Litecoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as ‘script’. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a ‘memory hard problem‘.

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For miners and enthusiasts though, litecoin holds a much more important difference to bitcoin, and that is its different proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ASIC technology, and has caused an exponential increase in bitcoin’s difficulty level.
Hello, Traders! Monfex is at your service and today we overview LTC/USD. What do you expect from Litecoin ? LTC dropped well, formed a triangle and can be pulled closer to the nearest resistance, it is the ex-support zone near $ 62 and 50% Fibonacci level near $ 65.3 . But! You need to act only by some breakout of the resistance with crossover MA50 of the...

The registry contains two basic elements: keys and values. Registry keys are container objects similar to folders. Registry values are non-container objects similar to files. Keys may contain values and subkeys. Keys are referenced with a syntax similar to Windows' path names, using backslashes to indicate levels of hierarchy. Keys must have a case insensitive name without backslashes.

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I threw in some fractals to guess what is going on with LTC. I used a fractal from when the trend reversed at the bottom this year and one for the 2018 ATH. Personally, I believe that fractals are highly subjective. They only reinforce the analysts confirmation bias. There is no set rules or back testing for fractals. So these fractals are here to see how much...

Puis-je utiliser Ledger Nano S avec l'iPhone

Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin. The key difference for end-users being the 2.5 minute time to generate a block, as opposed to bitcoin’s 10 minutes. Charles Lee now works for Coinbase, one of the most popular online bitcoin wallets. 

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