LitecoinZ

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LitecoinZ
File:LitecoinZ logo 250px.png LitecoinZ logo
Ticker symbol	LTZ
Development
Original author(s)	LitecoinZ community
Initial release	1.0.14 / 16 January 2018 (2018-01-16)
Latest release	1.0.15.1 / 17 March 2018 (2018-03-17)
Code repository	github.com/litecoinz-project
Development status	Active
Forked from	Zcash
Written in	C++
Operating system	Windows, OS X, Linux
Source model	Open source
License	MIT License
Website	litecoinz.info
Ledger
Ledger start	9 December 2017 (2017-12-09)
Timestamping scheme	Proof-of-work
Hash function	Equihash
Issuance	Block reward
Block reward	50 LTZ
Block time	2.5 minutes
Block explorer	explorer.litecoinz.info
Supply limit	84,000,000 LTZ

Search LitecoinZ on Amazon.

LitecoinZ is a cryptocurrency which provides privacy for its users with support for shielded addresses. Payments may be spent from a shielded address to an unshielded address and vice versa or between two shielded address. Z-addresses use Zero-Knowledge Succinct Non-Interactive Argument of Knowledges (zk-SNARKs) to keep transactions private. These proofs provide evidence of ownership without revealing which units are owned.

History

LitecoinZ genesis block was laid on 9th December 2017. The code is based on Zcash which itself is based on Bitcoin plus many backport from Bitcoin. LitecoinZ does not share any transaction history with Zcash or any other crypto currency. As such, it was a completely new crypto currency at it's inception.

LitecoinZ payments are published on a public blockchain. Like Bitcoin, the addresses of the sender and recipient of transparent payments can be publicly viewed on the blockchain. Z address transactions may not be decoded on the blockchain unless you have a private key or viewing key. LitecoinZ has a fixed total supply of 84 milion coins which is 4 times bigger than Bitcoin.

Miners are currently awarded with 50 new LTZ per block, an amount which gets halved roughly every 4 years (every 840,000 blocks) like in Bitcoin.

LitecoinZ is also the first cryptocurrency project, deriving from a Zcash fork, in which public keys, private keys and genesis block were generated from scratch. To complete the hard work of the developers, LitecoinZ is the first project of the "Z" family with a working and updated wallet for Windows, OS X and Linux operating systems, with a native graphic interface.

LitecoinZ native graphical interface

LitecoinZ Vs other coins

	LitecoinZ	Bitcoin	Litecoin	Bitcoin Gold	BitcoinZ	Zcash
Symbol	LTZ	BTC	LTC	BTG	BTCZ	ZEC
Total Supply	84 million	21 million	84 million	21 million	21 billion	21 million
ASIC-resistant	✔	─	─	✔	✔	✔
Privacy	zk-SNARKs	─	─	─	zk-SNARKs	zk-SNARKs
Block Time	2.5 min	10 min	2.5 min	2.5 min	2.5 min	2.5 min
Block Size	2 MB	1 MB	1 MB	1 MB	2 MB	2 MB
POW Algo	Equihash	SHA256	Scrypt	Equihash	Equihash	Equihash
Diff Adjustment	Every Block	2 Weeks	3.5 days	Every Block	Every Block	Every Block
Block Reward	50	12.50	25	12.50	12,500	12.50
Block Reward Halving	4 years	4 years	4 years	4 years	4 years	4 years
Devs Reward	─	─	─	─	─	20%
Native GUI	✔	✔	✔	✔	─	─
Linux Wallet	✔	✔	✔	✔	✔	✔
Windows Wallet	✔	✔	✔	✔	out of date	─
MacOS Wallet	✔	✔	✔	✔	─	─
Blockchain obfuscation	✔	✔	✔	✔	─	─

See also

• Legality of bitcoin by country
• zk-SNARKs
• Zcash

External links

• Official website
• Source code

This article "LitecoinZ" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:LitecoinZ. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

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