LITEX price is $0.00002396
LITEX (LXT) is currently priced at $ 0.00002396. Over the past 24-hours, it has increased by +0.00%.
LITEX is a fully decentralized crypto asset payment framework. Utilizing the business scheme of Epro's star product, "Non-bank card payment" in addition to the BOLT protocol, LITEX created the LITEX Network (LTXN). This innovative network allows buyers to pay merchants and consumers with fiat currency, later reimbursing the amount in cryptocurrency. Guarded by smart contracts, this procedure does not necessitate the involvement of a centralized operation establishment.
One remarkable feature of LITEX is its architecture which operates on two levels; an upper layer that pairs payment requests from consumers and purchasers' buying requests, determined by the decision network. And the lower layer creates a secure and efficient payment channel through the Lightning Network that transfers the cryptocurrency and allows the merchant to settle the legal currency payment from the consumer through the acquirer. The upper-level decision-making network not only improves network efficiency but also prevents centralization tendency of the lightning network by employing incentives and other strategies.
LITEX performs as a decentralized payment ecosystem. It functions on a two-level structure. At the top tier is the decision-making network, which pairs customers' payment requests with buyers’ purchasing bids. The specialized bottom layer uses the Lightning Network to create a secure, efficient channel to move cryptocurrencies and enables the merchants to finalize the consumer's fiat currency payment through the acquirer.
The circulating supply of LITEX (LXT) is 1.4B.
Though specifics about the individuals or team behind LITEX have not been publicly disclosed, it is known that it was built based on Epro's business model, indicating a solid foundation in existing established technology.
You can purchase LITEX (LXT) on the following crypto exchanges: Huobi, AEX, Huobi.pro. Remember that it is essential to conduct thorough research and use secure methods while dealing with cryptocurrency transactions.
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