Bitcoin Forum
June 23, 2024, 09:17:11 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!  (Read 9158 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Lithiumcoin (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
May 04, 2014, 05:38:38 PM
Last edit: May 05, 2014, 07:09:29 PM by Lithiumcoin
 #1



Launch date: Monday 5th, 6:00 PM CST

4 hours left!


http://lithiumcoin.org

About

Lithium is a distributed protocol that uses Blockchain technology based on Bitcoin to create consensus among the the network. Lithium has an internal currency unit called XLT that incentivates miners to help secure the network. Lithium uses a blockchain security system called proof of stake to prevent double spending and solve the Byzantines Generals problem. It also uses the proof of work system, but only for three days with the main objective of distributing the the coins in a democratic and fair way.

Fair Distribution

  • Lithium vs Ripple
Unlike Ripple where the creators openly say they won't give away 40% of the total coins. Lithium will be entirely distributed among fair mining with no premine at all.

  • Lithium vs NXT
Unlike NXT which was initilly distributed among 70 investors, Lithium will be democratically distributed among thousands of miners.

  • Lithium vs Blackcoin
Unlike Blackcoin that was heavily instamiend by Scrypt ASIC farms, thus undemocratically distributed, Lithium uses the Scrypt-Jane algorithm and  Adaptative N-factor Technology to make mining fair for everyone.


Inflation

  • Lithium vs Bitcoin
Bitcoin's current inflation is around 10% per year, Lithium will solve this problem by only having creation 2% inflation per year. The perfect balance between price stability and a good incentive for proof-of-stake miners to help secure the network.



Energy efficient
Unlike many coins that use the long term unsustainable proof of work system, Lithium reduces the electricity cost to the minimum by implementing proof of stake.



Technical Specifications

Algorithm: Scrypt-Jane | 100% pos after three days
Total coins: 10,000,000 (10 Million)
Block times: 30 seconds

POW
Difficulty Retarget: 10 minutes
Adaptative N-Factor
POW: 3 days | Last pow block: 8640

POS
Min Stake Age: 3 days
Max Stake Age: 100 days
Nominal stake interest: 2% annually


Pools
http://xlt.pool.mn
Lithiumcoin (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
May 04, 2014, 05:45:12 PM
 #2

Reserved for news and updates
laiwendersky
Full Member
***
Offline Offline

Activity: 194
Merit: 100


B2B - Find, Connect, Trade


View Profile
May 04, 2014, 05:47:57 PM
 #3

Waiting for the launch, will keep watching.

Bfljosh
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


Skol!


View Profile
May 04, 2014, 06:00:31 PM
 #4

Interested in this coin.
Philll90
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
May 04, 2014, 06:32:34 PM
 #5

Premine?
needmoreprofit
Member
**
Offline Offline

Activity: 83
Merit: 10


View Profile
May 04, 2014, 06:56:07 PM
 #6

Premine?

Fair Distribution

  • Lithium vs Ripple
Unlike Ripple where the creators openly say they won't give away 40% of the total coins. Lithium will be entirely distributed among fair mining with no premine at all.

I think no premine Grin

PRT - PbmHw7wksumZhvf5EwznD26VedTQ3agEvU
hualehua
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250

I am looking for a dev!


View Profile
May 04, 2014, 07:04:01 PM
 #7

Waiting for the launch, will keep watching. Grin
Lordoftherigs
Sr. Member
****
Offline Offline

Activity: 313
Merit: 250


View Profile
May 04, 2014, 07:07:30 PM
 #8

what time zone is it ? countdown would be nice
Lithiumcoin (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
May 04, 2014, 08:31:14 PM
 #9

what time zone is it ? countdown would be nice

Thanks for the suggestion. We've added a countdown. The time zone is CST.
varunsin
Sr. Member
****
Offline Offline

Activity: 376
Merit: 250


View Profile
May 04, 2014, 09:44:36 PM
 #10

so here comes a coin with only 3 days of POW, lets see how far it goes Smiley
Ezravdb
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 506


Trphy.io


View Profile
May 04, 2014, 09:45:11 PM
 #11

What is next 1 day of POW?

░▒░░▒▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
 ▓███▓░░▒▒▒▒▒▒▒▒░▒▒▒▒▒▒▒▒▒▒▒
 ▓███▓                     
  ████░                     
  ▒████                     
   ░███▓                   
     ▓██▓                   
       ███░                 
         ▓█▓░               
           ▓█▒  ██         
           ▓█   ██▒         
        ░███░ ▒  ▓██▓       
        ▓█▒▓█▓█▓▓█▒▓█       
|
|

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ █████████████▀█████ ██
██ ███ ▀█████▀      ▀█ ██
██ ███     ▀▀      ▐██ ██
██ ███▌            ███ ██
██ ████▌          ▄███ ██
██ ██████       ▄█████ ██
██ ████▄▄▄▄▄▄▄████████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ████████████▀▀▀████ ██
██ ████████▀▀     ████ ██
██ █████▀    ▄▀  ▐████ ██
██ ██▀     ▄▀    ▐████ ██
██ ████▄▄ █▀     █████ ██
██ ██████ ▄▄█   ▐█████ ██
██ ████████████ ██████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
Wirly
Full Member
***
Offline Offline

Activity: 136
Merit: 100


View Profile
May 04, 2014, 09:55:07 PM
 #12

Post the n-factor before launch so miners can set up. "scrypt-chacha"!
sonysasankan
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile WWW
May 05, 2014, 12:52:40 AM
 #13

What is next 1 day of POW?

I will sleep for a week and when I wake up, the rage will all be about 2 hour POW coins. By the time the first "my wallet isn't synching" post crops up in the thread, the POW stage will be over.  Grin

Pinkcoin Donations Address ---> PINK: PB9TmJXZTqzLroz9cLzCQe2cNWzEwJeq5g | BTC: 14Yxxxxko19qtLi3k2yvtWQ54vSQg2mLjB <---
Rent Mining rigs for cheap
JKBtCn
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
May 05, 2014, 06:10:29 AM
 #14

Is this mining the same as Vertcoin setup with cg-miner (adapted)? Or Ultracoin cg-miner with patch?

NXT-XFAH-7N9C-6AS6-B3GLZ                BTC: 1MMzqYNNqQMMhY524Z9ThuQrRQW2whCmGk
NHZ: 8709719431783299770                 QORA | 2ND GEN | NEW SOURCE CODE | Qi24ssRqmEo3Wepv9pgdmqNuTDKQByiEfd
susu
Full Member
***
Offline Offline

Activity: 174
Merit: 100


View Profile
May 05, 2014, 06:40:33 AM
 #15

Post was deserted, mining can fire it?

Brembomix
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
May 05, 2014, 05:34:33 PM
 #16

Congratulations and good luck.
Lithiumcoin (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
May 05, 2014, 07:03:04 PM
 #17

4 hours left!
Lithiumcoin (OP)
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
May 05, 2014, 07:22:31 PM
 #18

New pool:

http://xlt.pool.mn
lanlansky
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
May 05, 2014, 09:06:49 PM
 #19

Hi~
rpcport and nodes?
kryptopojken
Hero Member
*****
Offline Offline

Activity: 767
Merit: 532


View Profile
May 05, 2014, 09:07:46 PM
 #20

can I use the regular sph-sgminer or do I need to download your miner?
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!