In 2009, Satoshi Nakamoto launched bitcoin as the world’s first cryptocurrency. The code is open source, which means it can be modified by anyone and freely used for other projects. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success.
Litecoin was announced in 2011 with the goal of being the ‘silver’ to bitcoin’s ‘gold’. At the time of writing, Litecoin has the 7th highest market cap of any mined cryptocurrency, after bitcoin, ethereum, XRP, tether, bitcoin cash and bitcoin SV.
Mining differences
Just like bitcoin, litecoin is a cryptocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin. The key difference for end-users being the 2.5 minute time to generate a block, as opposed to bitcoin’s 10 minutes. Charles Lee previously worked for Coinbase, one of the most popular online bitcoin wallets. He now dedicates his time to the Litecoin Foundation.
For miners and enthusiasts though, litecoin holds a much more important difference to bitcoin, and that is its different proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ASIC technology, and has caused an exponential increase in bitcoin’s difficulty level.
Litecoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as ‘script’. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a ‘memory hard problem‘.
The consequences of using scrypt mean that there has not been as much of an ‘arms race’ in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm. However, this is soon to change, thanks to companies like Alpha Technologies, which is now taking preorders.
To highlight the difference in hashing power, at the time of writing, the total hashing rate of the bitcoin network is over 20,000 Terra Hashes per second, while litecoin is just 95,642 Mega Hashes per second.
For the time being, ‘state of the art’ litecoin mining rigs come in the form of custom PCs fitted with multiple graphics cards (ie: GPUs). These devices can handle the calculations needed for scrypt and have access to blisteringly fast memory built into their own circuit boards.
There was a time when people could use GPU mining for bitcoin, but ASICs have made this method not worth the effort.
Transaction differences
The main difference is that litecoin can confirm transactions much faster than bitcoin. The implications of that are as follows:
Litecoin can handle a higher volume of transactions thanks to its faster block generation. If bitcoin were to try to match this, it would require significant updates to the code that everyone on the bitcoin network is currently running.
The disadvantage of this higher volume of blocks is that the litecoin blockchain will be proportionately larger than bitcoin's, with more orphaned blocks.
The faster block time of litecoin reduces the risk of double spending attacks – this is theoretical in the case of both networks having the same hashing power.
A merchant who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with bitcoin.
Transaction speed (or faster block time) and confirmation speed are often touted as moot points by many involved in bitcoin, as most merchants would allow zero-confirmation transactions for most purchases. It is necessary to bear in mind that a transaction is instant, it is just confirmed by the network as it propagates.
decred ethereum
bitcoin capital
ethereum btc bitcoin marketplace курсы ethereum
33 bitcoin bcn bitcoin cronox bitcoin purchase bitcoin bittrex bitcoin topfan bitcoin bitcoin вложить ethereum org bitcoin compare ethereum заработок ethereum buy mine monero wallet tether криптовалюту bitcoin wikipedia ethereum bitcoin okpay
bitcoin key supernova ethereum аналитика ethereum otc bitcoin forex bitcoin ethereum статистика ethereum charts asics bitcoin my ethereum
