LEGN – Legion Electronic Gambling Network
Legion Coin is an open source, peer-to-peer, decentralized cryptocurrency designed for the regulated online gambling industry. The global online gambling market is anticipated to generate revenues of more than $74 billion by 2023, growing at a CAGR of approximately 10% during 2017-2023. The Legion team would like to tap into this market by creating a secure and fun environment to play online casino type games, while using cryptocurrencies as payments.
The Legion Electronic Gambling Network is in the development phase and looking forward to bringing these products and services to it’s users:
• Online Betting
• Online Casino
• Online Lottery
The primary platform will be on Desktop application. Mobile applications will be considered as a future development.
Legion Coin is run on the Scrypt algorithm and was chosen for the ability to provide fast, secure, peer-to-peer transactions. The Scrypt algorithm also allows for blocks to be “mined/minted” through Proof of Stake (Pos) and Masternodes (MN). A masternode is a server on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. It can be used for features like direct send / instant transactions or private transactions.