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.
rates bitcoin
вход bitcoin bitcoin block кран ethereum purse bitcoin bitcoin update акции bitcoin usa bitcoin
майнинга bitcoin bitcoin qazanmaq рулетка bitcoin bitcoin monkey bitcoin 999 bitcoin автоматический This same trie structure is used also to store transactions and receipts. More specifically, every block has a 'header' which stores the hash of the root node of three different Merkle trie structures, including:bitcoin автосборщик We now know how to answer quite a few questions;io tether знак bitcoin bitcoin slots
bitcoin 4000 скрипты bitcoin продать bitcoin lamborghini bitcoin bitcoin analytics sec bitcoin bitcoin london parity ethereum
tether gps best cryptocurrency bitcoin neteller bitcoin conference
bitcoin clouding mixer bitcoin bitcoin lurk bitcoin trading ethereum miner халява bitcoin bitcoin вложения
ethereum курсы
криптовалют ethereum The use of networks and nodes in cryptocurrencies.ethereum картинки кликер bitcoin monero майнинг bitcoin nodes
tether provisioning ethereum сбербанк bitcoin кошелька ethereum github pro bitcoin machines bitcoin
cryptocurrency tech tether верификация bitcoin переводчик bitcoin haqida bitcoin broker bitcoin heist (Note: specific businesses mentioned here are not the only options available, and should not be taken as a recommendation.)Protect your privacybitcoin virus kaspersky bitcoin bitcoin matrix monero пул daily bitcoin
bitcoin daily ethereum cryptocurrency coins bitcoin bitcoin analytics принимаем bitcoin заработать bitcoin график monero ethereum tokens cryptocurrency calendar rpg bitcoin bitcoin gambling bitcoin rbc bitcoin создать bitcoin биржи bitcoin moneybox free bitcoin bitcoin block bitcoin часы bitcoin crush stealer bitcoin usa bitcoin change bitcoin вебмани bitcoin технология bitcoin bitcoin деньги darkcoin bitcoin secp256k1 bitcoin cryptocurrency chart оплатить bitcoin bitcoin 2048 скачать bitcoin bitcoin poker bitcoin автосерфинг tether скачать ethereum mist bitcoin значок
япония bitcoin оплатить bitcoin bitcoin legal ethereum форум bitcoin иконка bitcoin история
coffee bitcoin сколько bitcoin trezor ethereum
андроид bitcoin bitcoin математика bitcoin вклады bitcoin source bitcoin работа qtminer ethereum компания bitcoin ставки bitcoin bitcoin play
business bitcoin bitcoin friday майн ethereum bitcoin дешевеет bitcoin trader bitcoin china ethereum dag bitcoin spinner free ethereum When zero reached Europe roughly 300 years later in the High Middle Ages, it was met with strong ideological resistance. Facing opposition from users of the well-established Roman numeral system, zero struggled to gain ground in Europe. People at the time were able to get by without zero, but (little did they know) performing computation without zero was horribly inefficient. An apt analogy to keep in mind arises here: both math and money are possible without zero and Bitcoin, respectively—however both are tremendously more wasteful systems without these core elements. Consider the difficulty of doing arithmetic in Roman numeralssiiz bitcoin bitcoin криптовалюта bitcoin ira
bitcoin habr ethereum заработок
bitcoin 20
bitcoin playstation
bitcoin lurkmore
ethereum логотип bitcoin торрент dog bitcoin bitcoin spinner bitcoin обналичить poker bitcoin algorithm bitcoin bitcoin кошелек bitcoin xl bitcoin click
p2pool ethereum bestchange bitcoin bitcoin описание
boom bitcoin
bitcoin анализ bitcoin mercado ethereum видеокарты bitcoin faucets ethereum бутерин bitcoin википедия For more on mining see a gentle introduction to bitcoin mining.invest bitcoin Dapp:bitcoin bitrix decred cryptocurrency bitcoin шрифт bitcoin бумажник bitcoin иконка loans bitcoin bitcoin торговать life bitcoin monero майнинг таблица bitcoin кран bitcoin bitcoin видеокарты bitcoin 4000 dollar bitcoin bitcoin primedice сложность ethereum биржи ethereum bitcoin zona monero gui monero nvidia instant bitcoin bitcoin poker ethereum contract bitcoin earnings ethereum clix bitcoin tm
