BLOCKCHAIN, CRYPTOCURRENCY, LIRACOIN - ALL YOU NEED TO KNOW

In case you're following banking, investing, or cryptocurrency during the last ten decades, you might be familiar with "blockchain," the record-keeping tech behind bitcoin. And there's a great probability that it only makes so much sense. In attempting to find out more about blockchain, you have likely encountered a definition such as this: "blockchain is a distributed, decentralized, public ledger." The fantastic news is, blockchain is truly easier to understand than that definition seems.

What's Blockchain, Really?
At its simplest level, block chain is literally only a series of blocks, but not in the traditional sense of these words.

"Blocks" on the block chain consist of electronic pieces of information. Especially, they have three components:

1. Blocks store information about trades, state the date, time, and dollar amount of your latest purchase from Amazon.

2. Blocks store information about who's participating in transactions. A block to your splurge buy from Amazon will record your name combined with Amazon.com, Inc.. Rather than using your true name, your purchase is listed with no identifying information using a unique"digital signature," sort of like a username.

3. Much like you and I have names to distinguish us from one another, every block stores a special code called a "hash" which enables us to tell it apart from every other block. Let's say you made your splurge purchase on Amazon, but while it is in transit, you decide you just can not resist and require a second one. Despite the fact that the details of your transaction would seem almost identical to your previous buy, we could still tell the blocks apart due to their unique codes.

While the block in the example above is used to store one purchase from Amazon, the fact is a bit different. Based on the size of these trades, that means one block may home a few million trades under one roof.

How Can Blockchain Work?
Blockchain, as its name implies, includes numerous blocks strung together.

1. A trade must occur. Let us continue with the example of your spontaneous Amazon purchase. After clicking through numerous checkout pushes, you go against your better judgment and make a purchase.

2. That transaction has to be verified. After making that purchase, your transaction has to be verified. Together with other public records of information, such as the Securities Exchange Commission, Wikipedia, or the regional library, there is someone in charge of assessing new data entries. These networks often consist of tens of thousands (or in the event of Bitcoin, roughly 5 million) computers spread throughout the planet. If you make your purchase from Amazon, that network of computers rushes to confirm your trade happened in the way you stated it did. (More on how this occurs in another.)

3. That transaction must be saved in a block. After your transaction has been confirmed as accurate, it will get the green light. The transaction's dollar amount, your electronic signature, and Amazon's digital signature are stored in a block. There, the trade will probably join hundreds, or thousands, of others like it.

4. That block has to be given a hash. The cube can be given the hash of the latest block added to the block chain. After washing, the block could be added to the block chain.

When that block is added to the block chain, it becomes publicly available for everyone to see -- even you. If you have a look in Bitcoin's blockchain, you will realize that you have access to trade data, together with information about if ("Time"), where ("Height"), and from who ("Relayed From") the block has been added to the blockchain.

Anyone can see the contents of this block chain, but users can also choose to connect their computers into the block chain network.

Every computer in the block chain system has its own copy of the block chain, meaning there are tens of thousands, or in the event of Bitcoin, millions of copies of the identical block chain. Although each copy of this block chain is indistinguishable, spreading that data across a network of computers makes the data more difficult to manipulate. With blockchain, there is not a single, definitive account of events which can be manipulated. Rather, a hacker would have to control every copy of the block chain on the system.

Considering the Bitcoin blockchain, but you'll see that you don't have access to identifying information concerning the users making trades. Although transactions on blockchain aren't totally anonymous, personal information regarding users is limited to their electronic signature, or username.

This raises an important question: if you can't understand who is adding blocks to the block chain, how do you trust blockchain or the network of computers?

Blockchain technology accounts for the topics of trust and security in a number of ways. In other words, they are constantly added to the "end" of the block chain. If you have a look in Bitcoin's block chain, you will see that every block has a position on the series, known as a "height"

After a block has been added to the end of the block chain, it's quite tricky to return and change the contents of this block. That is because every block contains its own hash, together with the hash of the block before it. Hash codes are made by means of a math function that turns digital data into a string of letters and numbers. If that info is edited at all, the hash code changes also.

Here's why that is important to safety. Let us say a hacker tries to edit your trade from Amazon so that you really have to pay for your purchase double. The following block in the series will still contain the hash, and the hacker would have to update that block so as to cover their tracks. However, doing this would alter that block's hash.

So as to alter one block, then, a hacker would have to change each and every block following it on the block chain. Recalculating all those hashes would require an enormous and unlikely amount of computing power. To put it differently, once a block is added to the block chain it gets very tricky to edit and impossible to delete.

