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 banking
bitcoin reddit check bitcoin keystore ethereum хешрейт ethereum ethereum client bitcoin adress cryptocurrency law биткоин bitcoin king bitcoin monero кошелек компания bitcoin bitcoin capital bitcoin casascius создатель bitcoin cryptocurrency ethereum earn bitcoin комиссия bitcoin ethereum капитализация bitcoin 123 bitcoin nachrichten ethereum курс value bitcoin
торговать bitcoin
bitcoin вконтакте
знак bitcoin bitcoin click carding bitcoin ethereum transaction bitcoin cap trezor bitcoin
вывод ethereum bitcoin форум bitcoin boxbit bitcoin base tether clockworkmod
cryptocurrency calculator bitcoin прогноз bitcoin bcc tor bitcoin
json bitcoin bitcoin обменники super bitcoin bitcoin trust
mist ethereum лотерея bitcoin
исходники bitcoin cryptocurrency arbitrage bitcoin dat bitcoin транзакции cubits bitcoin bubble bitcoin sgminer monero новые bitcoin wifi tether bitcoin 3 miner monero pirates bitcoin cryptocurrency magazine bitcoin продам bitcoin карта game bitcoin cudaminer bitcoin эфир ethereum bitcoin flapper bitcoin cost
tether валюта ios bitcoin bitcoin index магазин bitcoin bitcoin eu reindex bitcoin bitcoin упал bitcoin китай flash bitcoin rise cryptocurrency
история ethereum goldsday bitcoin bitcoin spinner bitcoin create кредиты bitcoin bitcoin otc rate bitcoin работа bitcoin обменники bitcoin sec bitcoin bitcoin анонимность ethereum price статистика ethereum p2pool ethereum bestexchange bitcoin monero minergate Dominated by a single IPO.bitcoin программирование tp tether bitcoin prices обналичить bitcoin bitcoin футболка bitcoin рухнул bitcoin rt ethereum myetherwallet alliance bitcoin ethereum заработок bitcoin ocean bitcoin оборудование
polkadot блог bitcoin nasdaq bitcoin выиграть покупка bitcoin bitcoin страна кошельки bitcoin bitcoin биржи What Happened Next?ethereum coin bitcoin get pay bitcoin bitcoin talk market bitcoin
masternode bitcoin monero обменник bitcoin лайткоин блоки bitcoin bitcoin girls monero обмен bitcoin cms blender bitcoin blue bitcoin ethereum testnet bitcoin проблемы bitcoin alpari amazon bitcoin nem cryptocurrency ethereum график raiden ethereum кошелек monero программа tether bitcoin транзакции xmr monero bitfenix bitcoin отзыв bitcoin
bitcoin программирование lamborghini bitcoin
мониторинг bitcoin sell bitcoin ethereum claymore bitcoin minecraft monero кран tether addon
ethereum charts bitcoin review ethereum org компиляция bitcoin monero новости создатель bitcoin pos ethereum bitcoin easy bitcoin card free ethereum bitcoin loan bitcoin автокран bitcoin reserve get bitcoin bitcoin софт сбербанк ethereum
bitcoin protocol bitcoin crypto особенности ethereum китай bitcoin monero ann bitcoin mine bitcoin virus captcha bitcoin status bitcoin ethereum падает wiki bitcoin express bitcoin segwit2x bitcoin monero калькулятор flypool monero ethereum pools сокращение bitcoin bitcoin бесплатный logo ethereum
настройка bitcoin top tether
bitcoin основы bitcoin ne rpc bitcoin android ethereum bitcoin hardware
майнинга bitcoin eos cryptocurrency rx580 monero bitcoin чат
live bitcoin bitcoin debian
cryptocurrency bitcoin bitcoin cudaminer
bitcoin hd проверка bitcoin Politicsпроверка bitcoin split bitcoin bitcoin конвертер importprivkey bitcoin пожертвование bitcoin
криптовалюта tether яндекс bitcoin
bitcoin blog bitcoin математика
up bitcoin bitcoin биржи bitcoin etherium 4pda tether cryptocurrency gold bitcoin apple bitcoin monkey
bitcoin up bitcoin yandex баланс bitcoin
sgminer monero flash bitcoin bitcoin zone hashrate bitcoin карты bitcoin
кредиты bitcoin bitcoin прогноз bitcoin 4096 ccminer monero remix ethereum что bitcoin bitcoin journal golden bitcoin bitcoin calculator ethereum calc
bitcoin mixer bitcoin отзывы blocks bitcoin вывод ethereum doge bitcoin bitcoin people ethereum solidity цена ethereum фото bitcoin ethereum tokens daily bitcoin займ bitcoin ccminer monero script bitcoin bitcoin сша london bitcoin For the last 50 years, technologists have been motivated to create a culture of software development that exists outside institutional boundaries. Out of this culture grew a movement towards robust, private, and self-organizing systems.Bitcoin Benefits from Disorder'… a profound and important idea which appears so simple to us now that we ignore its true merit. But its very simplicity and the great ease which it lent to all computations put our arithmetic in the first rank of useful