Litecoin news today π₯ Litecoin analysis π₯ Litecoin price prediction π₯ 17 DEC 2022 π₯ Crypto News Today π₯ Binance bot LTC.
π₯ Binance bot π₯ Bybit bot π₯ Trading bot
β‘ DONATIONS ----------------------------------------------------------
Bitcoin (BTC): 1FgvskEbTnhfrNhpbM9fQKL6LVAY2i48LE
Bitcoin Cash (BCH): 176STZc6mu6X1csRuRCiyMr1AvKorMyDuo
Dogecoin (DOGE): D7WdqTRHSK4cBNYjU1bgS4nBsAEZcgZZhQ
Litecoin (LTC) : LNmdiWSYaaraA2vFWM4HnCPbbYvV18Evyu
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β‘ What litecoin--------------------------------------------------------
Litecoin (LTC) An Open Source Peer-To-Peer Digital Currency.
Litecoin (LTC) is a peer-to-peer cryptocurrency powered by the Scrypt Proof-of-Work algorithm. The project aims to provide an alternative to Bitcoin by making modifications to the original Bitcoin Protocol.
A Proof-of-Work algorithm creates a computational challenge to be solved by the network of computers in order to verify a block of transactions. The Scrypt algorithm was developed in 2009 by Colin Percival (Tarsnap Inc.). In contrast with Bitcoinβs SHA-256d, it serves to inhibit hardware scalability by requiring a significant amount of memory when performing its calculations.
This change aimed to reduce the efficiency gain and economic incentive to develop custom hardware such as Application Specific Integrated Circuits (βASICβ). While this initially prevented ASIC mining, new machines have been more performant than GPU mining, leading to most of LTC mining activities being conducted by ASIC machines (e.g., Antminer L3+).
Litecoin has an average block time of 2.5 minutes, and a total supply of 84 million. The short block time inevitably leads to an increase in orphaned blocks.
Besides total supply and block time, other Bitcoin parameters have remained largely unchanged. For instance, the number of blocks between difficulty changes1 and the target number of years between block reward halving on Litecoin (4 years) remains the same as those on the Bitcoin protocol.
Unlike public blockchain infrastructures supporting the development of decentralized applications, such as Ethereum, Litecoin is primarily used only as a currency and does not support smart contracts.
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β‘ Our videos ARE NOT financial advice-----------------
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
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Litecoin price prediction π₯ Litecoin news today π₯ Litecoin analysis π₯ 17 DEC 2022 π₯ Binance bot LTC [-dmEv8LhOQe]
Litecoin news today π₯ Litecoin analysis π₯ Litecoin price prediction π₯ 17 DEC 2022 π₯ Crypto News Today π₯ Binance bot LTC.
π₯ Binance bot π₯ Bybit bot π₯ Trading bot
β‘ DONATIONS ----------------------------------------------------------
Bitcoin (BTC): 1FgvskEbTnhfrNhpbM9fQKL6LVAY2i48LE
Bitcoin Cash (BCH): 176STZc6mu6X1csRuRCiyMr1AvKorMyDuo
Dogecoin (DOGE): D7WdqTRHSK4cBNYjU1bgS4nBsAEZcgZZhQ
Litecoin (LTC) : LNmdiWSYaaraA2vFWM4HnCPbbYvV18Evyu
----------------------------------------------------------------------------------
β‘ What litecoin--------------------------------------------------------
Litecoin (LTC) An Open Source Peer-To-Peer Digital Currency.
Litecoin (LTC) is a peer-to-peer cryptocurrency powered by the Scrypt Proof-of-Work algorithm. The project aims to provide an alternative to Bitcoin by making modifications to the original Bitcoin Protocol.
A Proof-of-Work algorithm creates a computational challenge to be solved by the network of computers in order to verify a block of transactions. The Scrypt algorithm was developed in 2009 by Colin Percival (Tarsnap Inc.). In contrast with Bitcoinβs SHA-256d, it serves to inhibit hardware scalability by requiring a significant amount of memory when performing its calculations.
This change aimed to reduce the efficiency gain and economic incentive to develop custom hardware such as Application Specific Integrated Circuits (βASICβ). While this initially prevented ASIC mining, new machines have been more performant than GPU mining, leading to most of LTC mining activities being conducted by ASIC machines (e.g., Antminer L3+).
Litecoin has an average block time of 2.5 minutes, and a total supply of 84 million. The short block time inevitably leads to an increase in orphaned blocks.
Besides total supply and block time, other Bitcoin parameters have remained largely unchanged. For instance, the number of blocks between difficulty changes1 and the target number of years between block reward halving on Litecoin (4 years) remains the same as those on the Bitcoin protocol.
Unlike public blockchain infrastructures supporting the development of decentralized applications, such as Ethereum, Litecoin is primarily used only as a currency and does not support smart contracts.
β‘ TOPICS ----------------------------------------------------------------
Litecoin price prediction
Litecoin price
Litecoin news today
litecoin games
unlimited claim time litecoin
Ω
ΩΩΨΉ free litecoin
how to best litecoin trading
what litecoin
how to mine litecoin on pc in pakistan
ltc price prediction
ltc news today
ltc prediction
cryptohopper
crypto trading bot
trading bot cryptohopper
coinrule profit
pionex trading bot
pionex review
pionex tutorial
infinity grid bot pionex
pionex trading bot grid
3commas tutorial
3commas review
3commas bot
3commas trading bot
β‘ Our videos ARE NOT financial advice-----------------
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
This video relates to the following:
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