We, a team of Litecoin supporters and developers, are not satisfied with the current development of LTC.
That's why we are working on a hardfork for Litecoin to make it ASIC resistant.
This way we like to keep it decentralized, so no large ASIC manufacturers like KnCMiner, Gridseed or Alpha-T can takeover the network when Scrypt ASICS come widely available.
To lower the footprint of LTC and retain GPU mineability, the algorithm of our choice is X11.
We would like to hear from the Litecoin community if other changes, like to the difficulty algorithm, are preferred too.
Please keep this a nice and open discussion, this topic will not be moderated as we think everyone has the right to free speech.
More to follow, so stay tuned.
The LTC X11 team.
http://picadump.com/ltc_x11/hardfork.pngLitecoin [LTC] hardfork to X11
hardfork at block: ~564,480
http://picadump.com/ltc_x11/downloads.pnggithub: coming soon
Litecoin-QT for Windows: coming soon
Litecoin-QT for GNU/Linux: coming soon
Litecoin-QT for Mac OS X: coming soon
Litecoin for Android: coming soon
Litecoin for BlackBerry: coming soon
http://picadump.com/ltc_x11/litecoin_x11.png
