Topic: [ANN] LitecoinPLus wallet update - PoW added (Read 246 times)
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Founded in 2014 and initially developed as a Scrypt PoS coin, LitecoinPlus (LCP) effectively iterates on Litecoin's robust foundations with a host of important functional enhancements, enabling to focus on both security and sustainability of the ecosystem.
The decision to use PoS, which is intrinsicly a green algorithm (i.e. computationally not intensive), serves to future-proof the coin against debilitating energy requirements inherent in mass adopted PoW coins such as Bitcoin.
LCP was subsequently upgraded to a PoW/PoS hybrid, bolstering resistance to attack compared to coins that utilise PoW or PoS exclusively as well as empowering users with flexibility in how new coins are minted.
Low coin supply and healthy ratio of outstanding to total supply position LCP favourably with respect to long term stability and ultimately as a viable next generation commodity and store of value.
The decision to use PoS, which is intrinsicly a green algorithm (i.e. computationally not intensive), serves to future-proof the coin against debilitating energy requirements inherent in mass adopted PoW coins such as Bitcoin.
LCP was subsequently upgraded to a PoW/PoS hybrid, bolstering resistance to attack compared to coins that utilise PoW or PoS exclusively as well as empowering users with flexibility in how new coins are minted.
Low coin supply and healthy ratio of outstanding to total supply position LCP favourably with respect to long term stability and ultimately as a viable next generation commodity and store of value.
Specifications
- Scrypt Proof of Stake / Proof of Work hybrid
- Max supply: 4.000.000 (4 million)
- Transaction Time: 30 seconds
- Reward started at 2 LCP per block
Reduced by 0.25 LCP every 200,000 blocks down to a minimum of 0.25 LCP.
Projected 10+ years to fully mint total supply
Pools
Pos Information
- Interest rate (15% annually)
- Minimum age (6 hours)
- Maximum age (30 days)
Sample configuration
rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=44350
port=44351
gen=0
server=1
addnode=
rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=44350
port=44351
gen=0
server=1
addnode=
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