MISSION

Light Network (LID) is committed to taking a pioneering role in ensuring the accessibility of blockchain services and value using fiat currency, as well as making fiat-based services and value accessible through cryptocurrency. Our primary objective is to propel the adoption of blockchain technology by effectively bridging the gap between cryptocurrency and traditional fiat currency. Within the scope of this overarching mission, we have outlined four key goals

Decentralization

Decentralization stands as a foundational principle within blockchain-based cryptocurrencies, presenting a significant advantage in eliminating inefficient, arbitrary, and proprietary procedures for establishing and maintaining trust.

In the context of the Lightnetwork payment network decentralization plays a crucial role in providing access to a diverse range of assets that can be liquidated without the need for costly and time-consuming trust procedures. This inclusivity encompasses various cryptocurrencies, tokens, credit payments, credit service provider points, digital assets in different forms, and fiat currencies. The decentralization aspect serves to bring users and merchants into closer collaboration, effectively reducing transaction costs.

The product architecture of Lightnetwork comprises five decentralized layers: the access layer, the solution layer, the product layer, the core layer, and the blockchain network layer. Each of these layers is governed by an open payment consensus protocol, ensuring alignment with decentralized applications. This consensus protocol is adaptable to major public chains and seamlessly integrates layer 2 networks like the Lightning Network, addressing the need for real-time transactions while mitigating risks associated with price fluctuations.

Security

Lightnetwork is strategically constructing a certainty-driven ecosystem, underpinned by a robust credit scoring architecture. In the realm of decentralized blockchains, the notion of a "trustless system" has emerged. This term contrasts with the many financial frameworks in the fiat world that rely on a certain level of faith or probability, as opposed to the absolute guarantees that blockchain-based arrangements can establish, even in transactions involving perfect strangers.

While blockchains introduce an unparalleled level of transparency to transactions, they do not entirely eliminate the necessity for trust-based protocols. Even within the blockchain context, there are scenarios where straightforward arrangements can benefit from trust-based tools like credit scores. In certain circumstances, the absolute transparency of blockchain transactions provides blockchain-based credit scores with a distinctive predictive advantage. Lightnetwork is well-positioned to leverage this advantage for client enterprises with specific risk-mitigation requirements, ensuring a comprehensive and reliable approach to credit assessment.

Sustainability

Lightnetwork's ecosystem champions sustainable evolution through the fundamental principle of consensus. In the context of blockchain and decentralized systems, consensus mechanisms are not only catalysts for growth but are integral to the enduring sustainability of ecosystems. The critical aspect lies in understanding how consensus and governance mechanisms foster innovation.

Ecosystems that embed robust consensus mechanisms inherently and unavoidably undergo evolution. The distinctive feature is the role played by consensus and governance mechanisms in stimulating innovation. Drawing on the extensive experience of the Lightnetwork team in developing electronic payment systems, it becomes evident that empowering innovators who are intimately connected to the market, coupled with effective incentive structures, is pivotal in fostering sustainable and progressive evolution within the ecosystem.

Low Cost & High Efficiency

Lightnetwork attains its objectives by leveraging a decentralized operational support infrastructure. This infrastructure plays a pivotal role in managing various operational tasks, encompassing merchant onboarding, merchant IT support integration, merchant customization, dispute resolution, clearing and settlements, customer service, risk management, anti-fraud measures, and more.

Across this spectrum of operational functions, there exist substantial prospects for scalable efficiency through the implementation of smart contracts within Lightnetwork's decentralized operational support infrastructure. The application of smart contracts contributes to streamlined and automated processes, enhancing efficiency and effectiveness in managing diverse operational aspects within the Lightnetwork ecosystem.