Litkoin is Decentralized P2P cryptocurrency and open source software project released under the MIT/X11 license (first version from Litecoin basically). Litkoin is global payment network that is fully decentralized, using the algo scrypt as proof-of-work algorithm to secures the network and empowers individuals to control their own finances.
Because so many coins out there have different purpose and market segment, The reason Litkoin has been created not just to become store of value but to made many use cases into PSP (Platform, Service, and Products). The developer believed it will be highly demand market into Litkoin, since it was open source project, and many developers have been participated into the project and will made Litkoin more useful into future, not just the simple store of value.
SPECIFICATION
Type : POW ( Proof of Work )
Algorithm : Scrypt ( So far, one of the best algo for security network )
Difficulty Retarget : Every 2.5 minutes
Block Time : Every 30 Seconds ( Make transaction even faster than other coins )
Confirmation Transaction : 6 Blocks
Coinbase Maturity : 20 Blocks
Fee Transaction : 0.001 LTK
Total Supply Coins: 1,000,000,000 or 1 Billion LTK ( To accomodate larger demand, we need to have bigger supply )
POW Block Rewards :
Premined ( Mined by core devs ): 2.000.000 LTK (0.2% from Total Supply )
Pre-launch Stage 1 : 5.000 LTK rewards per block ( < 5.000 blocks ) : 25.000.000 LTK (2.5% from Total Supply)
Pre-launch Stage 2 : 2.500 LTK rewards per block ( < 10.000 blocks ) : 12.500.000 LTK (1.25% from Total Supply)
Prelaunch funds will be used for developments, bounty, airdrop, and many activities ahead
---------------------------------------------
After pre-mined and pre-launch, (Rewards halving every 840k blocks +/- 1 year time )
Reward : 500 LTK rewards per block ( 10.001 - 840.000 blocks ) : 414.999.500 LTK (41.50% from Total Supply)
Reward : 250 LTK rewards per block ( 840.001 - 1.680.000 blocks ) : 207.499.750 LTK (20.75% from Total Supply)
Reward : 125 LTK rewards per block ( 1.680.001 - 2.520.000 blocks ) : 103.749.875 LTK (10.37% from Total Supply)
Reward : 62.5 LTK rewards per block ( 2.520.001 - 3.360.000 blocks ) : 51.874.937 LTK (5.19% from Total Supply)
Reward : 31.25 LTK rewards per block ( 3.360.001 - 4.200.000 blocks ) : 25.937.468 LTK (2.59% from Total Supply)
Reward : 15.625 LTK rewards per block ( 4.200.001 - 5.040.000 blocks ) : 12.968.734 LTK (1.30% from Total Supply)
Reward : 7.8125 LTK rewards per block ( 5.040.001 - 5.880.000 blocks ) : 6.484.367 LTK (0.65% from Total Supply )
etc...
Algorithm : Scrypt ( So far, one of the best algo for security network )
Difficulty Retarget : Every 2.5 minutes
Block Time : Every 30 Seconds ( Make transaction even faster than other coins )
Confirmation Transaction : 6 Blocks
Coinbase Maturity : 20 Blocks
Fee Transaction : 0.001 LTK
Total Supply Coins: 1,000,000,000 or 1 Billion LTK ( To accomodate larger demand, we need to have bigger supply )
POW Block Rewards :
Premined ( Mined by core devs ): 2.000.000 LTK (0.2% from Total Supply )
Pre-launch Stage 1 : 5.000 LTK rewards per block ( < 5.000 blocks ) : 25.000.000 LTK (2.5% from Total Supply)
Pre-launch Stage 2 : 2.500 LTK rewards per block ( < 10.000 blocks ) : 12.500.000 LTK (1.25% from Total Supply)
Prelaunch funds will be used for developments, bounty, airdrop, and many activities ahead
---------------------------------------------
After pre-mined and pre-launch, (Rewards halving every 840k blocks +/- 1 year time )
Reward : 500 LTK rewards per block ( 10.001 - 840.000 blocks ) : 414.999.500 LTK (41.50% from Total Supply)
Reward : 250 LTK rewards per block ( 840.001 - 1.680.000 blocks ) : 207.499.750 LTK (20.75% from Total Supply)
Reward : 125 LTK rewards per block ( 1.680.001 - 2.520.000 blocks ) : 103.749.875 LTK (10.37% from Total Supply)
Reward : 62.5 LTK rewards per block ( 2.520.001 - 3.360.000 blocks ) : 51.874.937 LTK (5.19% from Total Supply)
Reward : 31.25 LTK rewards per block ( 3.360.001 - 4.200.000 blocks ) : 25.937.468 LTK (2.59% from Total Supply)
Reward : 15.625 LTK rewards per block ( 4.200.001 - 5.040.000 blocks ) : 12.968.734 LTK (1.30% from Total Supply)
Reward : 7.8125 LTK rewards per block ( 5.040.001 - 5.880.000 blocks ) : 6.484.367 LTK (0.65% from Total Supply )
etc...
WALLET
HOW TO MINE
1. Tools
AMD http://cryptomining-blog.com/wp-content/download/cgminer-3.7.2-windows.rar
NVIDIA https://github.com/tpruvot/ccminer/releases/tag/v2.2-tpruvot
CPUMINER https://github.com/pooler/cpuminer/releases/tag/v2.5.0
2. Extract
3. If there's a file name cgminer.conf or ccminer.conf or cpuminer.conf rename that file to cgminer.conf.bak or ccminer.conf.bak or cpuminer.conf.bak
4. Create a bat file inside the folder
AMD = cgminer scrypt -o stratum+tcp://pool:port -u wallet -p x
NVIDIA = ccminer-x64 -a scrypt -o stratum+tcp://pool:port -u wallet -p x
CPUminer = minerd -a scrypt -t 4 -s 4 -o stratum+tcp://pool:port -u wallet -p x
example:
AMD = cgminer scrypt -o stratum+tcp://ladang.terrano.id:3032 -u 8NVDNgUcBi9D8URhThgsLMwH3dJNhA62KT -p x
NVIDIA = ccminer-x64 -a scrypt -o stratum+tcp://ladang.terrano.id:3032 -u 8NVDNgUcBi9D8URhThgsLMwH3dJNhA62KT -p x
CPUminer = minerd -a scrypt -t 4 -s 4 -o stratum+tcp://ladang.terrano.id:3032 -u 8NVDNgUcBi9D8URhThgsLMwH3dJNhA62KT -p x
5. Save and you're good to go
Roadmap Development
Because LTK is an open source platform it will be developed by all who volunteer. Our first step will be focused on base infrastructure such as
Pools
Block Explorer
Website
Linux Wallet (soon)
Web Wallet
Mobile Wallet
Social Media (soon)
Forums
Wiki Github
and many more..
Pools
Block Explorer
Website
Linux Wallet (soon)
Web Wallet
Mobile Wallet
Social Media (soon)
Forums
Wiki Github
and many more..
show the picture for dev
and waiting whitepaper and any information