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 информация monero amd bitcoin poloniex ubuntu ethereum
chain bitcoin
segwit bitcoin vector bitcoin roulette bitcoin best cryptocurrency bitcoin рост алгоритмы ethereum bitcoin видео mindgate bitcoin bitcoin прогнозы bitcoin презентация difficulty ethereum reindex bitcoin bitcoin nyse bitcoin форум bitcoin зарегистрироваться monero bitcointalk cryptocurrency calendar bitcoin транзакция bitcoin рубль bitcoin is
bitcoin вложить 10000 bitcoin future bitcoin bitcoin scan bitcoin трейдинг bitcoin список майнинга bitcoin bitcoin программа bitcoin freebie проверка bitcoin bitcoin терминал bitcoin clicks monero gpu xmr monero bitcoin ruble fox bitcoin korbit bitcoin курс monero
ethereum install capitalization cryptocurrency reddit cryptocurrency обсуждение bitcoin форк ethereum форумы bitcoin alien bitcoin genesis bitcoin
coins bitcoin hyip bitcoin
краны bitcoin
ethereum виталий bitcoin auto bitcoin lurkmore market bitcoin asics bitcoin ethereum пулы monero cpuminer bitcoin машины tether ico pull bitcoin bitcoin io пополнить bitcoin phoenix bitcoin ethereum обозначение технология bitcoin ethereum transactions новости monero sgminer monero bitcoin script monero amd sell ethereum mmm bitcoin card bitcoin dat bitcoin 600 bitcoin tracker bitcoin bitcoin математика miningpoolhub monero byzantium ethereum bitcoin список bitcoin instagram
bitcoin заработок ethereum contract ethereum info
bitcoin torrent q bitcoin bitcoin обучение bitcoin отследить epay bitcoin динамика ethereum видео bitcoin froggy bitcoin amd bitcoin car bitcoin
rigname ethereum bitcoin майнить bitcoin рублях red bitcoin ethereum упал
Cypherpunks believe that privacy is a fundamental human right, including privacy from governments. They understand that the weakening of a system’s security for any reason, including access by 'trusted authorities', makes the system insecure for everyone who uses it.Let’s start with the basics...purse bitcoin
ann ethereum bitcoin server birds bitcoin bitcoin nedir пополнить bitcoin криптовалюты ethereum bitcoin joker bitcoin suisse казино ethereum шрифт bitcoin ethereum calculator vector bitcoin ютуб bitcoin bitcoin alien bitcoin луна обзор bitcoin super bitcoin bitcoin capital видеокарты ethereum goldmine bitcoin лучшие bitcoin bitcoin приложения In other words, the system allowed two users who didn’t know or trust each other to exchange money in the same way they could pass cash back and forth. The system also allowed users to confirm messages, transactions and data using a tool called public key encryption, eliminating any need to disclose their identities to transaction partners or third parties. Pseudonymity, in this case, was a byproduct but not a primary feature.история bitcoin bitcoin 2000 ethereum wallet ethereum перспективы проекты bitcoin tether coin создатель ethereum difficulty ethereum strategy bitcoin будущее ethereum
bitcoin торговля bitcoin p2p foto bitcoin bitcoin elena bitcoin oil bitcoin calculator ethereum casper bitcoin bounty ethereum описание пицца bitcoin bitcoin pizza
bitcoin скрипты payza bitcoin
wikipedia cryptocurrency cryptocurrency trade green bitcoin bitcoin nodes яндекс bitcoin monero хардфорк bitcoin buying polkadot store bitcoin bow bitcoin hesaplama bitcoin go bitcoin ваучер bitcoin программа bitcoin pizza заработок bitcoin контракты ethereum Very securebitcoin stock bitcoin plus фьючерсы bitcoin bitcoin update ethereum прогнозы bitcoin currency bitcoin развод bitcoin видеокарты лото bitcoin bitcoin карты amazon bitcoin bitcoin аккаунт сложность monero робот bitcoin
registration bitcoin hourly bitcoin future bitcoin matteo monero collector bitcoin 1080 ethereum people bitcoin
bitcoin лучшие bitcoin капитализация bitcoin лохотрон stats ethereum рейтинг bitcoin ethereum проблемы ethereum torrent автомат bitcoin создатель bitcoin bitcoin hesaplama bitcoin в bitcoin лохотрон ethereum install bitcoin swiss secp256k1 ethereum ethereum faucet