LiteBar (LTB) is the silver to Bitbar’s gold. LiteBar is a product that is electronic in nature. LiteBar is a derivative of Litecoin.
LiteBar (LTB) is an open source technology. LiteBar is similar to LiteCoin and uses peer to peer technology. This peer to peer technology of LiteBar functions without the control of any central authority.
LiteBar (LTB) uses Scrypt. Scrypt is on mechanism of Proof of Work (PoW). It is a digital commodity with the intention of to be used as a method to store wealth. This process is similar to BitBar.
The user can store LiteBar just as a precious metal. LiteBar can also be used like an international currency. It was especially developed to make its value can appreciate over time. This is absolutely opposite to the tendency of conventional currency.
LiteBar uses Scrypt as its algorithm and mechanism of PoW. LiteBar has a block time and block target of 180 seconds. LiteBar provides 4 confirmations as its confirmation. The difficulty is retargeted in LiteBar at each block using the Gravity well of Kimoto for its difficulties. The number of total LiteBars (LTB) those are rewarded are 1350000 (1.35 million) only. This makes this bar a rare bar. The type of design of LiteBar is production of designs that is linear, of LiteBar, of which rewards will half once only. It will keep on halving till it reaches to the minimum 1 LiteBar reward. The life span of LiteBar mining is that the process of LiteBar generation will be for the period of only 5 years, starting on year 2015 to the year 2019. It will be everlasting after this period of time.
No pre-mine for this LiteBar LTB is yet decided. The block rewards are for blocks in the beginning, a number of seven thousand two hundred blocks would fetch five LTB for each block for a fortnight. This block reward will be extended from 7200 blocks to 438000 blocks and will be 2 units per block, which will be halving for once. This block reward will be further extended from blocks 438000 to blocks 876000, which will be 1 unit per block.
LiteBar is a mineable crypto currency. The miners can mine LiteBar solo using her/his personal computer with the help of special mining hardware. The miner can also join mining pool to mine LiteBar.
LiteBar is a digital commodity designed for the purpose of storage as wealth. LiteBar is the silver of the future. The value of LiteBar will always appreciate, contrary to other conventional currencies. It has a great potential.
Born in 2008, with the bitcoin being the first open-source and widely popular cryptocurrency, the fad associated with them seems to have died down. Th
Dash is a new breed of cryptocurrency, which is a promising alternative coin (also called altcoin) to Bitcoin. In this article, we’ll deal with a br
Mark Cuban June-05-2018
On 29th April 2018, UNICEF Australia proclaimed an initiative which allows a user to hand over his o
There was a time when 10,000 BTC coins would buy 2 pizzas. This was around 8 years back. Now, one
In its past reports, CCN made a note that the 8,200 USD resistance level seems to be a crucial st
Tony Scott May-16-2018
In a meeting with CNBC this Monday, i.e. 14th May, a top-rated policymaker of the US spoke in sup
Jeremy Liew May-08-2018
Sergey Brin, the co-founder of Google says Ethereum mining has assumed an important part in the curr
Tony Scott May-07-2018
The Bitcoin blockchain left its mark in April with the 17 millionth Bitcoin being mined. In case you
Tony Scott May-05-2018
Bitcoin and Ethereum are two world-renowned cryptocurrencies that have led the crypto market and sur
Jeremy Liew May-04-2018
Today, digital currencies are doing kind of things that investors and Wall Street have never seen be
After long, the world’s most popular cryptocurrency, Bitcoin seems to come back. The &lsquo