Litecoin(LTC) - POW - Scrypt
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.
- Scrypt Algo
- Proof of Work
- Block time 2.5 minutes
- Re-target 2016 blocks
- 50 coins per block
- 82 million total coins
- Reward halfs every 840,000 blocks
Block Reward Halving:
DeskMiner: New GUI miner for Windows:
Check out our new windows litecoin miner for easy mining wherever you are!
Mine at home or run DeskMiner straight from a USB drive on any windows PC, leave running even after you remove the drive!
Litecoin has a chance to activate Segwit first than Bitcoin
Segregated Witness (SegWit) — the proposed upgrade to the Bitcoin protocol developed by the Bitcoin Core developers — is still far from...
The Bitcoin Store accepts Litecoin!
Litecoin Foundation Logo (20 LTC)
Litecoin Foundation will be founded soon. Its tentative mission statement is:
To advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
Its main function is to raise funding to support full-time researchers and developers as well as marketers if necessary.
We are now calling for logo proposals. Twenty Litecoins, sponsored by Xinxi personally, will be awarded to the best one chosen by us. Plagiarism will be checked thoroughly.
Submissions should be made through this forum's private messages to @Xinxi in order to protect your design.
Your submission should include:
The logo in both png and vector format
A 32x32 favicono
All submissions will be made pubic for evaluation after the deadline.
The deadline will be Jan 25, 2017.
PS: If your account is new and thus cannot PM me, please reply the welcome PM that the system automatically sent to you so that I can raise your trust level.
Development Update - Dec 30 2016
This is the last development update of 2016. I wish you guys a happy new year!
The development work of Litecoin 0.13.2 is almost done. There is really not much left to be done before the release.
However, Thrasher a.k.a Adrian Gallagher, has spent quite a lot of time on the development recently, and as many of you guys, he also needs some rest especially when the New Year holiday is coming. He will be back to work on Monday (Jan 2, 2017), and the release of 0.13.2 will be shortly after that.
If you want to know more detailed progress, feel free to check the code repository directly: https://github.com/thrasher-/litecoin/commits/0.13-dev19.
Again, wish you a happy new year and hope all the preparation work we did in 2016 will bring a great 2017 to Litecoin!
Litecoin [LTC] | V.0.13rc1 Release
Litecoin Core version 0.13.2 is now available from:
This is a new major version release, including new features, various bugfixes and performance improvements, as well as updated translations. It is recommended to upgrade to this version.
Please report bugs using the issue tracker at github:
Microsoft ended support for Windows XP on April 8th, 2014, an OS initially released in 2001. This means that not even critical security updates will be released anymore. Without security updates, using a litecoin wallet on a XP machine is irresponsible at least.
In addition to that, with 0.12.x there have been varied reports of Bitcoin Core randomly crashing on Windows XP. It is not clear what the source of these crashes is, but it is likely that upstream libraries such as Qt are no longer being tested on XP.
We do not have time nor resources to provide support for an OS that is end-of-life. From 0.13.0 on, Windows XP is no longer supported. Users are suggested to upgrade to a newer version of Windows, or install an alternative OS that is supported.
No attempt is made to prevent installing or running the software on Windows XP, you can still do so at your own risk, but do not expect it to work: do not report issues about Windows XP to the issue tracker.
From 0.13.1 onwards OS X 10.7 is no longer supported. 0.13.0 was intended to work on 10.7+, but severe issues with the libc++ version on 10.7.x keep it from running reliably. 0.13.1 now requires 10.8+, and will communicate that to 10.7 users, rather than crashing unexpectedly.
ECDSA signatures inside Litecoin transactions now use validation using libsecp256k1 instead of OpenSSL.
Depending on the platform, this means a significant speedup for raw signature validation speed. The advantage is largest on x86_64, where validation is over five times faster. In practice, this translates to a raw reindexing and new block validation times that are less than half of what it was before.
Libsecp256k1 has undergone very extensive testing and validation.
A side effect of this change is that libconsensus no longer depends on OpenSSL.
A major part of the outbound traffic is caused by serving historic blocks to other nodes in initial block download state.
It is now possible to reduce the total upload traffic via the
-maxuploadtargetparameter. This is not a hard limit but a threshold to minimize the outbound traffic. When the limit is about to be reached, the uploaded data is cut by not serving historic blocks (blocks older than one week). Moreover, any SPV peer is disconnected when they request a filtered block.
This option can be specified in MiB per day and is turned off by default (
-maxuploadtarget=0). The recommended minimum is 144 * MAX_BLOCK_SIZE (currently 144MB) per day.
Whitelisted peers will never be disconnected, although their traffic counts for calculating the target.
A more detailed documentation about keeping traffic low can be found in /doc/reduce-traffic.md.
Between compatible peers, BIP 130 direct headers announcement is used. This means that blocks are advertised by announcing their headers directly, instead of just announcing the hash. In a reorganization, all new headers are sent, instead of just the new tip. This can often prevent an extra roundtrip before the actual block is downloaded.
Previous versions of Litecoin Core had their mempool limited by checking a transaction's fees against the node's minimum relay fee. There was no upper bound on the size of the mempool and attackers could send a large number of transactions paying just slighly more than the default minimum relay fee to crash nodes with relatively low RAM. A temporary workaround for previous versions of Litecoin Core was to raise the default minimum relay fee.
Litecoin Core 0.13.2 will have a strict maximum size on the mempool. The default value is 300 MB and can be configured with the
-maxmempoolparameter. Whenever a transaction would cause the mempool to exceed its maximum size, the transaction that (along with in-mempool descendants) has the lowest total feerate (as a package) will be evicted and the node's effective minimum relay feerate will be increased to match this feerate plus the initial minimum relay feerate. The initial minimum relay feerate is set to 1000 satoshis per kB.
Litecoin Core 0.13.2 also introduces new default policy limits on the length and size of unconfirmed transaction chains that are allowed in the mempool (generally limiting the length of unconfirmed chains to 25 transactions, with a total size of 101 KB). These limits can be overriden using command line arguments; see the extended help (
--help -help-debug) for more information.