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LitecoinZ (LTZ)

LitecoinZ (LTZ)

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Information:

Blockchain: LitecoinZ
Ticker: LTZ
Type: Cryptocurrency
Proof type: Proof of Work (PoW)
Algorithm: Equihash n=144,k=5
Block time (sec): 600

Market Cap:

$27 301

Supply:

Circ.*: 30 015 846
Total: 84 000 000
Max: 84 000 000

Explorers:

Social Media:

News & Media:

* The circulating and total supply can be subject to changes. Always check the official website.

LitecoinZ Price Chart

LitecoinZ Price

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What is LitecoinZ?

LitecoinZ was born as community project in January 2018 as code fork from Zcash, but unlike Zcash (and other forks), LitecoinZ has some differences:

  • own pszTimestamp
  • own pchMessageStart
  • own P2P and RPC ports
  • own Genesis block
  • 84,000,000 as total supply
  • 50 coins as block rewards
  • rewards halving each 840,000 blocks (~4 years)
  • performance improvements from original Bitcoin source code
  • Native Wallet GUI

When Antminer was released, to remain ASIC resistant, LitecoinZ changed its PoW algorithm from Equihash n=200/k=9 to n=144/k=5 ensuring its network decentralization. ()

But the biggest jump occurred in October 2020, when starting from a copy of the original 0.19 Bitcoin source code, LitecoinZ was completely rewritten from scratch by porting the original code inherited from Zcash (and changes from LitecoinZ) on it. In this way, now, LitecoinZ is in pair with original Bitcoin Source Code and has all features of it (up to Bitcoin version 0.19) and has privacy and anonymity from Zcash. (https://github.com/litecoinz-core/litecoinz)

On this version coinbase management has been relaxed, removing the enforcement to shield them to z-addresses before using them leaving users the choice to perform this operation or to spend directly them. (https://github.com/litecoinz-core/litecoinz/commit/f7cf601e2eca2cfa245c072cb96a7b43cef7136b)

LitecoinZ has also removed the “deprecation height” inherited from Zcash and present on each fork from it. In this way mining pools and exchanges has no need to upgrade LitecoinZ wallet due to expiration height reached but only if significant changes have been made to the code and therefore need an update. (https://github.com/litecoinz-core/litecoinz/commit/245e6583af59f551b7a73daa7ddf6335ecdff547)

LitecoinZ has also removed the “expiration by height” inherited from Zcash and present on each fork from it. In this way transactions expiration is managed by original Bitcoin source code that expire never confirmed transactions after 72 hours. (https://github.com/litecoinz-core/litecoinz/commit/33be9d27bc6bff7d5ab1ff81bf71c590540d0632 and https://github.com/litecoinz-core/litecoinz/commit/a607d32f113969eac226f33c3266d52970e7364e)

LitecoinZ has successfully passed its first 2 soft fork activating CSV at height 585,000 and Segwit at height 590,000.

At height 600,000 LitecoinZ has also passed its 3rd soft fork switching difficulty adjustment algorithm from Digishield to Lwma and block time from ~150 seconds to ~600. (See https://github.com/zawy12/difficulty-algorithms/issues/3 and https://github.com/zawy12/difficulty-algorithms/issues/1 for details about Lwma)



Coin information:
LitecoinZ with the ticker LTZ is a decentralised cryptocurrency with a current market cap of $26 568.
The algorithm of the blockchain is ‘Equihash n=144,k=5’ and it has a ‘Proof of Work (PoW)’ proof type.
It currently has a circulating supply of 30 015 846, a total supply of 84 000 000 and the max supply is 84 000 000 LTZ.

Visit litecoinz.org for more information about LitecoinZ and which wallet to use to store LTZ coins.
You can use this block explorer to track the balance of an address and all the transactions: litecoinz.org

Price information:
The current price of LitecoinZ (LTZ) is $0.0009, which is a price change of 265.15% in the last 24 hours on a trading volume of $0.
On 6 Nov 2019 LitecoinZ reached an all-time-high price of $0.25. This is a difference of around -100% relative to the current price.

You can buy around 113856.3141 LTZ now for $100, which will be worth a total of $28644 at ATH.
LitecoinZ can be traded at these exchanges.

All prices are in USD. Last updated: 8 minutes ago.

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