lotus flower jewelry wholesale What is the three differences between the Litecoin Bitcoin and Litecoin

bijoux terner jewelry wholesale On October 7, 2011, a network organization announced a new P2P virtual currency named Litecoin (LTC).

Telartcoin referred to as LTC, English name is Litecoin, Wangwen is righteous, Lite means lightweight, Litecoin's meaning behind it is lightweight currency.
1. Bitcoin generates a block every 10 minutes, and LTC LTC produces a block every 2.5 minutes. This means that the Wright coin has a faster transaction confirmation efficiency. Bitcoin transfer sometimes takes 1 hour or more time to get the account, but Litecoin generally only takes 20 minutes to confirm.

2. Since the speed of Litecoin LTC is 4 times the Bitcoin, and the reward of each block is the same as Bitcoin, so the total currency is also 4 times the Bitcoin, 84 million Litecoin , Higher than Bitcoin output.

3, Bitcoin adopts SHA256 encryption algorithm, Litecoin uses the Script encryption algorithm. Compared with, the calculation amount of Litecoin LTC is slightly lower than Bitcoin. R n (GPU) is performed. At the same time, FPGA (on -site editing logic door array) and ASIC (dedicated integrated circuit) implemented for SCRYPT are more expensive than SHA256 used by Bitcoin.