[ANN] [LYNX] Lynx (We fixed Kittehcoin!)

[aL33CtWW]

Lynx. Welcome to the evolution of Kittehcoin. Cryptocurrency from the past. Redesigned for the future.

v14.99 (current recommended version is v0.16.3.9 - earlier versions are no longer supported and pose a security risk)

An actively maintained downstream of Litecoin with the full blockchain history of Kittehcoin.

Official Website: https://getlynx.io
Official Twitter: @GetlynxIo (https://twitter.com/GetlynxIo)
Lynx Discord: https://discordapp.com/invite/5cM3NTF
Lynx Telegram: https://t.me/joinchat/AAAAAEBgedyWHIUjIbeG5Q
Best way to reach lead dev: b@getlynx.io or PM
Open Source GitHub: https://github.com/getlynx/Lynx

Current wallets for Windows, MacOS and Linux are available at https://getlynx.io/downloads/

Coin Specifications

Coin Type: Scrypt
Block Target: 30 seconds (decreased from 60s)
Total Coin Supply: 92,000,000,000 (increased from 25,000,000,000)
Difficulty Readjustments: Digishield (HF on block 1,838,000)
Block reward maturity: 1 week

Special reward system: No tiered block reward system, removed from LTC code.

Payout Schedule:
All blocks reward 1 Lynx + fees.

Resources

Official website:  https://getlynx.io
Block explorer:  http://explorer.getlynx.io
Lynx Cryptocurrency Installer for Raspberry Pi: https://github.com/getlynx/LynxCI

Exchanges

https://www.altilly.com/market/LYNX_LTC
https://novaexchange.com/market/LTC_LYNX/
https://blocknet.co/
https://enmanet.com/market/BTC-LYNX
https://mct.plus

Pool List

Multipool: https://www.multipool.us

Before mining our coin, consider reading our whitepaper. You will find that the Hybrid Proof of Work rules built into this project will force mining to always be unprofitable. Only application developers who build on Lynx, traders, builders and enthusiastic community members will wish to mine Lynx.

DNS Seed list been updated, wallets should seed accordingly now.

Current Seed List

About:

In 2017, our team upgraded and rebranded an existing coin (Kittehcoin/MEOW) as Lynx. How? We successfully forked Litecoin and ported the Kittehcoin blockchain history to it. This gives Lynx all the benefits and up-to-date security features of Litecoin with the full transaction history of Kittehcoin. These upgrades fixed the flaws in the original coin and revived its community of users. It’s cryptocurrency from the past; redesigned for the future.  

Why did we fix an old coin? Rather than start from scratch and drift alone at sea, we thought it would be more interesting to support an existing and established community. We figured: why build an audience from scratch when one already exists?

What problem does Lynx solve? Unlike many other coins, Lynx is eco-friendly and requires miniscule energy consumption (and technical expertise) to mine the coin. At Lynx, we believe that for cryptocurrency to be considered a secure, financial solution for today’s global marketplace, it must be created with global sustainability in mind. The energy costs of high-volume mining rigs are too demanding and they create an over-reliance on fossil fuels. Lynx business rules discourage high-volume mining rigs because our code purposefully lacks incentives to mine it for profit. Here are some of the business rules that help us achieve this goal:
 
1. The mining reward takes one week to “mature.”
2. The individual mining reward is only 1 Lynx (+ fees).
3. The cost of a transaction is 0.0001 Lynx/kb.

We designed Lynx to have minimal environmental impact because we’re committed to creating global solutions and maintaining a small carbon footprint. Lynx business rules encourage the use of low-cost computing (like a Raspberry Pi which only consumes less than 3 watts of electricity) to mine the coin. As a result, the electrical cost to maintain the Lynx network is a fraction of a fraction which results in a low environmental impact. The emphasis on low-cost computing also creates a decentralized, broad miner base which also strengthens the stability and security of the currency.

What makes Lynx cryptocurrency unique?

In addition to fixing an old coin (Kittehcoin) and making it eco-friendly, Lynx was designed with techies (high-end developers and programming experts) and non-techies in mind. In fact, we know there are more non-techies in the world than technical experts (!), and we wanted to provide them with an opportunity to get involved in Lynx behind-the-scenes. Our goal is to build an inclusive community that welcomes everyone to participate in the project. It’s one of the reasons we resurrected an old coin instead of building a new one from scratch. Our philosophy is a rising tide lifts all boats; the more people share the same goal, the better it is for everyone involved.

