Lightcoin Finance
According to the current difficulty calculation, we can dig about 1.012 Laite coins a day. This is the average calculation result in the mine pool. If there is an efficient mine pool or solo, maybe more
litecoin (abbreviated as 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
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
design purpose
it is based on bitcoin protocol, but it is different from bitcoin in that even at the present stage, it can efficiently "mine" through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units
one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin
related website community
< UL >official website of litecoin
official forum of litecoin
lightcoin China community
transactions
a peer-to-peer network similar to bitcoin handles lightcoin transactions, balances, and issues through a script workload proof scheme (when a sufficiently small hash value is found, the, A block will be created, and the lightcoin will be issued. The process of discovering the hash value and creating the block is called "mining"). The issuing rate of Leyte coins is reced by half every four years (every 840000 pieces) according to the proportional sequence, and finally the total number of LTCs is 84 million. Unlike bitcoin, the memory intensive feature of script makes it more suitable for "mining" with graphics processor (GPU). FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are more expensive than sha256 used for bitcoin
currently, lightcoin can exchange legal tender and bitcoin, most of which are through online trading platforms. Revocable transactions (such as credit card transactions) are generally not used to purchase Leyte, because Leyte transactions are irreversible, which brings the risk of refund. As of April 25, 2013, a Leyte is worth about $3.97 or 0.028 bitcoin. This makes Leyte the second largest electronic currency with a market value of about $35 million
client
litecain is a free software project released under MIT / X11 license, which allows you to run, modify and the software according to your own needs. You can also release a modified version of the software if you like
the software is released in a completely transparent form, and users can independently verify the binary version and the corresponding source code
mine pool
the lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine burst" is calculated, the system will reward 50 lightcoins at one time. At present, the computing power of lightcoin is growing rapidly, and the miner can't find the mine through several computers. Therefore, it is necessary to join the mine pool, which collects all the computing power, It is estimated that the probability of calculating the "blasting" value is higher
at present, the well-known mine pools include BTCC (original bitcoin China) mine pool, waltc.net fish pool (f2pool), wemineltc, coinotron, silverfish, liteguardian, litecoin pool.org, etc. But at present, the highest income is f2pool. Recently, it launched lightcoin theory income + 10% of mine pool subsidy = your actual income, which has attracted the attention of many miners and the instry
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the world's main active countries, the exchange rate of digital currency <
symbol
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lightcoin
LTC
201 1
coblee
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litecoin / org
~ $3.6 billion
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script
data block chain
litecoin block chain, compared with its competitor bitcoin, can handle larger transaction volume. Due to the more frequent generation of data blocks, the network can support more transactions without modifying the software in the future
as a result, businesses can obtain faster transaction confirmation, and they can still wait for more transaction confirmation when they sell large value procts
recently, the identity of Satoshi Nakamoto, the father of bitcoin, was accidentally exposed, which made bitcoin, which had graally faded out of the public's view, hot again. However, Craig, an Australian businessman with low-key and simple daily behavior, is still in the market; It took only five days for Craig Wright to admit that he had no courage to give up and prove that he was Nakamoto
not surprisingly, the mystery of "Nakamoto Tsung" will continue
"the twists and turns of Zhongben Cong's identity have not brought significant impact on the bitcoin market," Li Qiyuan, President of bitcoin China (BTCC), said in an interview with the first Financial Daily yesterday (May 9). As an innovative thing, bitcoin has been able to survive and grow steadily in the past few years, marking a kind of success. Liu Shengjun, executive vice president of China Europe Lujiazui Institute of international finance, is worried about the development prospect of bitcoin. "At present, no government is willing to give up its management power and accept bitcoin to replace legal tender."< On November 1, 2008, Nakamoto published a research report in a secret cryptography discussion group, in which the concept of bitcoin was first proposed. In 2009, the world's first bitcoin algorithm software appeared. In just four years after that, the price of bitcoin increased by hundreds or even thousands of times, which eclipsed other investment targets
as the creator of bitcoin, "Nakamoto Tsung" not only grasps the most core technology, but also increases people's curiosity and speculation about his real identity because of its huge wealth brought by about 1 million bitcoins (the current price of one bitcoin is about 2970 yuan)< On May 2, Wright publicly told several major overseas media that he was the so-called "Nakamoto Tsung", the founder of bitcoin, which aroused heated discussion in the market<
(the price trend of bitcoin in the past year)
Wright, 46, is a computer scientist and an entrepreneur. When he introced himself at the 2015 bitcoin investor conference, he said that he was a scholar, engaged in business research, and had a doctor of law and a master's degree in statistics
according to foreign mainstream media, Wright confirmed his identity as "Nakamoto Tsung" from a technical point of view by using the bitcoin owned by the founder of bitcoin. Wright also said publicly that it was not easy to make a decision to disclose his identity, and the reason for his clarification was his love and concern for his work, which he "hoped to eliminate the false legends and worries surrounding bitcoin"
as the Internet world continues to argue about Wright's real identity, the plot takes a major turn< On May 6, Wright suddenly published an open letter entitled "I'm sorry", saying that he "has no courage" to continue to prove his identity as "Nakamoto Tsung"
"I believed that I could end the years of hiding and hiding. However, with the events of the past week fermenting, I was going to publish the evidence that I had the initial block, but I couldn't stand it. I don't have the courage. I can't do it. " Wright said<
Wright once said in his public identity that he did not want money, nor did he want to be famous, nor did he want to be worshipped, but only wanted to be alone. Li Qiyuan told China Business Daily that if he really wanted to live his own life, why did he suddenly choose to expose his identity
