Bitcoin Forum

Technical details:

Logos (short for Local Gold Standard) is an ASIC resistant, strongly decentralized cryptographic multi-signature coin.

Logos is based on the Vertcoin Scrypt-Adaptive-Nfactor algorithm, making Logos one of the most secure crypo-currencies in the world. The algorithm is the least vulnerable to a 51 percent attack.

Technical specifications:

• Algorithm: Scrypt-Adaptive-Nfactor
• Block time: 1 minute
• Difficulty refactor: Re-targets every block (Kimotos Gravity Well, KGW)
• Maximum coins: 2,000,000,000,000
• Mining launch date: 20 May 2014
• Logos decimal points: two decimal points
• Currency code: LGS

The short block generation time ensures confirmation of Logos transactions within 1 to 2 minutes.

To ensure continued transaction verification by miners the Logos block rewards increase on a quarterly basis over the next two years.

Number of Logos per block:

• Block 1: LGS 1,750,000.0M
• Blocks 20 May to 30 June 2014:   LGS 10,000
• Blocks 1 July to 30 September 2014: LGS 12,000
• Blocks 1 October to 31 December 2014: LGS 20,000
• Blocks 1 January to 31 March 2015: LGS 25,000
• Blocks 1 April to 30 June 2015: LGS 30,000
• Blocks 1 July to 30 September 2015: LGS 35,000
• Blocks 1 October to 31 December 2015: LGS 40,000
• Blocks 1 January to 31 March 2016: LGS 45,000
• Blocks after 1 April 2016: LGS 50,000

Block 1: The Logos Funds

• Logos Environmental Fund: LGS 250,000.0M
• Logos Seeding Fund: LGS 600,000.0M
• Logos Supporting Fund: LGS 600,000.0M
• Logos Development Fund: LGS 100,000.0M
• Logos Integration Fund: LGS 100,000.0M
• Logos Marketing Fund: LGS 100,000.0M
• =Total: LGS 1,750,000.0M

Links:

• SITE: WWW.LOGOSCOIN.ORG (http://WWW.LOGOSCOIN.ORG)
• WALLET: WINDOWS (http://www.logoscoin.org/download-links) - LINUX (http://64.34.219.28/logosapp-final) - MAC (http://64.34.219.28/logosapp-final.dmg)
• FORUM: WWW.LOGOSFORUM.ORG (http://WWW.LOGOSCOIN.ORG)
• MININGPOOL: WWW.LOGOSMINING.COM (http://logosmining.com/)
• BLOCK EXPLORER: WWW.LOGOSXPLORER.INFO (http://logosxplorer.info/)
• COMMUNITY: FACEBOOK (https://www.facebook.com/logoscoin) - TWITTER (https://twitter.com/logoscoin/)

NEWS UPDATES:

• 20/5/2014 - 20:25 :  LGS mined until tomorrow evening and during Test mining During after launch testing will be transferred to seeding fund. We will provide you with transaction ID ASAP.

2,000,000,000,000 coins  :o

no pre-ANN thread before launch, so dev can instamine this coin?

we have 2,000,000,000,000 coins, but only two decimals. So wider adoption means more coins in this case

reason of no pre-ANN is that we didn't want to make a noise before having everything ready and thus avoid postponing launch dates as it happens :) Of course we are mining to hold the network for security reasons, but all we mine until tomorrow evening will be sent to seeding fund as provided here in news. Everything can be tracked through the website so that it stays transparent in every way. ;)

please check block rewards strategy, this is not about dev instamining‏

Any block explorer ready?

2 Trilliion coins? I'm in!

Yes, it is ready here (http://logosxplorer.info/). Thanks for asking :)

Hmm block crawlers do not have total_coins in the api. Give me a shout when you are on marketcap, or ABE explorer is built ;)

It's been a long time since a trillion coin came in.

Nice, a new launch :). Will follow you LOGOS to see where you will set sail to :)

Imagine most of the coins that have 8 decimal places had only 2, most of them would have over a trillion‏ coins.

I'm puzzled.

There's supposed to be at least 18 people on this coin's team, and yet nothing seems to be happening.

No one posts here, there aren't any post in the dedicated forum...

What's happening?

2 Trillions, holy shit. Why so much. Is there any reason for this amount?

Yes you are right the team is wide, everybody focuses on different tasks. I believe there is a lot of things going on, you may check our projects HERE (http://www.logoscoin.org/funded-by-logos). There is also wide media coverage HERE (http://cointelegraph.com/news/111519/logos_the_new_cryptocurrency_that_can_be_mined_without_mining) is an example, but the mainstream and massive coverage is being prepared.

Anybody is welcome to apply for funding and there is a give-away that is yet to be announced.

Yes there certainly are reasons for that, as we mentioned in the upper reply, the main reason is that the currency uses only two decimal places so imagine most of the coins that have 8 decimal places had only 2, most of them would have over a trillion of coins.

Local Gold Satoshi

How does one get 300 LGS for free?

WTS 5,021,757 LGS.
Name your price.

Logos coin website is down but the blockchain is still working. Anyone know if LGS is dead?

too many coins.