To address the dilemma of trust, blockchain networks have implemented evaluations for computers that need to join and add cubes to the series. The evaluations, known as "consensus models," require users to "prove" themselves before they could take part in a block chain network. Among the most frequent cases employed by Bitcoin is called "proof of work"

In the evidence of work system, computers need to"prove" that they've completed"work" by solving a complicated computational math issue. If a computer solves these problems, they become qualified to add a block to the block chain. In actuality, according to the blockchain news website BlockExplorer, the chances of solving these problems on the Bitcoin network were roughly 1 in 5.8 trillion in February 2019. To solve complicated math problems at those odds, computers need to run apps that cost them considerable amounts of energy and power (read: cash).

Proof of work doesn't make attacks by hackers hopeless, but it does make them somewhat futile. If a hacker wanted to coordinate an attack on the block chain, they would have to solve complicated computational science problems at 1 in 5.8 trillion chances just like everybody else. The expense of organizing such an attack will probably outweigh the advantages.

What is the Difference Between Blockchain and Bitcoin?

The objective of blockchain would be to allow digital data to be recorded and distributed, but not edited. That concept can be tricky to wrap our minds around without viewing the technology in action, so let's have a look how the oldest application of blockchain technology really works.

Blockchain technology was initially outlined in 1991 by Stuart Haber and W. Scott Stornetta, two investigators who wanted to employ a system where record timestamps couldn't be tampered with. However, it was not until nearly two years later, with the launching of Bitcoin in January 2009, that blockchain had its initial real-world application.

In a research paper introducing the electronic money, Bitcoin's pseudonymous founder Satoshi Nakamoto referred to it as "a new digital cash system that's fully peer-to-peer, without a trusted third party."

Here is how it works.

You've got all these people, all around the world, who've Bitcoin. According to some 2017 study from the Cambridge Centre for Alternative Finance, the amount may be as many as 5.9 million. Let us say one of the 5.9 million people want to devote their Bitcoin on grocery stores.

When it comes to printed money, using printed money is controlled and confirmed by a central authority, usually a bank or authorities -- but Bitcoin isn't controlled by anyone. Rather, transactions made in Bitcoin are confirmed by means of a network of computers.

When one person pays another for products using Bitcoin, computers on the Bitcoin network race to check the transaction. So as to accomplish this, users run a program on their computers and attempt to solve a complex mathematical problem, known as a "hash." In the event of Bitcoin, and most other blockchains computers which successfully verify blocks are rewarded for their labor with cryptocurrency. (For a more thorough explanation of affirmation, see: What's Bitcoin Mining?)

Although transactions are publicly listed on the blockchain, user information isn't -- or, at least not in full. So as to conduct transactions on the Bitcoin network, participants should run a program called a "wallet" Each wall is made up of two unique and different cryptographic keys: a public key and a private key. The public key is the place where trades are deposited to and pulled from.

Even if a user receives a payment in Bitcoins for their public key, they won't be able to draw them together with the personal counterpart. However, because of the complexity of the equation, it's practically impossible to reverse the process and generate a private key from a public key. Because of this, blockchain technology is deemed confidential.

Ten years have passed since the block chain has been conceived. Within this exponential growth, the assignment of money put on the block chain has shifted. The blockchain and the cryptocurrencies go beyond technological innovation; they're the chance to be free. This vision was lost, as a result of misinformation and ignorance. Today, the chance has returned.

Money always had two functions: to be a store of value and a trade instrument. Liracoin has a third goal: to eliminate the political and economic barriers to which we've been relegated.

We are at the start of a revolution. This is possible only by bringing together one great community-- the introduction of a decentralized financial system. Everybody has the right to select one's own money, the way to handle it, and with whom to share that, globally, with no territorial, governmental, and time constraints.

Liracoin is over a cryptocurrency--it's a community. It doesn't matter who made the money --what matters is how it works and its sharing possible, if people decide to adopt it. This is the reason why cryptocurrencies are unique and intriguing -- since we can select, unlike random currencies imposed by authorities.

People decide to adopt Liracoin because their own money since they're aware it'll be utilized more and more, consequently resulting in an ever-growing application. The more people use the money, the greater brands and stores will accept it as a way of payment, and the longer it's going to be recognized as such, the more its power increases. A cryptocurrency is not only an investment but can become a tool of normal life.

