Review on LGCY Network by Praise Olagbadun
LGCY Network And Things It Holds For The Future
LGCY Network is a cryptocurrency exchange platform which is still under it's launching process, it has been discovered to be so modern and it's platform design organized. It is an open source cryptocurrency exchange platform that focuses keenly on dApp block chain, it aims to be the most decentralized dApp block chain in the world and this may seem possible as it is greatly supported by a whole community
The LGCY Network is known to be very as it makes transactions at the rate of 2000 coins per seconds and has a very low market
This network is sub-divided into three main extension:
1. LGCY Box: Which is a framework whereby developers test and implement their transactions or contracts through the use of the LGCY Web
2. LGCY Studio: Is a comprehensive IDE with an embedded LGCY Virtual Machine (LVM). It gives the developers choice to specify which environment to use for deploying the smart contracts. Although similar to LGCY Box, LGCY Studio has the ability to enable developers interact with their solidity smart contracts within a user-friendly environment
3. LGCY Grid: This is similar to Infura on Ethereum. It makes provision for the developers to access LGCY Network. Developers are able to build and release dApps and smart contracts by providing a load balanced and hosted API service on the cloud and this allows developers to save
4. LGCY Web: Connects developer to the block chain, delivering a unified and seamless development experience. It was originally influenced by Ethereum Web 3 but has a completely different implementation
This project has a very good target that would end up putting smiles in the faces of investors and also be the most supported block chains in the world. LGCY Network is going places and investors using it are ready to get more returns from their investments. What a nice ambition
Pros
- Transaction fee is comparatively low and can be affordable by investors
- It's token is stable
- It's platform design is well organized and easily accessible
- Possess a very high transaction speed of about 2000 transactions per seconds
- It's community is proposed to experience a rapid development because it is running on the Libertas Protocol
Cons
- It's token is known to have a very low market value
- It's rise and fall depends solely on the community and this results in the loss of credits
- It is not popular as it can only be found on two social media platforms
- Still under development
