What is Litheum?
Litheum is a new hyper-scalable L1 blockchain that works on a novel consensus algorithm called Proof of Performance!
Proof of Performance is designed so that hardware deployed to secure the network increases throughput. This innovative approach transcends the limitations of the blockchain trilemma.
As Litheum scales, its decentralization factor increases!
What is the Story Behind Litheum?
Once upon a time, Bitcoin united visionaries around financial freedom and “not your keys, not your coins.” Cash was its killer app. But in 2017, tragedy struck: blocks filled, scaling the chain needed to be addressed, the community split, and Bitcoin shifted from digital cash to digital gold.
At Litheum, we see this scaling dilemma as existential for blockchain. Without on-chain payments, users lose self-custody and return to centralized exchanges instead of banks. Everyone compromises—on user experience, onboarding, privacy, microtransactions, AI, DePin, oracles, bridging, DeFi, GameFi, and more—because of the lack of scale.
We believe this problem can be solved. Proof of Performance can enable billions of on-chain transactions to take place everyday.
How Does it Work?
At Litheum, we say blockchains should only be 1,000 times slower or costlier than cloud infrastructure, for ex. AWS. Yet today’s secure blockchains are a billion times slower, akin to 1955 computers. They’re limited because critical functions aren’t incentivized, relying on volunteers. This is known as the un-incentivized RPC problem. Bitcoin is the most decentralized because a full node runs on a $20 device with commodity internet.
In consensus design, to prove that a contribution has been made there needs to be a ‘difficulty’. In Proof of Performance, the blockchain itself is the difficulty. The ‘difficulty’ is designed to also provide utility. This is done by measuring the RPCs and rewarding Runners for providing them. This enables unbound block sizes that adjust with supply and demand. This functions through attaching a proof to requested node data. When this data is included in a transaction, the Runner is rewarded.
Essentially, as Litheum becomes more secure it grows more performant. Usage strengthens the chain!
Litheum Ecosystem Overview
The Litheum ecosystem is built around its innovative blockchain design and includes several integral components:
- Native Token (LTH):
Powers the network by serving as the medium for transaction fees, rewards, and staking mechanisms.
- Proof of Performance (PoP):
A unique consensus mechanism incentivizing all essential network functions to ensure decentralization and scalability.
- Runner Nodes:
Specialized nodes categorized as:
- Block Runners: Produce and validate blocks.
- Transaction Runners: Aggregate and propagate transactions.
- Data Runners: Provide data services to other network participants.
- Smart Contracts and DApps:
Developers can build and deploy decentralized applications (DApps) leveraging Litheum’s integrated EVM.
- Governance Framework:
Allows stakeholders to participate in shaping network policies and upgrading protocols.
- Incentivization Mechanisms:
Implements Input Incentivization and Lucky Hash Incentivization to reward nodes and users contributing to network performance and data sharing.
- Scalability Features:
Litheum employs fee-based difficulty and dynamic block size adjustments to match user demand and maintain network efficiency.
The combined utilities and ecosystem components make Litheum a robust platform capable of driving innovation and adoption in the blockchain space.
Join the Litheum Community:
Join our growing community on X, Telegram and Discord to connect with pioneers and visionaries in Web3! Get updates, insights, and share your ideas as we build a faster, more decentralized future together!
Litheum Social Media:
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About Coinstore
Accessibility. Security. Equity.
As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 9.5 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.
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