Lettercoin maniac August 7

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. According to estimates, the price of Leyte will be halved for the first time around August 26, 2015

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 authority. 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

other cryptocurrencies are the same. As time goes on, the speed of encryption will slow down until the output is zero. Dog coin, Fuyuan coin and bitcoin are all like this.

3. Lightcoin was released through GitHub's open source client on October 7, 2011[ 16] The current (as of June 26, 2014) client version is litecain v0.8.7.2[ 17] [dated info] other clients have also been released

4. 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

5. Lightcoin has just made some changes to bitcoin, which is basically the same as bitcoin. Some people like these changes, and others pursue them
digital currencies are traded on exchanges, such as coin an, fire coin and bitbuffer.

6.

The following is the quotation of domestic major Leyte currency trading platforms on July 28:

7. 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.

8. Litecoin is the most potential counterfeit coin after bitcoin. Miners say that BTC is gold and LTC is silver. LTC introction: litecoin (LTC), released on October 7, 2011, is the most valuable counterfeit coin at present. Compared with BTC, LTC is faster, with an average of 2.5 minutes per block and 6 confirmations in 15 minutes. In addition, the number of LTC is four times that of BTC, and the total number is 8400w
lightcoin's most comprehensive wallet security strategy, backup and recovery methods lightcoin client is the core of the (LTC) lightcoin peer-to-peer network, and each client constitutes a strong and robust (LTC) lightcoin network. As a user, you can use the client to pay and collect money. First of all, the most important thing is to do a good job of wallet security protection, backup, encryption, recovery. Protecting your wallet is the top priority.

9. Not necessarily, it's just a bitcoin wallet. There are a lot of bitcoin online wallets that can be used.