X11 pit
According to the current difficulty calculation, we can dig about 1.012 Laite coins a day. This is the average calculation result in the mine pool. If there is an efficient mine pool or solo, maybe more
litecoin (abbreviated as LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
design purpose
it is based on bitcoin protocol, but it is different from bitcoin in that even at the present stage, it can efficiently "mine" through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units
one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin
related website community
< UL >official website of litecoin
official forum of litecoin
lightcoin China community
transactions
a peer-to-peer network similar to bitcoin handles lightcoin transactions, balances, and issues through a script workload proof scheme (when a sufficiently small hash value is found, the, A block will be created, and the lightcoin will be issued. The process of discovering the hash value and creating the block is called "mining"). The issuing rate of Leyte coins is reced by half every four years (every 840000 pieces) according to the proportional sequence, and finally the total number of LTCs is 84 million. Unlike bitcoin, the memory intensive feature of script makes it more suitable for "mining" with graphics processor (GPU). FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are more expensive than sha256 used for bitcoin
currently, lightcoin can exchange legal tender and bitcoin, most of which are through online trading platforms. Revocable transactions (such as credit card transactions) are generally not used to purchase Leyte, because Leyte transactions are irreversible, which brings the risk of refund. As of April 25, 2013, a Leyte is worth about $3.97 or 0.028 bitcoin. This makes Leyte the second largest electronic currency with a market value of about $35 million
client
litecain is a free software project released under MIT / X11 license, which allows you to run, modify and the software according to your own needs. You can also release a modified version of the software if you like
the software is released in a completely transparent form, and users can independently verify the binary version and the corresponding source code
mine pool
the lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine burst" is calculated, the system will reward 50 lightcoins at one time. At present, the computing power of lightcoin is growing rapidly, and the miner can't find the mine through several computers. Therefore, it is necessary to join the mine pool, which collects all the computing power, It is estimated that the probability of calculating the "blasting" value is higher
at present, the well-known mine pools include BTCC (original bitcoin China) mine pool, waltc.net fish pool (f2pool), wemineltc, coinotron, silverfish, liteguardian, litecoin pool.org, etc. But at present, the highest income is f2pool. Recently, it launched lightcoin theory income + 10% of mine pool subsidy = your actual income, which has attracted the attention of many miners and the instry
< p
< p < p < p
the world's main active countries, the exchange rate of digital currency <
symbol
< P >
> P >
lightcoin
LTC
201 1
coblee
is
litecoin / org
~ $3.6 billion
is
script
data block chain
litecoin block chain, compared with its competitor bitcoin, can handle larger transaction volume. Due to the more frequent generation of data blocks, the network can support more transactions without modifying the software in the future
as a result, businesses can obtain faster transaction confirmation, and they can still wait for more transaction confirmation when they sell large value procts
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin
Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places.
motherboard: ultramicro x11dai-n ￥ 4200
memory: ddr4-2666-16g (x16 PCs) ￥ 15360
SSD: Intel 750-nvme-1.2tb (x4 PCs) raid ￥ 18400
mechanical hard disk: mechanical hard disk: Western Digital gold disk 4tb $1200
video card: Titan XP Pascal (x2 PCs) ￥ 19200
Display: Samsung c49hg90dmc (48.9 inches) ￥ 15000
power supply: pirate ship hx1000i ￥ 1800
chassis: pirate ship 900D ￥ 3000
keyboard and mouse headset: thunder snake Huntsman soul hunting light spider keyboard + Mamba Cobra + flame bug super version wireless power supply mouse game set ￥ 3499
total: 221659
you can play whatever you want!
