Realization of soft bifurcation technology of Leyte coin
① lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation
② lightcoin network is expected to proce 84 million lightcoins, which is about four times the circulation of bitcoin network
③ in its workload proof algorithm, lightcoin uses scrypt encryption algorithm first proposed by Colin Percival, which makes it easier to mine lightcoin on ordinary computer than bitcoin
lightcoin is the most successful digital currency to imitate bitcoin. At present, major platforms support lightcoin transactions, including 58coin. It can be seen that lightcoin is comparable to bitcoin in terms of security and recognition.
Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< better use of digital currency trading platform coin exchange
data expansion:
lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
in technology, lightcoin has almost the same implementation principle as bitcoin. It is based on an open source encryption protocol in the process of creation and transfer. Like bitcoin, lightcoin is also not managed by the central authorities
as we all know, bitcoin is proced through mining machine. The Leyte coin is also proced by "mining". In the whole mining process of Leyte coin, the computer graphics card will carry out the relevant hash operation. When our "miner" calculates the "burst value", you can get 50 Leyte coins. However, with the continuous growth of the computing power of Wright coin, it is not possible to use a few "mining machines" to dig Wright coin. Therefore, it can only be added to the "ore pool", so that all the calculation power can be collected, and the "ore burst value" can be calculated more easily
the expected total number of online currencies for lightcoin is 84 million, which is four times the amount of online currencies issued by bitcoin. We can use Leyte currency to exchange legal currency and bitcoin. In general, it is through online trading platform. Since the transaction of Leyte coin is irreversible, the revocable transaction cannot be carried out, because it will bring the risk of refund.
each litecain is divided into 100000000 smaller units, defined by eight decimal places. Lightcoin needs to be generated by "miner mining". Mining is done by hashing through computer graphics card. If the value of "mine explosion" is calculated, the system will reward 50 lightcoin at one time. At present, the computing power of Leyte coin is growing rapidly. The miners can't find the mine through several computers, so they need to join the mine pool. The mine pool gathers all the computing power of everyone, so the probability of finding the mine is greater
e to the popularity of bitcoin and lightcoin, many units, institutions or indivials proce money by imitating their principles in an endless stream. In order to regulate the operation of digital currencies such as lightcoin, the relevant departments of the state specially authorize and support the development of a series of training courses on digital assets and business value-added points, so that students can analyze objectively and invest rationally.