Loki is a decentralized, peer-to-peer cryptocurrency based on the Monero source code. It aims at facilitating transactions that are completely anonymous. Users can not only trade, but also communicate with absolute freedom and privacy. Users decide when to reveal private information. Loki utilizes self-regulating service nodes that are incentivized to run ensuring absolute privacy. Using market-based Sybil attack resistance with the assistance of Onion routing, Lokinet creates a private tunnelShow more [+] that enables users to access websites and communicate online without having to reveal their identities. Their IP addresses remain hidden. The transactions remain private and are untraceable.
The Platform's currency is the LOKI coin. This coin is mineable and it utilizes the CryptoNight Heavy +LWMA algorithm to confirm block rewards to miners. The coin's maximum supply is 150 million of which 31 million are currently in circulation. Block time is 120 seconds or 2 minutes. About 15% of these coins (22.5 million) have been premined, with about 7 million of the 22,5 remaining locked up.
Service nodes on the Lokinetwork form a second layer that enables absolute privacy. The layer uses SNApps that determine the nodes' behavior.
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