LiteGenX is a fork of Bitcoin Green however customized to have Zerocoin Protocol as well as Green Protocol (https://github.com/bitcoingreen) that forked Dash that forked Bitcoin
LiteGenX is a sister coin of GenesisX and isn't connected to any of the GenesisX projects however both projects will work together and benefit eachother is various ways such as financially funding developments on either project and giving eachother a bit of guidance.
LiteGenX forked Bitcoin Green so inherits the Green Protocol which is a highly efficient Masternode/Proof-of-Stake algorithm developed to improve Bitcoin’s scalability and stability. However by the end of January 2019 we will also have Zerocoin implemented to promote private transactions and increase anonymity on our blockchain.
-The Green Protocol which LiteGenX inherited is Bitcoin Greens smart solution, and operates via three clear and democratic processes. First of all, proof-of-stake and masternode only mining, this means that mining is both energy efficient and profitable. Next, combination with fixed block reward. This means that the inflation of LGX, directly flows back into the value of LGX coin holders, in proportion with their current stake. This means coin holders actually make the most from the currency, not third party miners as we see with Bitcoin. Finally, a fair distribution. This is a democratised and eco friendly process, that ensures all members of the community have incentives within improving the network via clean technology.
-When sending LiteGenX Zerocoins, the process works exactly like Bitcoin, with transactions recorded in a public ledger. However, the Zerocoin protocol involves destroying your LiteGenX to mint a LiteGenX Zerocoin. Zerocoins are new coins with no transaction history. “You can think of the Zerocoin layer as a form of coin laundry where you will put in your existing ‘dirty‘ coins (that have a long transaction history) and then redeem new ‘clean‘ coins that appear to be brand new and have no prior transaction history.” You are then able to use the Zerocoins in a spend transaction, which converts the LiteGenX Zerocoins back into the normal LiteGenX. With many people minting Zerocoins, it will not be obvious who the spent Zerocoins came from, thus preserving your anonymity.
| Consensus Algorithm | PoS + zPoS Hybrid |
| Block Time | 60 Seconds |
| Mature Time | 6 hours |
| Difficulty Retargeting | Every Block |
| Max Coin Supply | 32,000,000 LGX |
| Premine | 2000,000 LGX |
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