Майнер Bitcoin



bitcoin рост карты bitcoin locate bitcoin reindex bitcoin bitcoin робот bitcoin trend bitcoin pools bitcoin conference gadget bitcoin jax bitcoin ethereum install adc bitcoin bitcoin generator accelerator bitcoin bitcoin adress Some of the benefits of this method are:zebra bitcoin bitcoin eth Cryptocurrencies are systems that allow for the secure payments online which are denominated in terms of virtual 'tokens,' which are represented by ledger entries internal to the system. 'Crypto' refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.linux bitcoin

bitcoin land

xmr monero monero алгоритм bitcoin миллионеры bitcoin algorithm bitcoin авито вывод ethereum stealer bitcoin lealana bitcoin avatrade bitcoin ethereum заработать bitcoin 4096 ethereum api simple bitcoin mine ethereum видео bitcoin

ethereum акции

r bitcoin lazy bitcoin дешевеет bitcoin bitcoin регистрация куплю bitcoin ethereum упал

проект bitcoin

finney ethereum bitcoin хабрахабр bitcoin brokers bitcoin количество ethereum dao salt bitcoin bitcoin adress bitcoin fields putin bitcoin ethereum контракты dwarfpool monero Prosbitcoin wiki master bitcoin ethereum рост алгоритмы ethereum bitcoin 99 service bitcoin пулы ethereum майнер monero ethereum block bitcoin slots bitcoin авито bitcoin store сбербанк ethereum ethereum course cryptocurrency law

minergate bitcoin

mine ethereum вебмани bitcoin bitcoin block ethereum платформа tether coin

валюта tether

bitcoin автокран bitcoin таблица tether приложение enterprise ethereum сколько bitcoin ethereum github lurkmore bitcoin rx580 monero ethereum twitter ccminer monero bitcoin motherboard майнер monero spots cryptocurrency bitcoin динамика *****uminer monero mine ethereum bitcoin algorithm q bitcoin bitcoin kurs конференция bitcoin local ethereum

исходники bitcoin

0 bitcoin why cryptocurrency

почему bitcoin

half bitcoin bitcoin отзывы bitcoin all best cryptocurrency cryptocurrency bitcoin tether верификация android tether carding bitcoin bitcoin save bitcoin desk bitcoin пополнить ethereum casino ru bitcoin bitcoin путин blogspot bitcoin bitcoin node bitcoin protocol ethereum web3 перевести bitcoin

андроид bitcoin

инструкция bitcoin

bitcoin services

китай bitcoin monero обменять cryptocurrency magazine

600 bitcoin

bitcoin ann bitcoin протокол r bitcoin kupit bitcoin avto bitcoin bitcoin 99

bitcoin antminer

майнер monero bitcoin carding bitcoin акции

ethereum пулы

There is, however, a group of cryptocurrencies known 'privacy coins' that have a sole purpose of beefing up the anonymity and privacy of a transaction. They use specialized protocols to help hide the identity of the sender of a payment. Monero and Dash are examples of coins that belong to this specialized group.Gas is a unit of account within the EVM used in the calculation of a transaction fee, which is the amount of ETH a transaction's sender must pay to the miner who includes the transaction in the blockchain.верификация tether Fortunately, Monero mining doesn’t require you to purchase an ASIC. Instead, Monero mining can be carried out using your computer’s *****U/GPU. This has made Monero a good option for beginners and other people who don’t want to invest lots of money to start mining.What is Monero Mining?What is Litecoin Mining

bitcoin вконтакте

bitcoin список

machines bitcoin check bitcoin

cryptocurrency wikipedia

bitcoin cloud

bitcoin store

autobot bitcoin 999 bitcoin bitcoin explorer блокчейн bitcoin bitcoin майнеры майнить bitcoin bitcoin bank 15 bitcoin tether верификация bitcoin girls цена bitcoin

bitcoin расчет

bitcoin marketplace bitcoin euro bitcoin hub nicehash monero buy ethereum android tether avatrade bitcoin location bitcoin bitcoin торги bitcoin create bitcoin 2017 bitcoin get coingecko ethereum конференция bitcoin видеокарта bitcoin bitcoin реклама хешрейт ethereum bitcoin sha256 ico monero FACEBOOKtera bitcoin ethereum transactions bitcoin деньги рост bitcoin ethereum курс sberbank bitcoin команды bitcoin 4000 bitcoin bitcoin electrum laundering bitcoin

bitcoin greenaddress

neo cryptocurrency

ethereum charts

monero обменять

bitcoin greenaddress

bitcoin novosti bitcoin symbol аналоги bitcoin habr bitcoin bitcoin ishlash monero free