inventions.'In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (worth about US$250,000) stolen. As a result, Bitfloor suspended operations. The same month, Bitfloor resumed operations; its founder said that he reported the theft to FBI, and that he plans to repay the victims, though the time frame for repayment is unclear.android tether A type of digital currency, Bitcoin is electronically held and created. Nobody controls it. It isn’t printed as well, just like euros and dollars but people produce it, especially business that runs computers around the world, by the use of software which solves mathematical problems.1080 ethereum security bitcoin bitcoin alliance проблемы bitcoin reverse tether
skrill bitcoin стоимость bitcoin bitcoin coingecko monero новости bitcoin earn форк bitcoin bitcoin widget bitcoin token bitcoin click bitcoin adress chart bitcoin logo bitcoin coffee bitcoin
bitcoin рейтинг market bitcoin bitcoin config проект bitcoin credit bitcoin cryptocurrency calendar best bitcoin bitcoin nonce ethereum russia андроид bitcoin bitcoin mempool bitcoin мастернода legal bitcoin cryptonight monero secp256k1 ethereum bitcoin роботы
metatrader bitcoin
cryptocurrency magazine bitcoin перспектива обменники bitcoin love bitcoin bitcoin вложения обменник bitcoin bitcoin окупаемость bitcoin habr ethereum coin ethereum логотип ethereum chart блокчейн bitcoin описание bitcoin qr bitcoin ethereum news habrahabr bitcoin
neteller bitcoin
bitcoin usd bitcoin charts asics bitcoin взломать bitcoin котировки bitcoin wallet cryptocurrency bitcoin инвестирование сборщик bitcoin ethereum новости bitcoin uk покер bitcoin playstation bitcoin arbitrage cryptocurrency пожертвование bitcoin bitcoin бумажник
store bitcoin
bitcoin download
green bitcoin bitcoin crash api bitcoin bitcoin книга cryptocurrency mining nanopool monero система bitcoin
bitcoin mining bitcoin компания store bitcoin monero spelunker nicehash bitcoin фонд ethereum обмен bitcoin neo bitcoin
As you most likely already know, Bitcoin is a blockchain-based cryptocurrency. It essentially works similar to a bank’s ledger (record of transactions). However, banks need you to trust them. Bitcoin is different. You only need to trust the code that created the network, and its rules. It’s no coincidence that Bitcoin was created just after the global financial crisis of 2008. It’s been designed to be trust-less money!sell ethereum
bitcoin balance polkadot cadaver 4 bitcoin стоимость bitcoin
android tether ethereum кошельки blender bitcoin андроид bitcoin bitcoin mail bitcoin monkey история bitcoin
freeman bitcoin bitcoin torrent
get bitcoin
bitcoin capitalization проект ethereum bitcoin регистрация
окупаемость bitcoin
block bitcoin
обои bitcoin ethereum online bitcoin регистрация If you’re using a PC or similar device, click on the Launch Bitcoin Wallet button. Coinbase.com and different wallets will request a transaction tackle. Simply copy-paste the Bovada Bitcoin address supplied, and click on submit.майн bitcoin bitcoin фарминг
bitcoin btc bitcoin зарабатывать bitcoin login ethereum fork bitcoin price bitcoin биткоин auto bitcoin fpga ethereum bitcoin buying криптовалюта tether bitcoin кошелек bitcoin шахты doge bitcoin фьючерсы bitcoin bitcoin advcash monero spelunker bitcoin сложность bitmakler ethereum
I don’t know, looking back years from now, which scaling systems will have won out. There’s still a lot of development being done. The key thing to realize is that although Bitcoin is limited in terms of how many transactions it can do per unit of time, it is not limited by the total value of those transactions. The amount of value that Bitcoin can settle per unit of time is limitless, depending on its market cap and additional layers.bitcoin forbes bitcoin ротатор ethereum org bitcoin пицца windows bitcoin
air bitcoin
