#
LiteChain [XLN]
Copyright (c) 2018 The LiteChain Project
Copyright (c) 2014-2017, The Monero Project
Portions Copyright (c) 2012-2018, FndNur1Labs / CryptonoteEvo##
Development Resources- Web: https://LiteChain.online- GitHub: https://github.com/LiteChain- Mail: litechain2018@gmail.com- Telegram: https://t.me/LiteChain_EN- Blockexplorer: https://explorer.litechain.online##
IntroductionLitechain is a private, secure, untraceable cryptocurrency.We bring the best from the whole cryptonight space, both from Monero and Electroneum. In Litechain You are your bank, you control your funds, and nobody can trace your transfers unless you allow them to do so. Litechain is a soft fork of monero trying to implement the best of proposals in the entire privacy coin ecosystem.
**Features:** P2P distributed seed lists are the next target after that. All this coupled with the below given features will make Litechain one of the best cryptocurrencies on the market.
**Privacy:** Litechain uses a cryptographically sound system to allow you to send and receive funds without your transactions being easily revealed on the blockchain (the ledger of transactions that everyone has). This ensures that your purchases, receipts, and all transfers remain absolutely private by default.
**Security:** Using the power of a distributed peer-to-peer consensus network, every transaction on the network is cryptographically secured. Individual wallets have a 25 word mnemonic seed that is only displayed once, and can be written down to backup the wallet. Wallet files are encrypted with a passphrase to ensure they are useless if stolen.
**Untraceability:** By taking advantage of ring signatures, a special property of a certain type of cryptography, Litechain is able to ensure that transactions are not only untraceable, but have an optional measure of ambiguity that ensures that transactions cannot easily be tied back to an individual user or computer.
**Timeline:** We are working in Quarter 2 of 2018 on a GUI and CLI wallet for Windows and Linux in Q3 we want to fork to V7 cryptonight algoritm. Q4 we wand to expand on more exchanges.
## About this ProjectThis is the core implementation of Litechain. It is open source and completely free to use without restrictions, except for those specified in the license agreement below. There are no restrictions on anyone creating an alternative implementation of Litechain that uses the protocol and network in a compatible manner.
As with many development projects, the repository on Github is considered to be the "staging" area for the latest changes. Before changes are merged into that branch on the main repository, they are tested by individual developers in their own branches, submitted as a pull request, and then subsequently tested by contributors who focus on testing and code reviews. That having been said, the repository should be carefully considered before using it in a production environment, unless there is a patch in the repository for a particular show-stopping issue you are experiencing. It is generally a better idea to use a tagged release for stability.
**Anyone is welcome to contribute to Litechain's codebase!** If you have a fix or code change, feel free to submit it as a pull request directly to the "master" branch. In cases where the change is relatively small or does not affect other parts of the codebase it may be merged in immediately by any one of the collaborators. On the other hand, if the change is particularly large or complex, it is expected that it will be discussed at length either well in advance of the pull request being submitted, or even directly on the pull request.
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