Litecash is the next generation scalable, confidential cryptocurrency based on an elegant and innovative Mimblewimble protocol.
MAINNET IS LAUNCHED & ACTIVE!
Features (ie. Things that make Litecash special)
- No premine. No ICO. No Founders Rewards. No developer rewards.
- Initial block reward 275, halving after 1 year from start of mainnet, and halving thereafter every 4 years (ala BTC)
- Users have complete control over privacy - users have complete control over their personal data in accordance to their will and applicable laws.
- Confidentiality without penalty - confidential transactions do not cause bloating of the blockchain, avoiding excessive computational overhead or penalty on performance or scalability while completely concealing the transaction value.
- No trusted setup required
- Blocks are mined using Equihash Proof-of-Work algorithm.
- Limited emission using periodic halving.
- No addresses are stored in the blockchain - no information whatsoever about either the sender or the receiver of a transaction is stored in the blockchain.
- Superior scalability through compact blockchain size - using the “cut-through” feature of Mimblewimble makes the Litecash blockchain orders of magnitude smaller than any other blockchain implementation.
- March 2019 : Project started
- June 2019 : Mainnet launch
- July 2019 : Desktop Wallet App (Windows, Mac, Linux)
- Fully functional wallet with key generator and storage supporting secure and confidential online transactions.
- Full node with both transaction and block validation and full UTXO state management.
- Equihash miner with periodic mining difficulty adjustment.
- Batch Bulletproofs, the efficient non-interactive zero knowledge range proofs now in batch mode
- Graphical Wallet Application for Linux, Mac and Windows platforms
- Offline transactions using Secure BBS system