LTO Network was released in September 2018. Initially named Legal Things One Network, it was later shortened to LTO Network.
LTO Network was developed to enable simple legal transactions on the blockchain. Legal and commercial transactions that are still being conducted on paper in many aspects, especially in the digital age, are burdensome.
The aim of the LTO Network is to provide a digital distributed ledger recording system serving the business and requirements related to legally binding contracts. The blockchain network built for this purpose provides a decentralized workflow and is recorded on a public blockchain.

LTO Network uses a consensus called Least Proof of Work to achieve consensus in its operation. This consensus system keeps even those with fewer tokens involved in the system.
LTO Network has published two different White Papers, economic and technical. LTO Network tokens are distributed on two separate chains: ERC-20 on Ethereum and LTO main net tokens.
Private investors purchase main net tokens that are not traded on exchanges, while the LTOs traded on exchanges are ERC20 tokens. (The tokens you purchase on Bitlo are based on ERC-20.)
Those who preferred to switch to the Ethereum ERC-20 token had to pay a fee for this process. Exchanges that allow LTO trading will soon list special network LTO coins on their markets.

LTO Network facilitates the digital transfer of legal operations in the legal field, eliminating the burden of work and paperwork.
By sharing all legal decisions on a decentralized system publicly, it ensures that the decisions made are transparent and reliable.
Furthermore, LTO has proven its practical use and not remained theoretical by providing its promised features and solutions to many existing firms.

LTO Network is a type of cryptocurrency where mining is not done. The entire amount of LTO Network is produced by the company.

Since LTO Network's blockchain structure is based on POS, it allows you to earn LTO without inflation. For this, you need to set up your own LTO Network nodes and become a Validator or join a Validator. The money you earn will increase in direct proportion to the amount of LTO you have allocated and the number of transactions occurring on the system. You can also see the details by looking at our What is Staking? article.

In Turkey, contrary to common belief, buying LTO Network with Turkish Lira is an easy and quick process. You can purchase LTO Network without needing any technical knowledge or official documents.