LoserChain’s design goals

1.Support large-scale validator nodes, so that everyone can participate in the network ecology

2. Compatible with EVM, seamlessly migrate existing contracts to LoserChain

3. Leverage XCMP to realize Polkadot ecological sharing

4. Compatible with subtrate-ibc for seamless access to Cosmos

Why not just use the Cosmos-SDK?

Because the underlying consensus mechanism of Cosmos-SDK uses the Tendermint engine, which is based on the PBFT variant protocol. Due to the limitation of PBFT variant protocol, it cannot support large-scale validator nodes, while the Babe+Grandpa consensus substrate can support tens of thousands of validator nodes.

How to become compatible with EVM/Ethereum ecosystem?

We’ll independently implement Evm Pallet to be compatible with the runtime of EVM contracts. This will also be compatible with the api specifications of web3 and eth namespce, so that tools such as metamask can seamlessly be used.

Modules that need to be implemented

1.Airdrop system, airdrop is the feature of losercoin. Combining airdrop and parliamentary mechanism can quickly issue a large amount of losercoin to the community

2.EVM Pallet, compatible with running EVM contracts

3.Oracle Pallet, which provides Defi-based price-feeding capabilities, and can be called directly through the corresponding ASM in Solidity to obtain quotes within the transaction.

— — Translated from http://losercointalk.org/thread?topicId=4640