2019 was a year of growth for the Lition project. We came of age, and launched the first iteration of our Mainnet. Lition Energy became one of the fastest-growing independent energy sellers in Germany. We also achieved many partnerships that have put us in a great position to take on the New Year. We want to thank the Lition community for their support throughout 2019 and are pleased to share our plans and vision for 2020 with you.

Q1 2020

Fix the IBFT Consensus Issue on the Blockchain

The Lition Mainnet suffered a significant setback when it stopped mining blocks due to an issue with the IBFT Consensus that was used for it. With nodes unable to reach consensus, we had to downgrade the mainnet to beta status. As at the end of the year, we have succeeded in maintaining significant uptime on the blockchain, and even more importantly, we have been able to add more nodes to the mainnet for further stress testing. The critical goal in Q1 is to find a lasting solution to the Consensus issue and achieve production-ready uptime. We will address this more in detail in an upcoming update.

New Web Presence

The project has grown since the crowdfunding stage, and the website needs to reflect this evolution. Therefore, we are developing a new website, and are in the final stages of releasing it to the community. The new website will be more indicative of where we are now as a project and oriented to acquire new business customers for our technology. This will form a significant part of an intensive marketing campaign this year.

Industry-Specific toolkit (SDK) for the energy market

Our energy sidechain has been flourishing, and seeing growth in transactions and adoption as Lition Energy continues to expand. Releasing an SDK in Q1 will help to provide new customers with the tools, libraries, documentation, and code required to create new sidechains and join the Lition ecosystem. Our energy use case has been very successful, and this is a step further to make it easier for the other businesses in the energy market to use our solution and/or our implementation service. This will ultimately create more demand for the Lition token as well as help to increase cash flow for Lition’s continued growth and expansion.

Integration of Gas as Product into the Energy Use Case

Lition Energy is already one of the highly-rated green electricity platforms in Germany. We’re pleased to announce that we are in the final stages of becoming a licensed gas provider as well. We are already in the process of setting up the sales funnel and infrastructure to be market ready so we can begin onboarding the first customers.We expect to be serving gas customers by the end of Q1 2020. This new development benefits our community as it will lead to a significant increase in the volume of transactions that the Energy sidechain processes.