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The Blockchain

Every Unyfy platform runs on the LT Mainnet. The blockchain reliably tracks all token balances and transactions, as well as NFT ownership and manages the token distribution within the platform.

The Technology​

The blockchain used is a Proof of Authority (POA) sidechain of Ethereum. When we started building Unyfy and, in extension, thought about the larger creator and blockchain ecosystem, we identified several key requirements for a blockchain solution:

  • High-performance and transaction throughput, as features such as boosting can easily create high transaction volumes.
  • Low-cost as many use cases such as boosting, will not require the expensive security that other blockchains provide which is costly.
  • Low energy consumption - because for one we want to build technology that’s as environment-friendly as possible and because many of our users care about this topic as well.

We investigated various blockchains and ultimately decided that the maturity and prolonged liveness of the Ethereum ecosystem made the most sense for us.

At the same time, Ethereum in it’s current state doesn’t fulfill the outlined requirements and so we started building Unyfy on a POA EVM sidechain.

It is of the utmost importance that the LT ecosystem remains fully compatible and interoperable with Ethereum, to which we are releasing bridges in the near future, so that Unyfy users, for instance, can move their NFTs to the Ethereum mainnet or a second layer solution and trade it on established market places such as OpenSea.