Latium [LAT] is the first Cyrpto Currency to utilize a non-technical deployment network. Latium cannot be mined, but can be acquired simply by signing up. There is no catch: you sign up, you get coins.
Latium coin is based on Proof Of Stake instead of Proof of Work. No mining is required to maintain the network. Every person that holds Latium is able to place coins at stake and is paid interest for doing so. This reduces the resources required to maintain the network.
Latium altcoin website: http://latium.cc
Latium does not allow mining, so it requires a mechanism to both validate the network and create new coins (similar to mining). Latium accomplished this by implementing inflation and using this inflation to pay interest to any user that mints a block.
Latium coin specifications:
- Block Time 150 Seconds
- Coinstake Maturity 48 Blocks
- Interest Rate 50%
- Transaction Fee .01 LAT
- Minimum Stake age 6 Hours
Latium coin can be exchanged on the following altcoin exchange sites:
- https://www.bittrex.com/Market/?MarketName=BTC-LAT
- https://coin-swap.net/market/LAT/BTC
- https://www.allcrypt.com/market?id=835
Latium links and resources:
- LAT block explorer: http://latium.cc/block.html
- Difficulty charts: http://latium.cc/difficulty.html
Get started with Latium – claim your 5 LAT totally free: click here to receive totally FREE Latium coins!
By Torzo July 30, 2014 - 19:11
Here’s my referral link if you want to help me out.
http://latium.cc/?a_aid=53d8bf67aa1bd
By Damir August 23, 2014 - 17:22
respect,
When I upgraded to version 0.7.4.0 wallet appeared to me this message:
A fatal error occurred. Latium can no longer continue safely and will quit.
EXCEPTION: St13runtime_error
CDB (): Can not open database file blkindex.dat, error 22
C: / Program Files \ Latium \ Latium-qt.exe in Runaway exception
Now I can not access my wallet. I’m afraid if I uninstall wallet lose its Latium’s. What should I do?
I apologize for my bad english!
Damir Vukovic
By urjit August 31, 2014 - 14:39
how to place coins at stake
By Chupacabra June 1, 2016 - 14:06
Because all of the code is open-sourced in the open system, many other currencies have spawned from it. There are hundreds of altcoins — from Litecoin to Namecoin to Auroracoin — that are all derived from the bitcoin technology, just with different alterations or derivations.