BitLitas
We introduce you the new Lithuanian cryptocurrency - BitLitas (LTL)
What is BitLitas?The Lithuanian Litas has been a distinct unit of currency during separate periods in its history until it was replaced by Euro in 2015.
Come 2018 - the 100 year anniversary of the restoration of independence for Lithuania, seeing the rise of multiple national cryptocurrencies and believing it has not only the right but also the potential to exist we resurrected Litas back to life as a digital cryptocurrency BitLitas (LTL). The currency based on blockchain technology.
By using the common European currency we are partly dependent on EU where the birth of Bitlitas if needed could return that monetary exchange power to people. In the wake of different cryptocurrencies in the world we think there's a demand and space in Lithuania for decentralized services. If needed it could bear the benefits of resisting the possibilities of government corruption where everyone could choose other means of exchange that ineffective government just can't control.
We do not want to reinvent the wheel and chose Cryptonight technology as the core because of its high privacy level. Transactions go through open ring, it is signed by 3-5 or more users and therefore the real sender can not be identified. The quantity of transaction is hidden too. Basically you could call it the Lithuanian hard fork of Monero which aims to be a fungible and untraceable digital medium of exchange and has a higher degree of privacy than Bitcoin blockchain where all the transactions of any participants are fully traceable and can lead to censorship of the assets. With BitLitas you have enhanced privacy, independent and decentralized system of free exchange medium.
Decentralized P2P cryptocurrencies do not belong to anyone. It is supported only by the initiatives of anyone wishing to participate in the open code community and only the holders of BitLitas determine its real market value ruled solely by the law of supply and demand. It can also be mined by anyone providing computing resources to support the network where everything gets determined by mathematical algorithm.
The number of people interested and getting involved is very promising. Even after simple steps in the near future such as spreading the word on social media we are definitely expecting to see a much bigger interest. We have ambitions to further develop and apply the exsisting BitLitas platform to be suitable and easily integrated for online retailing. There are many technological approaches that could allow to use the new Lithuanian cryptocurrency more easily and widely.
We learned there are many bright minds and crypto enthusiasts not only in Lithuania so we encourage them to come together, innovate, support the project join and benefit the open code community. If someone wishes to participate in development and improvement please don't hesitate to contact. Everyone is mostly welcome.
Specification- Max supply: 18M Coins
- Symbol: LTL
- Hash algorithm: CryptoNight (Proof-Of-Work)
- Block reward: 15.9x LTL (decreases each block)
- Block time: 60 sec
- Block Maturity: 60 blocks
Features- Anonymity & data protection
- Untraceable payments
- Unlinkable transactions with random data by the sender
- ASIC-resistant, only CPU/GPU mining
- Fast transactions
- Very low fees
Roadmap2018 Q1-Q4:- BitLitas blockchain launch
- BitLitas pool launch
- Windows wallet
- Linux wallet
- MAC wallet
- Android app
- iOS app
- Exchange listings
- Own exchange launch
- WooCommerce/PrestoShop/Magento/WHMCS[/OpenCart plugins
- Web wallet
Exchangehttps://nibyx.comBTC/LTL
LTC/LTL
GODE/LTL
DASH/LTL
Unofficial LTL trading
Discord ChannelLinksDonationDonations will be used to fund development and bounty/community projects
LTL: 439UJXHNUDDLwX3ip1J8UWMHB3wT5hmaT37LRswahuXNFcbriRfa9G5Kzpb7ziALrv81potK9amZKNm
3Yz5FFrhG1mubdMU
ETH: 0x2456e3Df3c822C0BD4208a310B822b8D4a5437A2
LTC: MWLQZYvpXfuCLJZh2L8nXEBdG7t8tFR1xv
Thank you!
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