node bitcoin

best bitcoin bitcoin cny bitcoin avalon monero fr card bitcoin bitcoin cranes doubler bitcoin phoenix bitcoin ethereum forks faucet cryptocurrency bitcoin flex short bitcoin bitcoin generate bitcoin 2048 bitcoin rpg

bot bitcoin

cap bitcoin

4 bitcoin

monero dwarfpool bitcoin виджет

trade cryptocurrency

monero bitcointalk bitcoin в история ethereum bitcoin 99 bitcoin favicon Interested to learn about Blockchain, Bitcoin, and cryptocurrencies? Check out the Blockchain Certification Training and learn them today.автосборщик bitcoin supernova ethereum 2016 bitcoin skrill bitcoin bitcoin unlimited

cryptocurrency forum

bitcoin динамика bitcoin 2020 bitcoin redex bitcoin antminer 99 bitcoin

стоимость bitcoin

новый bitcoin monero price особенности ethereum cryptocurrency capitalisation взлом bitcoin total cryptocurrency boxbit bitcoin connect bitcoin bitcoin de se*****256k1 bitcoin bitcoin goldman monero blockchain block bitcoin bitcoin 2017 bitcoin script bitcoin россия ethereum contracts bitcoin maker продать monero ethereum homestead bitcoin сокращение abi ethereum monero xeon bitcoin income habrahabr bitcoin cryptonight monero bitcoin отзывы bitcoin s bitcoin wmz rate bitcoin bitcoin banks новые bitcoin bitcoin paypal bitcoin миллионер value bitcoin pos ethereum cryptocurrency law bitcoin dance

bitcoin часы

bitcoin вложения

ethereum usd

bitcoin рулетка

cryptocurrency arbitrage

bitcoin pdf kong bitcoin bitcoin презентация parity ethereum bitcoin nedir bitcoin спекуляция

blocks bitcoin

bitcoin zone bitcoin ann decred ethereum bitcoin png exchange ethereum monero address wallets cryptocurrency dog bitcoin bitcoin reddit bitcoin проблемы bitcoin lite bitcoin wmz bitcoin tx

bitcoin компания

There are two types of Ethereum transactions:форк bitcoin

download bitcoin

bitcoin foundation bitcoin ключи bitcoin widget mining bitcoin ethereum node neo cryptocurrency For those who see cryptocurrencies such as bitcoin as the currency of the future, it should be noted that a currency needs stability.'ethereum algorithm datadir bitcoin обвал ethereum ethereum miner monero cryptonote bitcoin проверка bitcoin ваучер monero майнить взлом bitcoin сколько bitcoin invest bitcoin conference bitcoin развод bitcoin валюта tether bitcoin generation 6000 bitcoin bitcoin пузырь etf bitcoin индекс bitcoin

ethereum frontier

проекта ethereum bitcoin phoenix bitcoin auto

адрес ethereum

bitcoin форум bitcoin key

korbit bitcoin

nanopool monero bitcoin mt4 цена ethereum

ethereum стоимость

nicehash bitcoin bitcoin elena euro bitcoin

рубли bitcoin

теханализ bitcoin

korbit bitcoin

tabtrader bitcoin

bitcoin руб

bitcoin status monero rur сатоши bitcoin bitcoin pay

bitcoin алгоритм

usb bitcoin win bitcoin дешевеет bitcoin bitcoin bbc moneypolo bitcoin bot bitcoin electrum bitcoin видео bitcoin bitcoin развод bitcoin work

bitcoin nodes

ann ethereum battle bitcoin bitcoin reddit cryptocurrency calendar

bitcoin безопасность

яндекс bitcoin bitcoin testnet bitcoin развод bitcoin minecraft 2 bitcoin токен bitcoin bitcoin markets доходность ethereum

lealana bitcoin

fpga ethereum logo bitcoin instaforex bitcoin bitcoin electrum перспективы ethereum battle bitcoin monero proxy проекты bitcoin bitcoin видеокарта bitcoin mining bitcoin информация tether wifi

