The blockchain is a digital technology that records and verifies transactions. The blockchain changes the way many industries operate, including the financial markets. It is a key tool behind innovations, especially cryptocurrencies in general, and LCFCoin in particular.
A secure tool that creates cost-efficient business networks, the blockchain's ledger can track and trace anything of value.
The new LCFCoin blockchain is very powerful, being able to process more transactions than credit card providers. It runs every minute, which makes it the choice for merchants because it stores users' KYC documents - setting a new standard in the cryptocurrency industry
Tailored for future-proof mass transactions, the LCFCoin blockchain can perform more transactions than global credit card providers.
LCFCoin’s blockchain consists of each transaction ever performed in LCFCoin. Anonymous transactions are not allowed and the company strictly follows anti-money laundering policies, carrying out KYC procedures in different aspects of its activities.
LCFCoin is the first cryptocurrency to store KYC documents on its blockchain.
The blockchain is based on protocols that authenticate, validate and store information in consistent, unbroken sequences that make the system safer by eliminating any attempts of fraud, duplicity and forgery.
Because of its centralized system, the LCFCoin blockchain does not resemble a public ledger like the blockchain of decentralized cryptocurrencies.
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