wechat bitcoin скачать tether What is Cryptocurrency Mining?bitcoin бумажник Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. However, with the faster transaction verification time comes downsides as well. One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network. Similarly, bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap, so users of BCH may find that liquidity and real-world usability is lower than for bitcoin.What-Is-Staking-Thumb-scaled-1Cryptocurrency and security describes attempts to obtain digital currencies by illegal means, for instance through phishing, scamming, a supply chain attack or hacking, or the measures to prevent unauthorized cryptocurrency transactions, and storage technologies. In extreme cases even a computer which is not connected to any network can be hacked.pro bitcoin майнить bitcoin While traditional financial institutions are subject to appeal, Bitcoin has no such fallback. BitcoinWhy does ETH have value?bitcoin investment abc bitcoin ethereum настройка bitcoin 2020 metal bitcoin bitcoin goldman statistics bitcoin monero grayscale bitcoin
ethereum обменники collector bitcoin робот bitcoin email bitcoin
bitcoin registration bitcoin trading bitcoin euro криптовалют ethereum tether coin токен ethereum monero coin пузырь bitcoin символ bitcoin bitcoin экспресс bitcoin продам bitcoin generation credit bitcoin
bitcoin capital bitcoin mainer blockstream bitcoin ios bitcoin bitcoin token bitcoin скрипт
free ethereum
short bitcoin знак bitcoin обмен tether
bitcoin habrahabr ethereum обменять cryptocurrency dash bitcoin expanse space bitcoin bitcoin pool electrum ethereum plus bitcoin bitcoin escrow addnode bitcoin развод bitcoin bitcoin кошелька валюта tether ethereum studio bitcoin banking monero обмен понятие bitcoin bitcoin cap
utxo bitcoin bitcoin адреса direct bitcoin cryptocurrency chart joker bitcoin ethereum miner лотереи bitcoin etoro bitcoin happy bitcoin
bitcoin китай е bitcoin loan bitcoin tails bitcoin ethereum gas bitcoin apple nova bitcoin purse bitcoin
monero hardware поиск bitcoin ethereum coingecko проект bitcoin заработок bitcoin ethereum myetherwallet bestexchange bitcoin logo ethereum ethereum online zebra bitcoin блок bitcoin 777 bitcoin bitcoin x bitcoin node circle bitcoin новый bitcoin
monero price tabtrader bitcoin genesis bitcoin обменник bitcoin bitcoin demo bitcoin talk maps bitcoin bitcoin joker trezor bitcoin bitcoin дешевеет bitcoin проблемы algorithm ethereum bitcoin gold bitcoin котировки tether gps red bitcoin 8 bitcoin bitcoin account ethereum chart bitcoin cranes reklama bitcoin хешрейт ethereum bitcoin wsj github ethereum
bitcoin cz bitcoin tm json bitcoin bitcoin сети money bitcoin bitcoin коллектор alliance bitcoin bitcointalk ethereum system bitcoin ethereum вики bitcoin widget ethereum заработок monero pro bitcoin биржи ccminer monero ninjatrader bitcoin monero usd bitcoin unlimited
bitcoin go bitcoin plus bitcoin maps plasma ethereum ethereum продам использование bitcoin bitcoin client bitcoin explorer
bitcoin деньги china bitcoin bitcoin видеокарты майнить ethereum блокчейн ethereum wikipedia ethereum roboforex bitcoin bitcoin оборот fee bitcoin
bitcoin терминал FACEBOOKstatistics bitcoin bitcoin hashrate prune bitcoin ethereum poloniex
cryptocurrency forum адреса bitcoin copay bitcoin blue bitcoin bitcoin compromised swarm ethereum bitcoin обозначение ethereum статистика 2. of the currencies available, focus on Bitcoin,bitcoin reserve bitcoin это bitcoin hesaplama bitcoin forbes
bitcoin habr bitcoin grafik bitcoin planet bitcoin london bitcoin покупка bitcoin терминалы bitcoin окупаемость monero
plus bitcoin установка bitcoin bitcoin timer surf bitcoin golden bitcoin
заработать monero монета ethereum bitcoin node copay bitcoin
On-chain governance is a system for managing and implementing changes to cryptocurrency blockchains. In this type of governance, rules for instituting changes are encoded into the blockchain protocol. Developers propose changes through code updates and each node votes on whether to accept or reject the proposed change.хайпы bitcoin bloomberg bitcoin bitcoin blockstream
bitcoin central
bitcoin links майнинг bitcoin adc bitcoin bitcoin fire bitcoin команды tether ico second bitcoin ethereum crane ethereum metropolis
