CoinUnited.io not only provides a variety of information on various cryptocurrencies and their market price in real-time, but it also provides clear instructions for new users.
CoinUnited.io not only provides a variety of information on various cryptocurrencies and their market price in real-time, but it also provides clear instructions for new users.
CoinUnited.io not only provides a variety of information on various cryptocurrencies and their market price in real-time, but it also provides clear instructions for new users.
CoinUnited.io not only provides a variety of information on various cryptocurrencies and their market price in real-time, but it also provides clear instructions for new users.
Litecoin (LTC) is a cryptocurrency that was founded by a former Google engineer in October 2011. Litecoin was based on the open-source code of Bitcoin, but with a few tweaks. Litecoin, like Bitcoin, is built on an open-source global payment network that is independent of any central authority.
Litecoin varies from Bitcoin in several ways, including its higher block creation rate and its usage of the Scrypt proof-of-work algorithm. Litecoin's block time is under 2.5 minutes, and transaction fees are incredibly low, making it ideal for microtransactions and point-of-sale payments.
The proof-of-work (PoW) algorithm is used by Bitcoin, Litecoin, and many other cryptocurrencies to secure their networks. Unlike Bitcoin, which employs the SHA-256 PoW hashing method, Litecoin utilizes the Scrypt PoW technique, which is less resource-intensive.
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