Testnet
Every network needs a stable ground. So this month the testnet went live. There all features are tested and completely checked. So it is possible to detect errors early, to test experi- mental functions and to keep the network up to date. The testnet is currently used by the de- velopment team. Next month it will be available for everyone and will give a great overview of the possibilities Librum offers.
Node Rollout
To be able to guarantee decentralization in a network, the network is secured by nodes. These are also tested in the testnet. Currently, the nodes are booted one after the other and integrated into the network. This ensures that everything runs correctly. If you would like to learn more about the process, you can read several articles from our CBS on Medium. Stress test Currently, the network is intentionally overloaded with transactions to test the performance. Thus, it is possible to measure the TPS and simulate the behavior in an extreme situation. Many scenarios are run through and provide data at the end, which give information about network statistics.
Private Sale
The private sale remains for a short time. Users are offered the opportunity to invest in the network at an early stage. Thus, investors benefit from an increase in the network if they take their chance and invest early.
Bug Bounty
In the coming weeks, users are invited to test the Chain completely for themselves. If an error is discovered, the finder will be rewarded. A reward of 1000 Librum will be paid out for each error found. In this way, the network will be tested once again in its entirety and users will get an early impression of how the product will look in the end. As always, we welcome everyone to check us out on social media. Follow us on our official channels!
Every network needs a stable ground. So this month the testnet went live. There all features are tested and completely checked. So it is possible to detect errors early, to test experi- mental functions and to keep the network up to date. The testnet is currently used by the de- velopment team. Next month it will be available for everyone and will give a great overview of the possibilities Librum offers.
Node Rollout
To be able to guarantee decentralization in a network, the network is secured by nodes. These are also tested in the testnet. Currently, the nodes are booted one after the other and integrated into the network. This ensures that everything runs correctly. If you would like to learn more about the process, you can read several articles from our CBS on Medium. Stress test Currently, the network is intentionally overloaded with transactions to test the performance. Thus, it is possible to measure the TPS and simulate the behavior in an extreme situation. Many scenarios are run through and provide data at the end, which give information about network statistics.
Private Sale
The private sale remains for a short time. Users are offered the opportunity to invest in the network at an early stage. Thus, investors benefit from an increase in the network if they take their chance and invest early.
Bug Bounty
In the coming weeks, users are invited to test the Chain completely for themselves. If an error is discovered, the finder will be rewarded. A reward of 1000 Librum will be paid out for each error found. In this way, the network will be tested once again in its entirety and users will get an early impression of how the product will look in the end. As always, we welcome everyone to check us out on social media. Follow us on our official channels!
There are turbulent weeks in the crypto sector behind us. The market sentiment is currently negative, first the fall of Terra Luna, the insolvencies of Three Arrows Capitals and most recently Celsius. Other macroeconomic reasons, such as the Ukraine conflict, are putting a decent dent in the financial markets. For this reason, the development team has decided to delay the launch of LibrumCHAIN. Previously, it was planned that the smart contract would go live in mid-August. This timing is inconvenient because, as described, macroeconomic factors do not favor a launch at this time. Rather, it would hurt investors and unnecessarily put the company at risk.
Investors are increasingly pulling their investments out of the speculative crypto market and putting money into other value assets that they generally consider safer. This created a general downtrend in the markets, from which new projects also suffer.
The LibrumCHAIN testnet has been running very stable since June. More nodes are being added to the network. Final optimizations are already being made to ensure a smooth launch. The bugbounty program is still open to all interested parties and offers the possibility to test the environment already completely.
Furthermore, there will be a final funding round, which is especially designed for retail investors. Several launchpads will be run, addressing different crypto communities and guaranteeing a range of investors.
The launch of the smart contract is targeted for Q4 2022. This allows for optimal use of the market and removes risk for both investors and the project itself. The launch is linked to listings on liquid exchanges, so that the coin has an optimal environment to rise in the long term. However, the listing will take place depending on the market situation in order to be able to launch LibrumCHAIN in a positive market environment. This should all take place in a healthy framework, and help the project to be a strong success in the long run. Interested parties can find more information at: www.librumchain.com
Investors are increasingly pulling their investments out of the speculative crypto market and putting money into other value assets that they generally consider safer. This created a general downtrend in the markets, from which new projects also suffer.
The LibrumCHAIN testnet has been running very stable since June. More nodes are being added to the network. Final optimizations are already being made to ensure a smooth launch. The bugbounty program is still open to all interested parties and offers the possibility to test the environment already completely.
Furthermore, there will be a final funding round, which is especially designed for retail investors. Several launchpads will be run, addressing different crypto communities and guaranteeing a range of investors.
The launch of the smart contract is targeted for Q4 2022. This allows for optimal use of the market and removes risk for both investors and the project itself. The launch is linked to listings on liquid exchanges, so that the coin has an optimal environment to rise in the long term. However, the listing will take place depending on the market situation in order to be able to launch LibrumCHAIN in a positive market environment. This should all take place in a healthy framework, and help the project to be a strong success in the long run. Interested parties can find more information at: www.librumchain.com