Article Summary, Automatically Generated By AI
Summary of LGCY Network
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Key Features:
- DPoS, open-source blockchain protocol
- Industry-leading transaction speed and flexible utility
- Runs on Libertas Protocol
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Decentralization:
- Implemented through Libertas Protocol and Governing Bodies (GBs) system
- 27 GBs split into three branches to limit power
- Terms introduced to governance system to prevent unbalanced power
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Stable Gas Token:
- USDL
Introducing LGCY Network: Pioneering a New Era of Decentralized Innovation
LGCY (Legacy) Network is a decentralized, open-source blockchain protocol built upon the Libertas Protocol, boasting industry-leading transaction speeds and versatile utility. Its ultimate goal is to emerge as the most decentralized dApp blockchain globally, fostering a robust ecosystem for decentralized applications.
Introducing genuine decentralization through the implementation of the Libertas Protocol, which revolutionizes the governance system by dividing the 27 Governing Bodies (GBs) into three distinct branches. This innovative approach ensures that no single entity, regardless of token holdings, can accumulate disproportionate power, thereby maintaining a delicate balance of authority.
LGCY leverages its proprietary Stable Gas Token, USDL, to fuel the network. By delegating (staking) their LGCY to their preferred Guild Banks (GBs), users receive a payout in USDL.
LGCY aspires to become the premier hub for decentralized applications (dApps), with a substantial allocation of 33 billion tokens permanently staked as a dedicated developers’ fund. Furthermore, a significant portion of tokens, including team allocations, have been burned, resulting in a maximum of 18 billion tokens in circulation.