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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1286907 times)
worthy1
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May 17, 2017, 07:09:59 AM
 #3481

Its good to see more places doing it, not common in Australia but found this one when searching for some stuff for my car. Dont see it often! https://www.facebook.com/supremevinyl
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Perryl
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May 17, 2017, 07:11:30 AM
 #3482

lol, when this coin was $3 a coin all I was thinking was "too late, don't bother".

Now, the regret sinks in. lol. Gotta laugh it off, though. We're here to take risks, right? Good luck with segwit, interesting to see what will happen.

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May 17, 2017, 09:29:25 AM
 #3483



http://i.imgur.com/rMfoHvG.jpg

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May 17, 2017, 01:39:18 PM
 #3484

LTC is increasing along with BTC which is good!

LAst chance to  get sub $30 coins for the last time. LTC has real world usage and it will boost to #2 very quickly leaving just LTC and BTC to battle it out  Smiley

lol it's barely staying above 24$ and will drop to 20$

Now you have the chance to get cheap coins  Wink Wink Wink

cheap my butt, cheap is when it hits 4$ again everyting else is overpriced. not gonna buy your bag  Grin

4$ ? When will it be ?  Grin Grin

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May 17, 2017, 01:45:22 PM
 #3485

Litecoin Roadmap 2017 https://litecoincore.org

minime0105
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May 17, 2017, 01:49:01 PM
 #3486

LTC is increasing along with BTC which is good!

LAst chance to  get sub $30 coins for the last time. LTC has real world usage and it will boost to #2 very quickly leaving just LTC and BTC to battle it out  Smiley

lol it's barely staying above 24$ and will drop to 20$

Now you have the chance to get cheap coins  Wink Wink Wink

cheap my butt, cheap is when it hits 4$ again everyting else is overpriced. not gonna buy your bag  Grin

4$ ? When will it be ?  Grin Grin
Its crazy, 4$ is already lost in time, like for phones and other gadgets, already phased out. But I still believe the boom of Ltc is when it goes beyond the shadow of BTC already,

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worthy1
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May 17, 2017, 10:14:23 PM
 #3487

Well its time to move then Litecoin. Small increase along with BTC so lets hope it keeps up!
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May 17, 2017, 10:18:59 PM
 #3488



Litecoin Roadmap 2017 https://litecoincore.org

We'll keep this close at hand for reposting when people are asking why LTC is trading at $400 USD.   Grin


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May 17, 2017, 11:48:25 PM
 #3489

Bitfury Tests Litecoin Multihop Lightning Transaction :  https://www.youtube.com/watch?v=KZCAdUe1uNk&feature=youtu.be   

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May 18, 2017, 12:31:11 AM
 #3490



Litecoin Roadmap 2017 https://litecoincore.org

We'll keep this close at hand for reposting when people are asking why LTC is trading at $400 USD.   Grin

Essential reading: Litecoin Road Map 2017

... Just in case you missed the link:
                                                                 Roll Eyes
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May 18, 2017, 06:35:07 AM
 #3491

LAUNCHED

Download the binaries from: http://litecoin.org
Check out the source: https://github.com/litecoin-project/litecoin
Wiki: http://litecoin.info
Forum: http://forum.litecoin.net/



Litecoin is the result of some of us who joined together on IRC in an effort to create a real alternative currency similar to Bitcoin.  We wanted to make a coin that is silver to Bitcoin's gold.  Various alternative currencies have come and gone.  Some brought innovation, but they all had problems.

  • ixcoin - Nasakioto premined 580k coins. Seemed like a pump and dump. Competed with Bitcoin for GPU resources - Dead (~2 gh/s)
  • i0coin - Basically ixcoin without the premine. Not much support was given to this coin after it was released. - Dead (~5 gh/s)
  • SolidCoin - Innovative quick transaction times. Appears to have been run aground by CoinHunter, its creator, due to insecure changes and immature forum presence. - Dead, shutdown by CoinHunter
  • GeistGeld - Lolcust premined 7.7 million coins.  15 second block time is probably a bit extreme. - Alive, but limping (~15 gh/s)
  • Tenebrix - Lolcust premined 7.7 million coins.  CPU proof of work using scrypt is very innovative.  Price doing fairly well on btc-e.com. - Alive (~0.003 gh/s)
  • Fairbrix - Basically Tenebrix without the premine.  First launch was crippled due to bad config.  Relaunch attacked initially - Doing OK now, but no exchange so far. - Alive, but limping (~0.0001 gh/s)

We wanted the best innovations of Bitcoin and these other currencies to create a coin with all of their benefits, but nearly none of their problems.

Proof of Work

We really liked Tenebrix's Scrypt proof of work.  Using Scrypt allows one to mine Litecoin while also mining Bitcoin.  We humbly offer a big thanks to ArtForz for the implementation.

Premines

Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

Fast transactions

We were impressed by the convenience of SolidCoin's fast transactions.  Although we know that fast confirmations are not necessarily as secure as Bitcoin's slower confirmations, they are very convenient for small merchants who don't need transactions to be super secure. The average Litecoin block takes 2.5 minutes, one quarter of Bitcoin's 10 minutes.  So if merchants wanted to be as safe as Bitcoin, they can wait for 4 times the number of Litecoin confirmations as compared to Bitcoin. But most merchants can readily accept 1-confirmed transactions for small amounts of litecoins.