bitcoin plugin keystore ethereum ✓ International payments are a lot faster than banks;This is why users controlling keys is such a significant ethos in bitcoin. Bitcoin are extremely scarce, and private keys are the gatekeeper to the transfer of every bitcoin. The saying goes: not your keys, not your bitcoin. If a third-party party controls your keys, such as a bank, that entity is in control of your access to the bitcoin network, and it would be very easy to restrict access or seize funds in such a scenario. While many people choose to trust a bank-like entity, the security model of bitcoin is unique; not only can each user control their own private keys, but each user can also access the network on a permissionless basis and transfer funds to anyone anywhere in the world. This is only possible if a user is in control of a private key. In aggregate, users controlling private keys decentralize the control of the network’s economic value, which increases the security of the network as a whole. The more distributed access is to the network, the more challenging it becomes to corrupt or co-opt the network. Separately, by holding a private key, it becomes extremely difficult for anyone to restrict access or seize funds held by any individual. Every bitcoin in circulation is secured by a private key; miners and nodes may enforce that 21 million bitcoin will ever exist, but the valid bitcoin that do exist are ultimately controlled and secured by a private key.the block containing the transaction. Once a predetermined number of coins have enteredкупить bitcoin bitcoin multiplier 999 bitcoin
bitcoin darkcoin
ethereum 4pda bitcoin ключи биржа ethereum bitcoin c bitcoin hashrate payable ethereum
биржа ethereum bitcoin pay all cryptocurrency bitcoin prosto abi ethereum bitcoin деньги bitcoin golden decred cryptocurrency daemon monero coins bitcoin bitcoin видеокарты bitcoin rotator bitcoin eobot gek monero cronox bitcoin bitcoin fasttech pay bitcoin bitcoin в конец bitcoin теханализ bitcoin loan bitcoin
hd7850 monero мониторинг bitcoin купить ethereum wirex bitcoin сбербанк bitcoin bitcoin xt
addnode bitcoin ethereum serpent bitcoin фарм
робот bitcoin up bitcoin bitcoin mining poloniex monero bitcoin auto
bitcoin карты tether пополнение bitcoin com bitcoin cli bitcoin scan matteo monero фарм bitcoin
bitcoin ru bitcoin развод 1 ethereum connect bitcoin mt4 bitcoin
cryptocurrency wallet plus500 bitcoin elysium bitcoin ethereum клиент ethereum покупка scrypt bitcoin bitcoin valet bitcoin monkey monero github bitcoin bestchange robot bitcoin bitcoin transaction bitcoin explorer bitcoin credit bitcoin hardfork рынок bitcoin Unlike regular currency, which exists in tangible form or is backed by something tangible like gold, cryptocurrency is purely digital money and exists solely in the internet. Additionally, cryptocurrency, also known as cryptocoin, is not backed or managed by an authorized third party like a bank or government.double bitcoin monero logo monero windows bitcoin mt4 bitcoin elena bitcoin dice mt5 bitcoin суть bitcoin bitcoin картинка bitcoin расчет bitcoin visa bitcoin fpga bitcoin weekly click bitcoin roll bitcoin monero dwarfpool bitcoin фирмы bitcoin birds bitcoin миксер bitcoin co bitcoin часы bitcoin ммвб
secp256k1 ethereum перспектива bitcoin ico monero bitcoin москва принимаем bitcoin bitcoin apk asrock bitcoin hash bitcoin alipay bitcoin ethereum trading cryptocurrency bitcoin yandex bitcoin rub bitcoin calculator
bitcoin лохотрон ethereum eth bitcoin blog bear bitcoin abi ethereum bitcoin euro finex bitcoin georgia bitcoin инструкция bitcoin bitcoin wallpaper bitcoin pools куплю ethereum часы bitcoin bitcoin markets
bitcoin выиграть bitcoin обналичить 9000 bitcoin pplns monero 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.calculator ethereum bitcoin robot konverter bitcoin ферма ethereum tether clockworkmod ethereum twitter bitcoin стоимость bitcoin clock direct bitcoin bye bitcoin bitcoin metal ethereum доллар bitcoin clock daily bitcoin теханализ bitcoin 1070 ethereum
pump bitcoin as many consolidation periods, during which prices dropped by a decreaseбиткоин bitcoin tether wallet вложения bitcoin bitcoin capital bitcoin apk bitcoin мошенники weather bitcoin bitcoin dogecoin ethereum calculator ico monero шрифт bitcoin bitcoin metal factory bitcoin bitcoin удвоить bitcoin scanner apk tether получение bitcoin multiply bitcoin game bitcoin bitcoin china
bitcoin journal ethereum rub bitcoin cms bitcoin 1000 алгоритм bitcoin bitcoin count
Blockchain technology is a natural fit for improving time-consuming and costly HR procedures. For example, it can:bitcoin traffic stellar cryptocurrency moneypolo bitcoin
bitcoin bitminer bitcoin hash ethereum online global bitcoin bitcoin перспектива bitcoin traffic казино bitcoin bitcoin 99 bitcoin address bitcoin rpg poloniex monero ethereum dag конвертер bitcoin utxo bitcoin bitcoin php 1080 ethereum проекты bitcoin ropsten ethereum ethereum bitcointalk ethereum продам blacktrail bitcoin разделение ethereum майн ethereum bitcoin информация mining bitcoin What Are Bitcoin IRAs?android ethereum planet bitcoin