1. Bitcoin / BTC
founder: Nakamoto Tsung
originally proposed by Nakamoto Tsung in 2009, according to the idea of Nakamoto Tsung, we designed and released open source software and built P2P network on it. Point to point transmission means a decentralized payment system, which once had no more than 10.5 million in four years, and then the total number will be permanently limited to 21 million
2. Ethereum / eth
founder: Geoffrey Welk
it is not only a virtual currency, but also a platform and a programming language, enabling developers to build and release the next generation of distributed applications. Ethereum can be used to program, distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration< 3. Ripple / XRP is the base currency of ripple network. It can circulate in the entire ripple network, with a total amount of 100 billion, and graally decreases with the increase of transactions. The operating company of ripple is ripple labs (formerly known as opencoin)
4. Bitcoin cash (BCC) / BCH
founder: Roger ver
bitcoin forked coin. Viabtc, a mining giant owned by bitcoin mainland, has prepared a set of hard forked system based on the original chain of bitcoin
5. EOS
founder: Daniel Larimer
BM (Daniel Larimer), a blockchain architecture platform similar to the operating system, is developed to realize the performance expansion of distributed applications
6. Litteoin / LTC is an internet currency based on peer-to-peer technology and an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
7. Stellar
founder: Jed McCaleb
the digital currency project initiated by Jed McCaleb, the former founder of ripple, is used to build a decentralized gateway between digital currency and fiat money. It will be provided to users in the form of free distribution, and its supply online is 100 billion, of which 95% of the amount of star coin is used for free distribution
8. Cardano
founder: Charles hoskinson
the end result of ADA cryptocurrency, which can be used to send and receive digital funds. This kind of digital cash represents the future currency, through the use of encryption technology, can be fast, direct transfer, to ensure its security
9. Tether
founder: Craig sellers
tether USD, a token launched by tether company, is based on the stable value currency USD. Users can query funds on tether platform to ensure transparency. Each TEDA coin is symbolically associated with government supported legal tender< Iota
10, iota
founder: David sonstebo
a crowdfunding project started in 2014, which is a revolutionary transaction settlement and data transfer layer specially designed for the Internet of things. It's based on a new type of distributed ledger, tangle, which is like a blockchain, but it uses a network structure instead of a chain structure, which makes it more scalable and stable.
Background: the financial application of blockchain technology brings high investment value
2018 China international big data instry Expo opened in Guiyang City, Guizhou Province on the 26th. At the meeting, it was pointed out that China will vigorously develop the digital economy in the future, deeply implement the action plan for the development of big data and cloud computing, and deeply study blockchain technology and application. Especially in the field of finance, the landing application has become the focus of the scientific and financial circles
1. The value source of blockchain is that it can perfectly solve the pain points of the current financial instry:
in today's asset securitization, insurance, supply chain finance, commodity trading, asset custody and other financial scenarios, e to many participants, high cost of credit evaluation, low settlement efficiency of intermediary institutions and other reasons, Traditional financial service methods are difficult to effectively solve the long-standing core pain points in the instry, such as information asymmetry, complex and rendant processes, and high information verification cost
2. Why can blockchain solve the above pain points:
blockchain technology integrates many basic technologies, such as distributed accounting, tamper proof, built-in contract, etc., and constructs a trust building mechanism with lower cost. The financial application based on blockchain technology can realize the ability of all market participants to obtain all transaction information and asset ownership records in the market without discrimination, and effectively solve the problem of information asymmetry; Smart contract embedding reces the error rate of payment and settlement, simplifies the process and improves efficiency; At the same time, based on transparent information and brand-new trust mechanism, there is no need to spend manpower, material resources and financial resources to confirm information among participants, which will greatly rece the trust cost between institutions, and then rece the price of financial services and transaction costs
3. The application of blockchain technology in the financial field mainly includes the following aspects:
① digital currency
among which bitcoin is the most famous. On the basis of bitcoin, a large number of other types of decentralized digital currencies have been derived. Such as: the heyday of bits
Compared with the traditional payment system, blockchain payment can directly carry out end-to-end payment for both parties without the help of the banking system, which can greatly improve the speed and rece the cost③ digital bills
④ bank credit management: the advantage of blockchain is that it can rely on program algorithm to automatically record credit related information and store it on every computer in the blockchain network, with transparent information, tamper proof and low cost
The major financial institutions and exchanges in Europe and the United States have explored the application research of building the next generation of financial asset trading platform based on blockchain technology4. The development prospect of blockchain. The future development of blockchain technology will have the most vitality with alliance chain as the entry point, and will have a significant effect and far-reaching impact on the transformation of traditional financial instry pain points
in response to the good investment prospects of blockchain, domestic enterprises such as Alibaba, Jingdong and Netcom have entered the market. The application of financial scenarios based on blockchain technology not only brings us security and convenience, but also provides us with broader investment space. The rise and price surge of digital currency represented by bitcoin (bitcoin was about RMB 20 cents when it was first listed in 2009, and its current price is about US $7300!) It's the best proof that people with a keen sense of smell have made a lot of money from it
