This app introduces and briefly characterises the Libereco network and blockchain. It also provides Q&A for beginners in blockchain usage.
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 ad 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, be less financially dependent on others, resolve financial problems associated with 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.
There are several reasons why users should shift away from networks such as Bitcoin, Ethereum or Thether (the three largest money networks by market capitalisation) to networks such as Libereco.
The first reason is that the Libereco network is and will always be relatively small. Large networks have naturally higher risk of collapsing than smaller networks. The collapse can be either due to (a) malicious attacks of hostile actors, (b) internal economic unsustainability (the Luna collapse case), (c) political, regulatory and systemic pressure, (d) overvaluation, (e) technical drawbacks, (f) outdated technology. Many diverse smaller networks have much smaller risks and some of them will easier adapt to the changing environment. It is not good to keep all eggs in one basket, diversification across multiple smaller money networks is an effective 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.
Libereco stands for a network (Libereco network), DAO (Libereco DAO), coin (Libereco coin), and blockchain (Libereco blockchain)
Similarly to Bitcoin which also uses the same word for coin, network, and blockchain. Contrary to Ethereum which uses name Ether for coin but people often call 1 ETH - one ethereum.
Anyone can receive a Libereco blockchain address from within the Saketo wallet by selecting Get your new blockchain address & keys and clicking button Get address & keys
Anyone can receive a coupon redeemable into small amount of coins for free from within the crypto giveaway app.
To redeem a giveaway coupon into coins use the Saketo Wallet. From the Saketo wallet one can redeem a coupon, select coins, and send them directly to Libereco blockchain address.
Each coupon can be coverted into one of the following coins running on the Libereco blockchain: LBRC, OMBRL, SMPLC, VLR, SVNG, FRKTL, GLKS, BNN, MRS, DMNT, USDA, EURA, BTCA, ETHA, XRPA, BNBA, SOLA, DOGEA, ADAA, TRXA, TONA, AVAXA, DOTA, LTCA, ATOMA, XMRA, and GOLDA.
LBRC can be send and staked from within the Saketo wallet
Money is anything widely accepted as a means of payment for goods and services and for settling debts.
Money is not just coins and paper bills. It’s a tool that helps people trade and store value. Imagine trying to swap chickens for clothes — very messy, right? Money solves that by being something everyone agrees has value.
It acts as:
Before money, people used barter — trading one good for another. But that only works when two people both have what the other wants ("double coincidence of wants"). Money eliminates that problem. It lets you sell your stuff to anyone and then use the money to buy what you need from someone else.
In ancient times, money was something with its own value, like:
These had intrinsic value — people valued them even without using them as money.
Today, most money is fiat money. That means:
You trust fiat money because the government backs it, and everyone around you accepts it too.
Most money isn’t cash — it’s numbers in bank accounts. This is called:
It’s created by banks when they give loans — but it's still fiat-based.
This is private digital money, not controlled by governments or banks:
Crypto can be used as money, but it’s more volatile and not yet accepted everywhere.
Some private entities, towns, local communities, online platforms, decentralized autonomous organizations (DAOs) create their own digital money:
These aren’t fiat money, but they can work like money in certain circles for certain purposes. These create money ecosystems which can be global but usually are limited to a certain region, entity, online platform, store, hotel etc.
Money only works because people trust it. If you didn’t believe the €20 note could buy anything tomorrow (because of a war), you wouldn’t accept it today.
That’s why central banks manage inflation and issue secure banknotes. Trust is also why Bitcoin’s blockchain is seen as revolutionary — it builds trust without a central authority.
DAO money such as Libereco can achieve trust e.g. by using advanced innovative technology including cybersecurity, data privacy and cryptographic encryption.
Money is much more than coins. It’s a system that keeps the economy running smoothly. Whether it's paper, plastic, or digital code, money helps us measure, trade, save, and plan.
Money performs four main functions in an economy. Each function plays a key role in how we trade, save, and plan for the future.
