Review on LGCY Network by Benaiah A. Akinlade
LGCY making true legacies
LGCY Network started out as a branch of the TRON blockchain but with a focus on engaging community involvement and running on the Libertas Protocol. It is a decentralised and an open-source blockchain protocol with very fast transaction speeds and high flexibility. It handles 2000 TPS with an average fee of USD 0.01 for each transaction
The network simply aims to provide a so-called true decentralisation where there will be no room for a single large token holder to gain an unbalanced amount of power.
LGCY SUITE
The LGCY SUITE is a toolset availed to developers to build on top of the network. The toolset includes:
LGCY Box
LGCY Web
LGCY Studio
LGCY Grid
LGCY have a total of 100 billion tokens with over 7.3 billion tokens not sold were burnt at presales. More than 33.3 billion tokens burned in total.
These token burnings were carried out in order to put the project in the hands of the community and developers.
One LGCY currently exchanges at USD 0.00016472
There is a claim that they are ahead schedule of their roadmap. If that’s the case, then we may be reaping the fruits of this community centered legacy
Pros
- Well detailed whitepaper
- Well itemised roadmap
- Emphasis on community
- Transactions are completed at a very high speed, faster than Btc and Eth
Cons
- LGCY still has a low trading volume
