Litecoin wiki
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items. Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years every , blocks.
The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin. Community Find support across a growing number of Litecoin communities: A decentralized ledger of shared computational resources" PDF. These hash functions can be tuned to require rapid access a very large memory space, making them particularly hard to optimize to specialized massively parallel hardware.
Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system.
Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Cryptography portal Economics portal Free software portal Internet portal Numismatics portal. This math-based currency is seeing increase in its adoption. This news ignited a lot of speculation over Litecoin, and ultimately led to a substantial rise in value. The exchange rate at that time was highly volatile, trading between 2.
The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support. Retrieved from " https: Navigation menu Personal tools Log in Request account.