Even though I wasn’t too convinced about LitecoinDark when it first launched, I do feel it is time we take a closer look at this altcoin. They have released a new development roadmap, achieved a 5+ Proof of Developer rating, and much more. Here we go!
The main reason why I didn’t think highly of LitecoinDark in the beginning, was simply because of it’s name, and the fact it was released shortly after BitcoinDark. It just sounded a bit too convenient and sketchy to me, so I gave the coin some time to develop further and see where it went.
LitecoinDark’s goal is to be a fast and anonymous version of Litecoin, with an even higher focus on decentralization. Other things being looked at include SuperNET and a better difficulty re-targeting system.
As you would come to expect from LitecoinDark, it is a Scrypt cryptocurrency. What most of you probably didn’t expect, is the fact there would be little over 82 million coins to be generated. Slightly less coins than the original Litecoin. Interesting twist!
The LTCD whitepaper is quite an interesting document to look at to be honest. It is well written and gives us a lot of insight in what the goal of LitecoinDark is, how it will be achieved, who makes up the team, and many more interesting bits of information.
For example, did you know the LitecoinDark team consists of only two members? It came as quite a surprise to me to be honest, but I’m sure they can make it work. Programming skills, passion, marketing skills and dedication can make LitecoinDark a cryptocurrency to keep an eye on.
As requested by several community members, LitecoinDark has gone through the Proof of Developer test , and come out with a 5+ PoD rating. You can find out more details about that process by clicking here.
I did mention LitecoinDark has been working on a better difficulty re-targeting implementation. A Difficulty Shield has been implemented, which allows for the use of alternative difficulty algorithms. This makes LTCD multipool-resistant , which is never a bad thing to have when your coin uses the Scrypt algorithm. An adapted version of DigiShield will be written for DiffShield in the future.
LitecoinDark will also have the Tor protocol integrated in their client. Even though many other altcoins have also taken this route, it does still provide a form of user privacy. The Tor integration is expected to be completed over the next few weeks.
The “dark” part of LitecoinDark refers to the implementation of DarkSend, which allows users to send transactions anonymously. DarkSend is a feature used by some of the more established anonymous altcoins, and its code has been reviewed multiple times by multiple experts. DarkSend is scheduled to be implemented over the coming weeks as well.
One of the upcoming features for LitecoinDark is sending notes to other users. The idea is to allow the sending of notes with or without transactions, which sounds rather promising. This feature is currently at the top of priority list, and will be released during the month of October.
The final feature to be released during the month of October is Proof-of-Stake. Even though this is already in the codebase,the switch to Proof-of-Stake will occur at some point in October, so we will keep an eye out for that.
Services are an important aspect of making a successful cryptocurrency, and there are plans in motion to bring a paper wallet, more games and a rich list to LTCD. By the looks of it, October will be quite a busy month for the LitecoinDark community!
In order to bring more awareness to LitecoinDark, there will be a bigger focus on marketing during October as well. Both tipbots and a video contest are scheduled for October and November, bringing even more good stuff to LTCD.
For a complete overview of the LitecoinDark whitepaper and roadmap, click here.
Halving: 12813 blocks
Initial coins per block: 3200 coins
Target spacing: 1 minute
Target timespan: 5 hours
Coinbase maturity: 5 blocks
Max Coins: 82.003.200
Website : http://www.litecoindark.com/
BitcoinTalk : https://bitcointalk.org/index.php?topic=760143.0
Twitter : https://twitter.com/LitecoinDark
Facebook : https://www.facebook.com/litecoindark