In a tide of thousands of cryptocurrencies, Liracoin gets the opportunity to exist in the future, as a result of its community. The community is an integral component for the success of this undertaking and each member since one common will create an indestructible force. Sharing Liracoin means contributing to the regaining of our right to our money, by producing this new financial system. Only those which have become the actual way of payment will endure the test of time. All the others will fail. This contributes to a requirement: to protect oneself by picking just the cryptocurrencies with the possibility of turning into a way of payment for all.

Public Keys and Private Keys ELI5: Explain it Like I’m 5

Here’s the ELI5 (“Explain it Like I’m 5”) version. You can think of a public key as a school locker and the private key as the locker combination. Teachers, students, and even your crush can insert letters and notes through the opening in your locker. However, the only person that can retrieve the contents of the mailbox is the one that has the unique key. It should be noted, however, that while school locker combinations are kept in the principal’s office, there is no central database that keeps track of a blockchain network’s private keys. If a user misplaces their private key, they will lose access to their Bitcoin wallet, as was the case with this man who made national headlines in December of 2017.

In the Bitcoin network, the blockchain is not only shared and maintained by a public network of users — it is also agreed upon. When users join the network, their connected computer receives a copy of the blockchain that is updated whenever a new block of transactions is added. But what if, through human error or the efforts of a hacker, one user’s copy of the blockchain manipulated to be different from every other copy of the blockchain?

The blockchain protocol discourages the existence of multiple blockchains through a process called “consensus.” In the presence of multiple, differing copies of the blockchain, the consensus protocol will adopt the longest chain available. More users on a blockchain means that blocks can be added to the end of the chain quicker. By that logic, the blockchain of record will always be the one that the most users trust. The consensus protocol is one of blockchain technology’s greatest strengths, but also allows for one of its greatest weaknesses.

Theoretically, it is possible for a hacker to take advantage of the majority rule in what is referred to as a 51% attack. Here’s how it would happen. Let’s say that there are 5 million computers on the Bitcoin network, a gross understatement for sure but an easy enough number to divide. In order to achieve a majority on the network, a hacker would need to control at least 2.5 million and one of those computers. In doing so, an attacker or group of attackers could interfere with the process of recording new transactions. They could send a transaction — and then reverse it, making it appear as though they still had the coin they just spent. This vulnerability, known as double-spending, is the digital equivalent of a perfect counterfeit and would enable users to spend their Bitcoins twice.

Such an attack is extremely difficult to execute for a blockchain of Bitcoin’s scale, as it would require an attacker to gain control of millions of computers. When Bitcoin was first founded in 2009 and its users numbered in the dozens, it would have been easier for an attacker to control a majority of computational power in the network. This defining characteristic of blockchain has been flagged as one weakness for fledgling cryptocurrencies.

User fear of 51% attacks can actually limit monopolies from forming on the blockchain. In “Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money,” New York Times journalist Nathaniel Popper writes of how a group of users, called “Bitfury,” pooled thousands of high-powered computers together to gain a competitive edge on the blockchain. Their goal was to mine as many blocks as possible and earn bitcoin, which at the time were valued at approximately $700 each.

By March 2014, however, Bitfury was positioned to exceed 50% of the blockchain network’s total computational power. Instead of continuing to increase its hold over the network, the group elected to self-regulate itself and vowed never to go above 40%. Bitfury knew that if they chose to continue increasing their control over the network, bitcoin’s value would fall as users sold off their coins in preparation for the possibility of a 51% attack. In other words, if users lose their faith in the blockchain network, the information on that network risks becoming completely worthless. Blockchain users, then, can only increase their computational power to a point before they begin to lose money.

How Can Blockchain Be Used in the Real World?

Blocks on the blockchain store data about monetary transactions — we’ve got that out of the way. But it turns out that blockchain is actually a pretty reliable way of storing data about other types of transactions, as well. In fact, blockchain technology can be used to store data about property exchanges, stops in a supply chain, and even votes for a candidate.

Professional services network Deloitte recently surveyed 1,000 companies across seven countries about integrating blockchain into their business operations. Their survey found that 34% already had a blockchain system in production today, while another 41% expected to deploy a blockchain application within the next 12 months. In addition, nearly 40% of the surveyed companies reported they would invest $5 million or more in blockchain in the coming year. Here are some of the most popular applications of blockchain being explored today.

