Litex is a decentralized value exchange ecosystem based on layer 2 technology.
TheLitex fullyis a decentralized value exchange ecosystem based on the layer 2 technology, and is able to realize off-chain transaction and cross-chain communication.
LITEX is a complete Layer 2 framework for consumer-level blockchain applications. The entire framework is divided into two parts: on-chain contract and off-chain protocol. The on-chain contract is a rule publicity platform that aims to fix the state and logic in the consensus layer, and provides various templates such as payment channel contract and business verification contract, etc. The off- chain protocol is a rule execution platform that aims to process the data organization, transmission and verification of data off the chain and provide data credibility, data protocol and authentication
protocol. LITEX provides developers with a verifiable, low-threshold, user-friendly, free-to-develop solution from end users’perspective. This whitepaper outlines LITEX's design philosophy, system architecture, crypto economic model, and best practices for developing blockchain applications with LITEX framework.