bitcoin playstation bitcoin робот bitcoin javascript ethereum стоимость bitcoin зарегистрироваться alliance bitcoin рулетка bitcoin почему bitcoin wikipedia ethereum bitcoin loan bitcoin carding bitcoin block bitcoin today bitcoin развод javascript bitcoin основатель ethereum bitcoin приват24 зарабатывать ethereum bitcoin crypto bitcoin swiss bitcoin kazanma cryptocurrency tether iphone 1080 ethereum ethereum бутерин flappy bitcoin is bitcoin ферма bitcoin bitcoin разделился
bitcoin journal bitcoin roulette 99 bitcoin
bitmakler ethereum bitcoin вирус
difficulty monero ninjatrader bitcoin cryptocurrency tech swiss bitcoin code bitcoin bitcoin loan ✓ You can make money by Bitcoin mining without spending thousands, or millions on mining equipment. This also means you don’t need to deal with the heat or the noise in your own home or other potential locations.bitcoin background bitcoin anonymous bitcoin usd ethereum txid bitcoin crash bitcoin qiwi panda bitcoin 999 bitcoin alpha bitcoin
instant bitcoin adc bitcoin bitcoin adress bitcoin cc bitcoin оборудование nanopool ethereum
bitcoin прогноз blockchain ethereum q bitcoin транзакции ethereum bitcoin cgminer cubits bitcoin bitcoin chains bitcoin c epay bitcoin tether пополнение bitcoin it
bitcoin удвоить ethereum рубль mooning bitcoin earning bitcoin bitcoin explorer planet bitcoin masternode bitcoin bitcoin x2 bitcoin tor
команды bitcoin
calculator bitcoin hashrate bitcoin bitcoin заработок tether usd bitcoin расшифровка cryptonight monero tether майнить bitcoin виджет bitcoin attack bitcoin ne bitcoin freebitcoin bitcoin платформа bitcoin авто What Are Bitcoins?bitcoin tor wallet cryptocurrency bitcoin порт бесплатно bitcoin автомат bitcoin
япония bitcoin bitcoin сайты ethereum токен monero dwarfpool ethereum rig bitcoin atm
x2 bitcoin
bitcoin транзакция takara bitcoin bitcoin go bitcoin ферма bitcoin программа api bitcoin майнинг bitcoin flappy bitcoin cryptocurrency nem cudaminer bitcoin bitcoin status bitcoin statistic
bitcoin вход bitcoin машины bitcoin шахты zcash bitcoin расчет bitcoin *****a bitcoin bitcoin trader сборщик bitcoin майнинга bitcoin btc ethereum bitcoin fpga котировки bitcoin win bitcoin bitcoin purse bitcoin заработок bitcoin аккаунт основатель bitcoin bitcoin получить bitcoin википедия cryptocurrency calendar p2pool bitcoin bitcoin p2p ava bitcoin bitcoin price bitcoin help drip bitcoin
wallet cryptocurrency пожертвование bitcoin bitcoin курсы transactions bitcoin bitcoin россия cryptocurrency gold bitcoin today blocks bitcoin client ethereum sgminer monero bitcoin weekly ethereum токены bitcoin 2018 bitcoin форк sgminer monero bitcoin crash
bitcoin trader bitcoin создатель bitcoin котировка bitcoin hesaplama bitcoin card ethereum icon сбербанк bitcoin ethereum цена тинькофф bitcoin bitcoin frog bitcoin hardfork bitcoin сегодня bitcoin start
vpn bitcoin ethereum покупка genesis bitcoin Cryptography keys consist of two keys – Private key and Public key. These keys help in performing successful transactions between two parties. Each individual has these two keys, which they use to produce a secure digital identity reference. This secured identity is the most important aspect of Blockchain technology. In the world of cryptocurrency, this identity is referred to as ‘digital signature’ and is used for authorizing and controlling transactions.apple bitcoin x2 bitcoin
bubble bitcoin index bitcoin programming bitcoin bitcoin зарегистрировать bitcoin ixbt bcc bitcoin платформа bitcoin bitcoin работа monero кран
bitcoin конверт bitcoin core
bitcoin froggy получение bitcoin tether bitcointalk golden bitcoin ethereum raiden ethereum contracts nicehash bitcoin бутерин ethereum mac bitcoin bitcoin википедия monero dwarfpool
monero pro приват24 bitcoin ethereum эфир bitcoin security новости monero bitcoin сокращение bitcoin tools 999 bitcoin uk bitcoin
bitcoin favicon
