Litecoin
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
Litecoin
6 Full Logo S-2.png
Official Litecoin logo
Denominations
Plural Litecoins
Symbol Ł
Ticker symbol LTC
Precision 10−8
Subunits
1⁄1000 millilitecoin, mŁ
1⁄1000000 microlitecoins, photons, μŁ
Development
Original author(s) Charlie Lee
Initial release 0.1.0 / 7 October 2011; 9 years ago
Latest release 0.18.1 / 11 June 2020; 7 months ago
Code repository github.com/litecoin-project/litecoin
Development status Active
Project fork of Bitcoin
Written in C++
Operating system Windows, OS X, Linux, Android
Developer(s) Litecoin Core Development Team
Source model Open source
License MIT License
Website litecoin.org litecoin.com
Ledger
Timestamping scheme Proof-of-work
Hash function scrypt
Block reward 12.5 LTC (approximately till August 2023), halved approximately every four years
Block time 2.5 minutes
Block explorer ltc.bitaps.com explorer.litecoin.net chainz.cryptoid.info blockchair.com
Circulating supply 62,424,175 LTC (26 June 2019)
Supply limit 84,000,000 LTC
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin.
Contents
1 History
2 Differences from Bitcoin
3 See also
4 References
5 External links
History
Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee who later became Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011.
It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.
In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second.
Differences from Bitcoin
Litecoin is different in some ways from Bitcoin.[citation needed]
The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.
Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.[citation needed]
Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.
When it comes to Litecoin as a method of payment, in early days there was correlation to Bitcoin in terms of extended payment patterns. Although one might assume that payment patterns of Litecoin would converge to Bitcoin, it has been found that there is little correlation of the payment patterns of Litecoin vs Bitcoin today, and these patterns continue to diverge over time
bitcoin darkcoin
bitcoin россия bitcoin cloud бесплатные bitcoin bitcoin отследить sberbank bitcoin faucet cryptocurrency ethereum капитализация bitcoin рейтинг purse bitcoin decred cryptocurrency ethereum php bitcoin заработок hash bitcoin bitcoin mt4 bitcoin фермы
удвоитель bitcoin monero faucet заработать ethereum ethereum 1070 planet bitcoin дешевеет bitcoin maps bitcoin
bitcoin wmz bitcoin что bitcoin visa fast bitcoin bitcoin лучшие login bitcoin claim bitcoin nanopool monero bitcoin goldman dash cryptocurrency bitcoin s bitcoin заработка programming bitcoin bitcoin win monero майнить bitcoin обналичивание bitcoin conference заработок ethereum moon bitcoin
ethereum описание blockstream bitcoin cold bitcoin ethereum developer
second bitcoin rpc bitcoin киа bitcoin bitcoin автор claymore monero bitcoin gpu форум bitcoin bitcoin best search bitcoin monero proxy андроид bitcoin
cryptocurrency exchanges bitcoin описание bitcoin окупаемость технология bitcoin
футболка bitcoin скрипт bitcoin dwarfpool monero bitcoin linux dollar bitcoin
ethereum stratum The incentive can also be funded with transaction fees. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.5) Permissionless: You don‘t have to ask anybody to use cryptocurrency. It‘s just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.What is Cryptocurrency: Monetary propertiesbitcoin lurkmore ethereum клиент daemon monero книга bitcoin майнить bitcoin
консультации bitcoin
bitcoin стоимость cryptonator ethereum bitcoin бизнес bitcoin openssl акции bitcoin fpga ethereum platinum bitcoin bitcoin chains магазины bitcoin monero bitcointalk sberbank bitcoin tether скачать bitcoin сша wechat bitcoin 4000 bitcoin
tether gps bitmakler ethereum bitcoin litecoin monero продать tera bitcoin ethereum rotator monero cryptonote bitcoin mmm ethereum com polkadot cadaver bitcoin python web3 ethereum bitcoin freebitcoin The DAO eventbitcoin программирование ethereum история заработать monero
bitcoin service bitcoin халява bitcoin sberbank
Developing and monitoring any smart contractsethereum курсы bitcoin картинка
moon ethereum bitcoin софт Note: You need to differentiate the Bitcoin and the bitcoin terms. The former term means the whole payment infrastructure while the latter one is just a currency, an application of Bitcoin.bitcoin froggy bitcoin ne транзакции ethereum usb bitcoin фермы bitcoin rate bitcoin fast bitcoin bitcoin valet разработчик bitcoin bitcoin address bitcoin лохотрон bitcoin vizit bitcoin co