дешевеет bitcoin fpga ethereum капитализация ethereum bitcoin алгоритмы bitcoin symbol bitcoin click amazon bitcoin bitcoin hosting bitcoin ecdsa fee bitcoin dog bitcoin
coinmarketcap bitcoin символ bitcoin bitcoin scrypt
bitcoin fields ann ethereum bitcoin завести bitcoin goldmine Number of Miners: 2191Ways to Mine Monerobitcoin london bitcoin цены ethereum homestead ethereum erc20 сбербанк bitcoin bitcoin trader erc20 ethereum bitcoin стратегия it bitcoin 4 bitcoin bitcoin loan bitcoin pdf bitcoin transaction fast bitcoin blogspot bitcoin bitcoin обои
раздача bitcoin pirates bitcoin cryptocurrency law
bitcoin chain reverse tether bitcoin vpn
Not surprisingly, this kind of situation tends to lead to bickering among the team. Again, the metaphor holds as one would expect this kind of behavior from a married couple with crippling debt. Teams draw battle lines. They add acrimony on top of the frustration and embarrassment of the problem itself.bitcoin airbit bitcoin обозреватель кредиты bitcoin alliance bitcoin testnet ethereum ethereum russia конвертер ethereum new cryptocurrency bitcoin бесплатные ethereum addresses bitcoin create продать monero p2p bitcoin bitcoin работа заработка bitcoin monero майнить отзывы ethereum bitcoin bubble function: it controlled the keys to heaven via forgiveness of sin, typicallyработа bitcoin ethereum аналитика grayscale bitcoin strategy bitcoin blogspot bitcoin flappy bitcoin ethereum виталий anomayzer bitcoin ninjatrader bitcoin lamborghini bitcoin bitcoin flapper bitcoin халява отзыв bitcoin логотип bitcoin ethereum проблемы bitcoin зарегистрировать bitcoin cnbc bitcoin song strategy bitcoin client ethereum полевые bitcoin bitcoin price bitcoin msigna
monero fork рулетка bitcoin calculator ethereum
bitcoin вики Censorship resistanceзаработок bitcoin cryptocurrency wikipedia динамика ethereum 4pda bitcoin
red bitcoin bitcoin atm dorks bitcoin bitcoin paypal bitcoin word tether clockworkmod динамика ethereum source bitcoin 22 bitcoin king bitcoin accepts bitcoin бесплатно bitcoin bitcoin simple matrix bitcoin bitcoin api видеокарты bitcoin connect bitcoin bitcoin лохотрон bitcoin rbc казино ethereum вложения bitcoin bitcoin betting
сборщик bitcoin water bitcoin пожертвование bitcoin bitcoin play bitcoin эмиссия monero майнить bitcoin транзакция ethereum dark monero bitcointalk bitcoin kran gek monero график monero spots cryptocurrency криптовалюта bitcoin ethereum обозначение It’s important to understand a fundamental difference between externally owned accounts and contract accounts. An externally owned account can send messages to other externally owned accounts OR to other contract accounts by creating and signing a transaction using its private key. A message between two externally owned accounts is simply a value transfer. But a message from an externally owned account to a contract account activates the contract account’s code, allowing it to perform various actions (e.g. transfer tokens, write to internal storage, mint new tokens, perform some calculation, create new contracts, etc.).Distributionторги bitcoin wikipedia ethereum ethereum frontier usb tether cryptocurrency wallets wired tether bitcoin регистрации bitcoin майнинг халява bitcoin ethereum mining bitcoin суть cpp ethereum client bitcoin the ethereum Bitcoin doesn’t charge you with anything, unlike the bank which can cost you as much as a 10-pound fee for transfers internationally.bitcoin aliexpress cryptocurrency mining ethereum проекты monero майнить подтверждение bitcoin nanopool ethereum особенности ethereum bitcoin virus electrum bitcoin blockchain ethereum
bitcoin приложение
ethereum miner hack bitcoin bitcoin 5 bitcoin two
bitcoin gold консультации bitcoin neo cryptocurrency bitcoin doge bitcoin generate инвестиции bitcoin bitcoin pump monero minergate майнер monero dash cryptocurrency cryptocurrency calendar bitcoin scripting bitcoin multiplier bitcoin matrix bitcoin surf прогнозы bitcoin
ethereum видеокарты
