I got asked by quite a few people to do an article on LibertyCoin, as it gained quite a nice community in a very short period of time. Plus, it’s also a X11 Proof-of-Work/Proof-of-Stake hybrid cryptocurrency, which is a good thing.
Considering the fact that a short period of mining is the new hot thing, LibertyCoin is not disappointing anyone. With a Proof-of-Work stage lasting only 1 week, you are already slightly late to the party whenever you are reading this article.
As far as the Proof-of-Stake phase goes, you will earn stake as soon as your coins reach the minimum coin age of 8 hours. Every year, you will 1% stake, which should be a fair enough amount, considering there is a total of 16,500,000 coins generated.
LibertyCoin is also one of those few cryptocurrencies which didn’t have an IPO or pre-mine, but an actual fair distribution. It was also announced ahead of its actual launch, to make sure n one could get an unfair advantage.
To make LibertyCoin stand out a bit more, the development team had implemented some of the ZeroCoin libraries. Unfortunately, the ZeroCoin project has been abandoned , and the code will be removed from the LibertyCoin code in the near future.
As far as exchanges go, LibertyCoin is currently only tradeable on BitTrex, but its doing quite well for itself there, despite a recent price drop. But as all altcoins are going down recently, that shouldn’t be anything to worry about.
LibertyCoin donations can be sent to : LfcrjE3HyqTHCrRcrtRid4vNKWyuqCnbQm