Ethereum-based blockchain protocol that specialises in supporting Decentralised Applications (DApps) that require high speed and privacy for sharing content. The protocol is designed to be an open ecosystem that is version compatible with the main Ethereum protocol such that existing developer tools and libraries can be using with Lightstreams. DApps are a new breed of application that run on a peer-to-peer network in contrast to traditional applications that run on centralised servers. DApps promise to revolutionise almost every industry by removing the reliance on intermediaries to manage interactions between users in a system. In turn, this disruptive technology will unbundle many markets and open the way for new business models that are more efficient, have lower costs and can democratise access to all.
Lightstreams key differential is it solves the problem of blockchain data storage when sharing content between users. Data storage size, speed and privacy are key elements for any DApp to be viable. Current blockchains can only store a limited amount of data and high fees are charged for this service. Lightstreams allows for uncapped data storage with no associated blockchain transaction fees. Current blockchains also have slow transaction speeds which can make the user experience of DApps seem unresponsive in comparison to traditional applications. Lightstreams solves both transaction speeds and data transmission by utilising a fast consensus mechanism and a peer-to-peer file sharing respectively. Finally, current blockchains have next to no privacy. Lightstreams solves this by designing an award-winning file sharing protocol call Permissioned Blocks that bring both privacy and confidentiality to sharing content.
Lightstreams wins Consensys NYC Hackathon award for its demonstration of the permissioned blockchain protocol
Further development on permissioned blockchain protocol. Second milestone reached with the addition of proof-of-authority nodes
Company officially incorporated and registered in Estonia as Lightstreams OÜ. Seed investment round complete
In-house KYC/AML platform developed for the token sale. Alpha test network (testnet) released
First private investment round complete, USD 3.5M raised
Spanish development team opens office in Palma de Mallorca, Spain. Entity officially incorporated as Quantum Labs S.L.
An early version of the Lightstreams command-line interface is launched, providing basic functionality required for all Lightstreams decentralized applications
Setup of operations team focused on administrative and business development in Düsseldorf, Germany
Development of “fanbase”, a decentralized app using Lightstreams technology. Presented “fanbase” concept in China during a blockchain event. Alpha release of the “Leth” node and CLI with decentralized storage capabilities and access-control lists
Account and wallet management functionality added to the “Leth” CLI. Fanbase technical proof of concept is released. Beta test network (testnet) released, including pre-provisioned web nodes for testing purposes
Development of the ERC20 smart contract for the Photon (PHT) token sale is completed by Kyokan LLC. Security audit successfully performed by Hosho Group, Inc