Abstract: This is an encrypted digital currency based on the bitcoin developed by Nakamoto Tsung, which improves and adds many new functions, such as the double-layer reward system network, also known as the main node network. It also includes anonymous payment to improve the interchangeability (bitage) and real-time payment function docking to realize real-time transaction confirmation without relying on the authority of the center (P2P mall) In 2009, Nakamoto put forward the concept of bitcoin. Since then, bitcoin has spread rapidly in mainstream applications and commercial uses, becoming the first digital currency to attract a large number of users, which is a milestone in the history of digital currency. However, from the perspective of completing the transaction, we can find an important problem, that is, it takes too long for bitcoin block to confirm the transaction. Traditional payment companies have found a solution to enable the buyer and the seller to realize zero confirmation of bitcoin transaction, but this solution usually requires a trusted third party to complete the transaction outside the agreementbitcoin provides pseudonym transaction, realizes the one-to-one transaction relationship between sender and receiver, and can always record the transactions occurred in the whole network. Bitcoin only provides low-level privacy protection, which is well known in academia. Despite this deficiency, many people still believe in the transfer history recorded by blockchain
based on Nakamoto's achievements, bitshengshi is an encrypted digital currency with the purpose of protecting privacy. We have made a series of improvements on the basis of the concept of bitcoin, resulting in a decentralized cryptocurrency with good anonymity. It supports tamper proof real-time transactions, and has a point-to-point sub network that can provide service reward system for bitsheng network
2. Master node network
the whole node is the server running on the P2P network, so that small nodes can use them to accept the dynamic changes from the whole network. These all nodes need significant traffic and other resources that consume a lot of cost. Therefore, it will be observed that the number of these nodes on the bitcoin network presents a steady downward trend over a period of time, so that the block broadcast time needs an additional 40 seconds. In order to solve this problem, many solutions have been put forward, such as the introction of Microsoft Research's new incentive plan and bitnodes incentive plan
Figure 6: Mining reward model
English Name: oiocoin
abbreviation: oioc
Author: jiaozi coin team
technical characteristics:
total amount: 10 billion + oioc, (Jiaozi coin has no pre excavation, ensuring the fairness of issuance)
algorithm: X11
mining method: POW + node mining (each node can get 15% of the total amount of coins g through this node), Proction node requirements: 2 million oioc, server with fixed IP)
mining features: anti mining machine, wallet operation, one click mining
output: pre dig 4 billion (for 1:1 exchange of old jiaozi coin), issue 3 billion in the first year, 2 billion in the second year, 1 billion in the third year, In the fourth year, we will issue RMB 100 million every year (to ensure the correct operation of the whole network)
block out speed: 60 seconds
transaction confirmation: 6 blocks
mature period: 51 blocks
difficulty change period: 24 hours
transfer fee: depending on the specific number (up to 6.8 million oioc for a single transfer, The maximum transfer fee is 100 oioc)
RPC port number: 11112
P2P port number: 11111
the original intention of Jiaozi coin is to be a social reward currency that everyone can participate in together, so in the craziest period of domestic virtual currency, jiaozi coin is issued in the way of no pre dig and no ICO. But today, this kind of issuing method makes jiaozi coin encounter a bottleneck. Due to the low difficulty of mining and unstable calculation force in the early stage, the block proction speed is fast and the amount of money is large. At that time, e to time and other factors, the old people graally shifted their attention to jiaozi, which made that part of the coin become "dead coin", which made jiaozi not fully circulated, and also increased the threshold of later attention to jiaozi. This is not concive to the late development of Jiaozi
technically, some community members also put forward some perfect ideas for jiaozi coin, such as: 1. Our current wallet does not provide the function of choosing the installation path, so that some members with too small C disk can not install jiaozi Coin Wallet (except some awesome people). 2. Transfer is slow. 3. Open the wallet and load the card. 4. Logo is not novel enough, etc.
in view of the above factors, the development team of Jiaozi coin has made the following improvements:
first, when installing jiaozi Coin Wallet, add the function of selecting the installation path< 2. Replace the logo with a new one
thirdly, when the wallet is loaded, it is easy to crash when clicking the wallet< 4. Adopt new algorithm, increase the function of the mine prevention pool of the mine prevention machine, run the wallet software, and mine with one click< 5. Fine tuning the issuance mechanism to increase the difficulty ladder: 4 billion in the first year, 3 billion in the second year, 2 billion in the third year, 1 billion in the fourth year, and an additional 100 million in the fifth year to maintain the robustness and stability of the node network. The 4 billion yuan in the first year will be proced in advance by means of pre digging, which will be used to exchange the old jiaozi currency. In the next month (when the new wallet update notice is issued), you can exchange the exchange ratio of one old coin for several new coins for new jiaozi coin (the old wallet is expected to proce about 3.5 billion in one month, of which 3.5 billion will be used to replace the old coin, and the remaining 500 million jiaozi coin will be handed over to jiaozi coin fund, For the promotion and maintenance of Jiaozi coin, the address of the fund will be announced, and you can query the details of the fund wallet in the block browser)
6. Add the node reward mechanism: the new version of the wallet can not only mine fairly, but also build the main node of Jiaozi coin by purchasing a server with fixed public IP if your computer configuration is relatively low, All mines g through your main node will give you 15% reward< 7. Add anonymous sending function< 8. After the release of the new wallet, the jiaozi coin development team will start to develop the jiaozi coin application app.