Price (USD)$ 0.0003
Circulating SupplyLGCY 12.71393B
Volume (24h)$ 40.56658K
Market Cap$ 3.66122M
Low/High 24h$ 0.0003 - $ 0.0003
Change (24h)$ 0.000009
LGCY Network is a DPoS, open-source blockchain protocol offering users superior transaction speed. Operating on the Libertas Protocol, this project may become the most decentralized dApp blockchain worldwide. In August 2020, its founders announced a launch of an inner cryptocurrency called LGCY Network (LGCY).
Since LGCY Network is a fork of the TRON blockchain, it has much in common with this cryptocurrency project. First, it's scalable, but unlike TRON it's also decentralized. To achieve this, LGCY developers release control to the community and separate the governance power into 3 different branches.
One more advantage of LGCY is high transaction speed. Compared to Ethereum, which handles 15-20 TPS (Transactions Per Second), LGCY Network handles up to 10 thousand TPS at the beginning. Furthermore, as the project develops, this speed increases. LGCY founders plan to accommodate billions of users, and they won't wait for much to complete their transactions.
Unlike other cryptocurrencies, LGCY doesn't have decentralization problems. Instead of using a representative system (called SRs) like in TRON for its government model where stakers may vote for which node is in power, this project uses 3 groups of Governing Branches, such as:
Thanks to this model, power becomes more evenly distributed among the government. As a result, it's much harder for one entity to gain control.
The community of active developers is one of the most essential factors aimed at improving the LGCY Network. Project founders are dedicated not only to onboarding and supporting dApps that would be interested in joining this new chain but also to developing new user-friendly tools.
Except for LGCY, this blockchain protocol also has a USDL coin used as gas for this Network. It's a stablecoin, which means that users who stake or run nodes with LGCY tokens will be sure of their payouts by getting them in stablecoins rather than in volatile tokens.
This gas token is pegged to the US dollar, meaning that 1 USDL is always equal to $1.
Such a decision makes this project scalable in the long run. Even if a transaction cost increases from $0.01 to $0.04, USDL won't change its price and will stay stable at $1 by being worth 25 transactions. As a result, LGCY community members will never have to worry about paying too much.
Even though LGCY Network is a relatively new project, its founders have already done a lot for its development. They partner with MoonTools.io for launching LGCY Mainnet Supernova. They've also completed a final Pre Staking campaign together with Biki.
However, according to the roadmap, this progress does not end up here. The team has even more high-flying plans for the next few years. Soon token holders will get access to booking services on Travala. In 2022, marketing and strategy initiatives for dApps will be conducted.
As LGCY becomes available for daily use and the project itself gets more advanced token price increases. According to DigitalCoinPrice, it will cost $0.0197 at the beginning of 2022. As for WalletInvestor experts, its price will get over $0.105 already at the end of 2021.
LGCY coin price today is 0.0003 USD.
After all, LGCY Network is a community-oriented project offering high transaction speed, scalability, and 3 Governing Branches. Its developers never stop surpassing users' expectations, and with the improvement of the Supernova mainnet, this cryptocurrency will attract even more investors.
LGCY has already changed the cryptocurrency market, and since it's being improved daily, it's time to buy LGCY Network tokens. StealthEX is the safest place for this purpose. Select from over 400 coins for exchange and provide basic information for your transaction. No need to wait much time to complete your purchase — everything is fast and secure.
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.