LTC Litecoin

Office website:	http://litecoin.org/
Client Wallet	https://github.com/downloads/litecoin-project/litecoin/litecoin-0.6.3c-win32.zip
Official forum:	http://forum.litecoin.net
Litecoin Exchange:	https://vircurex.com https://btc-e.com/  http://bter.com/
Blockchain Explorer:	http://explorer.litecoin.net/
LTC historical trading chart:	http://www.cryptocoincharts.info/btc-e
Mining income calculating:	http://dustcoin.com/mining
Mining POOL：	http://mine.pool-x.eu http://litecoinpool.org http://coinotron.com http://lc.ozco.in http://ltc.xurious.com  http://www.litebonk.com/
LiteCoin total output	http://explorer.litecoin.net
Litecoin Network Difficulty	http://litecoinscout.com/static/
Litecoin mining calculator	https://www.litecoinpool.org/calc

Brief Introduction:

litecoin (LTC) released on October 7, 2011, is currently the highest market value of the cottage currency. And compared btc, ltc faster, on average 2.5 minutes a piece, 15 minutes to complete six times to confirm. Also the number of btc ltc also four times the total number of pieces for the 8400w. Currently ltc using scrypt algorithm requires a lot of memory support. The market can not be used ltc professional mining machine mining, only with graphics.

LiteCoin is a simple variant of Bitcoin - with their own words: If  Bitcoin is the currency of the world's gold, Then Litecoin is the silver. It's algorithm simple modification of  Bitcoin makes mining faster speed to four times as much, per transaction verification time corresponding decline of the former 1/4. At the same time, with different algorithms rely bitcoin high-performance graphics, LiteCoin more dependent on CPU and memory, thereby reducing the hardware barriers to entry. It can be said: LietCoin was "poor" Bitcoin, and bitcoin same strain.

A simple comparison between Litecoin and Bitcoin

	BTC	LTC
Total	210 million	840 million
Block time	10min	2.5min
Mining algorithm	SHA256	scrypt

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The LiteCoin is also a distributed ( decentralized ) digital currency . Unlike bitcoin mining algorithm using SHA256 , LTC using scrypt algorithm. The unique algorithm is also critical to stand out from the cottage coins in , scrypt SHA256 algorithm uses as its subroutines, and scrypt itself requires a lot of memory, each hash used as seed input , and then require a lot of memory storage with another seed pseudo-random sequence , the common point to generate the pseudo-random sequence and the output of the hash value. In the BTC (Bitcoin) mining rely purely graphics mining has diminished ( use graphics dug a general configuration BTC takes about a dozen to several days ) , all kinds of expensive mining machine appears to improve the common man by digging mine get BTC threshold, while LTC has certain advantages in the use of PC graphics mining . ( This paragraph comes to know almost. )

Litecoin contrast BTC technically do a little improvement, if BTC is now gold, silver that LTC temporarily .

Litecoin biggest advantage is faster to confirm the authenticity of the virtual currency designed and maintained by Charles Lee. Bitcoin transactions require verification , validation average time of 10 minutes or more, most trading site verification requires one hour . Litecoin trade confirmations averaged 2.5 minutes , the developer claimed that shorten the verification increases the usefulness of virtual currency. Bitcoin mining machines and AMD GPU efficiency customize the highest CPU usage mining miners make almost unprofitable. Litecoin mining excluded GPU and custom processors, so not too dependent on a small number of professional miners.

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