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Author Topic: [ANN] LiteBar (LTB) - Reborn  (Read 36699 times)
Spidersbox
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March 26, 2016, 11:22:28 PM
Last edit: February 21, 2020, 04:51:51 PM by Spidersbox
 #1

LITEBAR LTB    
 

This was relaunched - on April 4th, 2016

LiteBar is a digital commodity reared out of Litecoin. Similar to Litecoin, LiteBar is a open-source, uses p2p technology in order to function without any central authority, and relies on Scrypt algorithm as Proof of Work (POW).
LiteBar can be stored as a precious metal, used like an interest bearing account, or even exchanged as a global currency.
Moreover, Litbar was specifically designed to appreciate in value over time.


Website
https://litebar.co

Contact
Webmaster@litebar.co


SPECIFICATIONS
Algorithm: Scrypt as Proof of Work (PoW) protocol
Block Time: 3 minutes block target
Confirmations: 4 confirmations
Mined Confirmations: 90
Difficulty Retargets: Once per block (using Kimoto Gravity Well)
Total LiteBars Rewarded: 1350000 (1.35M) only. This is a rare bar!
Design Type: Linear designed litebar production (reward will halve once only to a minimum reward of 1 litebar)
NO PREMINE

 

BLOCK REWARDS
Starting blocks (7200 blocks over 15 days) = 5 units per block.
Block 7200 - 438000 = 2 units per block (halves once)
Block 438000 - 876000 = 1 unit per block

 

DOWNLOADS
Windows and macOS
please check the download section for most recent versions at https://Litebar.co

Source Code
https://github.com/Crypto-Currency/litebar.git

Sample litebar.conf
rpcuser=yourusername
rpcpassword=yourpassword
rpcport=9055
port=9056
daemon=1
server=1
addnode=192.99.176.2
addnode=88.206.187.247
addnode=162.255.117.105
addnode=95.46.98.75
addnode=185.93.68.25
addnode=71.220.202.209

PORTS
RPC Port: 9055
P2P Port: 9065

 

POOLS
CoinPool
hash-to-coins.com
SomeCoins

EXCHANGES
Unnamed.exchange
https://altmarkets.io/trading/ltbbtc

BLOCK EXPLORER
ltb.Altcoinwarz.com



SERVICES / OTHER
Discord
CryptoCoinTalk thread
Crypto-City.com
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March 26, 2016, 11:26:32 PM
 #2

Is this a new launch or a relaunch ? Or are there already blocks mined ??

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March 26, 2016, 11:29:41 PM
 #3

I like SCRYPT so will keep an eye on it.
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March 27, 2016, 02:44:53 AM
 #4

Nice work man,good to see Litebar coming back,thank you  Grin
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March 27, 2016, 02:51:35 AM
 #5

i will wait for the wallet so I can download and make some coins, hope this time the dev have strong plan for this coin.

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March 27, 2016, 03:02:14 AM
 #6

I understand correctly, it will restart the coin https://bitcointalk.org/index.php?topic=461108.0?
If so, I will be very glad!
I would like to see the complete road map.

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March 27, 2016, 03:43:25 AM
Last edit: March 27, 2016, 04:00:11 AM by Spidersbox
 #7

I understand correctly, it will restart the coin https://bitcointalk.org/index.php?topic=461108.0?
If so, I will be very glad!
I would like to see the complete road map.

Yes.
A continuation -or- rebirth of the almost dead litebar.

I would like to see a complete road map too  Smiley  but for now, I'm just trying to get it back up and running.

so far, there is a web site, and this new thread.
I found the source code for Litebar and will be working on that in the day or two to get an updated wallet ready for download.

Here are my plans so far:
1) Get an updated wallet - both github source for linux, and a windows-qt wallet for download.

2) Once wallets can connect, and have at least 4 connections - for 24 hours, I will submit the bar for listing at Cryptopia

3) ask people to vote at Cryptopia to get it listed. It will cost 5,000,000 DOTs for automatic listing.

If Litebar can do that, then the plans will be to continue with the wallet upgrades, and see about getting donations to cover the cost of a dedicated node (includes block browser) at http://cryptocoinexplorer.com/
This is where Litebar's big brother Bitbar has his   Smiley  it's $330 a year

Maybe down the road add PoS like Bitbar ??
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March 27, 2016, 03:45:26 AM
 #8

Nice work man,good to see Litebar coming back,thank you  Grin
They should do nicely to promote each other.
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March 27, 2016, 04:02:47 AM
 #9

Is this a launch or relaunch?

