WHAT IS LATIUM?
Introducing Latium: Latium is the first Cyrpto Currency to utilize a non-technical deployment network. Latium cannot be mined, but can be acquired simply by signing up. There is no catch: you sign up, you get coins
HOW DO I GET LATIUM?
Every new user that registers on the site is credited 5 Latium for signing up. Additional Latium can be acquired by referring others to claim their free Latium.
- In less than one minute, you can have your 5 FREE Latium. We only require your Name and Email address to complete the signup. Once you've registered, your Latium is yours to do with as you choose
- SIGN UP
- Our referral system makes it easy to earn more Latium. Get paid for referrals up to 100 tiers deep.
- You can purchase Latium on an exchange or from an existing Latium user. If you don't see LAT on your favorite exchange, please request that it be added.
REFERRING MADE EASY
- NO COST
- EARN ON 100 REFERRAL LEVELS
- EASY SIGN UP
- INTEGRATED PAYMENT SYSTEM
- EARN INTEREST
- WATCH YOUR WALLET GROW
- INSTANTLY CREDITED
- EXPAND YOUR REACH
Latium is based on Proof Of Stake instead of Proof of Work. No mining is required to maintain the network. Every person that holds Latium is able to place coins at stake and is paid interest for doing so. This dramatically reduces the resources required to maintain the network.
PROOF OF STAKE
Latium uses Proof of Stake (PoS) instead of the typical Proof of Work (PoW) algorithm. PoS pays interest every time a user mints a block. All users holding Latium in their wallet have the ability to mint. The main advantages of PoS are lower resource consumption, fairer distribution of new coins, greater network stability and no special hardware requirements.
- Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run hashing algorithms to validate electronic transactions. It is most commonly used as a supplement to proof-of-work in Peercoin and a few other electronic currencies.
- Usage in Peercoin - Peercoin's proof-of-stake system is based around the concept of "coin age," a measure of the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user. This process secures the network and gradually produces new coins over time without consuming significant computational power
- Both proof-of-work and proof-of-stake blocks are used in Peercoin, although the main blockchain is determined by the highest total consumed coin age (from proof-of-stake generation) instead of the total combined difficulty of the chain (determined by proof-of-work blocks, as in Bitcoin). Peercoin's developer claims that this makes a malicious attack on the network more difficult
Because Latium does not allow mining, we require a mechanism to both validate the network and create new coins (similar to mining). Latium accomplished this by implementing inflation and using this inflation to pay interest to any user that mints a block. To put it simply, any user who holds Latium can gain interest on the coins they hold. The interest rate will change over time to compensate for coins in circulation.