triputracrypto: LELE COIN - Lite Eco Ledger Elements

Greetings community,

INTRODUCTION

LELE is Combo (PoS and Transparent Forging)

Proof-of-Stake and Transparent Forging shapes are a powerful combination with the substantial benefits of all verifying coin payment methods: The system is highly efficient and far more resource-intensive. There is little incentive for centralized mining, as is the case with PoW. Forging can be done by anyone, and the least powerful computer (such as Android device or Pi Raspberry). The currency is more stable, because there is no inflation. Coins are obtained through transaction costs only. Transactions can be fast and secure.

Full Pure POS

LELE is a 100% Proof-of-Stake (PoS) currency. Consensus in decentralized digital currencies such as Bitcoin is achieved by requiring the resulting block to contain evidence that the node producing the block solves a computational hard task. Unfortunately the concept of a Proof-of-Work (PoW) based system tends to rely on self-destruction in the end.

The evidence (PoS) aims to replace the road to reach consensus within a distributed system; instead of breaking the Work-Proof, transactions may be added to blockchain or 'forged' by any member of the network. The nodes selected to forge a block are random, but the possibility to forge a block is proportional to their ownership in the network (the number of coins they hold).

The number of coins needed (also called targets) is determined by the network through a difficulty adjustment process similar to that of PoW which assures an approximate, constant block time. As in PoW, the process of generating blocks will be appreciated through transaction costs and bid models determined by the underlying protocol; which can also be seen as interest rates based on the general definition. The time between blocks is one minute. This increases the level of orphaned blocks but makes them more convenient for users. This simplifies and speeds up the transaction process.

Green Concept

LELE is "green" as a protocol in power consumption, because 100% PoS mechanism does not require a large amount of electric power such as POW mechanism.

Many coins are based on Evidence Jobs where there are thousands of miners around the world who quit smoking and consume a lot of energy.

The Stake proof is not like that, so it's important to realize that sometimes whenever a POW coin will be there when it's all mined, all existing LELEs are already there, so the client's wallet is now forged (in LELE the term 'mining' is replaced with 'forging') for transaction costs. Since this can be done on client wallets installed on PC / PI / HP, this is a LOT more environmentally friendly and energy efficient.

Scalable

LELE can be high-scale; This is possible with LELE because the transparency provided in the protocol will allow each user client to determine which nodes will generate the next block. Other nodes can then send their transactions directly to the node. It also allows additional costs to be realized immediately, priority transactions.

Forging

It's very simple, blocking the generation with their transaction fees competing proportionately with all the active wrought purses based on the number of LELE wallets. So if the wallet has 1 million LELE, then they have 1/1000 chance to forge any block and receive transaction fee on that block. The math here is 1 million (number of clients owned) divided by 1 billion (total existing LELE) is 1000, so 1/1000 chance. An additional bonus is your LELE balance forged to you, not ASIC that requires a lot of power, care, and depreciation in the value and processing power. Instead of buying equipment for my use, you just buy LELE to forge more LELE.

Pond forging

LELE applies the pool forging feature. Whenever you do not have enough LELE to do a forging solo, or there is no device to do this, you can still join in a pool forging like a pool mining, simply exchange your LELE coins to FORGE Token as an option.

Transparent Forging

PoS is theoretically vulnerable to attack, since anyone with enough stock can rewrite the blockchain for their own benefit. Transparent forging is an ingenious answer to this problem.

Although the node that forges the random blocks in the long run, in the near future is very easy to guess. This means the network knows where the next block should be falsified. If a node does not forge the expected block (perhaps because it works to build a chain of fraud), it is excluded from the network for a certain period of time. It is possible that the selected node is redistributed to all members of the remaining network.

51% Attack Proof & Security

LELE uses a 100% stock proof mechanism (PoS) versus proof of work mechanism (PoW). This effectively removes the inherent security risks on POW coins, as 51% of attack issues and other vulnerabilities attached to PoW coins become problematic.

In addition, the Transparent Forging system eliminates not only a 51 percent chance of attack, but anything that comes to a 90 percent attack. The security mechanism to prevent branching chains is falsified by nodes with high pegs. This prevents even the majority owner of 90% of all LELE branching and forking force. LELE nodes have built-in functions to survive against DDOS attacks. All of this is an efficient, fast and elegant way to secure the network.

Coin Inflation

Only 300 Million (Maximum - all including Airdrop) will spread to society & society in the ICO phase. 700 Million breaks will be locked and only 0.1% off every time the price rises 10% of the ICO price.

