The LITRA Project

Litra Project Objectives

The Litra (Legally Identified TRAnsaction) project has the following objectives:

  • Allow a person to prove anything to a third party, in an irrefutable and immutable manner. Automated certification is also allowed, in which, for example, a company certifies on a particular blockchain the GPS position of its fleet of vehicles in real time.
  • Offer its network so that banks and payment systems can create digital cryptoassets that comply with current regulations and guarantee security.

The Litra Project demonstrates that it can carry out the above objectives with the following actions:

  • Offer your transactional blockchain to be used for free, without transaction fees.
  • Launch a token called “litra”, which can be used for the services offered by the project, such as secure transactions through smart contracts stored on our network.
  • Offer the certification service to people for free at the launch of the project.

A company is created, which is responsible for the project, and follows an open company philosophy, influenced by the crypto community, large companies and the users themselves. The company pays 100% of the annual profit distribution to the users collaborating with the project.

 

 

Download the explanatory document of the project (whitepaper)

Download summary whitepaper

Document that allows a quick reading

Download the full whitepaper

Fully explains the Litra Project

Download the A.L.1 whitepaper

Explanatory document of Protocol A.L.1

An example of a commission-free transaction system

The best way to demonstrate something is by example, which is why a decentralized cryptocurrency called litra is created, based on the A.L.1 Protocol, this allows us to obtain an exchange system, through blockchain technology, the which is faster, cheaper and more efficient, and which complies with current regulations.

The resulting exchange system is multi-device and multi-platform, has immediate confirmation of transactions with triple verification, and other innovative features, we invite you to discover them by clicking on the following link below.

Example of secure transactions using smart contracts

There is no more deception thanks to the option of secure transfers, which are modeled using a smart contract, where origin, destination and a trusted third party intervene, who intervenes in the event of a dispute.

There are specific smart contracts for:

  • Transfers of cripto.
  • Purchase or sale of objects or services on web pages that put the buyer and the seller in contact.
  • Purchase or sale of objects or services offered directly by the company that offers them.
  • Purchase or sale of objects or services between individuals.

Digital notary

The service called digital notary allows you to demonstrate anything that can be digitized before a third party. A photo, a video, a text, a voice recording, compressed files, etc.

You can encrypt the content so that only the people you want can see it, or leave it unencrypted to make something public.

Real decentralization – Everyone’s company

The possible distribution of profits that the company makes annually will go to pay the collaborators of the project, who are all the holders of litras, because they keep a backup copy of part of the blockchain.

The A.L.1 Protocol as layer 0

Security is guaranteed since the heart of Litra is the A.L.1 Protocol.