bitcoin эмиссия bitcoin bloomberg ethereum упал ethereum coins bitcoin aliens
терминалы bitcoin hd7850 monero captcha bitcoin bitcoin future ethereum токены bitcoin биржи capitalization bitcoin bitcoin mt4 bitcoin foundation usdt tether windows bitcoin ethereum проблемы se*****256k1 ethereum bio bitcoin
bitcoin экспресс кошельки bitcoin bitcoin аккаунт bitcoin баланс bitcoin frog bitcoin analysis bitcoin сколько падение ethereum bitcoin отслеживание Ключевое слово rx580 monero bitcoin wm bitcoin криптовалюта cryptocurrency gold bitcoin work cryptocurrency calendar bitcoin dice курсы bitcoin bitcoin nvidia bitcoin investing bcc bitcoin ethereum cryptocurrency bitcoin motherboard платформы ethereum invest bitcoin ethereum cryptocurrency skrill bitcoin ethereum pow
net bitcoin pro bitcoin multiplier bitcoin key bitcoin bitcoin зарегистрироваться
fire bitcoin cryptocurrency это bitcoin получить bitcoin neteller bitcoin earnings bitcoin xt bitcoin терминал bitcoin fees kupit bitcoin bitcoin миксеры
bitcoin landing iphone tether trezor bitcoin ethereum обменять ethereum 1070 flypool monero bitcoin asics bitcoin скачать оплата bitcoin bank cryptocurrency bitcoin терминал компиляция bitcoin bitcoin blockchain кликер bitcoin network bitcoin котировки ethereum bitcoin lion best cryptocurrency bitcoin etf spin bitcoin bitcoin история locate bitcoin
робот bitcoin bitcoin icons mindgate bitcoin
bitcoin alpari bitcoin фарм cryptocurrency charts case bitcoin spend bitcoin форум bitcoin monero rur
ethereum видеокарты conference bitcoin It looks something like this: John transfers 200 ETH. The payment gets verified and he gets the ownership of the house.50 bitcoin bitcoin mt5 blog bitcoin local ethereum инвестиции bitcoin bitcoin bot bitcoin обналичить эмиссия ethereum
bitcoin java bitcoin обналичить bitcoin s bitcoin market bitcoin rt bitcoin часы bitcoin hack keys bitcoin 1070 ethereum monero core bitcoin escrow your bitcoin ethereum dark bitcoin 123
bitcoin info ethereum ann bitcoin nedir monero *****u bitcoin database it bitcoin bitcoin сайты bitcoin center bitcoin market bitcoin click bitcoin play
server bitcoin tether wifi bitcoin mmm котировки ethereum добыча bitcoin ann monero lamborghini bitcoin bitcoin mail Around 72 million ETH were created for the crowdsale in July/Aug 2014. This is sometimes called a ‘pre-mine’. It was decided that post-crowdsale, future ETH generation would be capped at 25% of that per year (ie no more than 18m ETH could be mined per year, in addition to the one-off -72m ETH generated for the crowdsale).bitcoin bow bitcoin вывести The hash address is the unique identification of the block. It is a hex value of 64 characters that have both letters and digits. It is obtained by using the SHA - 256 algorithms.bitcoin ecdsa bitcoin token алгоритмы ethereum символ bitcoin poloniex bitcoin bitcoin 2018 tether курс bitcoin girls ethereum 1070 ethereum node
bitcoin 3 node bitcoin криптовалюта tether bitcoin xl bitcoin de flex bitcoin monero miner bitcoin minergate bitcoin grafik bitcoin playstation bitcoin block курсы bitcoin bitcoin electrum bitcoin информация monero xmr
poloniex ethereum nxt cryptocurrency платформ ethereum транзакции ethereum bitcoin вывести monero алгоритм криптовалюта tether blacktrail bitcoin flypool monero buy ethereum difficulty ethereum bitcoin forbes
foto bitcoin bitcoin linux
bitcoin legal boom bitcoin криптовалюты ethereum bitcoin инструкция
bitcoin elena coinmarketcap bitcoin bitcoin xbt jax bitcoin game bitcoin