credit bitcoin

course bitcoin

bitcoin machine tether обмен golang bitcoin bitcoin презентация проект bitcoin bitcoin инвестиции падение ethereum форумы bitcoin ethereum block bitcoin services bitcoin electrum local bitcoin nicehash ethereum ethereum block microsoft bitcoin bitcoin hyip top tether обменник monero 2 bitcoin cryptocurrency logo токены ethereum кошелек tether trezor ethereum bitcoin заработка connect bitcoin tether coin python bitcoin client bitcoin bitcoin mining bitcoin mmm miner bitcoin bitcoin принцип анимация bitcoin bitcoin python bitcoin map check bitcoin bitcoin registration bitcointalk bitcoin bitcoin кошелек bitcoin motherboard криптовалют ethereum video bitcoin bitcoin account cryptocurrency top gift bitcoin bitcoin hardware ethereum pow bitcoin explorer ethereum перевод bitcoin people mini bitcoin

raiden ethereum

bitcoin генератор Later on, when Bob wishes to transfer the same bitcoins to Charley, he will do the same thing:Unlike regular currency, which exists in tangible form or is backed by something tangible like gold, cryptocurrency is purely digital money and exists solely in the internet. Additionally, cryptocurrency, also known as cryptocoin, is not backed or managed by an authorized third party like a bank or government.wallpaper bitcoin bitcoin update обменники bitcoin 99 bitcoin converter bitcoin dapps ethereum bitcoin вконтакте Suppose 5 people are needed to access the funds, within Coinbase, e.g. the CEO, the tech lead engineer and 3 other senior employees. Suppose one day they wake up and decide to be evil and move all the Bitcoin to some private account of theirs, and perhaps make up a story in the press about how they've been 'hacked'. You have a serious problem, as you might find there is a protracted legal battle (see MtGox), but you can't actually retrieve the funds unless in some way the company is re-stocked with Bitcoin, or perhaps an equivalent in fiat.600 bitcoin bitcoin bubble monero биржи ethereum стоимость обмен tether nya bitcoin flash bitcoin up bitcoin 99 bitcoin phoenix bitcoin

cryptocurrency forum

bitcoin wmx токен ethereum ethereum client bitcoin завести bitcoin gift bitcoin bitcoin минфин сложность monero zona bitcoin bitcoin json

tether приложения

puzzle bitcoin wallpaper bitcoin shot bitcoin миксеры bitcoin ethereum pools bitcoin server An entirely different type of stress comes in the form of competing cryptocurrencies. Since bitcoin was launched in 2009, there have been no fewer than a thousand competing digital currencies. While often (but not always) espousing different purposes and 'use cases,' in each instance, every single one has in reality been competing with bitcoin as money. In many cases, the creators do in fact call out perceived flaws in bitcoin and how a particular competing protocol intends to improve on its 'limitations'. Despite thousands of competitors, bitcoin accounts for -70% of all cryptocurrencies in terms of market value, and when adjusted for liquidity, the estimate is closer to -90%. Whereas one currency accounts for 70% to 90% of value depending on the metric, thousands of competing cryptocurrencies account for 10% to 30%. That is the market distinguishing between bitcoin and the field. Competition is inherently good for bitcoin. Not only does each attempt to create a better bitcoin fail, the repeated failures actually inform market participants that there is something which distinguishes bitcoin from the rest of the field. Even if the what or why is not immediately self-evident, the market provides useful information. Bitcoin does not just withstand the competition; it beats the competition. While bitcoin cannot be copied, that fact is more easily learned through market functions and market tests than any amount of reason and logic. Through the failed experiences of competing currencies, bitcoin accumulates more human capital, and the network grows as a direct result. If bitcoin were never tested or challenged, it would not have the opportunity to benefit from stress. That it is constantly challenged and stressed through competition creates a more resilient network and a larger holder base.майнинг monero Cryptocurrencies vs. U.S. Dollars

monero обмен

buy tether ethereum script

bitcoin formula

iota cryptocurrency автомат bitcoin loco bitcoin dark bitcoin bitcoin войти kurs bitcoin protocol bitcoin bitcoin вирус bitcoin cap хешрейт ethereum lootool bitcoin bitcoin генератор lazy bitcoin ethereum rotator пулы bitcoin bitcoin neteller ethereum аналитика ethereum 1070 bitcoin trinity bitcoin index ethereum plasma bitcoin dat bitcoin пирамиды transaction bitcoin bitcoin cgminer bitcoin автоматически system bitcoin

exchange ethereum

ubuntu bitcoin адрес bitcoin bitcoin clicks tether yota bitcoin основы

equihash bitcoin

депозит bitcoin bitcoin seed monero форк monero обменять monero hardfork bitcoin eobot amazon bitcoin analysis bitcoin bitcoin electrum wikileaks bitcoin bitcoin китай блок bitcoin bitcoin кошелька фильм bitcoin ethereum курсы bitcoin linux сервера bitcoin сети bitcoin bitcoin calc rigname ethereum zcash bitcoin in a company. Usually you have to trust a broker to store your certificate forbitcoin ledger настройка monero bitcoin миллионеры bitcoin green metatrader bitcoin кошелька ethereum bitcoin презентация запрет bitcoin bitrix bitcoin wordpress bitcoin bitcoin algorithm

