Denver, Colorado--(Newsfile Corp. - April 25, 2022) - Quantum International Corp. (OTC Pink: QUAN), today is providing the origins of the LootUp App.
An explanation of the origins and the technical reasons Justin Waiau and his team from LGCY decided to build LootUp.
The LGCY Blockchain team debated for months on tokenomics, ethics, and decentralization trying to create a bulletproof blueprint without ego. Satoshi's vision was to have Bitcoin be perfect and never altered. The LGCY team felt that perfection was not possible nor should it even be a goal. As time changes the technology needs to be able to change along with it. It is impossible to create future proof tech, but tech that can grow with the future should be the goal of any good company.
LGCY Network is not about perfection, it's about being flexible and adapting. This is how they came up with the Governing Bodies.
LGCY Network utilizes a Delegated Proof of Stake system of government. Governing Bodies are a group of incentivized and educated delegates that vote on network proposals. Not everyone should be allowed to vote on what changes need to be made on a network (as in the classic Proof of Stake system). But token holders should be allowed to have their vote represented by a qualified delegate.
The biggest contribution to this new system is USDL. USDL is a stable gas coin that is backed by network fees. The biggest issue with building a decentralized application (besides speed and low fees) is volatility. By...
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