Spiderbyte was formerly known as Litecoin Plus. It began as Scrypt PoS 221,400 coins and 15% Annual Stake, and its name was Spiderbyte (SPB). It has not started via an ICO (Initial Coin Offering). It was originally written as Proof of Stake coin exercise. "Proof of stake" (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus.
Proof of Work was added back in 2018 with a block reward starting at 2 LCP and reducing by .25 LCP every 200,000 blocks until it reached .5 LCP. It is now controlled dynamically, and reward is reduced every so often to avoid creating all remaining coins too early. Also the PoS % is controlled dynamically.
With introduction of PALADIN-51 system in early 2020, several blockchain parameters may be adjusted dynamically, by community vote, to sustain even more the growth of Litecoin Plus. This is to reduce the number of mandatory software upgrades.
On April 22nd, 2022, PALADIN Software Development Pte. Ltd. was officially established. The coin is ongoing re-branding into SpiderByte. The company is incorporated in Singapore, and is devoted to develop and support SpiderByte for life !
Spiderbyte [SPB] is a cryptocurrency with its own blockchain.The most actual price for one Spiderbyte [SPB] is $0.008096. Spiderbyte is listed on 1 exchanges with a sum of 3 active markets. The 24h volume of [SPB] is $7.34, while the Spiderbyte market cap is $22 282.00 which ranks it as #2619 of all cryptocurrencies. You can find more information about Spiderbyte [SPB] on spiderbyte.co
#57
21.21%
#108
-13.52%
#3122
-0.16%
#6310
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Org. Structure | Decentralized |
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Open Source | Yes |
Consensus Mechanism | Proof of Work & Proof of Stake |
Algorithm | Scrypt |
Started |
7 May 2014
over 10 years ago |
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Website | spiderbyte.co |
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Source code | github.com |
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Asset type | Coin |
Explorers (2) | explorer.spiderbyte.co explorer2.spiderbyte.co |
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Tags |
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facebook.com |
How to buy Spiderbyte? How can I buy the Spiderbyte coin? Spiderbyte stock how to buy? How to get Spiderbyte?
To find out where you can buy currency Spiderbyte see the list of available exchanges.
Where to trade Spiderbyte?
Click here to see the list of available exchanges for Spiderbyte.
Spiderbyte was formerly known as Litecoin Plus. It began as Scrypt PoS 221,400 coins and 15% Annual Stake, and its name was Spiderbyte (SPB). It has not started via an ICO (Initial Coin Offering). It was originally written as Proof of Stake coin exercise. "Proof of stake" (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Proof of Work was added back in 2018 with a block reward starting at 2 LCP and reducing by .25 LCP every 200,000 blocks until it reached .5 LCP. It is now controlled dynamically, and reward is reduced every so often to avoid creating all remaining coins too early. Also the PoS % is controlled dynamically. With introduction of PALADIN-51 system in early 2020, several blockchain parameters may be adjusted dynamically, by community vote, to sustain even more the growth of Litecoin Plus. This is to reduce the number of mandatory software upgrades. On April 22nd, 2022, PALADIN Software Development Pte. Ltd. was officially established. The coin is ongoing re-branding into SpiderByte. The company is incorporated in Singapore, and is devoted to develop and support SpiderByte for life !
Mining Spiderbyte coin
Spiderbyte coin has a consensus mechanism: . You can mint these coins with the Scrypt algorithm.
Spiderbyte is a coin and it means this is a cryptocurrency that has its own blockchain and works independently from other cryptocurrencies. Examples of Coins: Bitcoin, Stellar, Litecoin.
What is the Spiderbyte coin cap?
Circulating supply of this Spiderbyte is 2752341. Total supply of this coin/token is 2752341. Max supply is 4000000.
What is the value of Spiderbyte coin?
1 Spiderbyte is worth $0.008096.
To get price and historical data for Spiderbyte coin, use API ID: lcp-litecoin-plus for endpoints at http://api.coinpaprika.com.