Get Coins For Free

Hold IGNIS coins in your own wallet, and get Airdrop 1:10, 1 LELE for 10 IGNIS

Doing Green Mining (aka Forging)

U will need a "mining rig" to mine Bitcoin and other POW coins. For the lowest type of mining Rig mining at least u need about $ 1,125. Exclude setup, power and maintenance. Your mining rig can be brick anytime. When hashrate rally, you are wasting an investment. That's not the case with LELE. It only takes one investment, you can combine whenever you want, or turn into fiat and any coin. LELE applies Forging, the best and green method for mining. U can use any kind of PC, Tablet, Mobile to do this. No need to setup and big power.

The total amount of LELE is 1 billion. Coins are only earned by charging transaction fees and with LRP Systems. Unlike other currencies with PoS mining, you do not have to worry about the amount of coins and inflation causing LELE forging (mining).

70% Total Supply for Miner / Forger

Compare with BTC and LELE Mining (Forging) Hashrate. Will compare the advantages between the two methods of Hashrate. BTC and PoW have always been beautiful mining systems. ie BTC just started with 1% and the rest belongs to the community until cool emerges. When ASIC appears, it belongs to the Mining Industry. The BTC mining system (including all POWs) has more mining rigs that mean more, less profit. When prices rise normally miners will also rise. It means more hashrate and less profit and the cost will be expensive. This can happen to LELE as well. But the conditions may be different from now.

Lock-in and Release at Price-up (LRP)

We want to introduce the LRP system. This system will be aligned between supply and demand, until the entire supply of the total is forged (mined). This system can reduce (hopely) high volatility in cryptocurrencies.

As prices rise, hashrate up causes more miners (counterfeiters) to join. Then 0.1% of the lock-in supply will be released whenever the price rises 10% of the ICO price to make corrections and try a stable price.
Key incoming coins will be released to counterfeiters (miners) as part of a cost reward by LRP-bots by about 70%, so they have the change to make more investment into the mine (forge) that will generate the price. The rest will be divided as a. Research Subvention (10%), b. Education Booster (10%), c. Re-Fuel LRP (10%). Then cycle through until all locked coins are released.
So with a rough calculation we need about 70% / 0.1% = 700% price rise. Easy to Pump and Dump and create chaos only with the price of 700% rise in ICO prices. 0.1% of the key supplies will be released to counterfeiters need to have terms and conditions.

The Harmonized Rule

Settings and resets LRP-bots are governed by price-up and price-drop. Gradually setup and reset will be on base 10%. For each price rise (10% up) LRP-bot will be setup and when the LRP-bot drop price will rearrange the base price to calculate / calculate the next LRP.
The coin (the remaining 0.1% is locked) when setup by LRP-bots will be released gradually over 365 days and will drop as a cost award by LRP-bots every 5 minutes (randomized between 15 to prevent abuse) and will stop and reset if the price drops again.
Market price will be taken every 1 second quiz (+7 UTC). Toll toll API market about 5-30 minutes, to set prices up and down.
Last drop price when LRP-bot reset, calculate based on price when addition of LRP of last compound / setup, will replace ICO price as base price to calculate / calculate next LRP.
Maximum 1 LRP is allowed in a day. 3 LRP compounds a week. 7 LRP compounds in one month. 50 LRP compounds in a year.
Every year LRP will "Separate" like POW mining system. But unlike the PoW half done in percentage. Minimize will add 90 days of gradual release, ie: If previously 365, will be 365 + 90 = 455 days. Etc.
LRP is a new method for POS types, which Alva Mantiri found to increase PoS prices and coin distributions, to make the PoS decentralization true. In developing to get the best results.

Lelecoin is made using a combination of SHA256 and Curve 22519 made with its own blockchain. Lelecoin is made with POS system, very sure the coin will develop quickly with the help of ARDOR platform facilities.

FORGING

Forging (Tempuran Solo) This is very simple, blocking the generation with their transaction costs competing proportionately with all active wrought purses based on the number of LELE wallets. So if the wallet has 1 million LELE, then they have 1/1000 chance to forge any block and receive transaction fee on that block. The math here is 1 million (number of clients owned) divided by 1 billion (total existing LELE) is 1000, so 1/1000 chance. An additional bonus is your LELE balance forged to you, not ASIC that requires a lot of power, care, and depreciation in the value and processing power. Instead of buying equipment for my use, you just buy LELE to forge more LELE.

Pool Forging LELE implements the pool forging feature. Whenever you do not have enough LELE to do a forging solo, or do not have the device to do this, you can still join in a pool forging like pool mining, just exchange your Lelecoins to FORGE Token as an option.

For investors, our Pos platform allows you to earn profits every month for staking your currency.