LGCY Network $LGCY

LGCY Network is a decentralized, open-source blockchain protocol that employs the DPoS (Delegated Proof of Stake) consensus mechanism. It operates on the Layer 1 network. The network prides itself on its industry-leading transaction speed, handling up to 10,000 transactions per second at an incredibly low cost of $0.01 per transaction. It runs on the Libertas Protocol and strives to be the world's most decentralized dApp (decentralized application) blockchain.

LGCY Network's Vision

The prime vision of the LGCY Network lies in attaining true decentralization. They implement the Libertas Protocol in the DPoS system of governance, known as the Governing Bodies (GBs). The system is designed in such a way that no large token holder can gain a disproportionate amount of power, thereby ensuring the preservation of decentralization.

Libertas Protocol and Decentralization

The Libertas Protocol is crucial to the LGCY Network's quest for extreme decentralization. Under this system, the 27 GBs are divided into three branches, each with its own limitations on power. This division is further regulated by introducing terms to the governance system. This unique arrangement makes sure that the power within the network is distributed equitably and not monopolized by a single large token holder.

SuperNova Mainnet

The LGCY Network supernova Mainnet is a remarkable innovation boasting a transaction speed of 10,000 transactions per second. This speed is combined with an average cost per transaction of just $0.01, making it an ideal platform for users seeking rapid, cost-effective transaction processing.