What is Libonomy

Libonomy blockchain - Key benefits
Dynamic
Uninterrupted access to the network 24 hours a day, all year around, seamless updates, no downtime ever.
Universal
Any decentralized project, both private and public, can be completed on Libonomy from A to Z - created, tested and launched.
Interoperable
While other blockchains allow access only to their own ecosystem, Libonomy supports all blockchains.
Scalable
One of the lowest requirements to join and earn in the network, while providing the highest transaction speed in the blockchain industry.
Autonomous
First of its kind AI engine which constantly keeps learning and improving to grant the best performance at all times.
Decentralized and Fair
Unlike POW and POS systems, Libonomy's reward distribution is fair, allowing everybody to participate and get a fair share.

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What is blockchain?
Blockchain is a database of information, it is not managed by any particular entity, but instead distributed between network participants.
New data on a blockchain is combined in packages (known as blocks) and, once confirmed by the network, added to the database. Each block on a blockchain contains a timestamp and a link to the previous one, which forms a chain of information. Once data is saved by the blockchain, it can’t be altered or erased.
Libonomy Blockchain
Libonomy is an open-source platform to create decentralized solutions. Libonomy offers the industry's fastest blockchain to provide developers and business owners with a scalable, efficient and interoperable environment with many new key features that improve user experience and lower costs.
  • Transaction speed (6000 TPS +)
  • Dynamic updates (no interruptions, no forks ever)
  • Interoperability (first blockchain that can communicate with all other)
  • Scalability (Best at growing in real-world environment)
  • Security (Libonomy is not susceptible to any security issues)
  • Decentralized and Fair (Rewards for nodes are distributed in more honest way)
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Libocoin (LBY)

Libocoin (LBY) the main asset of the Libonomy blockchain, will be utilized in all activities. Clients can earn LBY by downloading the light node client application. Furthermore, they can earn LBY based on contribution to the network, trading on our or an external exchange. Clients can also receive LBY by participating in contests, giveaways or other contributions trough the Libonomy platform on GitHub.

Utility

Our blockchain technology allows communities and companies to create faster, cheaper and better solutions - digital asset lending and borrowing, virtual storage, hedging and even power-sharing between units. All users need to do is connect to a decentralized application of their choice and they can utilize complex smart contracts, trace packages, use escrow service along with many other incredible features.

Digital Currency

Libonomy provides the best non-custodial protocol for digital currency projects. It allows clients to act like banks themselves. They can buy, sell, trade, lend and borrow digital assets, participate in crowdfunding and lots more. Libonomy blockchain is proud on being open and transparent, clients don’t need a third-party permission to operate with their assets.

Store of value

We allow users to store their digital assets on a decentralized ledger. Thanks to tokenization, you can become a partial owner of a building in Dubai or a small car manufacturer in Italy. Digital currency is free from governmental control – now we hold the future in our own hands.

How do you benefit?

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Network

Faster, cheaper to use, fairer, more secure network that welcomes everyone to participate in a fair reward-distribution system. A network that is designed with an intent in mind to be long lasting thanks to the AI’s ability to dynamically upgrade it.

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Community

Simple, easy-to-use, but very useful tools, that assist existing community as well as gain more exposure for new members of blockchain industry to work towards mass adoption.

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Developers

Interoperable, decentralized applications and smart contracts with Ethereum and other popular blockchains as well as on-platform code debugging feature – tools that introduce more possibilities and grant more security.

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Enterprises

A blockchain that is faster to set up, enables seamless future network upgrades, serves as a bridge between different blockchains while at the same time providing a more robust, more secure, fast and feature-rich solution for all private businesses.

Why do we need a change?

High energy usage

High energy consumption might be a necessity for proof-of-work consensus to incentivize miners to act honestly, and render some security issues like double spending attack almost impossible to execute due to the immense cost of it, but having an energy demanding network is disadvantageous for the network participants.

Low network speed

Loads of improvements have been made to improve the throughput of the blockchain technology, but while evaluating the latest numbers, we need to pay attention not just to the provided maximum speed, but also how well that speed is sustained on a network that doesn’t only consist of high computation-power machines.

Not autonomous

Advancements in technology, high traffic, new security risks and other ever-changing factors are all concerns for earlier technologies – is system autonomous enough to correctly distribute resources, adjust attributes, find new security issues over time without manual configuration.

Highly developer- dependent

Instead of having simple tools and full trust in the system, a decentralized technology, especially for private use cases, requires putting a lot of trust into developers.

Unfair network

We’re lacking a network where everyone can join and participate in a fair reward distribution system.

No all-in-one solution

Different blockchains provide different benefits; we are lacking one overall system that could be utilized both for private and public solutions, would accompany all the benefits of other technologies with none of the drawbacks.

No communication between different blockchains

Different systems work separately without being able to share information with one another. Even though some advancements have been made, these solutions are proposing an interoperability only within very narrow ecosystems.

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