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Also even if you have a compatible GPU this will still hog all of your CPU For those wondering, yes so far the pool pays. It can be used to mine other crypto-currencies as well by changing the settingsRead more
by many involved in bitcoin, as most merchants would allow zero-confirmation transactions for most purchases. Charles Lee now works for Coinbase, one of the most popular online bitcoin wallets. At-a-glance differences bitcoin litecoin, coin limit 21 Million 84 Million, algorithm, sHA-256, scrypt, mean block time 10 minutes.5 minutes. The code is open source, which means it can be modified by anyone and freely used for other projects.
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Litecoin, however, uses the scrypt algorithm originally named as s-crypt, but pronounced as script. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success. Back to the question merit: Performing a double-spending attack is very costly after the transaction has been propagated through the network. Litecoin was created in October 2011 by former Google engineer Charles Lee. Bitcoin Statistics, litecoin Statistics, mining differences Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Last updated 2nd April 2014.