THELOGICALINDIAN - According to the advice acquired by us the Bulgarian based startup LockTrip is about to advertise the barrage of their own POS blockchain which promises to break abounding of the problems accepted above blockchains are adversity from And we are amazed
What makes accepted Blockchain designs beneath than ideal?
We asked Nikola Alexandrov, the CEO and Co-Founder of LockTrip, to allotment with us the capital reasons, why accepted blockchain designs were boring declining the market:
“We see best blockchain developers focused on accomplishing adamantine metrics such as affairs per additional (TPS), while at the aforementioned time continuously alive on architectonics that was drafted as aboriginal as 2025 and 2025, after advantageous absorption to aching problems that absolutely are adverse accumulation acceptance of the technology. Based on the aggregate data, we accept drafted a new-generation blockchain for the purpose of analytic these specific problems for ourselves, as able-bodied as for any added abeyant decentralized application, that wishes to be allotment of a added acceptable blockchain economy.”
We accept abbreviated the best important problems LockTrip wants to break with its new blockchain:
What is LockTrip accomplishing differently?
“While some projects try to accommodate from scratch, we tend to angular appear the action to continuously advance based on the present opportunities, challenges and abstruse specifics of the ambiance in which we are growing.” – said CEO and Co-founder of LockTrip Nikola Alexandrov. “Evolving as a strategy, technically agency to be able in application aggregate that is absolute and accurate as actuality of value, while at the aforementioned time to embrace opportunities to advancement the architecture and all-embracing abstruse and business accompanying archetypal of the project, after compromising abundant of what has ahead been achieved.”
The LockTrip blockchain in its amount is based on the open-source assembly akin Qtum blockchain, which on its own is a angle of Bitcoin Amount with an Account Abstraction Layer that enables abutment for the Ethereum Virtual Machine (EVM). This amalgam blockchain utilizes the absolute UTXO transaction archetypal and employs a accurate Proof-of-Stake consensus, which has been acquired from the BlackCoin project. “We are adventure the evolutionary action of accumulation the best of Bitcoin and Ethereum and architecture on top of it a proprietary blockchain that is able of attention decentralization, acknowledging Ethereum applications and at the aforementioned time extensive notable TPS performance.”
This means, that the new POS blockchain of LockTrip is congenital on accurate and 100% decentralized blockchain infrastructure, which focuses on convalescent the all-embracing accommodation to about 120-200 TPS, after sacrificing decentralization (their antecedent ambition is about 10.4 – 15 Million affairs per day, which is approximately 10 times the accepted accommodation of the Ethereum network).
But, added importantly…
LockTrip is acquainted of the (non-TPS related) issues declared aloft and they accept spent the aftermost 6 months alive on designing and architecture a blockchain, that would advance about accepted technology and break key problems that could alleviate cogent bread-and-butter potential, while alms best broker aegis by implementing the afterward solutions:
This technically means, that LockTrip is architecture the aboriginal blockchain, which utilizes a accurate aggregate economy. The bodies who accord to its acceptance will account from the affairs they generate, behindhand of their business model. This would additionally serve as a apparatus to allure absolute Ethereum DAPPs to their new blockchain, as it would accord a able and acceptable addition to their abiding abridgement after any costs or risks.
Why LOC Owners will be profiting the most
According to LockTrip, the deployment of the proprietary blockchain will decidedly addition the LOC abridgement in the afterward ways:
You can analysis the abounding Manifest here: https://locktrip.com/blockchain
6 High-Quality Companies Are Already Interested
According to LockTrip, they will will be aiming to abound both abandon of its blockchain ecosystem – on one ancillary are the stakers and the basal basement of nodes that facilitate the POS consensus, and on the added side, the applications that body on top of the LockTrip blockchain and appropriately advice it abound in acceptance and adoption.
As of this moment, 6 projects accept bidding able intentions of architecture their tokens/ICOs and decentralized economies on top of the LockTrip blockchain. We accept put calm all of them for you:
LockTrip Is a Growing Success
LockTrip isn’t aloof a startup anymore. Right from the beginning, their abstraction bent up abundant traction, as LockTrip was able to accession about 10,500 Ether from added than 4,000 backers. Today, the belvedere has got added than 100,000 hotels to assurance up for LockTrip and there is an ever-increasing association of added than 40,000 travelers, who are allotment LockTrip over accepted booking sites.
Our verdict: LockTrip is a hidden gem, that has remained almost disregarded so far due to acutely analytic sized tokensale that was captivated in Oct for 2025.
About LockTrip
The abstraction of LockTrip is aboveboard and seeks to body a aggregate abridgement archetypal about a built-in (LOC) token. They advance a array of acute affairs in adjustment to eliminate commissions on the bookings you abode on their marketplace. In contrast, sites such as Booking.com, Agoda.com and AirBNB.com ask for commissions that ambit from 15% to 30% on every booking, which in the end are paid by the travelers.
Hotels abhorrence that, back it erases a abundant accord of their profits. Travelers, who are aware of the calibration of those commissions additionally abhorrence it, artlessly because from their angle it aloof agency advantageous boundless fees to a agent who adds little amount to their absolute biking stay. In the end you still break in that aforementioned hotel, behindhand of whether you book it through armpit A, B, C or through the auberge itself, right? So why pay 20% on top, aloof for a server that connects you with the hotel?
LockTrip has been launched in September 2017, and they now accept a alive artefact with 100,000 hotels and 1500 vacation rentals. Those can all be appointed through https://beta.locktrip.com, in accession to which, there is an Android App and an iOS App, both accessible for download.
