This app introduces and briefly characterises the Libereco network and blockchain.
The Libereco network is designed to be inclusive for everyone, including non-technical users, and consists of all tools necessary for self-accessing the Libereco blockchain without the need for intermediaries.
Libereco is a cryptocurrency network designed to address the pressing issues of privacy, scalability, and security in the blockchain space. By leveraging advanced privacy techniques, robust governance structures, modern technologies, and a sustainable financial design, the Libereco network aims to create a decentralized, efficient, and secure financial ecosystem.
The network empowers individuals by making privacy focused and entirely self-operated money, markets, and blockchain services easily accessible so users can participate in the digital economy. It is a community-run and community-shaped network that is a gateway to blockchain technology, DeFi, NFTs and all emerging aspects of financial systems.
The Libereco network helps people to address their basic financial needs, become less financially dependent on others, resolve financial problems associated with the use of current money systems, and become more socially active and entrepreneurship oriented.
The uniqueness of Libereco network is associated with the focus on user privacy and the application of technologies capable of removing drawbacks of current leading cryptocurrency networks, including Bitcoin and Ethereum. For example, Libereco blockchain addresses and transactions are encrypted and untraceable, and only the private key holder can decrypt them and send coins. The view key allows to view the balance of coins and associated transactions without using the private key. The employed cybersecurity measures including advanced cryptography also make the Libereco network much more resistant to attacks and malicious software.
Libereco uses a decentralized autonomous organization (DAO) to govern the network and its blockchain, ensuring community-driven decision-making. Libereco is a user-owned and community-run network and ecosystem. Through the participation in governors' DAO, LBRC coin holders, who manage the DAO treasury, have decision-making power in shaping the future of the project and its products by voting on development, marketing, and business initiatives. This democratic approach ensures that the ecosystem's evolution is aligned with the needs and preferences of its user base.
The network consists of one blockchain - Libereco blockchain - capable of running multiple coins. Utilised technologies include cybersecurity measures and advanced cryptographic techniques to make the network secure while addresses and transactions truly private.
The coins running on the Libereco blockchain include Libereco (LBRC), Ombrelo (OMBRL), Simpleco (SMPLC), Valoro (VLR), Svingi (SVNG), Fraktalo (FRKTL), Galaksio (GLKS), Banano (BNN), Marso (MRS), and Diamanto (DMNT). They are a store of value and medium of exchange. Besides LBRC is a governance coin enabling voting on Libereco DAO proposals while Ombrelo (OMBRL) is a governance coin enabling voting on the Umbrellapps DAO proposals. All coins can be staked on the Libereco blockchain. All Libereco coins have fixed supply, similarly to Bitcoin’s fixed supply.
There are also 17 Anchored coins (A coins) running on the Libereco blockchain: (1) USDA, (2) EURA, (3) BTCA, (4) ETHA, (5) XRPA, (6) BNBA, (7) SOLA, (8) DOGEA, (9) ADAA, (10) TRXA, (11) TONA, (12) AVAXA, (13) DOTA, (14) LTCA, (15) ATOMA, (16) XMRA, and (17) GOLDA. The A coins are anchored to their reference coins, e.g. USDA is anchored to USD, BTCA is anchored to BTC etc. The A coins are store of value and medium of exchange enabling cheap and fast transactions. The A coins use cases include store of value, medium of exchange, and a staking coin on the Libereco blockchain. The network and DAO have developed a specific mechanism for effective anchoring A coins to reference coins. Features of this mechanism include very small value of A coins total supply and 1:1 backing reserve so that A coins are independent on the price fluctuations of reference coins.
The Libereco ecosystem includes the Saketo Wallet. The Saketo wallet is designed as a secure and self-custodial wallet that facilitates direct self-access to the Libereco blockchain. All operations within the Saketo wallet are performed exclusively by users, without any intermediaries (self-access, self-custody), and are secured by in-built cybersecurity measures including the most advanced cryptographic algorithms.
The core teams behind Libereco network are professional and versatile. They are organized into three groups:
Libereco Labs (technological expertise): (i) blockchain, (ii) fintech, finance, and digital economy, (iii) cybersecurity and cryptography, (iv) software engineering, web development, and decentralized applications,
Libereco Research (research expertise): (i) research with a strong academic background (former academic professors), (ii) artificial intelligence (AI), mathematics, and data management, (iii) innovation,
Libereco Operations (managerial and marketing expertise): (i) new user and developer acquisition, (ii) community engagement, (iii) business development, DAO management, (iv) digital marketing, and social media.
A Small Coin System (SCS) is the set of mechanisms, entities, rules, and instruments by which coin supply and transactions are managed. The SCS governs how coins are created, valued, staked, exchanged, stored, etc. The SCS is community-driven with no central authority. It has small coin supply, and small user base. The SCS mission is to give power back to the people.
The Libereco network is one of SCS networks. All the SCS networks together can increase security and distributed nature of existing monetary systems.
When comparing the SCS with FIAT it should be emphasized that the SCS networks are decentralized while FIAT is centralized. The SCS networks are governed by decentralized DAOs, while FIAT are governed by central authorities.
The main differences between the SCS networks and cryptocurrency networks like the BTC network are the smaller supply of coins, smaller value, smaller coin holder base, and enhanced privacy features of the SCS networks. Multiple SCS coin networks existing simultaneously, based on different technologies and different user bases, are more resistant to centralization, censorship, and attacks than most existing FIAT and larger cryptocurrencies.
There are several reasons why people in parallel to using FIAT and conventional cryptocurrencies such as BTC should also use SMS such as Libereco.
The first reason is that the Libereco network belonging to SMS is relatively small. As a small network it is less interesting for potential malicoius attackers and hostile actors. Holding SMS coins is therefore a risk mitigation measure.
The second reason is the Libereco’s focus on user privacy. It allows Libereco users to participate in the money network without unnecessary publication of all related data which is the case of Bitcoin, Ethereum ad Tether.
The third reason is the Libereco’s use of most modern technologies, including cybersecurity solutions and cryptographic algorithms. Technologies behind blockchains created around 2010 are today outdated and not effective.
In the future the Libereco network will further expand adopting new trends in the blockchain space and will be accompanied by the entire ecosystem leveraging cutting-edge technologies and most up-to-date business-oriented solutions.
Today users can collect free coins (e.g. via crypto giveway app) and enjoy using or testing the Libereco blockchain.