The LNG Public Chain is a new asset interaction protocol. Heterogeneous assets (native cryptocurrencies, digital assets) in various forms operating on the LNG blockchain can be registered, exchanged, and interacted with in more complex ways based on contracts through the LNG protocol.
The LNG Public Chain adopts a three-layer architecture: Application Layer, Contract Layer, and Data Layer. The Application Layer is user-friendly for multiple terminals including mobile devices, making it convenient for developers to create asset management applications. The Contract Layer uses Genesis Contracts and Control Contracts for the issuance and management of assets, supporting an extended UTXO model called BUTXO at the base layer. It optimizes the virtual machine by adopting a self-introspection mechanism to prevent deadlock states in Turing completeness. The Data Layer utilizes distributed ledger technology to realize operations such as asset issuance, spending, and exchange. The consensus mechanism employs a POW algorithm that is ASIC AI chip-friendly, introducing matrix and convolution calculations in the hashing process. This allows mining machines to be repurposed for AI hardware acceleration services when idle or retired, generating additional social benefits.