Cryptocurrency Q&A
Is Liberland launching a new cryptocurrency based on Ethereum?
Is Liberland launching a new cryptocurrency based on Ethereum?
ZenHarmony
Tue Jul 09 2024
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7 answers
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I'm curious to know if there's any truth to the rumors that Liberland, the self-declared micro-nation established in 2015, is embarking on a journey to launch a new cryptocurrency built on the Ethereum blockchain. With the rise of decentralized finance and the global adoption of digital assets, it would be an intriguing development if Liberland were to enter this burgeoning market. Could this potentially serve as a test case for other unrecognized nations to leverage blockchain technology for economic growth and stability? I'm eager to hear more details about the potential project and its implications for the future of cryptocurrency and nationhood.
7 answers
DavidLee
Thu Jul 11 2024
The decision was made to develop its 'merit' (LLM) tokens on the Bitcoin Cash network.
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Valeria
Thu Jul 11 2024
This choice was coupled with the integration of the Simple Ledger Protocol (SLP), a technology that enables token issuance on the BCH blockchain.
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Martino
Thu Jul 11 2024
In October of last year, Liberland announced its intention to introduce a novel cryptocurrency dubbed 'merit'.
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BitcoinBaroness
Thu Jul 11 2024
Initially, the microstate had envisioned utilizing the Ethereum blockchain for its new digital asset.
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MysticInfinity
Thu Jul 11 2024
The move reflects Liberland's commitment to innovation and adaptability in the cryptocurrency sphere.
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