Banks

Perhaps no industry stands to benefit from integrating blockchain into its business operations more than banking. Financial institutions only operate during business hours, five days a week. That means if you try to deposit a check on Friday at 6 p.m., you likely will have to wait until Monday morning to see that money hit your account. Even if you do make your deposit during business hours, the transaction can still take 1-3 days to verify due to the sheer volume of transactions that banks need to settle. Blockchain, on the other hand, never sleeps. By integrating blockchain into banks, consumers can see their transactions processed in as little as 10 minutes, basically the time it takes to add a block to the blockchain, regardless of the time or day of the week. With blockchain, banks also have the opportunity to exchange funds between institutions more quickly and securely. In the stock trading business, for example, the settlement and clearing process can take up to three days (or longer, if banks are trading internationally), meaning that the money and shares are frozen for that time.

Given the size of the sums involved, even the few days that the money is in transit can carry significant costs and risks for banks. Santander, a European bank, put the potential savings at $20 billion a year. Capgemini, a French consultancy, estimates that consumers could save up to $16 billion in banking and insurance fees each year through blockchain-based applications.

Cryptocurrency

Blockchain forms the bedrock for cryptocurrencies like Bitcoin. As we explored earlier, currencies like the U.S. dollar are regulated and verified by a central authority, usually a bank or government. Under the central authority system, a user’s data and currency are technically at the whim of their bank or government. If a user’s bank collapses or they live in a country with an unstable government, the value of their currency may be at risk. These are the worries out of which Bitcoin was borne. By spreading its operations across a network of computers, blockchain allows Bitcoin and other cryptocurrencies to operate without the need for a central authority. This not only reduces risk but also eliminates many of the processing and transaction fees. It also gives those in countries with unstable currencies a more stable currency with more applications and a wider network of individuals and institutions they can do business with, both domestically and internationally (at least, this is the goal.)

Healthcare

Health care providers can leverage blockchain to securely store their patients’ medical records. When a medical record is generated and signed, it can be written into the blockchain, which provides patients with the proof and confidence that the record cannot be changed. These personal health records could be encoded and stored on the blockchain with a private key, so that they are only accessible by certain individuals, thereby ensuring privacy

Property Records

If you have ever spent time in your local Recorder’s Office, you will know that the process of recording property rights is both burdensome and inefficient. Today, a physical deed must be delivered to a government employee at the local recording office, where is it manually entered into the county’s central database and public index. In the case of a property dispute, claims to the property must be reconciled with the public index. This process is not just costly and time-consuming — it is also riddled with human error, where each inaccuracy makes tracking property ownership less efficient. Blockchain has the potential to eliminate the need for scanning documents and tracking down physical files in a local recording offices. If property ownership is stored and verified on the blockchain, owners can trust that their deed is accurate and permanent.

Smart Contracts

A smart contract is a computer code that can be built into blockchain to facilitate, verify, or negotiate a contract agreement. Smart contracts operate under a set of conditions that users agree to. When those conditions are met, the terms of the agreement are automatically carried out. Say, for example, I’m renting you my apartment using a smart contract. I agree to give you the door code to the apartment as soon as you pay me your security deposit. Both of us would send our portion of the deal to the smart contract, which would hold onto and automatically exchange my door code for your security deposit on the date of the rental. If I don’t supply the door code by the rental date, the smart contract refunds your security deposit. This eliminates the fees that typically accompany using a notary or third-party mediator.

Supply Chains

Suppliers can use blockchain to record the origins of materials that they have purchased. This would allow companies to verify the authenticity of their products, along with health and ethics labels like “Organic,” “Local,” and “Fair Trade.”

Voting

Voting with blockchain carries the potential to eliminate election fraud and boost voter turnout, as was tested in the November 2018 midterm elections in West Virginia. Each vote would be stored as a block on the blockchain, making them nearly impossible to tamper with. The blockchain protocol would also maintain transparency in the electoral process, reducing the personnel needed to conduct an election, and provide officials with instant results.

What Are the Advantages of Blockchain?

For all its complexity, blockchain’s potential as a decentralized form of record-keeping is almost without limit. From greater user privacy and heightened security, to lower processing fees and fewer errors, blockchain technology may very well see applications beyond those outlined above. Here are the selling points of blockchain for businesses on the market today.

Accuracy

Transactions on the blockchain network are approved by a network of thousands or millions of computers. This removes almost all human involvement in the verification process, resulting in less human error and a more accurate record of information. Even if a computer on the network were to make a computational mistake, the error would only be made to one copy of the blockchain. In order for that error to spread to the rest of the blockchain, it would need to be made by at least 51% of the network’s computers — a near impossibility.

