Libonomy Blockchain > https://github.com/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.
Blockchain Issues and Libonomy’s
Solution
Problem’s description:
Most of the blockchains today are too slow to sustain the use cases of
blockchain technology, for example, Ethereum blockchain can provide a network
speed of 15 TPS (transactions per second). Other systems that have a high TPS
have sacrificed other important factors of blockchain, usually security.
Speed
Libonomy’s solution:
Libonomy offers transaction speed starting at 6000 TPS without sacrificing any
other vital characteristics of blockchain technology.
Problem’s description:
Scalability defines how well a decentralized system can grow and perform in a
real-world environment. Former blockchain networks could grant high
transaction speed in closed environments if only high-end computers would be
used, but in real-world scenarios, they perform poorly.
Scalability and Decentralization
Libonomy’s solution:
Libonomy invites all types of nodes to join the network, even low-end computers,
without sacrificing its network speed. This strengthens a vital aspect of
blockchain - decentralization.
06 Libonomy Blockchain © 2021
Problem’s description:
Immutability means that data are once written can’t be altered in the future. This is
great for the data on the blockchain, but it renders any upgrades to base
parameters impossible. Parameters chosen today might get outdated in a
couple of years. then a new network needs to be established which causes
disruptions or, in worse cases - forks (a completely new network).
Immutability
Libonomy’s solution:
Aphelion (the engine of Libonomy blockchain) allows dynamic updates throughout
the time, which are automatically determined by the AI engine itself. This
ensures the best network performance today as well as in 10 years.
Problem’s description:
All former blockchains are existing separate from one another, communication
between them is only possible within their narrow ecosystems.
Interoperability
Libonomy’s solution:
Thanks to the blockchain’s architecture, the Libonomy network can
communicate with all other public and private blockchains. This is a focal point
moving towards mass adoption.
07 Libonomy Blockchain © 2021
Problem’s description:
Most blockchains today are susceptible to security risks, some of them are less
likely to happen, but they are still present (like 51% attack, double spending,
ddos).
Security
Libonomy’s solution:
Multi-pool structure of the Libonomy blockchain ensures maximum security,
rendering any security attacks impossible.
Problem’s description:
Blockchains today are either ensuring all properties of blockchain technology,
but because of that performing poorly, or sacrificing some aspects to improve
performance in other ones. This creates complicated multi-blockchain setups
and a risk for data integrity and security.
Universal Solution
Libonomy’s solution:
Heavily improved characteristics of blockchain and the addition of new ones
allow Libonomy to be utilized for any project whether it’s meant for public use or
a private entity.
Now They have interlaced with Bitcoin and Ethereum, here they are working on DOT and Stellar. This is interoperability guys? Now in 2 weeks, they release a new interoperable smart contract system, this required no Developers or codings.
More Details on this here:
https://libonomy.com/one-click-systemSurely this is ground breaking news?