THE FUTURE OF ECOSYSTEM
Founded in 2014 and initially developed as a Scrypt PoS coin, LitecoinPlus (LCP) effectively iterates on Litecoin's robust foundations with a host of important functional enhancements, enabling to focus on both security and sustainability of the ecosystem.
The decision to use PoS, which is intrinsicly a green algorithm (i.e. computationally not intensive), serves to future-proof the coin against debilitating energy requirements inherent in mass adopted PoW coins such as Bitcoin.
LCP was subsequently upgraded to a PoW/PoS hybrid, bolstering resistance to attack compared to coins that utilise PoW or PoS exclusively as well as empowering users with flexibility in how new coins are minted.
Low coin supply and healthy ratio of outstanding to total supply position LCP favourably with respect to long term stability and ultimately as a viable next generation commodity and store of value.
Due to the low max coin supply (4.000.000 coins), LCP is considered a commodity, and a valuable storage for wealth.
With new block every 30 seconds, transactions are confirmed within seconds.
Hashing Algorithm Scrypt
Block Time: 30 seconds
PoW Reward: 1.75 LCP
PoS Reward: 15% LCP
Difficulty Retarget: 1 block