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Spidersbox
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March 27, 2016, 06:15:40 AM
 #10

I was a little vague about the PoS.
It would be like Bitbar - 5% yearly

I just don't understand these coins with such high PoS payout.
I mean, if a coin will self-generate massive amounts of coins, then why buy them ??
Sure, you have to get some at first - but then what?
With everybody staking and getting huge returns, how are you going to sell them when everybody else is staking and making huge returns.
I just don't get it.

I think a 5% interest gain makes it worthwhile to hold your wealth for long term, but doesn't cause a gluttony of 'free' coins in the market to lower it's value.

I just don't get it.
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March 27, 2016, 09:16:48 AM
 #11

High POS reward is a slowly dead.

You need normal buyers in the real world to survive with a good price a 1 coin...with high pos you need a lot of buying power otherwise the coins price slowly decrease to 1 satosh.

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March 27, 2016, 10:41:22 AM
 #12

It only cost 0.1 ($40) to get listed on Yobit, not much if your really dedicated to getting this coin relaunched. Yobit is a really good level entry point for coins. Coins can get some serious volume on there.
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March 27, 2016, 10:54:23 AM
 #13

It only cost 0.1 ($40) to get listed on Yobit, not much if your really dedicated to getting this coin relaunched. Yobit is a really good level entry point for coins. Coins can get some serious volume on there.

I agree, Yobit is an excellent starting point.
Are you going to get the old wallet working so people can trade their old coins, If so then Yobit is a much better idea than Cryptopia, it could take ages to vote it up and it might never make it up 0.1 BTC is nothing if you are holding alot of coins already. it would give you instant access to trading them.
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March 27, 2016, 04:01:44 PM
 #14

It only cost 0.1 ($40) to get listed on Yobit, not much if your really dedicated to getting this coin relaunched. Yobit is a really good level entry point for coins. Coins can get some serious volume on there.

I agree, Yobit is an excellent starting point.
Are you going to get the old wallet working so people can trade their old coins, If so then Yobit is a much better idea than Cryptopia, it could take ages to vote it up and it might never make it up 0.1 BTC is nothing if you are holding alot of coins already. it would give you instant access to trading them.
Yes.
The plan is to get the old wallet working - so I will definitely need people with wallets to stay in touch so we can get as much of the chain as possible.
Coinmarketcap has data on litebar up to Jan 4,2016 - so this looks promising  Smiley

Thanks for the suggestion about Yobit, I never heard of it.
I registered there and will be adding Bitbar later today, and litebar when possible.

The nice thing about Cryptopia is they make mining pools and block explorers for for most of the coins listed there.

I really need to setup donation addresses ...
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March 27, 2016, 04:06:48 PM
 #15

It only cost 0.1 ($40) to get listed on Yobit, not much if your really dedicated to getting this coin relaunched. Yobit is a really good level entry point for coins. Coins can get some serious volume on there.

I agree, Yobit is an excellent starting point.
Are you going to get the old wallet working so people can trade their old coins, If so then Yobit is a much better idea than Cryptopia, it could take ages to vote it up and it might never make it up 0.1 BTC is nothing if you are holding alot of coins already. it would give you instant access to trading them.
Yes.
The plan is to get the old wallet working - so I will definitely need people with wallets to stay in touch so we can get as much of the chain as possible.
Coinmarketcap has data on litebar up to Jan 4,2016 - so this looks promising  Smiley

Thanks for the suggestion about Yobit, I never heard of it.
I registered there and will be adding Bitbar later today, and litebar when possible.

The nice thing about Cryptopia is they make mining pools and block explorers for for most of the coins listed there.

I really need to setup donation addresses ...


addnode=mineblocks.no-ip.org:9065

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March 27, 2016, 04:09:57 PM
 #16

addnode=mineblocks.no-ip.org:9065
SWEET!
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March 27, 2016, 04:37:41 PM
 #17

Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 5 * COIN;
// first 15 days will dispose 5 coins per block = 7200 blocks (36000 coins)
if(nHeight>7200) nSubsidy = 2 * COIN;

    // Hereafter, subsidy is cut in half every 438000 blocks, which will occur approximately every 2.5 years and end at year 5
    nSubsidy >>= (nHeight / 438000);
   
return nSubsidy + nFees;

}
Absolutely 0% premine.
Good luck, Approved  Smiley

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March 27, 2016, 05:59:03 PM
 #18

addnode=mineblocks.no-ip.org:9065
SWEET!
added node to Litebar.co and updated the port number (is different from the original OP)
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March 27, 2016, 06:16:10 PM
 #19

Good luck with so-called rebirth!
Always glad to see devs who actually CARE bout coins doe :>
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March 28, 2016, 07:01:06 AM
 #20

addnode=mineblocks.no-ip.org:9065
SWEET!
added node to Litebar.co and updated the port number (is different from the original OP)


can't wait for the windows wallet. I'm so not a linux guy.

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