RECENT POSTS

Do you have GDPR compliance issues ?

Check out Legiscope a GDPR compliance software, that will save you weeks of work, automating your documentation, the training of your teams and all processes you need to keep your organisation compliant with privacy regulations

Litecoin

Jul 20, 2023

##

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations 2.5 minutes on average and uses memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency is widely used.

Checkout these related ports: