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:
Latium links and resources:
Get started with Latium – claim your 5 LAT totally free: click here to receive totally FREE Latium coins!