Loki is a privacy based decentralized network which creates new private and secure methods of interacting with the internet and aims to provide utmost anonymity while browsing, transacting or communicating online.

Coin Specs

Ticker:	LOKI
Algorithm:	CryptoNight Heavy
Block time:	120 sec
Max supply:	no max supply (like Monero)
Premine:	22.5 mln
Masternode collateral:	atm of writing 29 607

About

Loki is a decentralized blockchain project built with hybird algorithm of PoW and PoS and employed with a layer of Masternodes network to enable new security and privacy features while interacting with the internet. Loki will also enable building of privacy-centric applications on its network such as messaging services, forums, online marketplaces, social media platforms etc. Loki is a fork of monero thus it uses monero’s privacy feature such as ring signature, stealth address and creates a second layer of service nodes for sheer privacy. It was created with the vision to provide a completely anonymous, untraceable, secure and private network for communication as well as trade.

Core Elements of Loki

Ring Signatures:

Loki makes use of the ring signature and creates a ring of multiple signers to obfuscate the true sender and make the output transaction history unclear. This makes it nearly impossible for anyone to trace the transaction back to its source and keeps the sender anonymous. Ring signature has been made mandatory for all transaction by Loki and uses a fixed ring size of ten which means that from the ten possible outputs only one is true.

Stealth Addresses:

Use of stealth addresses adds an additional layer of security by hiding the identity of sender and receiver and the transaction amount. Stealth addresses enables the senders to create random one-time addresses for every transaction on the behalf of recipient. Therefore, all the receipts payment are sent to unique addresses although he/she would have published only one address making it nearly impossible for anyone to link back the transactions to recipient address. By using stealth addresses, only the sender and the receiver and aware of the transaction, making it anonymous for the rest of the world.

Service Nodes:

Masternodes at Loki are referred to as Service nodes which enable most of the network functionality and provide high scalability to its blockchain. It also enables number of unique features such as hosting services, SNApps, lokinet, exit nodes etc. Service nodes provide the Loki network protection against Sybil attacks and enables privacy-centric services. Service node operators are rewarded a portion from block reward for their network support and up-time.

Lokinet:

Loki makes use of the Invisible Internet protocol (I2P) and onion routing protocol (Tor) which allows users to form paths through a distributed network and makes the tracing of the transactions to the origin much more difficult by using multiple nodes to obfuscate the destination. This fully decentralized network formed by using onion routing protocol and I2P is termed as ‘Lokinet’. Loki plans on building many features on Lokinet such as ‘Loki messenger’ (a decentralized end-to-end encrypted private messaging application), SNApps (Service Node Applications feature which will allow users to setup and host applications, social media, websites etc on their own servers maintaining full-server and user-side anonymity) exit nodes etc.

Team

Simon Harman is the project lead at Loki and the team is well-diversified consisting of multiple developers, tech lead, operation lead, marketing lead, technical advisor, community managers, performance engineers, etc. Loki has given its team section a very professionalized outlook with a black and white theme. Although Loki is a privacy and anonymity focused project, the team members have no hidden identities (except one). A valid name and a photo has been provided by almost every team member. The role of every team member and links to their LinkedIn and Github can be found just below their names. Considering all the aspects, it can be said that the team is legit and well experienced with a strong background. (For more info, checkout Loki’s team section here https://loki.network/#team-section)

Premine

LOKI premine is huge, it is  22.5 mln coins. At premine metrics we can find information that it is 15% of total supply. But there is no total supply so why 15%?

22.5 million is currently 15% of the total supply of Loki, however because of the inflationary tail emission scheme that has been built into the emissions curve, this percentage will diminish over time.

Premine report page is made very professional and we can find there a lot of info about premine distribution and presale (59% coins were sold for over $9m USD). This is one of the best examples of how to look like legit.https://loki.network/loki-premine-report

Roadmap

Loki is basically focusing just on developing its mainnet and launching various features to its platform such as Lokinet, SNApps, Loki messenger etc till the 2^nd quarter of 2019. Loki has a short and sweet roadmap which is up to the point, although a bit detailed description about each wouldn’t have hurt. No planned updates, testing schedules or info on any exchange listing in the coming months can be seen on Loki’s roadmap. Seeing the progress so far, Loki really needs to pick up some pace because since quarter 2 of 2018 they have only released mainnet and launched service nodes. The work done so far definitely matches with what they have provided in the roadmap which proves that they might be taking things slowly, but they aren’t making any false promises which is a good thing.

Exchanges

According to how big presale were and how much funds LOKI have (I hope they have it) one exchnage is a joke... Of course LOKI is listed on Cryptopia but we know current status of this exchange.At the moment of writing, you can buy LOKI only at TradeOgre. It is not the biggest exchange on the market so I hope that devs finally can list their project somewhere else.

Masternode

Loki refers to Masternodes as ‘Service Nodes’. To operate (set up) a Service Node, an operator time-locks a significant amount of Loki and provides a minimum level of bandwidth and storage to the network and in exchanges is rewarded with a portion of the block reward from each block. 45% block reward goes to the miner, 50% goes to service node operator and 5% goes towards governance operations. These Service Nodes (set of incentivized nodes) enable Loki’s networking functionality and scalability and provide market-based resistance to Sybil attacks by carefully designing the emission curve and collateral requirement. The staking requirement started at 45,000 during Service Node launch (block height 101250) and keep on changing from time to time and is calculated based on the following equation:Where LSR is the Loki Staking Requirement, max is the maximum value of two formulas, min is the minimum of two formulas, and h is the block height. At the time of writing, the collateral requirement to setup Loki Service Node is 29,607 coins.To know more about Loki Service nodes visit:https://loki-project.github.io/loki-docs/ServiceNodes/StakingRequirement andhttps://loki-project.github.io/loki-docs/ServiceNodes/SNOverview

Useful links

• Website
• Whitepaper
• Explorer
• Discord channel
• Announcement
• Source code
• Stats | MasterNodes.Pro

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