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Libereco Network

This app introduces the Libereco network.

Libereco network

The Libereco network is a cryptocurrency network designed to address the pressing issues of scalability, security, and privacy in the blockchain space. By leveraging an effective consensus mechanism, robust governance structures, and advanced cryptographic techniques, the Libereco network aims to create a decentralized, efficient, and secure financial ecosystem.

It uses a decentralized autonomous organization (DAO) to govern the network and its blockchains, ensuring community-driven decision-making.

The network consists of five blockchains: Simpleco, Libereco Open, Libereco Secret, Multvaluto Open, and Multvaluto Secret. Simpleco is a single blockchain. Libereco and Multvaluto have dual blockchain structure meaning native coins are simultaneously running on two parallel blockchains Open and Secret. The dual blockchain structure offers enhanced diversity for the running coins, i.e. users can choose one of two different parallel blockchains to register their coins.

The Libereco network currently operates as a private network and is used for testing and enhacement by a limited number of developers. The planned launch date with open public access is set to 2025. The network will be accompanied by the entire ecosystem leveraging cuting-edge technologies. The Libereco ecosystem will include a non-custodial wallet and many modern, attractive and decentralised blockchain solutions.

The Libereco network is currently under development and the final shape of its blockchains and ecosystem services will consider future conditions and trends in the sector. For sure it will be a very modern and innovative network securely applying highly decentralised solutions.

There will be multiple coins with diverse characteristics running on the Libereco network blockchains. Libereco (LBRC) is a native coin for the Libereco Open and Libereco Secret blockchains. LBRC is a store of value and medium of exchange enabling cheap and fast transactions. LBRC use cases include: (1) a gas coin used to pay transaction fee, (2) a governance coin enabling voting on Libereco DAO proposals, and (3) a staking coin. In addition, it is a staking reserve coin for A coins on the Multvaluto Open and Multvaluto Secret blockchains.

Simpleco (SMPLC) coin is a native coin for the Simpleco blockchain. SMPLC is a store of value and medium of exchange enabling cheap and fast transactions. SMPLC use cases include: (1) a gas coin, and (2) a staking coin.

Ombrelo (OMBRL) is a coin running on the Multvaluto Open and Multvaluto Secret blockchains. OMBRL is a store of value and medium of exchange enabling cheap and fast transactions. OMBRL use cases are: (1) a staking coin, and (2) governance coin for the Umbrellapps portal. It is distributed for free to Umbrellapps account holders.

Svingi (SVNG) is a meme coin running on the Multvaluto Open and Multvaluto Secret blockchains. SVNG is a store of value and medium of exchange enabling cheap and fast transactions. SVNG use case is a staking coin.

A coins (Anchored Coins): There are 16 A coins running on the Multvaluto Open and Multvaluto Secret blockchains: (1) BTCA, (2) ETHA, (3) BNBA, (4) TRXA, (5) GOLDA, (6) LBRCA, (7) SMPLCA, (8) SOLA, (9) ADAA, (10) AVAXA, (11) DOGEA, (12) DOTA, (13) MATICA, (14) LTCA, (15) ATOMA, and (16) XMRA. The A coins are anchored to their reference coins, e.g. 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 case is a staking coin on the Multvaluto Secret blockchain. In addition, the LBRCA coin is a gas coin on the Multvaluto Open and Multvaluto Secret blockchains. The price anchoring mechanism for the A coins includes five elements: (1) a minimized total supply, (2) a backing reserve, (3) a staking reserve, (4) an incentive to hold the A coins in small amounts, and (5) an incentive to hold the A coins for the short-term.>/p>

R Coins (Revenue Coins): There are 9 R coins: (1) BTCR, (2) ETHR, (3) BNBR, (4) TRXR, (5) GOLDR, (6) LBRCR, (7) SMPLCR, (8) OMBRLR, and (9) SVNGR. The R coins are running only on the Earn platform and are redeemable for A coins, OMBRL and SVNG. The R coins are store of value. The R coins use cases include: (1) staking coin on the Earn platform, and (2) reward coin in the Libereco Future Revenue Sharing Program (LFRSP). The R coins cannot be purchased or exchanged, they are only distributed for free, can be hold and redeemed in the future according to the LFRSP.

Further details such as nework architecture, consensus mechanism, monetary policy, incentives, governance, wallet, security, and privacy will be available on the launch of the Libereco Network.