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LitecoinZ

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LitecoinZ
100px
LitecoinZ logo
Ticker symbolLTZ
Development
Original author(s)LitecoinZ community
Initial release1.0.14 / 16 January 2018 (3 years ago) (2018-01-16)
Latest release1.0.15.1 / 17 March 2018 (3 years ago) (2018-03-17)
Code repositorygithub.com/litecoinz-project
Development statusActive
Forked fromZcash
Written inC++
Operating systemWindows, OS X, Linux
Source modelOpen source
LicenseMIT License
Websitelitecoinz.info
Ledger
Ledger start9 December 2017 (3 years ago) (2017-12-09)
Timestamping schemeProof-of-work
Hash functionEquihash
IssuanceBlock reward
Block reward50 LTZ
Block time2.5 minutes
Block explorerexplorer.litecoinz.info
Supply limit84,000,000 LTZ

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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.[1]

History[edit]

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[edit]

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[edit]

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

References[edit]

  1. "Zcash Protocol Specification" (PDF). October 4, 2016.

External links[edit]


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.