How LaChain works

Intro

LaChain uses Geth

LaChain is a blockchain based on Geth, the technology behind Ethereum, which makes it secure, fast, and reliable.

The choice of Geth as the technology for LaChain is based on accompanying the latest trends in the Blockchain industry. In this way, LaChain provides its users with an enhanced experience while also allowing them to benefit from future developments applied to major networks such as Ethereum.

Ethereum Virtual Machine

LaChain is a permissionless public community driven blockchain, it boosts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was introducing smart contracts into the Latam region ecosystem and building tools to promote dApps integration with blockchain.

Because LaChain is EVM-compatible, it will be launched with support for the rich universe of Ethereum tools and DApps. This makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask and many others can be easily configured to work with LaChain. It is just a matter of tweaking a couple of settings.

Tokenomics

Native Token

The native token for LaChain is LaCoin (LAC). The user pays the fees related to the requested transactions using LaCoin. This is not an inflationary token, there is a fixed supply living on LaChain.

Name	LaCoin
Symbol	LAC
Total Supply	10,000,000,000 LAC
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LaCoin can be purchased at:

• Ripio: https://www.ripio.com/

• Ripio Trade: https://trade.ripio.com/market/market-out?pairCode=LACUSDC

• BuenBit: https://buenbit.com/

It will soon be listed on other Exchanges.

GAS Fee Because LaChain works with the London fork activated (EIP1559), each transaction works with the improved GAS fee scheme. This allows network congestion to be managed more efficiently and operations on LaChain to be affordable in terms of costs.