Luckycoin Features
Advanced Checkpointing
Many coins in the altcoin space are susceptible to the infamous 51% attack. Even Bitcoin is only protected by it's high hash rate.
In contrast advanced checkpointing provides an effective protection against 51% attacks independent of the hash rate of the coin.
The technology was introduced by Peercoin and adapted for the Luckycoin in November 2013. Instead of manual checkpoints that require
a client update, advanced checkpointing automatically synchronizes checkpoints over the network at a predefined depth of the block chain.
The checkpointing system allows the block chain to resolve small forks on it's own without intervention, but enforces consensus if two
different chains grow too large.
Block Rate Limiter
The block rate limiter was introduced first in December 2013 by the Luckycoin to fight abusive multipool mining and prevent attacks on the
block chain that result in an unusually high block rates. The technology introduces a new network rule that allows only a maximum of six
blocks to be mined within a time span of 90 seconds. Additional blocks within the 90 seconds window are rejected. This makes flash mining
the Luckycoin uneconomical.
OpenSSL Heartbleed
The serious OpenSSL Heartbleed bug was fixed in the latest Luckycoin v1.0.1 release. The Windows LuckycoinQT wallet is now compiled with
the latest OpenSSL 1.0.1g release that fixes the bug.
Coin Distribution and Inflation
The Luckycoin implements an accelerated reward reduction scheme. The block reward halves once every 100,000 blocks. Over the last year
nearly 75% of all coins have been distributed via mining. The current coin production per day is worth about $100-$200 that has to be absorbed
by the exchanges.
