NEW YORK, Nov. 18, 2019 /PRNewswire/ -- L3COS, a three-level blockchain for governments, businesses, and individuals, will be officially presented at the World Economic Forum (WEF) Annual Meeting 2020 in Davos-Klosters, Switzerland.
L3COS is a blockchain with three separate consensus algorithms, each providing individual functionality for governments, businesses, and individuals. It allows automating processes while preserving discrete digital identity, as well as establishes conditional governance.
The L3COS blockchain consists of three levels: the top level operates as Proof of Government (PoGvt), providing each government with a super-node, and each government has control over two other levels, including token issuing processes.
The middle level is based on the Delegated Proof of Stake consensus algorithm, where businesses perform operations. Finally, this is the level based on the Proof of Storage (PoST) consensus for individuals that can rent their storage to the rest of the system, with control over data usage.
About the World Economic Forum
The World Economic Forum (WEF) brings together the world's industry leaders from politics, culture, business, and society domains to discuss ambitious initiatives that shape the future of global industries in various verticals.
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