After ruling Libya for 42 years, his era of brutality and hegemony ended on Thursday, as Libyan fighters captured Col. Moammar Gadhafi in the town of Sirte. He was found hiding with others, in a hole, from where he was dragged through the roads and then brutally shot in his head. As soon as news of his death hit television and news channels, Libyans and supporters from all over the world started celebrating the end of the tyrant's reign.

With Gadhafi's death, Libya can now finally look forward to a new future; one devoid of the eccentricity and nepotism of its former ruler and can establish peace, freedom and democracy, believe experts.

It's time to start a new Libya, a united Libya, Prime Minister Mahmoud Jibril declared, One people, one future.

[This] is a momentous day in the history of Libya. The dark shadow of tyranny has been lifted. And with this enormous promise, the Libyan people now have a great responsibility -- to build an inclusive and tolerant and democratic Libya that stands as the ultimate rebuke to Qaddafi's dictatorship. We look forward to the announcement of the country's liberation, the quick formation of an interim government, and a stable transition to Libya's first free and fair elections, said U.S. President Barack Obama, making a statement from the White House Rose Garden.

According to latest reports, the Libyan government still has to decide on the place and process of burial but rumors are abuzz of a secret burial for Gadhafi.