Lagum

Lagum is a cryptocurrency and a blockchain platform that aims to facilitate decentralized finance (DeFi) applications. Its core focus is on providing a scalable and efficient infrastructure for smart contracts and decentralized applications (dApps). The Lagum blockchain is built using a proof-of-stake consensus mechanism, designed to offer faster transaction speeds and lower fees compared to some earlier blockchain technologies.

The native token of the Lagum ecosystem is also called Lagum (LAG). This token serves multiple purposes within the network, including transaction fee payments, staking to secure the network, and participation in network governance. Holders of LAG tokens can vote on proposals that influence the future development and direction of the Lagum platform.

Lagum's development team emphasizes interoperability, aiming to connect with other blockchain networks and facilitate seamless asset transfers. This approach is intended to foster a more interconnected DeFi landscape. The platform supports the creation and deployment of various dApps, ranging from decentralized exchanges and lending protocols to non-fungible token (NFT) marketplaces. Security and user privacy are key considerations in the design of the Lagum protocol.