE System will expand into other public blockchain networks that will increase interoperability for community members.
What is Hyperledger?
Hyperledger Fabric is an open-source project supported strongly by industry veterans such as IBM. Hyperledger Fabric differs from a public blockchain network in one significant way: permissions.
Hyperledger Fabric offers the ability to restrict both read and write permissions, allowing enterprises to comply with security and privacy obligations. Further, smart contract upgrades are supported by Fabric. This feature permits enterprises to do things like improving security, correcting errors, adding features and responding to changing regulatory requirements.
The LODE Hyperledger Fabric is a ledger of account that records all transactions and utilization of LODE Tokens.
What is Syscoin?
Founded in 2014, the Syscoin Platform is the world’s first tested blockchain scalability platform, providing over 140K Transactions Per Second (“TPS”). Syscoin is a powerful multi-purpose blockchain platform that puts businesses on the blockchain. LODE Association partners, Blockchain Foundry Inc., are currently in charge of developing the core protocol for the Syscoin platform and the company was originally founded by the co-founders of Syscoin.
What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a software program that stores private and public keys, and which interacts with various blockchains to enable users to send and receive digital currency and monitor their balances.
The LODE Project currently offers two types of non-custodial wallets, the LODEPay Mobile Wallet and the LODE Desktop Wallet.
What Options do I Have for Cryptocurrency Wallets?
All wallets have their place in the cryptocurrency wallet ecosystem, depending on what community members need to use them for.
AGX and AUX Coins on the Syscoin blockchain can be easily sent wallet to wallet.
LODEPay Mobile Wallet
The LODEpay Wallet is an innovative mobile wallet made specifically for the LODE Community. It enables users to store, send and spend AGX and AUX Tokens seamlessly. It requires a lot less storage on users’ devices and provides a simple mechanism for remembering users’ private keys and addresses. The LODEpay Wallet is one of a kind in that it combines aspects of both public and private blockchains.
The mobile LODEpay wallet is intended to offer a simpler user experience, to enable transactability, and to allow users to carry their balances in their pockets.
What is a Payment Gateway?
A payment gateway is a Merchant service provided by an e-commerce application service provider that authorizes digital payment, credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses.
Where Can I See My Tokens?
LODE Tokens, AGX and AUX Coins can be seen in the LODEpay Mobile Wallet. Those balances represent the safely stored LODE Tokens in the Hyperledger and your AGX and AUX Coins balances.
When you download your Wallet App LODEpay, and link it to your LODE Account, you can also see your LODE Tokens there.
How Can I Exchange AGX and AUX Coins?
Exchangeability and Liquidity for the LODE Community is still a primary goal, meaning that liquidity will be provided through other LODE Community focused means such as: Peer-to-Peer trading, card programs and conversion to silver.
Exchangeability for both coins is in constant development and with the launching of AGX and AUX in the hotbit.io exchange, LODE is now ready to explore other exchanges.
You can also use your VIRTUAL Debit card (US Residents Only) to convert to FIAT and use it for online transactions.
How Do I Get a Hardware Wallet?
Efforts are being made for a contributor to be able to purchase and use selected hardware wallets in order to store LODE Tokens and/or AGX AUX Coins. More information will be communicated onwww.lode.oneand on the community Telegramchannel.