bitcoin hash ethereum course monero новости monero валюта bitcoin convert ethereum siacoin киа bitcoin bitcoin автоматически bitcoin rigs tether gps bitcoin map x2 bitcoin equihash bitcoin bitcoin сервера network bitcoin 999 bitcoin ethereum web3 bitcoin explorer
ethereum project xpub bitcoin
bitcoin rbc ethereum обвал bitcoin обменники bitcoin кран bitcoin knots segwit bitcoin
bip bitcoin cryptocurrency счет bitcoin курса ethereum alien bitcoin ethereum получить konvert bitcoin баланс bitcoin Proof of workalpha bitcoin bitcoin capitalization cryptocurrency chart bitcoin etherium bitcoin eth forex bitcoin bitcoin database blocks bitcoin
ethereum news регистрация bitcoin bitcoin комиссия bitcoin котировки nodes bitcoin bitcoin блог отдам bitcoin ethereum client бесплатные bitcoin bitcoin wordpress
monero dwarfpool
ethereum stats vk bitcoin bitcoin информация bitcoin генераторы блог bitcoin bitcoin минфин
buying bitcoin ultimate bitcoin golden bitcoin p2pool bitcoin bitcoin win bitcoin arbitrage код bitcoin bitcoin вложения bitcoin сервисы bitcoin скрипт casper ethereum курс bitcoin course bitcoin обменник ethereum анонимность bitcoin
bitcoin настройка bitcoin кошелек cryptocurrency reddit spin bitcoin monero hardware bitcoin обменник finney ethereum bitcoin бизнес bitcoin пицца bitcoin переводчик bitcoin server криптовалюту bitcoin bitcoin armory ethereum курсы ethereum blockchain компания bitcoin asic bitcoin bitcoin официальный bitcoin автоматический bitcoin будущее адрес ethereum развод bitcoin linux bitcoin salt bitcoin bitcoin перевод matrix bitcoin bitcoin 2 фото bitcoin bitcoin часы
kurs bitcoin bitcoin бизнес future bitcoin little bitcoin cryptocurrency tech reklama bitcoin pay bitcoin bitcoin click bitcoin кэш bitcoin security
обменник monero ethereum перевод ethereum forum
As mentioned earlier, there are close to 3,000 cryptocurrencies in the market—a market that has become nearly saturated with options. Most experts say the vast majority of these options will eventually fail as users begin to coalesce around just a few. The Bitcoin Storyserver bitcoin x2 bitcoin bitcoin торговля elena bitcoin
bitcoin double rx560 monero topfan bitcoin эфир bitcoin ethereum логотип bitcoin инструкция bitcoin future Latest Coinbase Coupon Found:Whenever a disagreement of the block’s inclusion in a block chain occurs, the decision is then made simply by majority consensus if it’s more than 50% of the mining influence agrees.putin bitcoin bitcoin терминал addnode bitcoin lite bitcoin bitcoin игры бутерин ethereum coindesk bitcoin bitcoin iphone decred ethereum san bitcoin хардфорк ethereum
заработать monero
mixer bitcoin bitcoin anonymous bitcoin aliens
надежность bitcoin bitcoin play купить bitcoin
The dApp that currently captures the largest share of the DeFi market is MakerDAO. The protocol offers a way to take a decentralized loan in a stablecoin named Dai by locking up ETH. Dai is currently pegged to the US dollar and can be lent out on platforms such as Compound to generate interest with attractive rates.litecoin bitcoin Since market prices for cryptocurrencies are based on supply and demand, the rate at which a cryptocurrency can be exchanged for another currency can fluctuate widely, since the design of many cryptocurrencies ensures a high degree of scarcity. cranes bitcoin bitcoin google location bitcoin get bitcoin new cryptocurrency byzantium ethereum monero wallet bitcoin china bitcoin роботы bitcoin motherboard bitcoin daemon fee bitcoin ethereum course doubler bitcoin
monero кошелек bitcoin traffic ethereum swarm зарегистрировать bitcoin криптовалют ethereum баланс bitcoin мастернода bitcoin bitcoin goldmine bitcoin карты ethereum programming проекты bitcoin amazon bitcoin magic bitcoin skrill bitcoin казахстан bitcoin ethereum asic
sberbank bitcoin отследить bitcoin комиссия bitcoin шифрование bitcoin Bitcoin Mining Hardware: How to Choose the Best OneThe public collapse of the Mt. Gox bitcoin exchange service was not due to any weakness in the bitcoin system. Rather, the organization collapsed because of mismanagement and the company's unwillingness to invest in appropriate security measures. Mt. Gox had a large bank with no security guards.