Cost

Typically, consumers pay a bank to verify a transaction, a notary to sign a document, or a minister to perform a marriage. Blockchain eliminates the need for third-party verification and, with it, their associated costs. Business owners incur a small fee whenever they accept payments using credit cards, for example, because banks have to process those transactions. Bitcoin, on the other hand, does not have a central authority and has virtually no transaction fees.

Decentralization

Blockchain does not store any of its information in a central location. Instead, the blockchain is copied and spread across a network of computers. Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change. By spreading that information across a network, rather than storing it in one central database, blockchain becomes more difficult to tamper with. If a copy of the blockchain fell into the hands of a hacker, only a single copy of information, rather than the entire network, would be compromised.

Efficiency

Transactions placed through a central authority can take up to a few days to settle. If you attempt to deposit a check on Friday evening, for example, you may not actually see funds in your account until Monday morning. Whereas financial institutions operate during business hours, five days a week, blockchain is working 24 hours a day, seven days a week. Transactions can be completed in about ten minutes and can be considered secure after just a few hours. This is particularly useful for cross-border trades, which usually take much longer because of time-zone issues and the fact that all parties must confirm payment processing.

Privacy

Many blockchain networks operate as public databases, meaning that anyone with an internet connection can view a list of the network’s transaction history. Although users can access details about transactions, they cannot access identifying information about the users making those transactions. It is a common misperception that blockchain networks like bitcoin are anonymous, when in fact they are only confidential. That is, when a user makes public transactions, their unique code called a public key, is recorded on the blockchain, rather than their personal information. Although a person’s identity is still linked to their blockchain address, this prevents hackers from obtaining a user’s personal information, as can occur when a bank is hacked.

Security

Once a transaction is recorded, its authenticity must be verified by the blockchain network. Thousands or even millions of computers on the blockchain rush to confirm that the details of the purchase are correct. After a computer has validated the transaction, it is added to the blockchain in the form of a block. Each block on the blockchain contains its own unique hash, along with the unique hash of the block before it. When the information on a block is edited in any way, that block’s hash code changes — however, the hash code on the block after it would not. This discrepancy makes it extremely difficult for information on the blockchain to be changed without notice.

Transparency: even though personal information on blockchain is kept private, the technology itself is almost always open source. That means that users on the blockchain network can modify the code as they see fit, so long as they have a majority of the network’s computational power backing them. Keeping data on the blockchain open source also makes tampering with data that much more difficult. With millions of computers on the blockchain network at any given time, for example, it is unlikely that anyone could make a change without being noticed.

What Are the Disadvantages of Blockchain?

While there are significant upsides to the blockchain, there are also significant challenges to its adoption. The roadblocks to the application of blockchain technology today are not just technical. The real challenges are political and regulatory, for the most part, to say nothing of the thousands of hours (read: money) of custom software design and back-end programming required to integrate blockchain to current business networks. Here are some of the challenges standing in the way of widespread blockchain adoption.

Cost

Although blockchain can save users money on transaction fees, the technology is far from free. The “proof of work” system that bitcoin uses to validate transactions, for example, consumes vast amounts of computational power. In the real world, the power from the millions of computers on the bitcoin network is close to what Denmark consumes annually. All of that energy costs money and according to a recent study from research company Elite Fixtures, the cost of mining a single bitcoin varies drastically by location, from just $531 to a staggering $26,170. Based on average utility costs in the United States, that figure is closer to $4,758. Despite the costs of mining bitcoin, users continue to drive up their electricity bills in order to validate transactions on the blockchain. That’s because when miners add a block to the bitcoin blockchain, they are rewarded with enough bitcoin to make their time and energy worthwhile. When it comes to blockchains that do not use cryptocurrency, however, miners will need to be paid or otherwise incentivized to validate transactions.

Inefficiency

Bitcoin is a perfect case study for the possible inefficiencies of blockchain. Bitcoin’s “proof of work” system takes about ten minutes to add a new block to the blockchain. At that rate, it’s estimated that the blockchain network can only manage seven transactions per second (TPS). Although other cryptocurrencies like Ethereum (20 TPS) and Bitcoin Cash (60 TPS) perform better than bitcoin, they are still limited by blockchain. Legacy brand Visa, for context, can process 24,000 TPS.

