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Launch date: Monday 5th, 6:00 PM CST

4 hours left!

http://lithiumcoin.org

About

Lithium is a distributed protocol that uses Blockchain technology based on Bitcoin to create consensus among the the network. Lithium has an internal currency unit called XLT that incentivates miners to help secure the network. Lithium uses a blockchain security system called proof of stake to prevent double spending and solve the Byzantines Generals problem. It also uses the proof of work system, but only for three days with the main objective of distributing the the coins in a democratic and fair way.

Fair Distribution

Lithium vs Ripple

Unlike Ripple where the creators openly say they won't give away 40% of the total coins. Lithium will be entirely distributed among fair mining with no premine at all.

Lithium vs NXT

Unlike NXT which was initilly distributed among 70 investors, Lithium will be democratically distributed among thousands of miners.

Lithium vs Blackcoin

Unlike Blackcoin that was heavily instamiend by Scrypt ASIC farms, thus undemocratically distributed, Lithium uses the Scrypt-Jane algorithm and Adaptative N-factor Technology to make mining fair for everyone.

Inflation

Lithium vs Bitcoin

Bitcoin's current inflation is around 10% per year, Lithium will solve this problem by only having creation 2% inflation per year. The perfect balance between price stability and a good incentive for proof-of-stake miners to help secure the network.

Energy efficient
Unlike many coins that use the long term unsustainable proof of work system, Lithium reduces the electricity cost to the minimum by implementing proof of stake.

Technical Specifications

Algorithm: Scrypt-Jane | 100% pos after three days
Total coins: 10,000,000 (10 Million)
Block times: 30 seconds

POW
Difficulty Retarget: 10 minutes
Adaptative N-Factor
POW: 3 days | Last pow block: 8640

POS
Min Stake Age: 3 days
Max Stake Age: 100 days
Nominal stake interest: 2% annually

Pools
http://xlt.pool.mn