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2019-02-22T06:10:36Z

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foo>Stanqo: Created page with "{{#seo: |keywords=Levcoin,bytecoin,cryptonote,LVC |description=Levcoin is an cryptocurrency based on the CryptoNote protocol }} '''Lev''' ("Coin" -..."

2018-03-25T15:38:42Z

Created page with "{{#seo: |keywords=Levcoin,bytecoin,cryptonote,LVC |description=Levcoin is an cryptocurrency based on the CryptoNote protocol }} '''Lev''' ("Coin" -..."

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{{#seo:
|keywords=Levcoin,[[bytecoin]],[[cryptonote]],LVC
|description=Levcoin is an [[cryptocurrency]] based on the [[Cryptonote|CryptoNote]] protocol
}}

'''Lev''' ("Coin" - Esperanto) (LVC) – is an crypto currency with an open source code, based on the [[blockchain]] technology.

It was created in December 2017. It works on Windows, Mac and Linux. Unlike crypto-currencies, which are derived from [[Bitcoin]], Levcoin is based on the [[Cryptonote|CryptoNote]] protocol and has significant algorithmic differences related to obfuscating ("mixing") of the data inside the [[blockchain]]. It is denoted by the LVC code.

== Technological characteristics ==

[[Mining]] of Levcoin is based on the principle of PoW ([[Proof-of-work]]): the miners receive a reward for solving cryptographic problems, as a result of which a new [[block]] is added to the [[blockchain]] every two minutes.

Levcoin emission is limited to 9 million Levcoins.

The main difference between Levcoin and other crypto-currencies is the use of [[Cryptonote|CryptoNote]] protocol for encrypting of transactions. This protocol works on the principle of ring signature, in which any member of any closed group can leave the electronic signature – but the person who did it will never be known. Also, the protocol provides passive mixing of the transactions themselves so that they are all anonymous.

However, [[anonymity]] requires large resources, primarily memory: Levcoin transactions take up on average 8 times as much space as [[Bitcoin]]'s transactions take.

== References ==

https://levcoin.net/

http://spock.levcoin.net/
[[Category:Cryptocurrency]]
[[Category:Alternative cryptocurrency]]

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Admin: 1 revision imported

foo>Stanqo: Created page with "{{#seo: |keywords=Levcoin,bytecoin,cryptonote,LVC |description=Levcoin is an cryptocurrency based on the CryptoNote protocol }} '''Lev''' ("Coin" -..."