The “Lynx Cryptocurrency Installer” mines Lynx, securely confirms global transactions (yes, it’s a full node) --  and the best part? Anyone can set it up because it runs on a Raspberry Pi.

https://github.com/getlynx/LynxCI

[edited Mar 9, 2018 - added 2 exchanges]
[edited Jun 12, 2018 - updated incorrect transaction fee, notes about redundant block explorer and block reward]
[edited Jun 17, 2019 - updated github links, updated seed nodes, updated/added exchange list]

[mammothine]

Congrats on this project! It's great to see Kittehcoin get fixed and running with a purpose. Can't wait to fire up my Raspberry Pi!

[MacronMiner]

How much premine ? Richlist shows an account with 14104000000.00000572 LYNX
http://explorer.getlynx.io/richlist

[HotSwapp]

A pool to add to the listing once the chain finishes downloading.

LuckyAltcoin

Code:

-o stratum+tcp://pool.luckyaltcoin.com:3433 -u <WALLET_ADDRESS> -p c=LYNX

[CaVO32]

what's the purpose again of this coin? yes, you revived it from kittehcoin, but this one is for trading only from what i deduced? and the billion supply, this will be very cheap.

[four3200]

what's the purpose again of this coin?

There is a case use built into the brandname.

Website crossLYNX.
Basically paid adverting or linkback placements.
(payment automated per click) maybe.  else just placement fee.

CASE-USE-ONE

[boelle]

@aL33CtWW


How did you solve the "creating something from nothing" dilemma?

and how much is pre-mined? and how much of the mined coins are in the hands of the people behind lynx?

[sunk818]

to me a macOS wallet is always a good sign for a cryptocurrency. A developer with any modicum of skill should be able to release a macOS GUI binary. So many shitcoins just give you a mega.nz download link for a Windows binary and that's it.

[sunk818]

If you wanted to be eco-friendly, why not Proof of Stake (PoS) or different algorithm like scryt-n, neoscrypt, or other ASIC-resistant algorithms? Kind of seems rigged at this point to have 1 LYNX mined when there was a hard fork from Kitteh where the mining reward scheme was completely different.

Who'd want to mine 1 LYNX at a time? Even if you mined all blocks in a day, 2880 blocks, even at $0.01 a LYNX, that's $28.80. The mining incentives are just all wrong and completely skewed towards someone who owned KittehCoins.

[mammothine]

as much as i would love to herd kittehs with raspberry pi's, i fear i must agree with the above assessment.

that being said, i am sure lots of users will run ur iso in the wild, if only to mine with a rpi. therefore i wish you the best of luck!

You should watch the interview from about a week or so ago. Dev team has more plans than just raspi mining for mining's sake. Not sure any of it will come true, but he's delivered everything promised so far.

[zinetadata]

nothing addnode?

[HotSwapp]

nothing addnode?

you can add luckyaltcoin.com as a node.

[aL33CtWW]

How much premine ? Richlist shows an account with 14104000000.00000572 LYNX
http://explorer.getlynx.io/richlist

Our development team has no part in a premine. If the original dev team did one in 2013, we weren't part of it. It is likely that address belongs to the exchange Cryptopia. -ben

[aL33CtWW]

If you wanted to be eco-friendly, why not Proof of Stake (PoS) or different algorithm like scryt-n, neoscrypt, or other ASIC-resistant algorithms? Kind of seems rigged at this point to have 1 LYNX mined when there was a hard fork from Kitteh where the mining reward scheme was completely different.

Who'd want to mine 1 LYNX at a time? Even if you mined all blocks in a day, 2880 blocks, even at $0.01 a LYNX, that's $28.80. The mining incentives are just all wrong and completely skewed towards someone who owned KittehCoins.

Sun, The objective was to take the economics of the mining for profit concept and turn it on it's head. No one that mines this coin will make money (at least with the current valuations on the street). If the miner is interested in mining for profit, lots of of other coins are great candidates for this. The competition for more hashing power begins and an economically inefficient project unfolds. Our concept is to make it so easy for holders and interested parties to participate in this coin, and at such a low cost, that the barrier to entry would be the lowest that we could find in this space. Instead of feeding a few pigs in a sty, we are feeding bees in a hive. This provides a far more stable platform to build upon. This is the concept at least. It is often forgot in this space that no relationship exists between mining hash power and the ability for the average block time to be met - as long as the hashing power is somewhere between zero and infinity. For a long term sustainable emerging coin concept like ours, our bet is to be closer to zero then infinity. -ben

[yume91]

Total supply: 92 million
Launched 5 days, the current coin is 77 million?
What is that?

