Levcoin
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 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 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.
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