Based on the basic principles of blockchain, the LotteryCoin project generates a block every 18.75 seconds, and each block is awarded 10 LOT coins. Among them, 1 LOT coin carries on the mining reward through the Farm way, about 4608 LOT coins are produced every day.

Environmental protection mining model
Unlike Bitcoin and other energy-intensive mining using POW (proof of workload), LotteryCoin advocates the concept of green environmental protection and adopts the PoST (space-time proof) model. Miners need to deploy specific format files (Plot files) on the hard disk in advance, and use these files to find and prove block awards.

Real storage block chain project
The LotteryCoin team notes that there are currently some projects under the banner of storage blockchain, but the Plot process requires a lot of GPU computing power, and the Plot process is very long. This is actually mining in POW mode using GPU. In contrast, LotteryCoin’s Farm process requires devices and prefabricated files to be online all the time for block search and proof to be rewarded. This makes LotteryCoin a true storage class blockchain project.

Key features
Block generation speed: one block is generated every about 18.75 seconds.
Block reward: each block is awarded 10 LOT coins.
Green environmental protection: abandon the POW mode of high energy consumption and adopt PoST mode.
Real-time online: equipment and prefabricated documents need to be found and certified online all the time.

LotteryCoin is committed to providing an environmentally friendly, efficient mining project that truly meets the standards of the storage block chain, bringing sustainable benefits to users.