obviously, the emergence of Wright has not completely ended the mystery of "Nakamoto" and investors are more concerned about the impact of "Nakamoto" on the price of bitcoin
Gong Ming, the founder of blockchain pencil, told the first financial daily that the identity of "Zhongben cong" will not have a substantial impact on the market, but is more symbolic. Unless "Nakamoto Tsung" sells a lot of bitcoin, it will not have an impact on the price of bitcoin. "From 2009 to now," Nakamoto Tsung "is not a person who has a strong desire for money and will not buy or sell bitcoin because of the high or low value of the currency."< Recently, Zug, a small Swiss town, announced that from July 1 this year, buyers will be allowed to pay for its public services with bitcoin as the payment method. Although there are still great limitations in the scope and amount of this payment method, the small progress is enough to cheer bitcoin's staunch admirers
from the beginning, virtual goods can only be purchased on the Internet, to now, bitcoin can be converted into multi-national currencies, and there are many twists and turns along the way
in February 2014, Mt. GOx, the world's largest bitcoin trading platform at that time, said that bitcoin was stolen e to large-scale hacker attacks, with a total loss of $470 million, and the platform declared bankruptcy. Affected by this, the price of bitcoin plummeted from more than $600 to $102 in just a few seconds, a drop of 83%
in January 2015, bitstamp, one of the most reliable bitcoin trading platforms in the world, was attacked by hackers, resulting in the theft of at least US $5 million of bitcoin, causing panic among some cryptocurrency holders. The openness and security of bitcoin cause instry concern. When the negative news came out, bitcoin was finally recognized by the regulatory authorities
in September 2015, the US Commodity Futures Trading Commission (CFTC) confirmed for the first time that bitcoin and other virtual currencies are defined as commodities, which means that bitcoin is classified as commodities like gold and oil, and trading behavior will comply with all commodity derivatives market rules; In October of the same year, the European Court of justice formally ruled that bitcoin and other virtual currencies in Europe should be exempt from VAT just like traditional currencies. Because according to the relevant provisions of the EU, "currencies, bank bills and coins used as legal tender" do not need to pay VAT. Bitcoin has taken a solid step towards legalization
nevertheless, the market is still worried about whether bitcoin, which reached a historical peak of more than 8000 yuan in 2013, can return to its former glory
at present, the price of bitcoin is hovering around 2900 yuan, which is much more stable than the previous ups and downs, and the trading volume of bitcoin has also dropped significantly
"I don't think bitcoin has changed from hot to cold. Compared with the sharp rise and overheating in 2013, I think it is now the normal price of bitcoin. In 2013, bitcoin rose from tens of dollars in January to thousands of dollars in less than a year, overdrawing the later increase, so it has been falling back after 2013." Gong Ming told the first financial daily
how much is bitcoin worth? It is estimated that bitcoin players, exchanges, mining machine manufacturers and even bitcoin creators can not give an accurate answer
although the value of bitcoin cannot be determined, one thing is certain that the number of bitcoins is certain. Because the "issuance" of bitcoin depends on complex calculation, it is essentially different from the "printing" mode of traditional currency issuance. The total amount of bitcoin graally increases according to the design predetermined rate, and the increase rate graally slows down, and finally reaches the limit of 21 million in 2140. The instry estimates that the total amount has reached 15.5 million
Li Qiyuan believes that the limited number of bitcoin is in sharp contrast to the inflation and the decline in the purchasing power of fiat money caused by the massive printing of money by central banks“ The goal of bitcoin is not to replace the existing currency, but to become a universal digital asset in the world and provide convenience for people's lives. "
it is generally expected that with the departure of short-term speculators, the continuous development of bitcoin related applications and the improvement of infrastructure, the digital currency represented by bitcoin will be in a benign development stage
in addition to bitcoin, there are also outstanding digital currencies such as lightcoin, Ethereum, dogcoin and Ruitai coin.
Bitcoin is just a game. If it is promoted as a tool to get rich, it can be regarded as a fraud. Just like the currency in other online games, the only difference is that bitcoin has been standardized since the game was first formulated. It can't be issued indiscriminately, so it can keep its value better than other virtual game props. It is equivalent to the online collection. Bitcoin is a prop in the game, and its value is reflected in the recognition of bitcoin by players: more people play, the value of props in the game is higher; The risk is that he is not the only game, and his algorithm is not the only one. Maybe someone will be able to make other special coins soon. All you need to do is promote the game and sell your props. As for money, bitcoin does not have the basic attributes of money, such as unfair initial distribution and insecure circulation. Money needs to be maintained by the state machine
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked
4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30
< H2 > reference materials: network bitcoin
Compared with bitcoin, its competitor, liteoin block chain can handle more transactions. Due to the more frequent generation of data blocks, the network can support more transactions without modifying the software in the future. Therefore, businesses can get faster transaction confirmation, and they can still wait for more transaction confirmation when they sell large amount of goods< In fact, digital virtual currency is far from the above. Forbes magazine listed the top 30 virtual currencies in the market by their total market value and price as of 10:00 a.m. local time on the 27th. Caijing.com and venture capital Post said that there are at least 60 kinds of virtual currencies currently traded According to the Forbes report, bitcoin ranked first in market value and unit price. It was the lightcoin designed by Li Qiwei, a former Google programmer, that won "erlianya". In the past week up to the 27th, the price of lightcoin rose rapidly from $6 to $26, a considerable increase. The third to fifth place in the total market value are spot money, nominal money and prime money. The report counted the 24-hour gains as of the 27th. Almost all of the 30 currencies rose, with the biggest increase of the quark currency, reaching 278.55%. The report also said that almost all virtual currencies have taken a ride in the current round of bitcoin's rise, but most of them have poor business, with 8 companies with a total market value of less than $1 million and 19 companies with a unit price of less than $1
it is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currencies, such as bitcoin, lightcoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography.