Foreign forum on Leyte coin

1.

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

2. 1. Do you have your own account? Do you remember the code? If you have all of them, you can check them on the platform. If they are invested on the BLC platform, I can check them for you
2. Don't simply define what MLM is. Many people don't know how to pretend to understand it, and they gloat over it. They want you to lose money and watch it
3. Investing in BTC, LTC, and EGD will not be a problem. Over the past few years, the problems have been caused by the investors' families or friends around them. The solution is that you should learn to operate by yourself
4. In recent three years, most of the collapsed investment platforms in China are entities, and some of them are fake virtual coins. Now I'm talking about lightcoin, which is as reliable as bitcoin. The characteristics or advantages of investing Wright coin, no matter whether it increases or does not increase in value, players are making a lot of money. For example, 1000 Wright coins are a single (today's price is 26). 3 yuan a piece), get 10 coins a day, 220 coins a month, but can withdraw 60%, the remaining 40% storage, when stored to 1000, automatically upgrade to 2000, that is, two single, then get 20 coins a day, and so on
5. Note that since 2014, many domestic financial experts have commented on how bad bitcoin is, and some messy people will also make sarcastic remarks. Over the past two years, there have been comments on videos and bad articles, but all of them are wrong. Why? Because it's new. It is impossible for backward cultural environment to accept new things in time. Looking at the latest and cutting-edge things depends on what people in the United States or other developed countries are doing.

3. virtual currency LTC withdrawal mode address input confirmation, and then will jump out, let you fill in your online banking address, and then fill in the confirmation OK

4. Lightcoin was not developed in a certain country, but by a former programmer of Google<
Lite coin
development time: November 9, 2011,
developer: Charlie Lee
algorithm: scrypt encryption algorithm
circulation platform: fullcoin
abbreviation: LTC, currency symbol: &# 321
it is a kind of network currency based on "peer-to-peer" technology and an open source software project under MIT / X11 license.

5. Lightcoin itself is not a fraud, but there are a lot of people under the guise of lightcoin to carry out pyramid schemes. At present, lightcoin is second only to bitcoin in popularity and recognition, and has higher recognition in China. In addition to Wright coin, there are Ruitai coin, vitality coin, dog coin, ether coin and other excellent currencies.

6. On October 7, 2011, a network organization announced the release of a new P2P virtual currency, called lightcoin (LTC)

litecoin is short for LTC, and its English name is litecoin. Litecoin stands for lightweight. The meaning behind litecoin is lightweight currency
1. Bitcoin generates a block every 10 minutes, while lightcoin LTC generates a block every 2.5 minutes. This means that lightcoin has faster transaction confirmation efficiency. Bitcoin transfer sometimes takes 1 hour or even longer to arrive at the account, but lightcoin generally takes less than 20 minutes to confirm

2. Since the LTC speed of lightcoin is four times that of bitcoin, and the reward of each block is the same as bitcoin, the total amount of money is four times that of bitcoin, which is 84 million lightcoins, which is higher than that of bitcoin<

3. Bitcoin adopts sha256 encryption algorithm, and lightcoin adopts script encryption algorithm. Compared with bitcoin, lightcoin LTC has a slightly lower computational load, which makes it easier to mine and more suitable for graphics card
(GPU) operation. At the same time, FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are better than sha256 used for bitcoin, More expensive.

7. At present, one view of lightcoin is that it will eventually survive and become an auxiliary currency other than bitcoin. There is a famous slogan on the official website of lightcoin: "bitcoin is gold, lightcoin is silver." Another point of view demonstrates that Leyte coin and other counterfeit coins can not succeed from a logical point of view: if the counterfeit coin succeeds, there will be more counterfeit coins, and the proliferation of counterfeit coins will lead to the collapse of value, and people finally find that bitcoin is the best way to maintain its value; If Shanzhai coin is not successful, there will be no imitators, and the failed Shanzhai coin will eventually disappear. The author tends to think that cryptography currency will eventually become an important member of the world's mainstream currency, and bitcoin is not necessarily the only one, just like the coexistence of US dollar, euro, yen and RMB in real life. There will not be only one kind of cryptocurrency, but there will not be innumerable kinds in the world. In the end, only bitcoin and the other 2-3 counterfeit currencies will survive. In fact, the key to the survival of an open source currency is the public's confidence in it, which comes from its long-term and stable use. In the two years since the invention of Leyte coin, public confidence in it has been graally established. Whether this confidence can be maintained or not, there are still many unstable factors. One of them is that lightcoin is more vulnerable to 51% attacks than bitcoin. Previously, FTC (feather coin), which uses the same algorithm as Wright coin, has been attacked by 51% and led to the collapse of public confidence. In fact, FTC is graally withdrawing from the stage of history. Whether it can resist 51% attacks and survive is a problem that lightcoin must solve. As for whether Leyte can replace bitcoin, we should go a step further: is there a counterfeit coin that can eventually replace bitcoin? The answer is simple: No. In the future, there will probably be a variety of cryptography currencies in the world, but any kind of counterfeit currency can not replace the mainstream position of bitcoin, no matter how excellent its algorithm is compared with bitcoin. We have to admit that bitcoin is not perfect compared with many counterfeit currencies. Its confirmation time is as long as 10 minutes, which is really time-consuming for transactions; 51% attack the sword of Damocles, which is always hanging overhead; From the perspective of environmental protection, the energy consumed by mining is almost wasted. Therefore, many new counterfeit currencies claim that their advantage lies in making up for the defects of bitcoin. But some of the flaws in bitcoin itself are not real. In other words, these defects are deliberately preserved by its inventors after weighing the pros and cons. For example, the 51% attack is rooted in the distributed mining characteristics of bitcoin, a P2P currency. While ripple's XRP currency doesn't need to worry about 51% attacks, and it doesn't need to spend a lot of energy on mining. However, its mode of relying on trust gateway for transaction and centralized currency issuance means that it is very easy to be controlled by government agencies. In addition, even if the design of some counterfeit coins is more ingenious, we should also understand the fact that no matter how excellent the indicators of a proct are, it can not guarantee that it can beat its competitors and achieve success.

8. There is a lot of discussion about "Wright is dead" on the Internet, mainly because of the sharp drop in its price in the past few months
is the Wright coin dying? In fact, for many reasons, it is not reliable to say that Leyte currency is extinct or that it has lost its second place in virtual currency. There are also signs that the rumors are coming from other virtual currency supporters, not from the lettercoin community. There are still many advantages to lightcoin, which can make it the second largest virtual currency in the world. Now they need to focus on the miners

9. Of course, there are people in the United States who play bitcoin. After all, lightcoin was also invented by Chinese Americans, the younger brother of Li Qiyuan, President of bitcoin China. Cryptocurrencies such as bitcoin and lightcoin came from Europe and the United States. At first, those who played bitcoin were all European and American countries. However, it is commendable that the Chinese are relatively smart, and every upgrading of the mining instry is inseparable from China

for example, the bitcoin mining entered the ASIC era, thanks to Avalon and roast cat. Of course, the butterfly experiment in the United States also contributed, but the consistent ticket skipping style of the butterfly laboratory in the United States is despised. There is also the roast cat with the upgrading of technology is graally marginalized, at present only Avalon has been in the forefront of innovation. It's the same with Laite coin ASIC mining. The Chinese were the first to develop Laite coin ASIC mining chips, which broke the myth that ASIC chips can't be used in Laite coin mining.