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README.md

alt text

Litecash is the next generation scalable, confidential cryptocurrency based on an elegant and innovative Mimblewimble protocol.

twitter | Litecash Discord

MAINNET IS LAUNCHED & ACTIVE!

https://lite.cash

Peers:

node01.lite.cash:10000

node02.lite.cash:10000

node03.lite.cash:10000

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.

Roadmap

  • March 2019 : Project started
  • June 2019 : Mainnet launch
  • July 2019 : Desktop Wallet App (Windows, Mac, Linux)

Current status

  • 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
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