Currency conversion method
Publish: 2021-04-30 23:14:04
1. Brief introction: a kind of currency based on bitcoin protocol, but it does not require extremely high computing power. It can also be mined by ordinary computer. Lightcoin's algorithm comes from the algorithm designed by Dr colinpercival for tarsnap secure online backup service (backup for Linux and other open source operating systems)< Br > release time: lightcoin was released on October 7, 2011 through the open source client on GitHub< Br > maximum supply: 84 million LTC < br > total circulation: 55152208ltc < br > market value: $8882916638
2. 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< What's the difference between lightcoin and bitcoin:
1. Transaction:
it's easier to use, larger in volume and greater in appreciation potential. The block confirmation time is shorter, which is four times faster than bitcoin. For example, pizza owners are more willing to accept LTC payment to save transaction time< mining:
special algorithm creates the unique charm of LTC, which is also the key to stand out from Shanzhai coins. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory, each hash is used as the input seed, and then needs a lot of memory to store another seed pseudo-random sequence, Generate pseudo-random points of sequence and output hash value. The key is that scrypt algorithm needs a lot of memory while sha256 algorithm does not. So in this era when BTC mining of graphics card is coming to an end, LTC mining is about to usher in a golden period of development. Because of the high cost of memory, any ASIC or FPGA has no advantage over graphics card mining. LTC has advantages, at least in the foreseeable future
3. The biggest threat of bitcoin is 51% attack:
some shanzhais are killed by 51% attack. To be honest, LTC is a worry for the development of LTC and BTC, of course. However, the specific problems they face are different: BTC can avoid 51% attack through technology upgrading (such as end block reconstruction, careful node upgrading, and calculation difficulty), However, there is no way to evade LTC technology. However, e to the scattered computing power of graphics card mining and the increasing difficulty, this problem needs to be paid attention to, but don't worry too much. With the use of ASIC in BTC, the risk of 51% attack is increasing. I hope BTC development team can solve this problem as soon as possible.
1. Transaction:
it's easier to use, larger in volume and greater in appreciation potential. The block confirmation time is shorter, which is four times faster than bitcoin. For example, pizza owners are more willing to accept LTC payment to save transaction time< mining:
special algorithm creates the unique charm of LTC, which is also the key to stand out from Shanzhai coins. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory, each hash is used as the input seed, and then needs a lot of memory to store another seed pseudo-random sequence, Generate pseudo-random points of sequence and output hash value. The key is that scrypt algorithm needs a lot of memory while sha256 algorithm does not. So in this era when BTC mining of graphics card is coming to an end, LTC mining is about to usher in a golden period of development. Because of the high cost of memory, any ASIC or FPGA has no advantage over graphics card mining. LTC has advantages, at least in the foreseeable future
3. The biggest threat of bitcoin is 51% attack:
some shanzhais are killed by 51% attack. To be honest, LTC is a worry for the development of LTC and BTC, of course. However, the specific problems they face are different: BTC can avoid 51% attack through technology upgrading (such as end block reconstruction, careful node upgrading, and calculation difficulty), However, there is no way to evade LTC technology. However, e to the scattered computing power of graphics card mining and the increasing difficulty, this problem needs to be paid attention to, but don't worry too much. With the use of ASIC in BTC, the risk of 51% attack is increasing. I hope BTC development team can solve this problem as soon as possible.
3. Lightcoin calculator calculated for reference only, not necessarily real income, recommend several mining graphics card to you, hd7990 R9 290x gold slave miner data card R9 280x
4. There are three ways to choose:
1. Direct buying and selling, relying on the market and price difference to earn income, has greater risk and consumes more time and energy
2. To become a miner, you can get the Laite coin at the cost price, and then sell it in the market. But now the cost of the miner is too high, and there is a lot of investment in the early stage
3. The income of Laite coin will be less than the first two, but it is better than stability and safety. It means the same as the bank's Fund. At present, the popular financial supermarket on the market are AEX, coin an Bao and OK Yu coin Bao. The financial supermarket on AEX has the debt transfer function that other platforms don't have, and they invest on it, Your money is more flexible
indivials are inclined to the third.
1. Direct buying and selling, relying on the market and price difference to earn income, has greater risk and consumes more time and energy
2. To become a miner, you can get the Laite coin at the cost price, and then sell it in the market. But now the cost of the miner is too high, and there is a lot of investment in the early stage
3. The income of Laite coin will be less than the first two, but it is better than stability and safety. It means the same as the bank's Fund. At present, the popular financial supermarket on the market are AEX, coin an Bao and OK Yu coin Bao. The financial supermarket on AEX has the debt transfer function that other platforms don't have, and they invest on it, Your money is more flexible
indivials are inclined to the third.
5. 1. Mining
2. Buying.
2. Buying.
6. Of course, you can recharge bitcoin directly to the bitcoin exchange. If you don't have an account in the exchange, you can register one and carry out real name authentication. Then you can sell bitcoin on the exchange and withdraw the capital to your bank card.
7. Litecoin is a kind of network currency based on peer-to-peer technology. Litteoin was inspired by bitcoin (BTC) and contributed by bitewang
8. Virtual currency has no real value,
it belongs to the category of network pyramid selling in essence,
the currency has high value-added in external publicity,
the corresponding website may be closed at any time,
it is recommended not to participate in it, so as not to become a dish collector.
it belongs to the category of network pyramid selling in essence,
the currency has high value-added in external publicity,
the corresponding website may be closed at any time,
it is recommended not to participate in it, so as not to become a dish collector.
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