Bitcointalkorg litecoin
For proof of workBitcoin uses the highly parallelizable SHA hash function, hence Bitcoin mining is an embarrassingly parallel task.
Litecoin uses scrypt instead of SHA for proof of work. The scrypt hash function uses SHA as a subroutine, but also depends on fast access to large amounts of memory rather than depending just on fast bitcointalkorg litecoin operations, so it is more difficult to run many instances of scrypt in parallel by using the ALUs of a modern graphics card.
See Litecoin mining hardware comparison and Bitcoin mining hardware comparison. These scrypt parameter still reduce the advantage of ASIC by a fold estimate, according to Colin Percival, the creator of scrypt [1] [2]. The difficulty of Litecoin adjusts so that a block is generated every 2. Myth - Bitcointalkorg litecoin of sale with bitcoins isn't possible because of the 10 minute wait bitcointalkorg litecoin confirmation.
The retarget block is in both Bitcoin and Litecoin, but because Litecoin blocks are found 4 times faster, the difficulty will retarget about every 3. The total number of litecoins that will come into existence is 4 times the total number of bitcoins that will come into existence, 84 million compared to bitcointalkorg litecoin million.
The initial reward for each Litecoin block is 50 litecoins. The rate of litecoins generation is halved everyblocks, i. Since the total money supply of Litecoin is 4 times greater than the total money bitcointalkorg litecoin of Bitcoin, it implies that if 1 litecoin becomes worth more than 0. One possible way to view Litecoin is as silver to Bitcoin's gold, in the sense that it is a relatively less valuable cryptocurrency that is easier to obtain and transact with.
The properties that make Litecoin fit to accomplish this bitcointalkorg litecoin can be summarized as follows:. Retrieved from " https: Navigation menu Personal tools Log in Request account. Views Read View source View history.
This page was last edited on 12 Februaryat Content is available under Creative Commons Attribution unless otherwise noted. Bitcointalkorg litecoin policy About Litecoin Wiki Disclaimers.
NYC is the only other true cryptocurrency besides Bitcoin that has an unknown developer that disappeared at launch, whose identity remains unknown to date and has never been heard from since launching coin. The original github account for NewYorkCoin has never been modified since creation.
The original 'nycoin' code is open-source and viewable to the public at github code repository. NewYorkCoin NYC is a completely fair launch coin with no pre-mine bitcointalkorg litecoin holdbacks, easy low difficulty mining and no network fees to send and receive lightning-fast instant transactions with second confirmations.
Original developer has never communicated with anyone to my knowledge since NewYorkCoin was launched with minimum fanfare. Original developer posted 1 tweet twitter. NYC was launched at a time when New York regulators bitcointalkorg litecoin going hard after bitcoin startups and prosecuting the founder of Bit-Instant. Early miners noticed these amazing specs as well and a worldwide group of NYC supporters have loyally kept the newyorkc network confirming transactions steadily for almost 4 years now.
I created the website 'newyorkco. A worldwide group of dedicated miners have bitcointalkorg litecoin NYC's torch lit and the network processing NYC transactions every seconds without fail since A tiny cryptocurrency exchange Coingather listed NYC in and mined it as well. That exchange has since disappeared from existence with many NYC vanishing with them. All of the original mining pools that supported NYC have since disappeared. Files get deleted, computers get replaced, hard drives fail, passwords are forgotten, backup bitcointalkorg litecoin get lost or written over.
Especially when a coin has a very large blockchain, requiring lots of storage space and absolutely no liquidity or value for YEARS. Or even a website from mid thru mid This has been the story of NYC for the past couple of years. NYC miners and supporters quickly answered the call. NYC quickly had 8 network nodes, 3 mining pools and multiple block explorers synced. Coinmarketcap listing, Github open-source code, block explorer, core wallets, proven blockchain and an unknown developer.
Named after the one and only NYC. NYC is simply more usable than Bitcoin. NYC is much cheaper to use than Bitcoin. NYC is anonymous, decentralized and has a bitcointalkorg litecoin blockchain - churning out transactions every 30 seconds since with minimum support.
Never seeming to be able to gain any footing. Just up and down. This appears to have been accomplished by creating "sell walls" using sub-markets.
And hope investors will get frustrated enough to walk away and forget one of the most bitcointalkorg litecoin and disruptive cryptocurrencies bitcointalkorg litecoin existence. Taking a short breather and getting ready for the next leg up. There are no fees to bitcointalkorg litecoin or receive funds worldwide using the NYC network. NewYorkCoin is usable at the retail level worldwide.
NYC is ideal for time-sensitive daily consumer transactions. New York Coin code is completely open-source bitcointalkorg litecoin published at Github code repository since launching March 6th, Fair launch, no pre-mine, true cryptocurrency with block bitcointalkorg litecoin.
Toggle navigation New York Coin. That in itself will introduce NewYorkCoin for the very first time to hundreds of thousands of Tier 1 crypto users, investors and enthusiasts. I think they will really like what they see. But it will be well bitcointalkorg litecoin the cost. For NYC awareness, usage and proliferation as well as cryptocurrency awareness and education in general.
Don't forget, NYC is a usable cryptocurrency. Pool bitcointalkorg litecoin Pool 2 Pool 3 Pool 4.
Litecoin was released via an open-source client on GitHub on October 7, by Bitcointalkorg litecoin Lee, a former Google employee. In MayLitecoin became the first of the top 5 by market cap cryptocurrencies to adopt Segregated Witness.
In Februarythe EU online retailer Alza. From Wikipedia, the free encyclopedia. Litecoin Official Litecoin logo. Archived from the original on Retrieved 24 April Litecoin surpasses billion dollar market capitalization". Retrieved 12 May A guide to some other cryptocurrencies". A decentralized ledger of shared computational resources" PDF. These hash functions can be tuned to require rapid access bitcointalkorg litecoin very large memory space, making them particularly hard to optimize to specialized massively parallel hardware.
Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system. Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic bitcointalkorg litecoin Initial coin offering Airdrop Virtual currency.
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