Dear CITEX users,
LTC, BSV and TRX will be launched in CITEX Main Board Trade Zone with the opening of LTC/USDT, BSV/USDT and TRX/USDT trade pairs.
Deposit: 16:00 on Nov 14, 2019 (UTC+8)
Trading: 16:00 on Nov 14, 2019 (UTC+8)
Withdrawal: 18:00 on Nov 14, 2019(UTC+8)
The Litecoin software was released on the 7th October 2011 by Charlie Lee, with the network going live roughly a week later on the 13th of October 2011. As a fork of Bitcoin Core, Litecoin featured several improvements upon the original Bitcoin protocol including reduced blocktimes (decreased to 2.5 minutes instead of 10 minutes), increased total supply and a different proof of work algorithm (scrypt vs SHA-256). The adoption of a faster blocktime meant that transactions were quicker to settle and be written into the blockchain, whilst the adoption of the memory intensive scrypt algorithm was intended to defeat the ASIC dominance of mining (due to the added financial costs of producing specialized mining machines with the required extra memory). However, due to the popularity of Litecoin, ASICs have been already developed and deployed that are able to mine the scrypt algorithm.
Maximum Supply: 84,000,000
Circulating Supply: 63,667,545
2. Bitcoin SV(BSV)
Bitcoin SV (BSV) started in November 2018 as a hard fork of Bitcoin Cash, which itself was a hard forked version of the original Bitcoin. BSV was one of two coins that emerged from the hard fork, with Bitcoin Cash ABC as the other coin created from the event. Upon creation of Bitcoin SV, Bitcoin cash holders who had their private keys or kept their Bitcoins on a service that supported the split were able to receive equal amounts of Bitcoin SV and Bitcoin Cash ABC, resulting in further divergence in Bitcoin price dynamics. The Bitcoin SV team said that its vision is to restore the Bitcoin protocol to its original design, assuring stability with only a limited and well-known set of changes, including the restoration the Satoshi op_codes to enable businesses and development teams around the world to create the many solutions possible on the BSV blockchain, such as smart contracts, tokenisation, atomic swaps, and many more.
Maximum Supply: 21,000,000
Circulating Supply: 17,477,298
TRON is an open source platform launched in 2017 for the decentralized global distribution of content and entertainment in addition to the deployment of smart contracts. Their white paper was released ahead of their August 2017 ICO on the Ethereum blockchain. Featuring a high TPS (Transactions per second), the network enables creators to publish, store and retain ownership of their content, allowing content creators to be directly rewarded by content consumers via the native coin (TRX) and other crypto-currencies.
Maximum Supply: 99,216,872,181
Circulating Supply: 66,682,072,191
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Nov 14, 2019