Privacy

While confidentiality on the blockchain network protects users from hacks and preserves privacy, it also allows for illegal trading and activity on the blockchain network. The most cited example of blockchain being used for illicit transactions is probably Silk Road, an online “dark web” marketplace operating from February 2011 until October 2013 when it was shut down by the FBI. The website allowed users to browse the website without being tracked and make illegal purchases in bitcoins. Current U.S. regulation prevents users of online exchanges, like those built on blockchain, from full anonymity. In the United States, online exchanges must obtain information about their customers when they open an account, verify the identity of each customer, and confirm that customers do not appear on any list of known or suspected terrorist organizations.

Security

Several central banks, including the Federal Reserve, the Bank of Canada and the Bank of England, have launched investigations into digital currencies. According to a February 2015 Bank of England research report, “Further research would also be required to devise a system which could utilize distributed ledger technology without compromising a central bank’s ability to control its currency and secure the system against systemic attack.”

Susceptibility

Newer cryptocurrencies and blockchain networks are susceptible to 51% attacks. These attacks are extremely difficult to execute due to the computational power required to gain majority control of a blockchain network, but NYU computer science researcher Joseph Bonneau said that might change. Bonneau released a report last year estimating that 51% attacks were likely to increase, as hackers can now simply rent computational power, rather than buying all of the equipment.

What's Next for Blockchain?

First proposed as a research project in 1991, blockchain is comfortably settling into its late twenties. Like most millennials its age, blockchain has seen its fair share of public scrutiny over the last two decades, with businesses around the world speculating about what the technology is capable of and where it’s headed in the years to come.

With many practical applications for the technology already being implemented and explored, blockchain is finally making a name for itself at age twenty-seven, in no small part because of bitcoin and cryptocurrency. As a buzzword on the tongue of every investor in the nation, blockchain stands to make business and government operations more accurate, efficient, and secure.

As we prepare to head into the third decade of blockchain, it’s no longer a question of "if" legacy companies will catch on to the technology — it's a question of "when."

Liracoin - The vision for the future

To look to the future, we recall the past. In 2009, Satoshi Nakamoto issued Bitcoin, an economic instrument based on trust that operates in a peer-to-peer system. It was created to put the power back in the hands of users. After ten years, the situation is the folllowing.
● 95% of people buy bitcoins and altcoins for speculation only.
● 95% of transactions occur through the exchange. The trading system is managed by exchanges, that have now become from intermediaries to “banks of digital money”.
● 80% of transactions through the exchanges are trading operations managed by computerised BOTs.
● 90% of mining POW is centralised by large mining farms.
● Large wallets centralising the wealth of a cryptocurrency and held by few users.
● Lack of knowledge about cryptocurrencies and the blockchain.
● Scarce and insufficient application of cryptocurrencies in everyday life.

This scenario is a weak, centralised, manipulable and highly controlled system.
Liracoin has been created with the aim of building the first ecosystem of peer-to-peer trading value that is decentralised in blockchains. People can access the ecosystem for free as ordinary consumers, with the possibility of accessing the services of the Liracoin community and becoming their own bank.
Liracoin commits to creating an efficient system of interaction between users for the transmission of value, data, and connections between users worldwide. An ecosystem that exists for the will of the participants, managed by the participants and with a real capitalisation.
The increase of the cryptocurrencies adoption, Liracoin, bitcoins and other altcoins, will happen through the creation of infrastructures managed by the Liracoin participants all over the world, where the average user can access horizontally and benefit from a decentralised and meritocratic infrastructure. The goal is to accomplish a shift-economy where Liracoin forms the basis of the world economy, attracting new users thanks to the training made by the ambassadors about the cryptocurrencies.

There are thousands of cryptocurrencies, but there are not enough information and training systems, aggregation and communication procedures between the users. If the goal is to transmit value, we need to teach its user to make the diffusion of the cryptocurrencies easier. What is unknown scares: clarity allows to set and achieve goals.
The goal is to lead people in a training path on the use of the cryptocurrencies. By opening a basic account on a node or on one of the applications, the client will be able to access the following services.

Financial transactions
● Liracoin SX (Smart eXchange)
● Wallet Multi Crypto
● Transactions between cryptocurrencies
● Local Lira
● Social lending
● Arbitration and Automated AI Prediction 

Commercial transactions
● Liracoin SGP (Smart Global Payment)
● Creation of a crypto e-commerce marketplace
● Lirapay payment services
● Mass dissemination tools for cryptocurrencies 
Data management and storage
● Database decentralisation within the nodes
● Anonymous and peer-to-peer transfer of information
Training on the node side
● Training
● Meetup
● Blockchain event 
Decentralised services
● Integration
● Encrypted messages
● Assets
● Currencies
● Crowdfunding
● Escrow
● Subscription
● Voting 

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