Lightstreams, a blockchain project that specializes in the private peer-to-peer content distribution of information between groups of people and communities, announced today that the Lightstreams Main Network (mainnet) will be live on March 31st, 2019. Pending a final security audit, the total supply of Photon (PHT) tokens will be allocated in the first genesis block of the Lightsteams blockchain, ready for distribution.
In less than a year, since the first private tokens went on sale, Lightstreams now will have launched an entirely new blockchain network.
The project’s plan was to initially issue ERC20 placeholder tokens on the Ethereum network and then provide a switch later to native tokens once the mainnet was launched. However, late last year, the Lightsteams team abandoned this plan and instead accelerated the launch of their mainnet so that they could issue native PHT tokens that have true utility and will be ready for apps on day one. This also reduces that unnecessary delay of developing, testing and implementing a complex switch mechanism.
The Lightstreams Test Network (testnet) has been up and running since last year, and today it was also announced they have open-sourced the code. As of now, teams can test their applications to see the increase in performance over using alternative blockchains such as Ethereum and EOS, in terms of transaction speed and transaction confirmation times. These improvements in performance along with the Lightstreams’ Smart Vault for private and secure file sharing is what the team “believes will make Lightstreams the standard for decentralized networks.”
Near term plan includes:
- Accessing the Lightstreams Wallet.
- Lightstreams’ Radical Governance with DPoA Consensus.
- Details on how to become a validator and earn block rewards.
[perfectpullquote align=”full” bordertop=”false” cite=”Michael Smolenski, CEO of Lightstreams” link=”” color=”” class=”” size=””]”I am really excited about the upcoming mainnet launch and all that is possible in the year ahead. Including the user adoption, we expect to see for the amazing apps like Fanbase, Lightdrive, and others.”[/perfectpullquote]