Laos Network (LAOS)

Laos Network is a fully open Layer 1 blockchain, decentralized via usage of its own native utility token, and deployed as a parachain within Polkadot.

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Medium

Updated: Jun 28, 2024

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LAOS

FoundedSwitzerland

Registration countrySwitzerland

Registration year2023

Office addressVorderbergstrasse, 26, 6318 Walchwil(Zug), Switzerland

What is Laos Network

Laos is the first Layer 1 blockchain that connects with Ethereum, Polygon, their Layer 2s, and any other EVM-compatible chains, without bridges.

Laos has the potential to become the protocol used by major blockchains to offload more than 20% of all their transactions. Among other features, it allows the creation and evolution of millions of assets on these chains without paying gas fees with the native token of those chains or congesting them.

Tokens created with Laos enhance Layer-2 solutions by remaining on the original chain, without requiring users to acquire other cryptocurrencies or rely on insecure bridges. Laos also offers the possibility of dynamic asset evolution, allowing them to adapt and change according to the application's needs.