Money is used to buy goods and services. Instead of trading one item for another (barter), we use money to make transactions easier and faster.
Example: You give €10 to buy lunch, instead of trying to trade your phone charger for a sandwich.
Money provides a common way to measure the value of things. It helps us compare prices and keep track of earnings or costs.
Example: A book costs €15 and a pen costs €1.50 — you know the book is 10 times more expensive.
Money keeps its value over time (assuming there's no high inflation), so you can save it and use it later.
Example: If you earn €100 today and keep it in your wallet, you can still use it to buy things next week.
Money allows people to make agreements for payment in the future. It's used in credit, loans, and contracts.
Example: You borrow €500 today and agree to pay it back next month. Both sides know what that amount means in value.
In summary: Money is much more than paper or coins — it’s a powerful tool that helps economies run smoothly by simplifying trade, keeping value, allowing comparison, and enabling credit.
The above list will grow rapidly as new types of money and new uses for it are created.
Definition: A blockchain is a digital, secure, and shared record of transactions that cannot be easily changed or tampered with.
Blockchain is a special kind of database or ledger. Unlike traditional databases that are managed by one company or authority (like a bank or government), a blockchain is decentralized — meaning that many people or computers (called “nodes”) share control of it. Once a piece of information is recorded on the blockchain, it’s nearly impossible to delete or change without agreement from the majority.
The name “blockchain” comes from the way data is stored — in blocks that are linked together in a chain. Each block contains:
When a new block is created, it gets attached to the previous block, forming a chain — hence the term “blockchain.” This method makes it very secure because altering any block would also require changing every block that came after it, which is extremely difficult and requires a huge amount of computing power.
Imagine you're sending money to a friend overseas. Traditionally, a bank acts as the middleman, verifying and transferring the funds. With blockchain, you can send digital money directly, and the network confirms and records the transaction — securely, quickly, and without the need for a bank.
Blockchain is changing the way we think about money, trust, and data. It offers a more open, secure, and fair system for recording all types of information — not just money. Though it’s still new and evolving, many industries are already exploring how to use it in creative and helpful ways.
A blockchain wallet is a digital tool (like an app, program, or device) that allows you to send, receive, and store digital money like Bitcoin, Ethereum, or other cryptocurrencies.
Think of it like an online version of your real wallet, but instead of holding cash or cards, it holds your digital currency and private keys.
The wallet does not actually store coins. Instead, it stores your private key, which proves ownership of the coins stored on the blockchain.
A blockchain address is like your email address, but for sending and receiving digital money. It’s a long string of letters and numbers (e.g., 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH) that points to a location on the blockchain.
Each blockchain address is linked to your wallet. You give this address to others when you want to receive cryptocurrency.
Bitcoin Address: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa Ethereum Address: 0x742d35Cc6634C0532925a3b844Bc454e4438f44e
Never share your private key. Only share your public address when receiving funds.
To interact with cryptocurrencies, you need both:
In the world of digital currencies, a coin is a type of digital money that operates on its own blockchain. Coins are used as a form of payment, a way to store value, or to fuel transactions on their own networks. The most well-known example is Bitcoin, which runs on the Bitcoin blockchain.
Other examples of coins include Ethereum (ETH), Litecoin (LTC), and Monero (XMR). Each of these coins has its own independent blockchain technology, where transactions are recorded and secured using cryptography.
A coin is usually used for general financial purposes, such as buying goods or services, transferring funds between users, or paying transaction fees within its own network. For example, you use ETH to pay for actions on the Ethereum network, such as running smart contracts.
Coins are different from tokens, which usually rely on another blockchain (like Ethereum) instead of having their own. So, in short: if it's digital money and it runs on its own blockchain, it’s considered a coin.
A blockchain transaction is the process of transferring digital value (like cryptocurrency or digital tokens) from one person or wallet to another, and recording that transfer on the blockchain — a public, secure, and unchangeable digital ledger.
