FAQs

LBN is an open blockchain network as an initiative designed to contribute to the digital transformation and innovation in Libya’s public and private sectors. Built as an EVM (Ethereum Virtual Machine) compatible blockchain, it supports the creation and execution of smart contracts, enabling decentralized applications (dApps) to run on the network.

Being an EVM chain means that LBN operates on the same principles and architecture as Ethereum network, allowing developers to deploy Ethereum-based smart contracts and dApps directly onto the LBN network without modification. This compatibility ensures seamless integration with existing Ethereum tools, SDKs, wallets, and infrastructure.

LBN being EVM compatible makes it uses same underlying blockchain technology to create a decentralized, secure, and transparent ledger of transactions. It employs smart contracts in the Solidity language to automate processes and enforce rules without the need for intermediaries. The network's consensus mechanism, validators, and nodes work together to maintain the integrity and security of the blockchain.

LBN is meant to be a launchpad for innovative projects so this will be left to the businesses and entrepreneurs to launch their ideas and concepts. However, some of the use cases that we expect to see built on the network include, national digital identity, tokenizations of assets, rewards systems, land registry, and portable and verifiable electronic health records. In order to show some of the possible use cases, we have implemented a proof of concept for two use cases; fuel subsidy distribution and mobile driving license and we are working with one of our strategic partners on a use case for verifiable health certificates that will come soon.

LBN logo is made of three elements: a small circle, a large circle, and a vertical rounded rectangle. The two Circles represent the openness of the network to all types of users • The small circle represents the individual — the citizen, entrepreneur, and small businesses. • The large circle symbolizes the collective — the nation, institutions, or the broader public. The Vertical Rounded Rectangle suggests stability, integrity, and structure much like the immutability of a blockchain ledger. The Shape as a Whole is a Stylized “A”, which stands for: • Access: universal access to digital services. • Accountability: every transaction is auditable. • Authenticity: verified digital identities and assets. • Advancement: a move towards a tech-forward nation.

The LBN Ghadames Testnet is a testing environment that mirrors the functionality of the main network. Developers and users can experiment with new applications, smart contracts, and features in a risk-free environment before deploying them on the mainnet. The Testnet uses test tokens, which have no real-world value, allowing for safe experimentation.

Being an EVM compatible chain you can use any wallet like MetaMask and add a new custom network using the setting in this picture

To obtain LBN testnet token you can click on the Faucet button at the top of the page or visit the faucet link (https://faucet.lbnchain.com), then enter the wallet address and click on request LBN Token. Once transaction is successful, 0.1 LBN will be sent to the provided wallet address. You can request multiple times but faucet might get rate limited.

To start using LBN, you'll need a compatible wallet that supports EVM chains. Create or import an Ethereum-compatible wallet (such as MetaMask) and connect it to the LBN network by adding the network's configuration settings (found in the explorer page). Once connected, you can interact with dApps, deploy smart contracts, or participate in the network as a user or developer.

A wallet in LBN (like any EVM chain) is a digital tool that stores your private and public keys, enabling you to interact with the blockchain. Your private key is used to sign transactions and should be kept secure, while your public key (or address) is used to receive transactions. LBN supports any wallet that is compatible with Ethereum, ensuring broad accessibility.

Developers can deploy smart contracts on LBN by writing contracts in Solidity (the same language used for Ethereum) and using Ethereum-compatible development tools like Remix, Foundry, or Hardhat. After development, contracts can be deployed on the LBN Testnet for testing, and then on the mainnet once launched.

Only testnet is currently launched and available for users and developers. Mainnet launch will be scheduled for later this year or early next year. Mainnet launch will be subject to how adoption and partnerships develop to ensure that mainnet launch is aligned with the launch of dapps and use cases that are at least in early stage.

Developers benefit from LBN’s EVM compatibility, allowing them to leverage existing Ethereum knowledge, tools, and libraries. Additionally, LBN offers lower (near zero) transaction fees, targeted towards the Libyan market, and the ability to contribute to a growing ecosystem within Libya, with the potential for broad impact on national infrastructure and services.

LBN employs the same advanced cryptographic techniques, decentralized consensus mechanisms adopted by EVM chains with continuous updates to the latest patches. In addition, LBN is built in support by some of the well known blockchain infrastructure providers with a network of geographically distributed nodes/validators to ensure the security and integrity of the blockchain.

Initially, LBN is ran by a team of closed partners but within the roadmap is to open the network for decentralized validators. To become a validator on LBN, you need to meet the hardware and software requirements, stake a certain amount of tokens, and run a node that participates in the network's consensus process. Validators play a crucial role in maintaining the network's security by validating transactions and adding them to the blockchain. Being a network targeted to certain market and geography, LBN will have limited set of validators and a rigorous vetting process for selecting validators.

No. While LBN testnet will have a token but as highlighted this is for testing purposes. For mainnet, the network will either use wrapped ETH version or a stable coin as token for paying transaction fees. We are working on investigating different new models for paying gas fees which will make sure that we adopt the ones that will offer near-zero transaction fees.