адреса bitcoin bitcoin android биржа bitcoin bitcoin миксеры ethereum алгоритмы bitcoin register ru bitcoin bitcoin ферма bitcoin mmgp *****p ethereum How do you run Ethereum?bitcoin bitcoin two Each participating computer, often referred to as a 'miner,' solves a mathematical puzzle that helps verify a group of transactions—referred to as a block—then adds them to the blockchain leger. The first computer to do so successfully is rewarded with a small amount of cryptocurrency for its efforts.ethereum mining play bitcoin bitcoin продать
2) You have to be the first miner to arrive at the right answer, or closest answer, to a numeric problem. This process is also known as proof of work. You need to store significant sums of bitcoin securely.The supply of bitcoin is impacted in two different ways. First, the bitcoin protocol allows new bitcoins to be created at a fixed rate. New bitcoins are introduced into the market when miners process blocks of transactions and the rate at which new coins are introduced is designed to slow over time. Case in point: growth has slowed from 6.9% (2016), to 4.4% (2017) to 4.0% (2018).1 This can create scenarios in which the demand for bitcoins increases at a faster rate than the supply increases, which can drive up the price. The slowing of bitcoin circulation growth is due to the halving of block rewards offered to bitcoin miners and can be thought of as artificial inflation for the cryptocurrency ecosystem.bitcoin ne Are similar to Bitcoin in architecture, with Proof-of-Work securing the base layer.bitcoin knots
bitcoin 33 p2pool ethereum bitcoin roll обмен monero testnet bitcoin
explorer ethereum electrum bitcoin
wirex bitcoin bitcoin автомат
отзыв bitcoin bitcoin бот картинки bitcoin
bitcoin ваучер monero rur alpha bitcoin bitcoin официальный
bitcoin arbitrage bitcoin lucky value bitcoin tether транскрипция
dorks bitcoin maps bitcoin armory bitcoin
bitcoin вклады bitcoin analytics advcash bitcoin cryptocurrency news
direct bitcoin bitcoin okpay mine ethereum the ethereum monero node korbit bitcoin
cryptocurrency wikipedia download bitcoin The Halving Theorybitcoin государство bitcoin com bitcoin community bitcoin таблица ethereum rub doge bitcoin bitcoin monkey xpub bitcoin bitcoin price протокол bitcoin bitcoin lottery
mining monero рост bitcoin партнерка bitcoin ethereum падает monero ann local ethereum bitcoin store Value exchange is the main use case of the Ethereum blockchain today, often via the blockchain’s native token, ether. But many of the developers are working on the cryptocurrency because of its long-term potential and the ambitious vision of its developers to use Ethereum to give users more control of their finances and online data. The ambitious idea – which sometimes leads to Ethereum being referred to as 'world computer' – has been met with its share of critics who say it probably won’t work. But if this experiment rolls out as planned, it would spawn apps very different from Facebook and Google, which users knowingly or unknowingly trust with their data. bitcoin протокол agario bitcoin bitcoin cz ethereum ubuntu
bitcoin poker bot bitcoin приват24 bitcoin
bitcoin example bitcoin вложить total cryptocurrency виталий ethereum bitcoin reserve bitcoin news mempool bitcoin описание ethereum monero js
satoshi bitcoin генераторы bitcoin bitcoin x2 Tangerine Whistle - October 2016nvidia bitcoin
блок bitcoin bitcoin телефон bitcoin primedice bitcoin фирмы bitcoin de
bitcoin mmgp
bitcoin капитализация bitcoin lion bitcoin adress ethereum обмен bitcoin instaforex обменник bitcoin There are a few drawbacks to stablecoins to keep in mind. Because of the way stablecoins are typically set up, they have different pain points than other cryptocurrencies.bitcoin обзор Software Updatesmoto bitcoin bitcoin knots dorks bitcoin компания bitcoin bitcoin картинка bitcoin heist KEY TAKEAWAYSDevelopmentVery secureOnly unstoppable ideas can break otherwise immovable institutions: zero brought The Church to its knees and Bitcoin is bringing the false church of The Fed into the sunlight of its long-awaited judgement day.bitcoin wmx bitcoin club ethereum chart monero hashrate bitcoin instaforex сложность monero настройка ethereum ethereum studio зарабатывать bitcoin bitcoin fork keystore ethereum
bitcoin redex hd7850 monero bitcoin sweeper ethereum акции проекта ethereum
bitcoin будущее bitcoin dice bitcoin github
ethereum go bitcoin 4096 теханализ bitcoin
