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Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
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Many programming languages offer built-in runtime library functions or classes that wrap the underlying Windows APIs and thereby enable programs to store settings in the registry (e.g. Microsoft.Win32.Registry in VB.NET and C#, or TRegistry in Delphi and Free Pascal). COM-enabled applications like Visual Basic 6 can use the WSH WScript.Shell object. Another way is to use the Windows Resource Kit Tool, Reg.exe by executing it from code, although this is considered poor programming practice.
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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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When the account has been activated, a password will be assigned to you. You are advised to change this password when you first use the service and periodically on an ongoing basis. You must ensure that your password is not disclosed to another person or party and you are responsible for ensuring that access through your account or your firm's account is conducted only by your authorised personnel.
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Prior to the introduction of registration-free COM, developers were encouraged to add initialization code to in-process and out-of-process binaries to perform the registry configuration required for that object to work. For in-process binaries such as .DLL and .OCX files, the modules typically exported a function called DllInstall() that could be called by installation programs or invoked manually with utilities like Regsvr32.exe; out-of-process binaries typically support the commandline arguments /Regserver and /Unregserver that created or deleted the required registry settings. COM applications that break because of DLL Hell issues can commonly be repaired with RegSvr32.exe or the /RegServer switch without having to re-invoke installation programs.