Osource blake 256 based cryptocurrency project designed for merged mining with Blake Coin and others .......
Clone or download
Fetching latest commit…
Cannot retrieve the latest commit at this time.
Permalink
Failed to load latest commit information.
contrib
doc
share
src
.gitattributes
.gitignore
COPYING
INSTALL
README.md
lithium-qt.pro

README.md

Forked from Bitcoin reference wallet 0.8.5 and Blake Coin + Photon

Lithium is a cryptocurrency designed to use the Blake 256 algorithm from Blake Coin and is based from Photon the first Blake 256 merge mined coin.

Blake-256(optimized) faster than scrypt and faster than sha256 in C (asm is still faster for sha256d)

The algorithm was written as a candidate for sha3, Based on round one candidate code from the sphlib 2.1 and reduced the compression function to 8.

Tweaks Removed some of the double hashing from the wallet as it is wasteful on compute, No changes to the ecdsa public/private function as that has proven to be secure so far on bitcoin.

What is Blakecoin?

Blakecoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Blakecoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing of coins are carried out collectively by the network.

What is Photon ?

A clone of Blakecoin with a few changes. The standard block award of Photon is 32,768 BUT as the block chain grows the award will increase. The amount it increases is directly related to the current difficulty and height of the blockchain. Miners will get 32,768 coins plus the square root of blockchain height multiplied by the current difficulty. Still as Photon's are plentiful in the universe the max money is set to 90,000,000,000 That is 90 Billion Photons. Difficulty retargets every 20 blocks with a target of a new block to be produced every 3 minutes. Up to block 3500 the max adjustment is 15% up each retarget. After block 3500 the max adjustment is 3% up each retarget.

What is Lithium ?

A Blake 256 coin system based on Photon. Max Lithium to be produced are 25,228,800 The block time is 3 minutes and difficulty can retarget a maximium of 15% every 20 blocks (3% max until block 3500) 48 Lithium are awarded for each block (Note -- blocks 1-1999 award only .48 to balance the mining field) In about 1 year from launch time the award will reduce to 24 Lithium This reduction will cut in half aprox each year until all Lithium have been produced.

Lithium will be seeking to partner with websites and others who want to be introduced to the benefits of the blake 256 system. Many 1st and 3rd party applications (mostly game related) are on the drawing board for lithium. The lithium developers plan to be open to the community on desired features to add/enhance the project and the whole blake 256 syystem.

Ubuntu 12.04 dependancies that are used on the Linux build machine:

git-core build-essential libssl-dev libboost-all-dev libdb5.1-dev libdb5.1++-dev libgtk2.0-dev libminiupnpc-dev qt4-qmake mingw32 synaptic qt-sdk qt4-dev-tools libqt4-dev libqt4-core libqt4-gui libdb++-dev

License

Lithium is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.

Photon is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.

Blakecoin is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.