New Litecoin Hard Fork to be Implemented

The team of Litecoin Private will fork Litecoin on block height 1407299
16 April 2018   1213

In February we have reported about the LitecoinCash fork, which was supposed to have such feature of new coin as introducing 10:1 claim ratio instead of traditional 1:1 ratio. The new Litecoin hard fork is coming in just a few days, it has emerged recently.

Litecoin Private should allow private transactions due to the utilization of zkSNARKs, and smart contract capabilities alongside with the "revolutionary" DAO Management Engine. Litecoin Private is currently in the form of ERC20 futures token running on the Ethereum blockchain.

We will do a community airdrop through our ethereum smart contracts to distribute a total of 21,000,000 LTCP [ERC20] fairly to the community for free and at a later date we will fork Litecoin and merge the [ERC20] LTCP coins with forked LTC coins (42,000,000 + 84,000,000), creating a total supply of 126,000,000 LTCP. Then we will distribute most of the remaining converted ERC20 coins in another community airdrop, this time directly through LTCP smart contracts. 
 

Litecoin Private statement

Litecoin Private Features:

  • Fast. Thanks to 5 second block time the transaction speed of LTCP is under 5 seconds in most scenarios. This makes LTCP up to 200x faster than BTC and about 50x faster than LTC.
  • Private. Due to the utilization of the revolutionary zkSNARKs technology, it should be able to provide private transactions through LTCP, similar to those in Monero, ZClassic and other privacy coins.
  • Scalable. With significantly increased block size, Litecoin Private is capable of doing up to 300 TPS, which is 75 times more than Bitcoin.
  • Smart Contracts. LTCP will be the first blockchain to allow smart contracts with complete transaction privacy. Furthermore, thanks to our DAO Management Engine (DAOME), it's incredibly easy to create a DAO on the LTCP blockchain.

The team of Litecoin Private will fork Litecoin on block height 1407299, which is approximately on 21 of April 2018. Moreover, desktop wallets alongside with the source code will be released soon.

Bitfinex to support the Onward EOS Mainnet Token Swap

EOS.io, blockchain set to enable vertical and horizontal scaling of decentralized apps, gains support from a full-function trading platform Bitfinex
19 April 2018   144

The promotion is necessary for major digital assets and cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more. Bitfinex suggests margin trading via a peer-to-peer funding market, that lets users to trade safely with up to 3.3x leverage. Bitfinex statement supporting the upcoming EOS MainNet Token is impacted by the psychology of the cryptocurrency- world’s investors and Block.one, the founder of the technology has spoken a great deal about how EOS will change the world.

With the release of EOS.IO, everything will be better, faster and cheaper, everything will be more connected, everything will be more trustworthy, everything will be more secure, everything that exists is no longer going to exist in the way it does today, everything in this world is about to get better.
Brock Pierce, partner, Block.one

Block.one has confirmed this statement by the credibility of their CTO, Daniel Larimer, who has previously established and deployed two of the most used decentralized applications to date. the developer worked on the Bitcoin technology in the initial stages and did not think it would perform adequately. Daniel developed a extensible highly efficient Blockchain architecture, now widely known as Delegated Proof of Stake [DPOS]; today DPOS operates the majority of all blockchain transactions globally.

Bitfinex aid for the EOS MainNet token would promote the following advantages to the exchange – As EOS transitions from Ethereum to its MainNet chain, it will let  them to manage all technical demands related to the swap to guarantee a smooth token registration process for all users storing EOS on Bitfinex.

Bitfinex EOS MainNet Token Swap is stated to take place in June (more details will be  accessible at the start of June).