Lynx Blockchain
  • Welcome
  • Technical Evolution and Architecture Overview
  • History of Lynx
    • Evolution of a Blockchain
    • Hybrid Proof of Work (HPoW) Protocol
    • Pioneering Blockchain Data Storage
    • Evolution to Proof of Stake
    • Next Generation Data Storage Architecture
    • Preserving Knowledge
  • Lynx Core
    • Hardware and System Requirements
    • Lynx Dynamics
    • Open Source
    • Core Parameters and Strategy
    • Sustainability
    • Circulating Supply Analysis
    • Locked Addresses
    • Data Storage
      • auth
      • fetch
      • fetchall
      • store
      • status
      • list
    • Understanding the Encryption Option
    • Understanding Lynx Staking Wait Times
    • Understanding Asset Retrieval Times
    • Understanding Block Time Targeting in the Lynx Blockchain
    • Understanding the Lynx Blockchain Statistics Report
  • Lynx Administration
    • Public Peer Nodes
    • Understanding Blockchain Bootstrap Files
      • Bootstrap Extraction Script
      • Bootstrap Creation Script
    • How to Sweep a Lynx Wallet
    • Enable/Disable Staking
  • Clevver
    • Revolutionizing Digital Preservation
    • Permanent Storage for Digital Assets
    • Permanent Digital Archives for Journalism
    • How did Clevver originate?
    • Shortened URL Support
    • Assigning Tags to Assets
    • How to delete content
    • Clevver Terms of Service Agreement
  • Clevver API
    • Public Methods
      • Batches
      • Files
      • User
  • ElectrumX
    • Lynx ElectrumX nodes
    • Build Script Details
  • External Links
    • Lynx Explorer
    • Lynx Github
    • Lynx Uptime Report
    • Clevver Website
  • Lynx Bootstraps
  • Wallet Links
    • Komodo Wallet
    • Wally.id Wallet
    • Lynx Paper Wallet
  • Social Links
    • Lynx Discord
    • Lynx on Bluesky
    • Clevver on Bluesky
  • Exchange Links
    • FreiXLite (LYNX/LTC)
  • FreiExchange (LYNX/BTC)
  • Komodo Wallet (SWAP)
  • XredX (LYNX/LTC)
  • XredX (LYNX/DOGE)
  • XredX (LYNX/IL8P)
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  1. Lynx Core

Core Parameters and Strategy

Published: September 2024 | Last updated: January 2025

PreviousOpen SourceNextSustainability

Last updated 3 months ago

On December 25, 2023, Lynx will be a +10-year-old blockchain project. The original name, mining algorithm, and project objective have changed, but the entire blockchain history from Dec 2013 remains intact.

Here are a few points about the Lynx Blockchain project.

  1. While the cryptocurrency functions of Lynx remain intact, this project's primary focus is on-chain data storage. The long-term strategy priority of the Lynx project is based on blockchain data storage, not cryptocurrency development. While this project retains the functions of a cryptocurrency, it does not compete with Bitcoin.

  2. The energy consumption requirements of traditional Bitcoin Proof of Work mining are shameful. , and Bitcoin miners are not helping. We believe any new blockchain software development must consider the environment. While Lynx's previous Proof of Work design significantly reduced energy consumption and heat output, the new Proof of Stake design is even better. We put aside the love (and ego) of our previous mining algorithm to create a better version for the environment.

  3. The latest version of Lynx is based on a newer version of Bitcoin, except we swapped out the energy-wasting functions of Proof of Work and implemented a LWMA (linear weighted moving average) Proof of Stake algorithm. The new version of Lynx is very low-cost to run and leverages all the security and . It is extraordinarily lightweight, consumes very few resources, and occupies a small footprint on computers that can run unnoticed in the background.

  4. We modified the block time, size, and other core functions to accommodate generational data storage. The new design stores data more efficiently than the old method and is backward compatible.

  5. The latest version of Lynx can run on the least expensive VPS computers available in the cloud and the least costly (current) Raspberry Pi devices. Full support for Debian Linux will remain, while official releases for MacOS and Windows will cease. Setting up a Lynx node takes minutes with almost zero configuration.

  6. Full support for hardware wallets Ledger, Trezor, and Atomic Dex. Electrum and traditional exchange support will remain.

Lynx blockchain parameters are listed below.

  1. The target block time for the Lynx blockchain is 5 minutes.

  2. The block size is 5 megabytes.

  3. The block reward maturity time is thirty blocks.

  4. The block reward for miners is 1 Lynx + fees.

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