# Welcome

**What Is LaChain?**

LaChain is a blockchain that was designed to tackle the urgent economic problems that are common in Latin America. The platform is built to host use cases that are specially crafted to meet the particular difficulties that local businesses and individuals face such as:

* Local stablecoin transactions
* Reserve of value.
* Retail payments.
* Settlement of international transactions and remittances.
* Decentralized Identity Systems (DID)

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**Why LaChain?**

The blockchain technology is ready to take off as an internet-like network of interconnected networks. A large quantity of block space is required to achieve scalability, and through an organic process called sharding, blockchains can develop a complex web of interconnected spaces to help with their scalability. With the arrival of LaChain, Latin America, an emerging market, justifies having its own dedicated block space. This will allow the region to utilize the advantages of blockchain technology more effectively and in a way that is tailored to regional demands.

LaChain offers the Latin American crypto ecosystem a unique value proposition: high-quality, low-cost blockchain services and infrastructure that allows projects to deploy dApps, test products before launch, with good performance, fast speeds and low fees.‍

Technical Features

* It is a layer one (LI) built using Geth, the technology of the Ethereum network.
* Compatible with EVM (Ethereum Virtual Machine).
* Its native coin is LaCoin (LAC), a non-inflationary currency with which the user pays fees related to transactions requested using LaCoin.
* So far It uses a Proof of Authority consensus mechanism, later it will be change to Proof of Stake

**Find out more about the project**

**- Cryptodollar (UXD):** Digital asset designed to maintain parity with the US dollar, developed 100% on LaChain. It is listed on Ripio with the main purpose of crypto-dollarizing our users' wallets. Learn more at [https://www.ripio.com/ar/criptodolar-uxd/ ](<https://www.ripio.com/ar/criptodolar-uxd/ >)

**- Native integration with Fireblocks:** Allows LaChain users to manage their digital assets securely and developers to build within a trusted ecosystem. This integration reaches native LaChain tokens, such as UXD.

**- Acceleration program for developers (LAceleradora):** In the second edition of the program, we want to promote careers, accelerate projects and contribute to the development of solutions that promote the adoption of blockchain technology in the region.‍

LaChain is created in LATAM, by LATAM and for LATAM. We invite you to be part of the project and continue promoting our region.

👉 Get to know more about LaChain <https://www.lachain.network/> &#x20;

👉 Follow us on: <https://x.com/LaChain_Network> &#x20;

👉Join LaChain Discord: <https://discord.gg/pxGXnApgQ7>&#x20;

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