LELE is Lite Eco Ledger Elements. Our project are make more trade tools and develop improves features for Telegram user with LELE blockchain. LELE is an altcoin such as litecoin, peercoin, and many others. In the world where Bitcoin is king, altcoins only change parameters of the original Bitcoin code such as the hashing mechanism, the time between blocks, the starting difficulty, and so on. We developed our’s based on NXT source code. LELE develop anything as simple as can be even it’s not a simple coin. This scalable cryptocurrency offering a eco-friendly mining called forging. We will continue to developed features are outside the scope of regular altcoins.
LELE is the 100% Proof-of-Stake (PoS) currency. Consensus in a decentralized digital currency like Bitcoin is achieved by requiring generated blocks to contain a proof that the node which generated the block solved a computational hard task. Unfortunately the concept of the Proof-of-Work (PoW) based system tends to lean towards eventual selfdestruction.
Proof-of-stake (PoS) aims to replace the way of achieving consensus in a distributed system; instead of solving the Proof-of-Work, transactions can be added to the blockchain or ‘forged’ by any member of the network. The node chosen to forge a block is random, but the odds of forging a block are proportional to their stake in the network (the number of coins they hold).
The required amount of coins (also called target) is specified by the network through a difficulty adjustment process similar to PoW that ensures an approximate, constant block time.
As in PoW, the block generation process will be rewarded through transaction fees and a supply model specified by the underlying protocol; which can also be seen as interest rate by common definition.
Time between blocks is one minute. This increases the rate of orphaned blocks but makes it more convenient for the users. This simplifies and accelerates transaction processing.
LELE can scale high; this is possible with LELE because the transparency provided in the protocol will allow each user's client to determine which node will generate the next block. Other nodes can then send their transactions directly to that node. This also allows additional fees to be realized for immediate, priority transactions.
Proof-of-stake Parameters :
Coin reward through transaction fees
Mature Coins : 1440+ Confirmation (24 Hours) need before Forging Forging (aka Mining) :
1000 LELE (Minimum amount for Solo Forging)
1 LELE (Minimum amount for Pool Forging use FORGE Token)
Total Coin : 1.000.000.000 (1 billion)
Our Team
For more information please visit:
Website: https://e-chain.id/
Telegram: https://t.me/LELE_COIN
Whitepaper: https://e-chain.id/wp-content/uploads/2018/02/Lelecoin-Whitepaper-EN.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=2939240.0
Author: Crator Touch
BCT Profile: https://bitcointalk.org/index.php?action=profile;u=1612381
ETH Address: 0x4883E31Bb22ec89Dd8ddbf24C7F57C1317C58F7d