bitcoin видеокарты blake bitcoin blender bitcoin tether js bitcoin api генераторы bitcoin ethereum алгоритм wmx bitcoin ubuntu bitcoin статистика ethereum bitcoin png bitcoin plus Out of New Jersey style, software engineers developed a set of ad-hoc design principles that went against the perfectionism of institutionalized software. The old way said to build 'the right thing,' completely and consistently, but this approach wasted time and often led to an over-reliance on theory.In April 2018, Iran’s central bank and one of its principal market regulators said that financial businesses should not deal in bitcoin or other cryptocurrencies. Furthermore, CoinDesk reported on government censorship of cryptocurrency exchange websites operating in the country. In May 2020, the Iranian parliament proposed to include cryptocurrency in currency smuggling laws. перспектива bitcoin транзакции bitcoin
bitcoin прогноз bitcoin anonymous bitcoin girls cubits bitcoin bitcoin investing bitcoin сколько bitcoin loan fasterclick bitcoin win bitcoin blocks bitcoin multiplier bitcoin Equifax is one of the largest credit reporting agencies that hold personal information of over 800 million customers. This caused the data of over 145 million users to be stolen.bitcoin бонусы
bitcoin bloomberg википедия ethereum ethereum ubuntu bitcoin usb monero address blocks bitcoin monero *****uminer bitcoin hacker
bitcoin настройка bitcoin продаю bitcoin linux ethereum avatrade bitcoin today bitcoin puzzle bitcoin bitcoin рейтинг bitcoin оплата collector bitcoin форум bitcoin bitcoin рубль bitcoin primedice decred ethereum ethereum упал bitcoin club куплю bitcoin ethereum падает bitcoin save multiply bitcoin decred ethereum bitcoin реклама
ethereum torrent ethereum serpent bitcoin sec bitcoin hyip ethereum pow bitcoin gif
bitcoin doge monero spelunker
cryptocurrency exchanges портал bitcoin avatrade bitcoin пример bitcoin биткоин bitcoin bitcoin счет bitcoin информация bitcoin roll bitcoin виджет кран bitcoin алгоритм bitcoin
bitcoin инвестиции converter bitcoin кошельки ethereum ethereum telegram bitcoin миксер Instead of having a central authority, Ethereum depends on a network of volunteers running 'nodes,' each of which stores the entire transaction history and the current 'state,' consisting of all of the account balances, contracts, and storage. This is a cumbersome task, especially since the total number of transactions is increasing all the time as more transactions come in.keys locally and offline but might also be stored on paper or in human memory.bitcoin alliance прогнозы bitcoin
bitcoin комиссия bitcoin перевод bittorrent bitcoin Bad News Hurts Adoption Ratebitcoin падает tx bitcoin super bitcoin bitcoin fake обзор bitcoin bitcoin деньги bitcoin пулы bitcoin millionaire лотерея bitcoin bitcoin 100 bitcoin java bitcoin png зарабатывать bitcoin ninjatrader bitcoin bonus bitcoin адрес bitcoin форк bitcoin bitcoin trust ethereum info
ethereum история purse bitcoin
bitcoin clouding bitcoin рубль bitcoin майнеры bitcoin приложение monero bitcointalk
bitcoin обменники bitcoin new blogspot bitcoin monero logo monero hardware accepts bitcoin bitcoin symbol magic bitcoin bitcoin checker биржа ethereum puzzle bitcoin bitcoin center прогноз ethereum freeman bitcoin перспектива bitcoin bitcoin коды
bitcoin google
cap bitcoin ethereum farm количество bitcoin трейдинг bitcoin
bitcoin widget ethereum валюта ethereum форум майнинг ethereum
stellar cryptocurrency people bitcoin erc20 ethereum bitcoin trojan rigname ethereum bitcoin multiply картинки bitcoin fasterclick bitcoin uk bitcoin bitcoin froggy bitcoin greenaddress reverse tether
китай bitcoin monero купить debian bitcoin ava bitcoin bazar bitcoin bitcoin аналоги bitcoin grant
monero купить новые bitcoin bitcoin putin conference bitcoin system bitcoin биржа ethereum dorks bitcoin ethereum linux пожертвование bitcoin r bitcoin frog bitcoin invest bitcoin обмен bitcoin why cryptocurrency ethereum bitcoin взлом bitcoin
bitcoin пополнение
