I believe many people know Bitcoin, one cryptocurrency. It has been very hot in the market recently. Last year, Bitcoin was hot, and many people became rich. After that, cryptocurrency received widespread attention. The Litecoin is developed by Bitcoin’s revelation, they have the same principle. They adopt the same principle in technology. Unlike Bitcoin, which is a virtual currency, it is a decoding of a unique program, while Litecoin LTC is a kind of Peer-to-peer online currency, which is mainly used to help customers pay in time to anyone in the world. He is also an open source software project under the MIT/X11 license.
The production of Litecoin requires ‘miner mining’, which is hashed by computer graphics card. If the value of ‘burst’ is calculated, the system will reward 50 Litecoins at a time, but for now, Litecoin The computing power has grown very fast, and it has reached the point where it is difficult to dig into the mine. Generally speaking, the miners have been unable to dig the mine through several computers, so they need to join the mine pool. The pool collects all the calculation power. ‘The probability will be slightly larger.
At present, there are many well-known mining pools, among which the fish pond (F2POOL) is most supported by the majority of miners, because he recently launched the Wright currency theory income + mine subsidy 10% = your actual income.
Many people may ask how this cryptocurrency is traded. For now, Litecoin can be used to exchange Bitcoin. To know that the market price of Bitcoin is very high, many people now choose online trading platforms. But Bitcoin transactions are irreversible, which means you will be exposed to a refund risk, such as a credit card transaction. As of now, a Litecoin is worth about $3.97 or 0.028 Bitcoin. This makes Litecoin market cap up to approximately $35,000,000.
Since Litecoin is a peer-to-peer network similar to Bitcoin, the distribution rate of Litecoin is in a proportional series, halving every four years (every 840,000 blocks), eventually reaching a total of 84 million LTCs. But the Litecoin is more expensive than the sha256 used by Bitcoin. Because of the memory-intensive nature of Scrypt, Litecoin is more suitable for ‘mining’ with a GPU. FPGA and ASICimplemented for Scrypt.
There are so many types of digital virtual currency. French Finance Network and Venture Capital Post said that there are currently at least 60 virtual currencies traded. According to the report of Forbes, Bitcoin currency ranks first in the market value and unit price. The ‘Lianliana’ is a Litecoin designed by former Google programmer Charlie Lee.
Litecoin Info
Litecoin price today is $57.61, decreasing 2.66%.