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0L Network

LIBRA
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- (24h)

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Shariah Analysis

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Last Screening: Q1 2024

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About 0L Network

0L Network (LIBRA) is a Layer 1 blockchain protocol forked from Diem, originally developed by Meta (formerly Facebook). Launched in 2021, it uses the Move programming language, which emphasizes security in adversarial environments. 0L Network is entirely community-governed, with no venture capital influence, dedicated labs, or foundation, making it fiercely independent. All LIBRA coins were mined, with no pre-mining or dedicated allocations, and by December 2023, the total supply had been issued, making it deflationary. The network operates under the Proof of Fee consensus mechanism, rewarding community members for contributing to the ecosystem and network improvements.

Consensus Mechanism

Proof of Fee