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LTO Q2 Roadmap Update

LTO Q2 Roadmap Update



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  1. Some great things coming from the looks of it:

    Multi-curve support:

    >With the 2021 Q2 update, LTO transactions can be signed with ECDSA as an alternative to EdDSA, supporting both secp256k1 and secp256r1.

    Updates to sponsored transactions:

    >The update will come with a new tx data structure that allows an account to co-sign a transaction and pay the fee. The option to separate the party that controls an account from the party that pays the fee is important for the identity platform. It allows a user to create and control a (complex) DID identity, without requiring that user purchase LTO.

    Updates to association transactions:

    >With the update, some of the consensus rules concerning associations are removed. The node will only keep track of active associations. For historic information, the indexer service should be used instead. The new tx data structure for associations will include a field to (optionally) set an expiration date.

    LTO Network is introducing a new transaction type: **claim**.

    Identity (DID) work:

    >The next version of the LTO identity node will support constructing complex DID documents. Unlike other identity solutions, the DID document isn’t stored on-chain. Instead, it’s generated by the indexer based on associations between accounts.

    ​

    Looks like the team got plenty of feedback from their partners/integrators to make certain the blockchain solutions fit well with the current situations/use cases.

    I look forward to seeing the first trust networks pop up in integrators and DeFi.

  2. tldr; LTO Network is working with Sphereon on the LTO identity platform. With the 2021 Q2 update, transactions can be signed with ECDSA as an alternative to EdDSA, supporting both secp256k1 and Secp256r1. The LTO public chain update will come with a new tx data structure that allows an account to co-sign a transaction and pay the fee.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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