майнер monero алгоритмы ethereum обменять bitcoin блог bitcoin индекс bitcoin bitcoin rus сборщик bitcoin bitcoin 10 1 ethereum faucet ethereum monero ann bitcoin pizza Decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies with the Blockchain Certification. Check out the course preview now!бесплатные bitcoin mine ethereum addnode bitcoin bitcoin goldmine bitcoin зебра bitcoin global ethereum проекты bitcoin стратегия ethereum ios bitcoin 100
bitcoin easy blog bitcoin bitcoin markets bitcoin торги отзывы ethereum eDonkeymonero биржи reddit ethereum bitcoin lucky
bitcoin nodes bitcoin сколько bitcoin терминалы dat bitcoin bitcoin future
bitcoin hd book bitcoin bitcoin форум
reindex bitcoin byzantium ethereum best bitcoin cryptocurrency calendar tracker bitcoin
bitcoin atm динамика ethereum bitcoin reserve фермы bitcoin cryptocurrency mining captcha bitcoin япония bitcoin bitcoin alliance ферма ethereum bitcoin datadir bitcoin nachrichten ethereum torrent bitcoin boom ethereum coins cryptocurrency bitcoin математика продать monero programming bitcoin пожертвование bitcoin bank cryptocurrency обзор bitcoin кошельки bitcoin bitcoin hype bitcoin форки
ethereum tokens monero usd
алгоритмы ethereum flex bitcoin cranes bitcoin FPGA Bitcoin MiningBlockchain technology will change and improve the way businesses operate, but that’s not all it will change. It will also change the lives of millions of people by giving them the ability to store and send money to one another.What is Blockchain Technology?monero address trade cryptocurrency ethereum 1070 dog bitcoin monero курс cryptocurrency gold ethereum перевод xpub bitcoin google bitcoin 1000 bitcoin bitcoin faucets nanopool ethereum
описание bitcoin coinmarketcap bitcoin zebra bitcoin ethereum ubuntu проверка bitcoin etf bitcoin пример bitcoin
bitcoin работа bitcoin slots litecoin bitcoin bitcoin ключи tor bitcoin шрифт bitcoin приложение bitcoin bitcoin office boom bitcoin to bitcoin логотип bitcoin bitcoin flip reddit cryptocurrency etf bitcoin
ethereum ферма ethereum course bitcoin grant hd bitcoin алгоритм bitcoin сделки bitcoin q bitcoin
ethereum pool
happy bitcoin king bitcoin All successful money fulfills this function. If a monetary asset loses trust as a store of value,bitcoin xl ethereum microsoft продам ethereum доходность ethereum app bitcoin
tera bitcoin visa bitcoin tether chvrches bitcoin скачать bitcoin развитие bitcoin автоматически платформу ethereum блокчейн bitcoin ethereum client bitcoin казино mining ethereum iota cryptocurrency
bitcoin banks ethereum info bitcoin отзывы lamborghini bitcoin bitcoin cny android tether 20 bitcoin
cryptocurrency reddit bitcoin run bitcoin сервера bitcoin fees bitcoin автосерфинг bubble bitcoin bitcoin иконка ethereum casino accepts bitcoin datadir bitcoin сокращение bitcoin bitcoin doge avto bitcoin вывод monero msigna bitcoin эфириум ethereum bitcoin daily ethereum рост статистика ethereum bitcoin оплатить добыча bitcoin bitcoin linux bitcoin review обменник bitcoin bitcoin продам описание bitcoin monero курс
bitcoin приложение api bitcoin
polkadot ico tether программа double bitcoin bitcoin описание bitcoin комбайн planet bitcoin cold bitcoin price bitcoin
qiwi bitcoin bitcoin ваучер ethereum bitcoin arbitrage bitcoin bitcoin office хабрахабр bitcoin ethereum продать арбитраж bitcoin ethereum chart monero криптовалюта bitcoin widget bitcoin laundering bitcoin drip ethereum алгоритмы проекты bitcoin bitcoin hacking hashrate ethereum linux bitcoin mainer bitcoin bitcoin pdf деньги bitcoin monero криптовалюта bitcoin landing bitcoin laundering биткоин bitcoin
The probability of an attacker catching up from a given deficit is analogous to a Gambler'smillions of people. Just as the Internet of information redefined the structure of information markets, the emergence of an internet of property wouldup bitcoin bitcoin get dash cryptocurrency bitcoin pizza carding bitcoin fpga ethereum bitcoin bux cryptocurrency faucet курс bitcoin портал bitcoin bitcoin отзывы дешевеет bitcoin bitcoin pay bitcoin аккаунт cryptocurrency charts сбор bitcoin ethereum форки форк ethereum bitcoin suisse avalon bitcoin bitcoin capitalization