[sunk818]

Total supply: 92 million
Launched 5 days, the current coin is 77 million?
What is that?

25 billion to 90 billion. The hard fork from kitteh coin (meow) means all previous owners of the coin got airdrop. So, I imagine 77/90 billion is same as previous circulating supply.

I reread reward so it seems reward is 1 lynx per Kb. So you cap it at 10. Got it.

Script allows asic miners. Is your structure enough to stop asic mining? Multi pool.us has 2gh/s. Your raspberry pi can't mine rewards, just distribute the block chain.

So you suggest we should buy on exchange as the way to get coins?

Can we buy hosting on your site with lynx?

[aL33CtWW]

"Can we buy hosting on your site with lynx?"

Ha, That is a great question and one that none of my customers have asked me yet. I suppose yes, you could! I'd be open to it. We have many customers that pay for a year in advance for 13 months of service. We provide that discount as a reward for the advance payment. IT is non-refundable though, but we have a great reputation and I'm happy to provide references. If this is of interest to you, let me know via DM. https://deliverypath.com

[Turrican]

New Wallet ?

http://cdn.getlynx.io/Wallets/2018-02-15/Win64/lynx-qt.exe is Version 0.15.0.1 put on the Page is 0.14.99 ?

i try 0.15.0.1 running ... i go back to 0.14.99 ... the database is now corrupted ?

[Turrican]

New Wallet ?

http://cdn.getlynx.io/Wallets/2018-02-15/Win64/lynx-qt.exe is Version 0.15.0.1 put on the Page is 0.14.99 ?

i try 0.15.0.1 running ... i go back to 0.14.99 ... the database is now corrupted ?

ok now correct on the homepage   0.15.0.1 is the new one

[vaelrock]

If you wanted to be eco-friendly, why not Proof of Stake (PoS) or different algorithm like scryt-n, neoscrypt, or other ASIC-resistant algorithms? Kind of seems rigged at this point to have 1 LYNX mined when there was a hard fork from Kitteh where the mining reward scheme was completely different.

Who'd want to mine 1 LYNX at a time? Even if you mined all blocks in a day, 2880 blocks, even at $0.01 a LYNX, that's $28.80. The mining incentives are just all wrong and completely skewed towards someone who owned KittehCoins.

Sun, The objective was to take the economics of the mining for profit concept and turn it on it's head. No one that mines this coin will make money (at least with the current valuations on the street). If the miner is interested in mining for profit, lots of of other coins are great candidates for this. The competition for more hashing power begins and an economically inefficient project unfolds. Our concept is to make it so easy for holders and interested parties to participate in this coin, and at such a low cost, that the barrier to entry would be the lowest that we could find in this space. Instead of feeding a few pigs in a sty, we are feeding bees in a hive. This provides a far more stable platform to build upon. This is the concept at least. It is often forgot in this space that no relationship exists between mining hash power and the ability for the average block time to be met - as long as the hashing power is somewhere between zero and infinity. For a long term sustainable emerging coin concept like ours, our bet is to be closer to zero then infinity. -ben

I'm a very old holder of MEOW (and thus LYNX) so I don't want to hurt this project in any way, but the very reason that there should be an economic incentive to mine a PoW coin and the reason why Bitcoin is a reward for mining in the first place is because by creating competition, you encourage decentralization and thus network stability.
Having no significant reward implies that nearly no one will mine this coin and you could have one entity with 90% of the network hashrate that could attack the network as he see fit. Even without evil intention, if a big miner just hop in and out, Digishield or not, the network could easily fork. Also, having a potential "official" miner with all the hashrate from the dev team isn't a solution as its the opposite of what cryptocurrencies are. The only true solution to be energy efficient is PoS.

As a comparison :
- Current BTC reward is 12.5 BTC every 10mn, or 1800 BTC per day.
  Current circulating supply is 16,873,100 and market cap is $178 billion.
  -> BTC mining is a $18 million market per day.
- Current LYNX reward is 1 LYNX every 30s, or 2880 LYNX per day.
  Current circulating supply is 77,871,394,926 and let's say its market cap will suddenly pump to $1 million (currently $200k).
  ->LYNX mining would be a $0.037 market per day.
Even if the LYNX market cap was equal to BTC, mining market would be a meager $6600 per day. Do you really believe BTC could have a stable network if the incentive to mine it would be this low ? It's the price of 3 Antminer S9.

This might appear unfortunate, but for PoW coins, network stability is only done through competition. If you do not want competition and simply reward MEOW owner, switching to PoS with a very low inflation rate makes much more sense.