COIN NAME: LiteCoin Ultra
PROOF OF WORK:
Block time: 5 minutes
Re-target: 2000 blocks.
Confirmation: 5 blocks
Reward: 100 coins per block
randoms superblocks reward: x10 every 10.000 block approx.
TOTAL SUPPLY: 150 MILLION
Premine: 5% 7.5m
Reward halvings at block: 400,000
POS: 10% starting at block 200,000
POS Reward halving: at block 400,000
Litecoin Goes Lighter...
PROOF OF STAKE
LITECOIN ULTRA is a peer-to-peer cryptocurrency and open source software project released by a group of litecoin fans, entrepreneurs, and junior developers.
Creation & transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Litecoin (LTC), Litecoin Ultra has some technical improvements over Litecoin, and most other major cryptocurrencies, such as the adoption of Proof Of Stake, and Proof Of Work random superblocks.
These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with other cryptos. Litecoin Ultra also has near zero payment costs and facilitates payments approximately four times faster than Bitcoin.
The Litecoin Ultra project was launched on the 11th July 2017 when the first block of LTCU was mined. The Litecoin Ultra blockchain is a fork of the Bitcoin blockchain and was launched without an initial coin offering (ICO), high pre-mine, or pre-allocation of funds. Including a 100% fair unstamined launch.
With a small initial pool of funds to draw from, and pay development expenses, Litecoin Ultra is and will continue to be a 'labour of love' of its developers and community.
THE LIGHTER WAY TO SEND DIGITAL CURRENCY...
LIGHTER | FASTER | MINEABLE