When you send or receive digital currency (like Bitcoin or Ethereum), you're creating a transaction. This transaction includes:
After the transaction is created:
You send 0.5 Bitcoin to a friend. The blockchain records that 0.5 BTC moved from your wallet address to your friend's address. That record stays forever, can’t be changed, and anyone can verify it.
A blockchain transaction is a secure, digital record of value being moved from one person to another, without the need for a middleman like a bank. It’s the core activity that makes blockchain technology useful and trustworthy.
Staking is a way to earn rewards by helping to run and secure a blockchain network. It involves locking up your cryptocurrency (such as Ethereum, Cardano, or Solana) for a period of time to support the network’s operations — like validating transactions and adding new blocks.
Some blockchains use a system called Proof of Stake (PoS). Instead of using powerful computers to solve puzzles (like in Bitcoin), these networks rely on people who "stake" their coins as a commitment to be honest participants.
Staking is a key part of many modern cryptocurrencies. It allows you to earn money while also helping the blockchain network run smoothly and securely. It’s like putting your money in a savings account — but for crypto.
A DAO (Decentralized Autonomous Organization) is a new kind of organization that runs on the internet using blockchain technology. It is managed by its members through rules written in computer code (called smart contracts), not by a boss or central authority.
A DAO is a digital community where members vote on decisions, and everything is recorded transparently on a blockchain.
DAOs are a powerful innovation that lets people organize, make decisions, and manage resources together — all online. With no central authority and transparent rules, DAOs represent a new model for community-driven organizations.
DAO money is a type of digital currency used within a Decentralized Autonomous Organization (DAO). A DAO is an online community or organization that is run by rules written in code (smart contracts), not by managers or governments.
A Decentralized Autonomous Organization (DAO) is like a digital company or club where decisions are made by members who own tokens. There is no central boss — everything runs automatically using blockchain-based rules.
DAO money is usually a token that members use for:
Unlike traditional cryptocurrencies like Bitcoin (used mainly as digital cash), DAO money is designed for governance, collaboration, and community management within the DAO.
DAO money empowers users to work together in online communities, fund shared goals, and vote on important decisions — all without needing banks, managers, or middlemen. It’s a new form of digital collaboration powered by blockchain technology.
In the blockchain space, a network refers to a system of computers (nodes) that work together to maintain, validate, and secure a decentralized digital ledger. This ledger is known as the blockchain. Unlike traditional networks, there is no central authority or server controlling the system — it is decentralized and distributed across many nodes.
A well-known example of a blockchain network is the Bitcoin network. In this network, thousands of computers (or nodes) around the world participate in validating transactions and ensuring the security of the Bitcoin blockchain. Every time someone sends or receives Bitcoin, nodes work together to validate the transaction and add it to the blockchain.
In the blockchain space, a network is a collection of decentralized nodes that work together to validate, secure, and manage transactions. It’s a fundamental part of how blockchain technology operates, ensuring transparency, security, and trust without needing a central authority.
Governance in the context of a DAO (Decentralized Autonomous Organization) and blockchain refers to the systems, rules, and processes that are used to make decisions within these decentralized networks. Unlike traditional organizations that have a central authority, governance in DAOs and blockchains is distributed and managed by the community or the participants.
In a DAO, governance is typically based on token-based voting. Members of the DAO can participate in decision-making by using tokens they hold. These decisions can include matters such as how funds are spent, which projects to support, or changes to the DAO’s rules. The rules for voting and decision-making are encoded in smart contracts, ensuring that the process is transparent and automated.
Governance in blockchain refers to the rules and processes used to manage and update a blockchain network. Since blockchain is decentralized, governance is often achieved through consensus mechanisms (e.g., Proof of Work or Proof of Stake), where participants or validators agree on which transactions are valid and how the network should evolve.
In the blockchain space, governance plays a critical role in ensuring that decentralized networks remain transparent, secure, and able to evolve. Whether in a DAO or blockchain network, governance allows participants to influence decisions, vote on proposals, and guide the future of the ecosystem.