Grams are easy to measure and understand.
there is a total supply of 1 Teragram (1 trillion grams).
the smallest divisible unit is a microgram.
metric prefixes can be used to specify denominations.
To purchase Gram tokens directly from Lantah, please contact us: firstname.lastname@example.org
Customers must pass our KYC/AML process, US citizens only. Minimums and other purchase requirements apply.
settlement in seconds.
The Lantah Network utilizes volunteer validators to operate a Federated Byzantine Fault Tolerant system and maintain network consensus. This particular method was first used by Stellar and described by David Mazières in a 2015 whitepaper.
Because there is no mining, and validators are volunteers, there are nearly-zero transaction fees and ledgers close every few seconds, not minutes. Furthermore, the network can be easily scaled to handle thousands of Tx/s.
Without some kind of nominal barrier or cost, the network's ledger could easily be attacked by bad actors and filled with spam. Imposing a minimum balance on each account and a very small transaction fee, are small enough barriers to remain widely accessible, but large enough to discourage bad behavior.
So it's not quite "free" and the fee can vary, but it's typically 1/100th of a penny or less. Pretty small compared to legacy systems, and one giant leap towards freedom.