(Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork

[Beeker]

Update 4/2/2014:

After much deliberation our team has decided not to continue this project.
We'll put our support and energy in supporting and buying X11 coins as we believe this is the algorithm for 2014.

We wish Charlie, the team and the community all the best for LTC.

Best regards,

(no longer) the LTC to X11 hardfork team.


================================================================


We, a team of Litecoin supporters and developers, are not satisfied with the current development of LTC.
That's why we are working on a hardfork for Litecoin to make it ASIC resistant.

This way we like to keep it decentralized, so no large ASIC manufacturers like KnCMiner, Gridseed or Alpha-T can takeover the network when Scrypt ASICS come widely available.

To lower the footprint of LTC and retain GPU mineability, the algorithm of our choice is X11.

We would like to hear from the Litecoin community if other changes, like to the difficulty algorithm, are preferred too.

Please keep this a nice and open discussion, this topic will not be moderated as we think everyone has the right to free speech.

More to follow, so stay tuned.

The LTC X11 team.






Litecoin [LTC] hardfork to X11

hardfork at block: ~564,480

may be subject to change, not set in concrete






Voting topic: https://bitcointalk.org/index.php?topic=549592.0






Discussion: https://litecointalk.org/index.php?topic=18122.0






Statement by Litecoin developer:
https://litecointalk.org/index.php?topic=18166.0






github: coming soon
Litecoin-QT for Windows: coming soon
Litecoin-QT for GNU/Linux: coming soon
Litecoin-QT for Mac OS X: coming soon
Litecoin for Android: coming soon
Litecoin for BlackBerry: coming soon









Mod note: Since this is picking up outside press, I'm tagging this as unofficial to avoid confusion. -Maged

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[barryzand]

wtf? lol.. thats actually possible?? hard fork it when youre not the dev?

[Beeker]

wtf? lol.. thats actually possible?? hard fork it when youre not the dev?

Yes it is.

[taxli]

copy DRK,this coin will certainly not succeed

[1976]

“a hardfork for Litecoin”
What's the meaning

[huadaonan]

 very good, i like x11 algo very much .cooler than scrypt.ati-asic ..great!!!!

[Varvarin]

This has to be an early April Fool joke right?

[Beeker]

copy DRK,this coin will certainly not succeed

It's not a new coin. It's the Litecoin blockchain moved to another algorithm at block 564,480.
Hence the word "hardfork".

[barryzand]

If you succeed.. I might actually go back to mine ltc again.. lol...

[Beeker]

This has to be an early April Fool joke right?

Let us be clear, this is not a joke.

We are serious on securing the future of Litecoin.

We hope to convince the majority of the pools, exchanges, shops and most important the users to upgrade to our hardfork before block 546,480.
You will not lose coins.

People who have invested in scrypt ASICS may not support this hardfork, so we expect some resistance.

[MissX3M]

Love this 

[anonim_user]

Just brilliant! and how can you not love cryptoworld? 

[Evilish]

No thanks.

[ibukovec]

decentralized = anti ASIC
ASIC gives the Hash to a few people only. The idea of LTC was anti ASIC.

So go for it

[1976]

You are one of the authors of LTC?

[jarhed]

So, how long before an ASIC for this fork?

[Beeker]

So, how long before an ASIC for this fork?

We expect it will take at least 1,5-2 years before X11 ASICS will be distributed. This will give us enough room to change the algorithm again, acting with the knowledge we have at that time.
We don't claim it to be "ASIC proof" but "ASIC resistant".

[chickenliver503]

fake news no proof .....

[jinhuadfh1]

wtf? lol.. thats actually possible?? hard fork it when youre not the dev?

Yes it is.

Hi, is there any Litecoin offical statement from litecoin develop group?

[kelsey]

We, a team of Litecoin supporters and developers

who is this we?