LiteDoge is a crypto coin which is lite version of DogeCoin. There is zero pre mine with LiteDoge crypto coin. LiteDoge crypto coin is a hybrid between Proof of Work (P0W) and Proof of Stake (PoS) coin, which is with a short period of mining. This is now over, moving to Proof of Stake (PoS). This Proof of Stake coin has a reward that is variable and is continuously dropping with time. LiteDoge crypto coin is making its efforts to follow the footsteps those were successful of the original DOGE coin. Time will only tell about its future.
LiteDoge follows Scrypt algorithm, with Proof of Work (PoW) and Proof of Stake (PoS) system. LiteDoge follows Proof of Stake 2.0 similar to Blackcoin as because Proof of Work ended at block 8,000. LiteDoge has variable Proof of Stake block reward. Presently the block reward is 16,000 LDOGE but it is going down to 6,000 LDOGE. LiteDoge has the maximum coin limit of approximately 35 billion LDOGE. LiteDoge block time is 64 seconds with a minimum age of 8 hours. The block maturity is at 510 blocks and its difficulty is retargeted at every block. LiteDoge operates with wallets with Windows and Mac operating system. LiteDoge is now Proof of Stake coin only and no mining pool is available for mining LiteDoge coins LDOGE. LiteDoge is available at Yobit and Cryptopia crypto coin exchanges.
The LiteDoge crypto coins can not be mined. The user has to buy some LDOGE to start using the coin. The user needs to download a LiteDoge wallet first. The user has to set a password for the wallet and unlock the wallet for beginning of staking. The user has to now transfer her/his LDOGE to the new wallet and has to wait foe minimum eight hours, because of the 501 confirmations. The user can now stake on woof and start receiving block rewards. The user must keep in mind to make a backup of her/his wallet for security reasons. LiteDoge Wallet current version is 188.8.131.52 .
Though LiteDoge is not a minable crypto coin, the user can mine other crypto coins on pro hashing and get paid in LiteDoge LDOGE, with Scrypt or X11.
LiteDoge is currently a no risk crypto coin. There is no chance of the LDOGE prices going down. It has to go up with time. The investors have nothing to fear about buying LiteDoge LDOGE right now. LiteDoge is trying to follow the successful steps of DOGE. Hopefully it will be able to achieve that.
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