what is LELE?
LELE is the Eco Ledger Element Lite. Our project creates more trading tools and develops feature enhancements for Telegram users with LELE block chains. LELE is altcoin such as litecoin, peercoin, and many others. In a world where Bitcoin is king, altcoin just changes the original Bitcoin code parameters such as hashing mechanisms, time between blocks, initial difficulties, and so on. We developed our base based on NXT source code. LELE develops anything as simple as it is not even a simple coin. This measurable cryptocurrency offers an eco-friendly mining called forging. We will continue to develop features that are beyond the scope of regular altcoin.
LELE is a Combo
The Form of Proof of Stake and Transparent Forging is a powerful combination with great benefits over all other methods of coin verification transactions: The system is very efficient and much more wasteful of resources. There is little incentive for centralized mining, such as the one in PoW.
Forging can be done by anyone, and on the computer with the lowest power (such as Android device or Raspberry Pi).
Currency is more stable, because there is no inflation. Coins are obtained through transaction costs only. Transactions can be fast and secure.
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 blocking to contain evidence that the node that generates the block solves a difficult task of computing. Unfortunately the concept of a Proof-of-Work (PoW) based system tends to lean towards selfdestruction.
Green Concept
LELE "green" is a protocol in power consumption, because the 100% PoS mechanism does not require large amounts of power as the POW mechanism does.
Many coins are based on the Proof of Work where there are thousands of miners around the world chewing hash and devouring TON power.
Proof of Stake 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 the LELE will ever exist, so the client wallet is now forging (in LELE the term 'mining' is replaced by 'forging' ) for transaction fees. Since this can be done on the client wallet that is loaded on PC / PI / HP, it's much more environmentally friendly and power-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 send their transactions directly to the node. It also allows additional costs to be realized for immediate, priority transactions.
Forging
It's very simple, blocking the generation with their transaction fees competing proportionately for all active forging purses based on the number of LELE owned purses. So if the wallet has 1 million LELE, then they have 1/1000 the possibility of forging any block and accept any transaction fees on the block. The math here is 1 million (number of clients) divided by 1 billion (total existing LELE) is 1000, so that is 1/1000 of an opportunity. Even an added bonus is that your LELE balance is forging for you instead of ASIC which requires a lot of power, maintenance, and depreciation in the value and processing power. Instead of buying equipment to mine, you simply buy LELE to forge LELE with more.
for more details please visit the link below:
Website: https://e-chain.id/
ANN Thread: https://bitcointalk.org/index.php?topic=2939240.0
Facebook: https://www.facebook.com/LELEcoin1
Telegram: https://t.me/LELE_COIN
Twitter: https://twitter.com/Lelecoin_media
author: rahmatmusa
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