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About LBY

Libonomy (LBY) is a cryptocurrency launched in 2021. LBY has a current supply of 70.00M with 0 in circulation. The last known price of LBY is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://libonomy.com/#intro.

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LBY Price Statistics
LBY’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6645
LBY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$50,422.58
LBY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
LBY Supply
Circulating Supply
0
Total Supply
70.00M
Max Supply
0
Updated May 23, 2024 9:21 am
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LBY
Libonomy
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Crypto KOL cygaar wrote on X: "The relationship between Ethereum L1 and L2 is now quite unbalanced. L2 gets the benefits of Ethereum security without contributing much value to ETH. I think there are two ways to restore balance: 1. Increase the minimum blob fee Currently, the blob fee is basically zero for rollups, which means that Ethereum gets almost no value from the L2 DA cost. In the world before EIP-4844, rollups have always been the largest source of Gas consumption for ETH, causing ETH to face strong deflationary pressure. However, because DA blobs are basically free, rollups no longer consume too much ETH. This, coupled with the reduction in execution activity on Ethereum L1, has caused ETH to become inflationary again. A perhaps more short-term solution is to increase the base blob fee. L2 must pay a certain amount of fees to use Ethereum DA. One could argue that increasing the cost of Ethereum DA will cause L2 to turn to alternative DAs. solution, but I think chains that want to truly inherit Ethereum security will still pay these costs. 2. Increase L2 usage The current blob pricing curve is set this way because researchers predict that there will be more demand for L2. However, apart from a few major events (initial blob release, blobscriptions, LZ airdrop), the cost of a blob has not exceeded the minimum fee. If L2 demand and usage increase, we may reach a state where the blob pricing curve can appropriately price DA blobs, resulting in a healthy level of ETH destruction on L1. In addition to the DA cost being quite large, the amount of Gas used for rollup settlement may also increase to a considerable amount. In the long run, this is the path that is most beneficial to the Ethereum ecosystem, but it also requires an intrinsic demand for L2 block space. We need more interesting consumer-facing applications to attract users and drive more on-chain usage. In this world, blob fees are almost never at the lowest price, and rollups will pay a large amount to inherit Ethereum's security. "
Sep 01, 2024 12:23 pm

Frequently Asked Questions

  • Who Are the Founders of Libonomy?

    Libonomy project was started in early 2018 by three swedish entrepreneurs - Richard Haverinen, Fredrik Johansson and Therese Johansson.

    Richard Haverinen, CEO of Libonomy, has more than 20 years of experience as an entrepreneur, managing small and large multi-country companies.

    Libonomy LTD company was registered in 2020. It is a UK based multi-country blockchain software development company with offices in the United Kingdom, Spain, Latvia and Pakistan.

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  • What Makes Libonomy Unique?

    Speed: Libonomy offers speed starting at 6000 TPS

    Interoperability: Libonomy can provide a bridge between all different public and private blockchains, it is already interoperable with Bitcoin and Ethereum blockchains.

    Scalability: Aphelion (Libonomy’s AI consensus engine) is smart in distributing resources on a network wide wide variety of nodes.

    Reward system: Smart resource management on Libonomy blockchain allows more honest reward distribution, which is based on node contribution in the network.

    Universal solution: Libonomy is well suited for any private and public blockchain project.

    Security: artificial intelligence consensus Aphelion eliminates known security concerns like double spending, 51% attack, ddos and others.

    Dynamic updates: Updates on the Libonomy blockchain happen seamlessly, without causing forks.

    Fees: Due to the high transaction speed, Libonomy can process transactions with very low fees.

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  • How Many Libocoins (LBY) Are There?

    Total supply of LBY is 70 million.

    Approximately 21% (15 million LBY) of total supply has been allocated for the Libonomy team, with the remaining 79% allocated for investors and contributors.

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  • Where Can I Get Libocoin (LBY)?

    LBY is available for trading on a growing number of exchanges: Bitz: https://www.bitz.ai/exchange/lby_usdt BigOne: https://big.one/en/trade/LBY-USDT Other: https://libonomy.com/lby

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  • What is the all-time high price of Libonomy (LBY)?

    The all-time high of LBY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Libonomy (LBY) is 0. The current price of LBY is down 0% from its all-time high.

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  • How much Libonomy (LBY) is there in circulation?

    As of , there is currently 0 LBY in circulation. LBY has a maximum supply of 0.

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  • What is the market cap of Libonomy (LBY)?

    The current market cap of LBY is 0. It is calculated by multiplying the current supply of LBY by its real-time market price of 0.

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  • What is the all-time low price of Libonomy (LBY)?

    The all-time low of LBY was 0 , from which the coin is now up 0%. The all-time low price of Libonomy (LBY) is 0. The current price of LBY is up 0% from its all-time low.

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  • Is Libonomy (LBY) a good investment?

    Libonomy (LBY) has a market capitalization of $0 and is ranked #6645 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Libonomy (LBY) price trends and patterns to find the best time to purchase LBY.

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