What is Litecoin Finance?

Litecoin Finance is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin Finance is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin Finance features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin Finance is a proven medium of commerce complementary to Bitcoin.

Community

Find support across a growing number of Litecoin Finance communities:

Resources

Up-to-date network statistics can be found at Litecoin Finance Block Explorer Charts.
Source code for Litecoin Finance Core and related projects are available on GitHub.

Open Source Software

Litecoin Finance is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Blockchain

The Litecoin Finance blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

Wallet Encryption

Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Litecoin Finances.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

Mining Reward

Litecoin Finance is a CPU only mining algorithm called YesPoWerR16. Miners are currently awarded with 50 (this value returned after hardfork at block 1858800) new Litecoin Finances per block, an amount which gets halved roughly every 840,000 blocks.
The Litecoin Finance network is therefore scheduled to produce 170835000 Litecoin Finance coins.

Litecoin Finance Technical Specifications

Name of the coin: LitecoinFinance
Ticker: LTFN
Start fork block: 1550000
Block Time: 150s
Old Pow Algorithm Before Epoch 1618941625: YescryptR32
New Pow Algorithm After Epoch 1618941625: YesPoWerR16
P2P Port: 39328
RPC Port: 39327
Address letter prefix: C
Multisig Address prefix: letter N
Bech32 Address prefix: ltfn
2-way replay protection: Yes
Maturity: 100 + 1 blocks
Block maximum size: 8 mb
Difficulty Re-target: Every block
Maximum coin supply: 170835000
Block Reward - block > 1858800: 50 coins before we reach halving block
Network magic: a7b388e9
There is NO ICO