Hi Guys,
We are in the process of updating LTB from the Scrypt algorithm to the NeoScrypt algorithm. While this was certainly not an easy choice (due to all the available options out there) - we feel that NeoScrypt will be one of the next generation POW algorithms. Our decision was based on several factors, some of which includes the following:
1. ASIC resistant of course
2. GPU and CPU mining friendly
3. Consumes less memory than Scrypt
4. low - medium budget user friendly (for those who can't afford huge ASIC rigs) - fair distribution
We thank you for your patience while we update our algorithm (along with a few other minor things). The update will be available within the next 2 days (we will post) - and the switchover to NeoScrypt will happen on block 110000 (1-2 weeks). Here are a few links of interest:
Documentation / White Papers:
https://github.com/ghostlander/NeoScrypthttp://www.feathercoin.com/neo-scrypt-press-release.pdfhttp://phoenixcoin.org/archive/neoscrypt_v1.pdfThanks