Consensus Layer

Private land will use the Binance Smart Chain smart contract to maintain a virtual land title ledger. We call these interchangeable digital assets LAND: each LAND has a unique coordinate (x, y), owner, and a reference to a content description file, which encodes what the landowner wants to present there. Privateland clients will connect to the Binance network to retrieve LAND smart contract status updates.

LAND is purchased by burning PLand, a commensurate BEP20 fixed supply token. This token serves as a proxy for the cost of claiming new packages. The LAND contract uses the burn function to destroy the PLand and create a new entry in the LAND registry. The new package must be adjacent to a non-empty package.