Project name : Lakran Cryptocurrency
Lakran Site: https://lakrancoin.com
Token/Coin Name : Lakran
County of registration : Belarus
Ticker Symbol : LAK
Decimals : 12
Used Blockchain : CryptoNote (CryptoNight-Lite v7)
Mining algorithm : POW (GPU/CPU)
Total Supply : 18.446.744, 073709551616 LAK
Circulating Supply : 4.000.000 LAK (20%)
Block reward : Smoothly decreasing by special formula (now 13.8 LAK)
Block time : 120 seconds
Difficulty : Retargets at every block
Pre-mine supply : 300.000 LAK (2%)
“Most Powerful Decentralized Autonomic Confident Payment System
Platform for implementation of ultra anonymous and secure worldwide transactions with super-low fees.”
Pavel Duglas (CEO, Lead Blockchain):
Vitaliy Shabrov (CTO, Senior Developer):
Arseniy Kravchenko (Product manager)
Nikolay Koldyrkaev (Blockchain & Strategy Adviser):
LAKRAN is for people who want to pay and live freely, who want to be part of the cryptocurrency revolution and want to try something new.
It is based on the CryptoNote protocol and uses the CryptoNight-Lite algorithm, and features:
True anonymity & data protection
Untraceable payments uses ring signature
Unlinkable transactions with random data by the sender
Blockchain analysis resistant
CPU/GPU mining, ASIC-resistant
Lakran’s lightweight PoW (CryptoNote-Lite) allows for faster verification of the blockchain.
Blockchain pruning for scalability
Pruning allows the blockchain to stay small and not outgrow devices with limited storage. This feature also improves anonymity by reducing age-based attacks.
Lakran helps this issue by using a 4-minute blocktime. Coupled with our lighter PoW, sync times on lower end devices can be improved by 10x or more.
Optional lightweight transfers
Lakran also allows for traceable transfers. These are a faster lower-fee option for non-sensitive payments, like transferring to/from exchanges.
Lakran is a cryptocurency that works on the blockchain operated by a multitude of nodes around the world.
Lakran readjusts the difficulty with every block to react to even the slightest hashrate changes. In addition, Lakran’s emission curve is smooth which prevents mining reward drops.
Hash code optimization
Since the CryptoNight-Lite algorithm is four times easier and more operational than usual, this increases the efficiency of the system by 4 times.
The number of blocks in the blockchain chain, the complexity of mining, the maximum number of coins issued depend on the needs of the system, first of all - on the needs of users. And they are regulated by specially created algorithms, not developers.
Double Spend Protection
In a system protected by CryptoNote algorithms, each transaction is accompanied by a unique key. And it’s impossible to use the same key twice. This protects against dishonest users or random system errors. The identity of the user who wanted to spend “double waste” is not disclosed, but the transfer is canceled.
Bitcointalk PRE-ANN: https://bitcointalk.org/index.php?topic=5122016