A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger.
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way".For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
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 Coin Profile
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.
Proof-of-Stake and Transparent Forging form are a powerful combination with substantial benefits over all other methods of coin verifying transactions:
The system is highly efficient and far less wasteful of resources. There is less incentive for centralised mining, as there is with PoW.
Forging can be carried out by anyone, and on the most low-powered computers (such as Android devices or a Raspberry Pi). The currency is more stable, as there is no inflation. Coins are earned through transaction fees alone. Transactions can be both fast and secure.
LELE is “green” it’s protocol in power consumption, since 100% PoS mechanisms don’t require massive amounts of electricity power like POW mechanisms do.
Many coins is based on Proof of Work where there are thousands of miners around the world crunching away at hashes and gobbling up TONS of power.
Proof of Stake doesn’t like that, so it’s important to realize that sometime at anytime any POW coins will exist when all of it is mined, all LELE that will ever exist already exists, so client wallets now forge (in LELE the term ‘mining’ is replaced with ‘forging’) for transaction fees. Since this can be done on a client wallet loaded on a PC/PI/HP, it is MUCH more environmentally friendly and power efficient.
LELE utilizes a 100% proof of stake (PoS) mechanism versus the proof of work (PoW) mechanism. This effectively removes a security risk inherent in POW coins, as the issue of a 51% attack and other vulnerabilities inherent to PoW coins become non-issues.
Moreover, Transparent Forging system eliminates not only the chance of a 51 percent attack, but anything up to a 90 percent attack. A security mechanism to prevent forked chains from being forged by high-stake nodes. This prevents against even a 90% majority owner of all LELE branching out and forcing a fork. LELE nodes has built-in functions to defend against DDOS attacks. All of this is an efficient, fast and elegant way to secure the network.
Forging
Forging (Solo Forging) It is elegantly simple, block generations with their transaction fees are competed for proportionally to all active forging wallets based on the amount of LELE a wallet has. So if a wallet has 1 million LELE, then they have 1/1000 of a chance of forging any block and receiving any transaction fees in that block. The math here is 1 million (amount the client has) divided by 1 billion (total LELE in existence) is 1000, so that is 1/1000 of a chance. An even added bonus is that it is your LELE balance that forges for you, not ASICs that requires lots of power, maintenance, and that depreciates in value and processing power. Instead of buying equipment to mine with, you just buy LELE to forge for more LELE with.
Pool Forging LELE implements a pool forging feature. Whenever u not have enough amount of LELE to do solo forging, or have not any device to do this, u still could join at pool forging as like as POW pool mining, just swap your Lelecoins to FORGE Token as an option.
For investors, our Pos platform allow you to get profit every month for staking your coin.
Token Distributions
Coin Symbol: LELE
Total Supply: 1,000,000,000 (1 billion)
Coin Base: Ardor (ARDR)
Block of Snapshot Announcement: 26th 2018
Airdrop Date: February 28th 2018
Airdrop Distribution: March 1st-3rd 2018 (Maximum)
Airdrop Target: IGNIS Holders
Airdrop Rate: 10 IGNIS - 1 LELE
Total Airdrop: 99,944,969.4 LELE
Download Mobile Lele Wallet
You can download LELE Wallet For Free at Playstore.
link : https://play.google.com/store/apps/details?id=me.ibrohim.walletYou can access online wallet like ; Full wallet, Lite wallet and you can download Node (Source).
Full wallet : https://wallet.e-chain.id/index.html
Lite wallet : https://lite.e-chain.id/
Download Node : https://github.com/lelecoin/lele
Team
Conclution
After reading some of the points from the Lele Coin discussion on Website & Whitepaper. I feel this is one of the most promising projects in the future. Seen from the increasing popularity of world cryptocurrency in the world.
Especially indonesian transactions and more investment has an advantage where we can see for yourself this is the original coin Indonesian products and his team all come from Indonesia.
What are you waiting to join us at https://e-chain.id/
More Information :
Website : https://e-chain.id/
ANN Thread : https://bitcointalk.org/index.php?topic=2939240.0
Facebook : https://www.facebook.com/LELEcoin1
Telegram : https://t.me/LELE_COIN
Twitter : https://twitter.com/Lelecoin_media
Author : Restu Siregar
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1285905