Let it Ride (LIR)
Key data
updated $0Let it Ride (ticker LIR) is a cryptocurrency that runs on a Proof-of-Stake blockchain. In simple terms, it's a digital coin where the network is kept secure and running by people who lock up their coins as a stake, rather than by energy-hungry mining rigs. The project's official home on the web is letitri.de, where you'll find the core resources.
Frequently asked questions
What is Let it Ride and how is it different from Bitcoin?
Let it Ride (LIR) is a Proof-of-Stake cryptocurrency, while Bitcoin uses Proof-of-Work mining. The main practical difference is how the network reaches agreement: LIR holders can participate in securing the network by staking their coins, which doesn't require specialized mining hardware. This typically makes transactions cheaper and the network more energy-efficient.
How does the Proof-of-Stake consensus work for LIR?
In Proof-of-Stake, validators are chosen to confirm transactions based on the amount of coins they lock up as collateral, not on computing power. If a validator acts dishonestly, their stake can be penalized, which keeps everyone incentivized to play fair. For LIR holders, this often means you can earn rewards simply by staking your coins in a compatible wallet.
How is LIR issued and what is its supply model?
New LIR coins are created as rewards for validators who stake and help secure the network, which is the standard issuance path for Proof-of-Stake chains. Unlike Bitcoin's fixed halving schedule, PoS projects typically release coins steadily as staking rewards. For the exact current supply figures and emission details, check the official site at letitri.de or a block explorer.
How can I store and use Let it Ride coins?
LIR can be stored in any wallet that supports the coin's blockchain — ideally an official or community-recommended wallet listed on letitri.de. Beyond holding, staking is the main way to put your coins to work, earning rewards while helping validate transactions. Always double-check wallet addresses and download wallets only from official sources to avoid scams.