Loki provides users with tools to interact online in an anonymous, decentralised, secure and private way. By combining a private transaction network, the $LOKI cryptocurrency, economically incentivised Service Nodes, Loki is able to create a trustless quorum based mixnet called Lokinet. Built into Lokinet is Loki Messenger – a decentralised, anonymous and private messaging service. Front end applications, known as Service Node Apps (SNApps) operate on Lokinet, and will allow browser integration and contribution from our open-source community.
Like Monero, there is no total token supply. The current supply can be seen at lokiblocks.com.
The Service Nodes form a second layer network that allows for anonymous networking using a novel garlic routing technology. Service Nodes will route data being passed through our generalised mixnet, called Lokinet. SNApps are the front-end user-facing applications enabled by this network of Nodes. SNApps do not run on the blockchain, but rely on the consensus rules of the blockchain to enforce Service Node behaviors. This also means that SNApps do not impact blockchain scalabilty. Service Nodes don’t mine blocks but do propagate and validate blocks like regular full nodes.
When accessing a SNApp your data is obfuscated by being routed through multiple Service Nodes. The SNApp you are accessing however is hosted on servers, similar to hidden services in Tor and are computed client-side.
Loki Messenger will be a decentralised, end-to-end encrypted private messaging service. There are already applications that provide a platform for users to send messages without revealing their contents, however they rely on centralised servers that governments or third parties can target. By leveraging the power of public-private key cryptography and the Service Node architecture on the Loki network, we can create a service similar to Signal, a secure messaging application with the added benefit of decentralisation and network anonymity.
Aside from some minor changes in approach to the core currency, we implement a Service Node network that performs a variety of functions, including an anonymous networking layer, trustless quorum-based instant transactions through a system called “Blink“, and a range of functions that leverage the networking layer to do things like secure private messaging.
Loki provides both private transaction and private communication functionality, so the use case presents itself to users who want the highest level of privacy in their communication channels. As more SNApps are developed we imagine Loki will present it self as the network to run privacy-centric applications on top of.
It is not an ERC20 token. Loki is its own coin running its own mainnet. See lokiblocks.com
The initial requirement is 45K $LOKI, though this will adjust downward over time. Pools are also allowed up to 4 people. For more Information on the collateral requirement click here.
Check out the collateral calculator here for the current requirement. You can either run a single node or join a pooled node. For a single node, you will need the full collateral. For a pooled node, the operator and all but one of the 4 contributors must have at least 25% of the required total collateral.