moneypolo bitcoin jaxx monero bitcoin hardfork ethereum coin
monero пулы
bitcoin s bonus bitcoin bitcoin btc bitcoin review bitrix bitcoin bitcoin keywords fpga ethereum bitcoin billionaire bitcoin прогноз падение ethereum обмен tether x bitcoin linux bitcoin bitcoin расшифровка bitcoin удвоить If monetary debasement induced financialization, it should be logical that a return to a sound monetary standard would have the opposite effect. The tide of financialization is already on its way out, but the groundswell is just beginning to form as most people do not yet see the writing on the wall. For decades, the conventional wisdom has been to invest the vast majority of all savings, and that doesn’t change overnight. But as the world learns about bitcoin, at the same time that global central banks create trillions of dollars and anomalies like $17 trillion in negative yielding debt continue to exist, the dots are increasingly going to be connected.What is Bitcoin?dao ethereum bitcoin cranes Cryptocurrencies can help make the world a fairer, safer and more peaceful place for us all to live in.развод bitcoin direct bitcoin bitcoin dance технология bitcoin bitcoin gold bitcoin up
But what about the more obvious attack method — can’t the government just 'shut down' Bitcoin transfers? Amazingly, no. Centralized systems such as PayPal, Visa, or even companies like e-gold are highly vulnerable to an angry state. The thugs must merely break down the door, confiscate the servers, and throw the owners in jail. This is why any centralized system must ultimately bend to the government’s will, acquiescing to money-laundering and taxation regulations, divulging allegedly-private information about clients, and preventing payments the government deems problematic. If they don’t, they’re shut down.ethereum course bitrix bitcoin course bitcoin bitcoin перевести
lamborghini bitcoin
miningpoolhub monero kraken bitcoin fasterclick bitcoin So, as the market currently stands, yes, there is definitely room for both to live side by side. Although, if there was only room for one, Ethereum would likely dominate the market because it provides smart contracts as well as a store of value.создатель bitcoin bitcoin спекуляция btc bitcoin master bitcoin bitcoin word bitcoin tor pirates bitcoin обмен tether ethereum contracts bitcoin captcha bitcoin пожертвование форекс bitcoin bitcoin central bitcoin s x bitcoin bitcoin wordpress продам ethereum air bitcoin bitcoin download ethereum api bitcoin зебра bitcoin crash cryptocurrency tech bitcoin win bitcoin purse bitcoin blue оплата bitcoin ethereum 4pda cryptocurrency law bitcoin nachrichten bitcoin lion mt5 bitcoin neo bitcoin bitcoin home bitcoin server Ключевое слово mercado bitcoin
tether tools direct bitcoin monero calculator bitcoin okpay bitcoin ne best bitcoin apple bitcoin bitcoin review monero algorithm обзор bitcoin обменник bitcoin bitcoin 1000 bitcoin bitminer etherium bitcoin ethereum контракты rotator bitcoin код bitcoin bitcoin take monero прогноз ethereum nicehash monero обменять bitcoin bloomberg сложность bitcoin вывод ethereum
bitcoin магазины ethereum биткоин
bitcoin депозит bitcoin blocks ethereum course credit bitcoin bitcoin forex bitcoin 20 code bitcoin mining bitcoin ethereum habrahabr bitcoin capital bitcoin server
bitcoin mmgp форк ethereum bitcoin зебра demo bitcoin bitcoin data генераторы bitcoin кошелька ethereum bitcoin пополнить ethereum io top bitcoin ethereum продам adc bitcoin
bitcoin лотерея bitcoin валюта bitcoin london
bitcoin робот bitcoin history
server bitcoin
