Decentralized PoW Mining Pool Protocol. Miners build their own blocks, earn extra rewards, and get paid by smart contracts. #Ergo
Joined July 2022
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Lithos Protocol decentralizes block production, returns extra revenue to miners, and ensures all payouts stay non-custodial.
Our goal is an unstoppable network.
lithosprotocol.org
LITHOS Protocol retweeted
One note: This update will cause your statistics database to reset. This does NOT effect normal operations, you will still be able to mine, lend, submit NISPs, get payouts, etc. It will make some parts of the webpanel and API not work properly until the resync is finished.
P2PFi is finance where the peer who finalizes the block can also complete the trade.
P2P networking is flat. A true peer can do all the important work locally.
Hold keys
See state
Construct a candidate
Prove work
Settle under public rules.
This release has difficulty forwards, automatic reward sweeps, new lending stats, and many small bug fixes. Check it out when you get the chance!
github.com/Lithos-Protocol/L…
github.com/Lithos-Protocol/L…
Quick fix for people running into issues for wallets with small amounts of UTXOs inside them.
A proper fix along with some new features will be coming in the next update.
LITHOS Protocol retweeted
É impressionante, como a adoção tem crescido ao @LithosProtocol. Estude Lithos, estude ergo:native.
LITHOS Protocol retweeted
@LithosProtocol currently accounts for 7.3% of Ergo’s hashrate. What happens to Nakamoto consensus when it hits 51%?
🛡️ Decentralization is a big word, so here's a number to go with it
The Nakamoto Coefficient is how many independent players it takes to control a network, so higher means harder to take over
Here's how the top 25 blockchains stack up 👇
📊 chainspect.app/dashboard/dec…
LITHOS Protocol retweeted
Exploring some potential new extensions of old ideas from the Ergoforum with cheese.
ergoforum.org/t/blockchain-b…
LITHOS Protocol retweeted
Top priority for Bitcoin community should be to revive competitive p2p pooling if it is really serious about resistance to state-level adversaries (pools like Binance's can provide, obviously). @LithosProtocol can be a solution here.
LITHOS Protocol retweeted
Pull up an llm
Input a chain
You can input a chain and a dapp as well.
Ask this.
How many independent control boundaries must a user’s economic intent cross before that user/peer can construct the resulting economic state?
Then input Ergo using Lithos Protocol.
It will answer why it was worth years to build.
Traditional hashrate charts show the effect of Lithos.
Explorers read each lender key as an individual solo miner / pool, so Lithos blocks get grouped in the "other" category.
The others are coming.
As we close in on our 100th block (currently at 94) here are some more stats:
- Miners have earned a total of 427.21 ERG and 45,120 LIT
- Block Finders earned 0.9494 ERG and 1,880 LIT
- Lenders earned 4.084 ERG
LITHOS Protocol retweeted
É uma revolução que estamos vendo no padrão de mineração de ergo:native
Lithos activity is picking up! 45 blocks mined from the 7th to the 12th, and already 26 blocks today. ergo:native deserves watching.
They (Ergo) have a real chance to break the mining pool monopoly here and transition to a decentralized block production model where individual miners keep a larger portion of the rewards for block production, plus the incentives added by the mining contract.
LITHOS Protocol retweeted
Lithos activity is picking up! 45 blocks mined from the 7th to the 12th, and already 26 blocks today. ergo:native deserves watching.
They (Ergo) have a real chance to break the mining pool monopoly here and transition to a decentralized block production model where individual miners keep a larger portion of the rewards for block production, plus the incentives added by the mining contract.
Learn how a payout works.
Five stages.
Zero custody.
lithosprotocol.org/#payouts
New website is out! Still working on API and a few other things which need to be updated.
lithosprotocol.org/
Will be helpful for hosting APIs for miningpoolstats, whattomine, defillama, etc.
LITHOS Protocol retweeted
Lithos is a decentralized mining pool on Ergo.
You build your own blocks, prove your own work, and gain extra revenue for it.
Smart contracts keep payouts fair and non-custodial.
lithosprotocol.org/
LITHOS Protocol retweeted
DATUM and StratumV2 also are still centralized in payouts / share handling, though they do handle block templates well.
Lithos does more.
Lithos is a decentralized mining pool on Ergo.
You build your own blocks, prove your own work, and gain extra revenue for it.
Smart contracts keep payouts fair and non-custodial.
lithosprotocol.org/