Blockchain development might be the most challenging yet satisfying software out there today

Exactly like a spider, SpiderByte is build over the lightest and strongest net, to provide the stability of a modern, green crypto-currency. People are naturally afraid of spiders, as they are of crypto-currency, but they shouldn't be. Once you get to know them, you'll see their amazing purpose. A bit of history about SpiderByte below:

• It began as Scrypt PoS 221,400 coins and 15% Annual Stake, and its name was LitecoinPlus (LCP). It has not started via an ICO (Initial Coin Offering). It was originally written as Proof of Stake coin exercise. "Proof of stake" (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. The original coin ended up being a scam for its users, and its value quickly went to zero, people abandoned the wallet, and the network was soon brought to an halt.
• A revival was launched back in 2018. Proof of Work was added soon thereafter with a block reward starting at 2 LCP and reducing by .25 LCP every 200,000 blocks until it reached .5 LCP. It is now controlled dynamically, and reward is reduced every so often to avoid creating all remaining coins too early. Also the PoS % is controlled dynamically.
• With introduction of PALADIN-51 system in early 2020, several blockchain parameters could be then adjusted dynamically, by community vote, to sustain even more the growth of Litecoin Plus. This was done to reduce the number of mandatory software upgrades, which are a big headache for blockchain developers.
• With the establishment of Paladin Software in April 2022, the coin has commenced re-branding into SpiderByte. The project was folded into the company by the co-founders of Paladin. As of early 2023, the coin has been fully re-branded into SpiderByte.
• With strong commitment of Paladin shareholders to bring the company to the next level, it has been decided to link SpiderByte transaction generation to serve as authentication vehicle for documents from A2BInvest.cn project. Thanks to strong encryption and intrinsic safety of the blockchain, it is next to impossible to forge the agreements between the parties that are committed on A2BInvest, thus rendering the platform one of the very few who can offer this level of service at such costs, without lengthy and expensive international notarizations.