Loki combines a private transaction network based on Monero with economically incentivised service nodes to create a trustless quorum based networking protocol. This protocol allows anyone to route small packets of data in an anonymous and decentralised way. The front end applications that use this packet routing system are private-by-design, and are known as Service Node Apps “SNApps”; the first of which is the Loki Messenger - a decentralised, anonymous and private messaging service.
A hybrid proof of work / proof of service system offers a unique way to financially incentivise the operation of full nodes. Loki leverages these incentivised nodes to create a secondary network of privacy focused services. Access to these services is limited by cryptographic keys, which represent a commitment to a precomputed proof of work. These keys can be mined or purchased using Loki, the underlying currency. Loki is built from a modified version of the Monero source code, giving all transactions a high degree of privacy. This white paper outlines the technology used in Loki. We anticipate that changes to this technology will occur as Loki is developed. The white paper will be updated to reflect any future changes.