Difficulty retarget

We will keep the retarget block the same as Bitcoin's 2016, but because blocks are found 4 times faster, difficulty will retarget about every 3.5 days.  The combination of fast retarget times and Scrypt proof of work (Litecoin will not compete with Bitcoin for miners) means we expect to not see the sort of problem Namecoin encountered; hashing power that leaves more suddenly than it came, causing a high difficulty slog for everyone who stayed.

Coin generation

Miners will generate 50 coins per block.  In light of our faster blocks, to properly mimic Bitcoin's generation trajectory, we needed to change the blocks at which coin generation is halved.  Bitcoin generation is halved every 210,000 blocks.  Litecoin generation will be halved every 840,000 blocks.  For those of you doing the math, Litecoin is scheduled to produce roughly 4 times as many coins as Bitcoin, about 84 million litecoins.

Fairness

We have come up with a plan that we believe is most fair.  Some previous coins were released without Windows binaries or without source code; we consider this as unfair as it is unsafe.

We released the source code and binaries ahead of time... 3 days before launch.  People had time to compile the source and run the client on their machines against the Litecoin testnet.  So people were able to make sure everything was working well before the launch.  We also had a poll so that people can vote for a launch time that best suits them.  At the time of the launch (Oct 12 03:00 GMT), we released the genesis hash and everyone started mining at the same time.  All it took was a simple change in the config file in order to mine the real coin instead of the testnet coin.

51% attack

The problem with alternative currencies is that the network hashrate is likely low when the coin starts up, making an easy target for any potential 51% attacker. With a little hope, a little prayer, a lot of hype, and due to our innovative release, there was a large hashrate from minute one.  We believe this deterred any attackers from targeting this chain.  As expected, there was a lot of natural orphaning of blocks, due to having so many people mining on the chain at once.  With block locking at every difficulty change, we were able to avoid any attacks from succeeding. (if there were any)

Source code

The source code is here:
   https://github.com/litecoin-project/litecoin

This is based on the latest Bitcoin code. You can either build the daemon version (litecoind) or you can build the gui version (Litecoin QT). See the build docs.

Similar to Bitcoin, you may want to create a litecoin.conf file here:
    Windows: C:\Documents and Settings\<username>\Application Data\Litecoin
    Win7: C:\Users\<username>\AppData\Roaming\Litecoin
    Mac: ~/Library/Application Support/Litecoin
    Unix: ~/.litecoin

Port is 9333. Open if on your router if you know how. This will allow you to have more than 8 connections.
And default RPC port is 9332. This is the port miners will use to communicate with your client/daemon.

Sample litecoin.conf file:
Code:
server=1
rpcuser=user
rpcpassword=password

#Change this if you want to use a different rpc port for mining
#rpcport=9332

#Only uncomment this if you are running litecoind and want to run Litecoin in the background (not Litecoin QT)
#daemon=1


So tell us what you think. Come to the Litecoin forums (http://forum.litecoin.net) or drop by #litecoin or #litecoin-dev on freenode IRC to chat.


FLO@3000====> the upgraded litecoin * with texting features++ Cool

https://poloniex.com/exchange#btc_flo
Arvydas77
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May 18, 2017, 02:02:05 PM
 #3492

Please upvote, share and donate if you like contents:
https://steemit.com/cryptocurrency/@arvydas/cryptocurrency-investments-1-litecoin
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May 18, 2017, 02:32:54 PM
 #3493



FLO/florins===> is a legit litecoin fork with real community in New York(U.S.A.) = the improved litecoin Cool

https://poloniex.com/exchange#btc_flo
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May 18, 2017, 07:24:12 PM
 #3494

Good news for Litecoin!!
 https://twitter.com/SatoshiLite/status/865266962284163072

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May 18, 2017, 08:37:40 PM
 #3495


Good news indeed. Litecoin with SegWit and Lightning Networks etc. is about to become the most technologically advanced crypto-coin. It would be a far better option than Bitcoin to be used in merchant retail payments. Massive opportunities are appearing on the horizon.

Litecoin is getting noticed! Here's a Max Keiser Litecoin retweet made a few hours ago:
https://twitter.com/finitemaz/status/865233637511487488
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May 18, 2017, 10:19:32 PM
 #3496


Good news indeed. Litecoin with SegWit and Lightning Networks etc. is about to become the most technologically advanced crypto-coin. It would be a far better option than Bitcoin to be used in merchant retail payments. Massive opportunities are appearing on the horizon.

Litecoin is getting noticed! Here's a Max Keiser Litecoin retweet made a few hours ago:
https://twitter.com/finitemaz/status/865233637511487488

FLO/FLORINS/ALEXANDRIA ====> Lightning Network * SegWit Cool

https://poloniex.com/exchange#btc_flo
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May 19, 2017, 01:21:59 AM
 #3497

LTC will replace BTC in the second half year of 2017.
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May 19, 2017, 11:28:00 AM
 #3498

Wow this is indeed good news for LTC HODLERS!. To the moon baby!. Yeah!
https://cointelegraph.com/news/litecoin-releases-ambitious-roadmap-for-2017-as-segwit-steals-bitcoin-business

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May 19, 2017, 11:35:20 AM
 #3499

FLO ===> the most legit implementation of litecoin Cool *go U.S.A.! version of litecoin* >.>

https://poloniex.com/exchange#btc_flo
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May 19, 2017, 11:55:01 AM
 #3500

So the Core devs are litecoin devs now since the cant get anything done in bitcoin. good job bitcoin unlimited, looks like you won.
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