What is Libonomy?
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)
Libonomy pooling system
There are four different types of pools. Each pool side is different.
- Power Pool
The main pool where the transactions are verified and validated.
- Exploit Finding Pool
EF Pool guarantees the security of the network.
- Maintenance Pool
These are backup nodes that are assigned into their respective pool.
- Audit Pool
This is assigned for the application of rules and regulations.
How does Libonomy work?
Libonomy blockchain network system
- Nodes become part of the network.
- Power Index of nodes is gathered and submitted to AI Consensus.
- The AI consensus engine will generate dataset of the nodes.
- The AI will classify and assign nodes their respective pool.
- Gossip communication takes place between multiple node pools.
- Virtual Voting will upgrade the pools.
- Data will be shared.
- The network becomes a distributed network.
Problems solved by Libonomy BLOCKCHAIN
- Libonomy has removed the incompetent ancient algorithms providing an updated version of the consensus algorithms combined developed on an AI engine.
- Libonomy’s AI consensus solves the problem of unfair means of distribution of resources on the network by letting each node participate equally.
- Bitcoin allows 7 TPS and Ethereum allows 15 TPS, Libonomy operates with the base speed of 6000 TPS which will scale overtime
- Libonomy solves scalability issues and improves efficiency.
- Libonomy has bridged the gap between blockchain that have been working silos, thus improving inter-chain communication issues.
- Solved the problem of centralization with a decentralized blockchain all the way.
Libonomy Blockchain features
- Fully autonomous blockchain
- Multi-layer blockchain
- Multi-pool consensus
- Upgradable state engine
- AI consensus algorithm
- Completely decentralized
- Smart contract technology
- Fork-free upgrade
- Multi-currency wallet technology
- Fast communication using signal passing
- Scalable
- Dynamic block size
- Dynamic TPS
LIBONOMY BLOCKCHAIN BENEFITS
- Fully trusted decentralized blockchain platform providing multi- factor authentication to keep transactions safe.
- Error free engine with higher capabilities of Artificial Intelligence: automated computation technology that keep capability of:
○ Transparency
○ Saves energy
○ Learning and adopt where needed
○ Joining the system with keeping a check on background
○ Predict the future behavior
○ Make sure of unwanted scam happenings
- More secure with high performance
- Scalable (competing with huge volume of transactions at a high
speed)
- Interoperable wallets (interact with other cryptocurrencies on a
single platform)
- User-friendly
- Pooling system is up-to-date and efficient.
- Hybrid system: Public and Private blockchain system are
integrated together to give the best of both worlds.
- The SDK will help create new mainnets.
