What is Lokinet?
By Jofor a.k.a. Cyberczar - 2019-06-15
The need for privacy is an ever increasing one. This is the reason why many platforms have been set up to fill this desire since the advent of Bitcoin. Bitcoin promised privacy but in reality, blockchain analysis can effectively track Bitcoin transactions making it rather too transparent and impinging on privacy of users.
The main challenge was that Bitcoin, contrary to expectations of many users did not fulfill the expectations of anonymity thereby giving rise to privacy focused networks such as Monero, which could be described as the most successful privacy network. Loki which was built on the Monero code seeks to improve on that accomplishment by correcting the drawbacks seen in Monero such as high disk space requirements.
The Loki network recognizes this inherent drawback in that it becomes costly to run nodes when the size of such network grows, necessitating the need for a more cost effective and yet secure privacy network. The Loki network accomplishes this through the node reward scheme also known as service node system.
This enables the anonymous transfer, transmission and receipt of data from one user to another. This originates from the network using the same Monero codes from which it derives features such as ring signatures, stealth addresses and RingCT.
The Lokinet Overview
The Loki network makes use of the low latency onion routing protocol. This is according to a blog post made by the team to highlight the decentralized effect of the system which permits users to maintain a high degree of anonymity on the privacy-focused network.
The process of obfuscation in the onion routing involves forming different channels in the distribution network to obscure the origin and termination points of data.
The strength of the network is being blockchain based and fully independent of trusted parties. Users can take advantage of individual service nodes to get their transactions routed independently.
SNApps are the internal services hosted by the network while another occluding feature, the Service Nodes Exit functionality enables users’ IP addresses to be concealed.
We are all aware that utility is of great import because it gives the decentralized network an inherent value. In reality, the reason the SEC has combated some tokens as securities stemmed from the fact that they’re not backed by utility.
The Lokinet is presently in the Alpha with the network encouraging more users to get involved since their involvement would help the team to discovers areas where improvements are needed and possible needs for bug fixes.
Just Like Tor But More…
The Loki software could be run on any operating system with simple installation procedure. The lokinet SNApps are the drivers of the network in similar way the Tor services which are hidden.
The SNApps provide users with an unparalleled anonymity that could enable anonymous interaction even with externally hosted services. In essence, users could set up and interact with websites and apps in a manner that cannot be traced back to them.
The Future of Anonymous Interaction?
The strength of the Lokinet is the ability to maintain full server and user side anonymity while accomplishing what needs to be done. Setting up connection through channels in which there is interaction without parties knowing the location of one another makes the Lokinet one of the stars of the future anonymous hosting platforms.
The Lokinet LLARP is proposed was designed to be a hybrid between Tor and I2P with emphasis on adding additional layer on network anonymity. It is the concept behind the routing protocol of the Service Nodes. Its packet switch routing system has an advantage over tunnel routing in terms of security. This makes the Lokinet resistant to Sybil attacks.
For more details visit:
Our LOKI review: https://mastersofnodes.com/loki-review