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Alternative to Monero? Maybe (we do not have this pretencion), but a decentralized network with Big Blockchain ambitions: Yes, why not?

We are LiteMonero, a new crypto-currency that will not revolutionize, but bring more anonymity, security and fast transactions, all in a decentralized network without any owners, without governments dictating rules, much less abusive fees, the best part, everyone can join us, we are a Team.

Features:

• Untraceable Payments
• Fully Decentralized
• Unlinkable transactions
• Algorithm CryptoNight
• No Pre-Mining

LiteMonero Specification:

• Abbreviation: LXMR
• PoW algorithm: CryptoNight
• Max Supply: 177,520,000 coins
• Emission Speed Factor: 21
• Difficulty Target: 60 Seconds
• Fee:0.001
• P2P Port: 17000
• RPC Port: 17001

What is CryptoNight?
CryptoNote is the technology that allows creation of privacy-centric cryptocurrencies. You can visit their website here. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design. Bytecoin (BCN) was the CryptoNote reference implementation.

Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and one-time keys that make transactions unlinkable. Their combined effect gives a high degree of anonymity without any extra effort on the part of the user.

Unlike Bitcoin, your funds are not held in the address you give out to others. Instead, every time you receive a payment it goes to an unlinkable address generated with random numbers. When you decide to spend the funds in that one-time address, the amount will be broken down and the components will be indistinguishable from identical outputs in the blockchain.

For example if 556.44 LXMR are sent, the protocol will break it down into 500 + 50 + 6 + 0.4 + 0.04 and a ring signature will be performed with other 500's, 50's, 6's, 0.4's, and 0.04's in the blockchain. Unlike the "CoinJoin" mixing method, CryptoNote mixes outputs not transactions. This means no other senders need to be participating with you at the same time or with the same amounts. Any arbitrary amount sent at any time can always be rendered fundamentally indistinguishable (a mathematical proof is given in the white paper).

The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly as O(n+1) with the ambiguity so greater anonymity is paid for with higher fees to miners.

I like your attitude, but it is missing somethings. Where is your whitepaper, website, team behind?
Maybe you'll launch these info after october 12 right?

Thanks for the support  ;)

At the moment, we are in the structuring phase, website and other information will be announced after the release date.

Added to my watchlist!!!!

ticker symbol should be XMRL instead of LXMR, imho

I would invest into this if you have good team list with linkedin profiles and stuff :) maybe i would recommend to add 'no mining reward for first 1000 blocks' to reduce early mine rush scams and give time for the network to establish  :)
Cheers and good luck

Thank you, we will review.

I want to like Lite ;)

OMG, did you read my mind?  :o :D :D

The "L" a little bit more bold and in the background maybe?  8)

Added to my watchlist. I always appreciate a new project that avoids the ICO route.

is good in this way, only the MoneroLite that is in reverse, the correct would be 'LiteMonero'.

you can provide us the logo and, in return, we offer you some coins, what do you think??

(we like your initiative)

staying tuned. excited to start mining this!

Can we merge mine this with another cryptonight coin?

Thanks, ICOs are a good initiative, but will be restricted in some countries in the future (China is an example).

We are not sure, but we will check that this is possible.

Looks like you don't know what merge mining is.

some cryptonote coins are born and get dying. So hope this is the best one. I'll mine some when it launch. Good luck dev.

monero lite version? nice idea. looking forward for this coin like the real Monero.

nice idea. looking forward for the release.

yes I know, I just read wrong, thank you for alerting me.

You notice more crypto-currencies of cryptonight algorithm having fall because they are few compared to the scrypt algorithm, LiteMonero will have a different path.

I will be following this project. Good luck

thanks for your support  ;)

Good luck, guys!
Sounds great.Can the team behind the project be made known here?
finally, ok now take my money and make me rich

at the moment we are structuring, everything is being prepared, and surely there will be a mining pool for everyone to mine the coin with CPU or GPU

Why not monerolite?

Is there a White paper and since this is a POW are you planning on Masternode's ?

is there airdrop???

Yes, as the project grows, we will release information, the most important now, is the development of crypto-currency, we will have a lot of work to do.

Fan of Monero here. The name should be MoneroLite so it's much easier to gain attraction. Let's see what it will archive compares to Monero and Aeon, and Komodo (if I don't remember it wrong).

nice! i'm a fan already. good luck

We prefer LiteMonero because it is not associated with the original project of Monero.

Thanks for the recommendation, we will analyze the name, however we have already announced as LiteMonero  :(

yes we are planning a masternode, but for now we will focus on the basics.

So aside from the new trend of giving airdrops, another one is the coinage of two popular coins/tokens? Not bad though. Since they are already famous in the community, the marketing is not that difficult. Taking advantage of that is good though!  ;D

As cool as this is, LiteMonero should be using cryptolight instead of cryptonight then. Would make sense...

not for now, but we're reviewing all the ideas.

I love monero...so why don't love monero light? Any airdrop or bounty?

I can not wait for the launcher and make me rich ::)

Good work then, Alot of ideas have been bounced back and forth, one of them i'd like to bolster is the name. I do agree with MoneroLite and also XMRL. It will pull the necessary attention to this project,

Cheers!

add to my watchlist, i hope u have bounty or airdrop program to give.
thank in advance

followed, good luck with this project, waiting for more details in future  ;D

i don't know what merge mining is. what is it?

I wish maximum coin is much less than 177,520,000.

add to watch list first, wait till 12 Oct

Any bounties? I would like to translate it in to german.

Going to follow this. When are you going to release more details? I know the launch is on Oct 12, but any details before that?

Nice logo, except the 'L' looks kind of like it's just been plonked on top of it lol

Fix that and it'd look pretty sweet ;)

Staying tuned!! Any airdrops or bounties?

Basically, merge mining allows a miner to mine for more than one blockchain at the same time.

did we pass the test  ;)

Not for now, maybe we're thinking about doing this, but now we focus only on the basics.

haha! i was seriously asking. i can only get my cards at 41% with ccminer. i'd love to know how to get more out of them

Intrigued by the future of this coin. Definitely added to the watchlist.

Added to my watchlist
excited to start mining

Added to my watchlist, will keep an eye for more announcement.

On the 12 of October will we be able to mine LiteMonero with AMD GPU?
Thanks

Any pools going to be ready for release?

Will the wallet be released before the official release of the coin?

This guy was too impatient for the fun: https://bitcointalk.org/index.php?topic=2255657



Will there be a specific time given for launch of LiteMonero?

we have opened a new topic for the updated project.

https://bitcointalk.org/index.php?topic=2255657 (https://bitcointalk.org/index.php?topic=2255657)

Thanks.

we open another topic to finally announce the project, changed the name to Monero Lite (XMRL), such changes are necessary for the project to survive over time.

It seems like Ethereum classic?  ???
No airdrop here?

I will watching first look like interesting w name litemonero.

we have opened a new topic for the updated project.

https://bitcointalk.org/index.php?topic=2255657

Thanks.