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Liberland Blockchain is a layer 1 public blockchain launched by the Free Republic of Liberland, a micro-nation founded in 2015. Built on a Substrate-based system, it aims to provide e-government services to promote personal and economic freedom. The blockchain employs native tokens, Liberland Dollar (LLD) and Liberland Merit (LLM), for ownership and governance respectively. LLD has a fixed supply of 3 million, acting as a medium of exchange, while LLM, with a cap of 70 million, plays a central role in governance, including elections and legislative decisions. The system supports NFTs for land and assets, alongside a decentralized identity solution. Ambitiously, the project plans a novel judiciary system with self-executing contracts and enhanced security measures. Emphasizing limited governmental intervention, Liberland Blockchain pioneers digital citizenship and governance innovations. For further information, visit their [official site](https://liberland.org/blockchain).
Liberland Blockchain is a layer 1 public blockchain launched by the Free Republic of Liberland, a micro-nation founded in 2015. Built on a Substrate-based system, it aims to provide e-government services to promote personal and economic freedom. The blockchain employs native tokens, Liberland Dollar (LLD) and Liberland Merit (LLM), for ownership and governance respectively. LLD has a fixed supply of 3 million, acting as a medium of exchange, while LLM, with a cap of 70 million, plays a central role in governance, including elections and legislative decisions. The system supports NFTs for land and assets, alongside a decentralized identity solution. Ambitiously, the project plans a novel judiciary system with self-executing contracts and enhanced security measures. Emphasizing limited governmental intervention, Liberland Blockchain pioneers digital citizenship and governance innovations. For further information, visit their [official site](https://liberland.org/blockchain).
The primary purpose of Liberland LLD is to establish comprehensive e-government services for the citizens of Liberland. It leverages a Substrate-based blockchain to facilitate governance through its native tokens, Liberland Dollar (LLD) and Liberland Merit (LLM). Liberland LLD aims to create a decentralized system where LLD holders own the blockchain, while LLM holders govern it, enhancing the democratic engagement of its citizens.
Liberland Blockchain uses two native tokens: Liberland Dollar (LLD) and Liberland Merit (LLM). LLD holders have ownership rights over the blockchain, which serves as both a medium of exchange and a store of value. LLM holders have governance rights, enabling them to partake in decision-making processes. This dual token system ensures that governance is distinct from ownership, fostering a robust democratic structure within the blockchain ecosystem.
Users of the Liberland Blockchain gain several benefits, including the ability to participate in e-government operations powered by blockchain technology. The system integrates NFTs for land and assets, ensuring a secure and transparent ownership record. Additionally, a planned decentralized identity solution will streamline user identification, and future developments include an online judiciary system for enhanced security and fraud prevention, providing a comprehensive digital governance experience.
Liberland Blockchain differentiates itself by focusing on e-government services tailored for Liberland's citizens, utilizing a governance-focused approach with LLD and LLM tokens. Unlike many other layer 1 blockchains that prioritize general decentralization and DeFi, Liberland Blockchain uniquely combines governance and ownership under a permissionless framework while planning for developments like non-smart, self-executing contracts and an online judiciary system, setting it apart in the blockchain landscape.
In the Liberland Blockchain, NFTs are used to represent ownership of land and other assets within the Liberland community. This use of NFTs ensures secure, transparent records of ownership and can be expanded to other types of assets. As part of the platform's comprehensive offering, these NFTs support the broader goal of implementing a complete e-government solution, enhancing property rights within a digital governance framework.
Users encountering issues on the Liberland Blockchain should initially refer to the official support resources and documentation available, as these contain guidance on common problems. Future updates to the blockchain will incorporate an online judiciary system, which will provide mechanisms for account recovery and fraud prevention. This system aims to help users resolve more complex issues through judicial oversight, enhancing overall security and user confidence in the blockchain.
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