Focus interview exposes LTC
Publish: 2021-04-14 16:04:48
1. The birth of lightcoin can be traced back to 2011. At that time, shortly after bitcoin came out, some people found that bitcoin code could proce another digital currency with a little modification.
2. 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
3. At present, the global index of LTC is very high, and the turnover rate is also good, but according to the information on non trumpet, the rise of 24h is down.
4. 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.
5. 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.
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.
6. To tell you the truth, these so-called diseases and diseases are illegal, but the country may not have built pipelines so far. But whether the market will rise or fall, no one dares to promise you.
7. LTC is a kind of litecoin, which was developed by Charlie Lee after being inspired by bitcoin. However, the current market of digital currency is not stable, so it is not recommended for beginners to start with it. If you want to know the price of Leyte currency and other information, you can view it through the exchange or LTC browser. I hope I can help you
8. Litecoin is a kind of network currency based on peer-to-peer technology. Litteoin was inspired by bitcoin (BTC) and contributed by bitewang
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