LightVelocityCoin(LVC): descendant of Nxt --- 299,792,458 coins
"And God said, Let there be light: and there was light."
Open, Free and Fair Trade For All!
"One of the reasons LVC is groundbreaking is because it gives the economy back to the people and re-establishes them as their own sovereigns over their destiny. An economy is an expression of a political ideology. Do not mistake us as just another cryptocurrency.
We are a movement."
Complete Fair Distribution - Zero Cost Buy In!
There is no cost to acquire coins, only your interest would suffice! Post "interested" as below.
LVC is the first 100% Proof-of-Stake (PoS) currency. Coins are earned solely by charging transaction fees. Unlike other currencies with PoS mining, LVC's PoS mining does not cause monetary inflation. The total amount of LVC in circulation is 3 million. LVC is resistant to +90% attacks via its transparent mining algorithm.
LVC improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Time between blocks is one minute. This increases the rate of orphaned blocks, but makes it more convenient for the users.
LVC doesn’t use so-called “scripts” aka predicates. This simplifies and accelerates transaction processing. Advanced features like multisig will be created on top of the core as 3rd party services.
LVC is routable through Tor and I2P anonymous networks.
LVC improves on Nxt by providing the following enhancements:
Block Chain stored in database. Unlike Nxt, LVC does not fail due to out of memory errors.
Secure Wallet. Unlike Nxt, LVC does not expose the wallet to the open internet.
Bitcoin like Addresses. Unlike Nxt, LVC adds checksums to addresses so some random number can't be confused as being a NEX address.
Multi Precision arithmetic. Unlike Nxt, LVC allows up to 8 decimal places. Nxt does not have decimal places.
LVC supports the following features:
- Decentralized Alias System / DNS - Complete
Register names and assign them to URIs. URIs can be anything from web addresses to NEX account numbers. These aliases will be tradeable in the near future.
- Basic DDoS Protection - Complete
- Decentralized Asset Exchange / Colored Coins - Done, but not yet implemented.
This allows gateways to issue assets on the NEX network. These assets can include cryptocurrencies (BTC, LTC, etc), fiat currencies (USD, EUR, RMB, etc), stocks and other assets.
- Transparent Mining - Complete.
Transactions are encrypted. Only PoS block generator can decrypt transactions.
- Arbitrary Messaging - Complete. Implementation on block 40,000.
- Instant Transactions - Requires peer review
- Decentralized Marketplace / Auction - In progress
Buy or sell goods/services in a distributed manner. All listings are broadcast to all nodes on the network in P2P fashion.
- Distributed Storage - In progress
- Multi-signatures - In progress
- Blockchain Shrinking - In progress
- Two-phase Payments - In progress
Software supported escrow transactions
- Voting System - In progress
- Reputation System - Will be implemented after Voting System
Account trust rating system. Check if sellers on the distributed exchange have a good history, if stock issuers pay dividends and if gateways honor their asset redemptions.
- Decentralized Mixing Service - Concept not ready - Cryptographers please contact core dev team members
- Distributed Computing - Concept not ready
- Smart Contracts - Concept not ready
- Hardware Wallets - Conceptual Stage - Java smart card developers please contact core dev team members
- Advanced DDoS Protection: Project Kharon - Conceptual Stage - Neural net programmers please contact core dev team members
LVC need you to spread the words. The sources can be taken from NXT or its clone NEX
We inherit code from the "open source" or "decompiled" version of NXT
Unlike NXT, all the decompiled code can be found here:
https://github.com/slothbag/nxt-decompiled for your review and scrutiny.
Please Run a LVC Node
If you can run a LVC node, it will help us stabilize and secure the network. If you have invested in LVC, it is beneficial to you to run a VPS to help to secure the LVC network. Hallmarking your node helps the network, but is not necessary.
How-to directions on running a hallmarked VPS LVC node
Easily Deploy LVC on Thousands of your VPSs
How-to run LVC on your Raspberry Pi
LVC Videos
LVC Introduction
What is LVC? Discussion by Tai Zen and Leon Fu (24:56)
How to Mine LVC
How to Use LVC Client
How to Register Alias Tutorial
LVC Explained in Russian!
For all the hyper-links, you can go to our clone brother
https://bitcointalk.org/index.php?topic=422052.0Security Tips
- Do NOT use the passphrase for your LVC account on a VPS client. Only use your LVC passphrase on a local LVC client. Even if you connect to your VPS securely via SSH, you are still not safe because all VPSs have backdoors.
- 7874 (tcp) is used for P2P communication, the http web client and API commands. This is the only port that needs to be open to run LVC.
- 7875 (tcp) is used for the https web client.
Please leave a message here if you want a part of the 300million coins that will be issued! That's right there will be 3 million of LVC instead of 1 Billion. That's because we think NXT is like gold which can be used in valuable transactions meanwhile LVC is like silver and can be used in everyday.
