LibrumCHAIN Testnet has been successfully launched.

LibrumCHAIN Everything You Need to Know

Blockchain is the ground-breaking database technology that supports nearly all cryptocurrencies. Blockchain makes it incredibly difficult to hack or cheat the system by distributing identical copies of a database across an entire network. At the moment, the technology has the potential to serve a wide range of applications. Several new virtual projects are added daily, including cryptocurrencies, Blockchains, NFTs, and many more. Today we will talk about LibrumCHAIN, a new blockchain technology. Let’s get started!

What is LibrumCHAIN?

A development team at LibrumCHAIN has unveiled a unique, scalable blockchain architecture for asset tokenization that allows for real-time transactions. LibrumCHAIN was developed and licensed by the blockchain company Matrixchain, which has its headquarters in Tallinn, Estonia. Matrixchain employs a team of developers from all over the world, including individuals who have previously worked on creating blockchain solutions for well-known companies such as Accenture, IBM, Microsoft, Google, and many others.

LibrumCHAIN is an evolution of the low-energy Proof of Stake consensus process and a layer one blockchain of the most recent generation in the Proof of Authority (PoA) consensus method built on Apache-Kafka. It is highly scalable and compatible with other Blockchains like Ethereum, Tron, and BNB. Developers working on the Tron or Ethereum ecosystems should explore LibrumCHAIN and build their decentralized applications (DApps) or tokens on this platform. LibrumCHAIN has a tokenization feature with the help of which it can digitally store the real assets of up to 95% of the world’s population, and this feature resolves an issue that has been troubling the banking world. Smart contracts power LibrumCHAIN, and it is also capable of NFT minting.

It has raised around 2.5 million EUR during the initial financing rounds, allowing it to go on to the initial phase of implementation. On 22nd May, the test network was began operational, and the Mainnet would become operational by the end of July. LibrumCHAIN will raise the price of one token to EUR 0.0875 from its current price on 21th June 2022. If you are considering investing in the company should not pass up the chance to purchase at a lower price. Soon LibrumCHAIN will do further investment round to finish development of the blockchain and be listed on liquid exchanges. As soon as the smart contract becomes live, the token will be listed on CoinMarketCap and Coingecko.

Where Can LibrumCHAIN Be Utilized?

LibrumCHAIN cooperates in several industries, including the financial sector in Germany and Asia, for tokenizing shares and securities, the health sector, the tourist business, and renewable energy and decarbonization efforts. For potential partnerships with banks and other financial organizations, public & private Ledger looks like an appealing option. It is open to working with financial institutions and governmental bodies, and this option is included since it’s been programmed and modifications can be done according to government choice.

What is Librum Token?

The Librum Token’s objective is to serve as a bridge currency for payments between banks, map assets into the blockchain via smart contracts, and enable other developers to construct new types of apps based on the Librum Token. The Librum Token is a settlement mechanism for apps and applications that creates a unique environment for mapping real-world application situations. The accompanying smart contract, built on the Librum blockchain, is deemed forward-thinking and essential for asset tokenization. The LibrumCHAIN is distinguished from other blockchain systems’ by high scalability, smart contract solution, interoperability, and cheap transaction costs. The next-generation blockchain technology, LibrumCHAIN, will revolutionize asset tokenization.

The CEO/Founder of LibrumCHAIN Holger Kuhlmann says, “We want to set new standards in tokenization with LibrumCHAIN since our blockchain technology is more modern and energy-efficient than existing Blockchains. We value the ability to balance economy and ecology while maintaining a high degree of security. We plan to force rivals like Tron out of the market and take over their market share with our smart contract solutions, which potential LibrumCHAIN investors should benefit from in the future.” So, don’t miss out on the chance to get on to LibrumCHAIN and enjoy its unique features.