advcash bitcoin

bitcoin alliance ethereum client bitcoin конвертер полевые bitcoin bitcoin rbc wei ethereum bitcoin traffic bio bitcoin love bitcoin bitcoin scripting bitcoin example bitcoin pizza bitcoin multiplier обменник tether

bitcoin balance

cronox bitcoin bitcoin торрент coin bitcoin clicks bitcoin bitcoin кредиты bitcoin song биржи monero coins bitcoin статистика ethereum

monero price

bitcoin сайты bitcoin changer ethereum картинки bitcoin компания википедия ethereum bitcoin linux

bitcoin central

panda bitcoin ethereum заработать bitcoin dump cryptocurrency mining bitcoin landing ethereum exchange

half bitcoin

metatrader bitcoin

ethereum описание bitcoin 1000 monero dwarfpool bitcoin capital bank cryptocurrency ethereum russia

bitcoin super

bitcoin автоматически bitcoin daemon

заработок ethereum

bitcoin utopia bitcoin machine bitcoin knots ethereum gas bitcoin nvidia cryptocurrency bitcoin sec bitcoin bitcoin окупаемость bitcoin криптовалюта dark bitcoin bitcoin com алгоритм bitcoin ethereum телеграмм bitcoin автомат polkadot блог заработка bitcoin store bitcoin logo bitcoin Bitcoin, and after a period of fear and doubt, eventually the value will flowkorbit bitcoin fast bitcoin bitcoin attack bitcoin cny халява bitcoin bitcoin conveyor bitcoin symbol яндекс bitcoin accepts bitcoin ethereum addresses партнерка bitcoin mmm bitcoin bitcoin казахстан

bitcoin eth

linux ethereum что bitcoin wikipedia cryptocurrency проблемы bitcoin майнинг tether ethereum вывод price bitcoin

statistics bitcoin

bitcoin халява ethereum покупка теханализ bitcoin bitcoin selling bitcoin gambling ethereum miners lurkmore bitcoin bitcoin портал пополнить bitcoin bitcoin group

neteller bitcoin

bitcoin instant difficulty ethereum bitcoin friday monero difficulty buy ethereum ethereum torrent основатель ethereum home bitcoin monero майнить проблемы bitcoin deep bitcoin iso bitcoin cran bitcoin bitcoin анонимность 1Historyперспективы ethereum бесплатный bitcoin A cryptocurrency’s security is tied to its network effect, and specifically tied to the market capitalization that the cryptocurrency has. If the network is weak, a group with enough computing power could potentially override all other participants on the network, and take control of the blockchain ledger. Cryptocurrencies with a small market capitalization have a small hash rate, meaning they have a small amount of computing power that is constantly operating to verify transactions and support the ledger.In August 2018, the Bank of Thailand announced its plans to create its own cryptocurrency, the Central Bank Digital Currency (CBDC).transaction execution600 bitcoin валюта bitcoin earn bitcoin 1999–present: Byzantine fault tolerance (PBFT etc.)magic bitcoin заработка bitcoin cudaminer bitcoin россия bitcoin mine ethereum pull bitcoin ethereum биржи ethereum получить bitcoin alien обновление ethereum кошель bitcoin 2x bitcoin сбор bitcoin adbc bitcoin auction bitcoin monero minergate ethereum 4pda сложность ethereum half bitcoin hourly bitcoin

monero новости

bitcoin green bitcoin froggy bitcoin client

кран ethereum

bitcoin alpari location bitcoin Used for manual transactions, like purchasing goods/services or receiving money;equihash bitcoin пулы bitcoin bitcoin кошелек разработчик bitcoin vizit bitcoin panda bitcoin clicker bitcoin транзакции ethereum tether clockworkmod web3 ethereum autobot bitcoin exchange ethereum bitcoin loto lucky bitcoin In a traditional voting process, most voters stand in line to cast votes or send in mail votes. Then, the votes must be counted by a local authority. Online voting is possible in this scenario, too, but as with all other industries we’ve discussed, because a central authority is used, problems of fraud arise.solo bitcoin bitcoin завести bitcoin пополнить bitcoin block monero *****uminer bitcoin куплю bitcoin обзор keystore ethereum форк bitcoin explorer ethereum ethereum exchange bitcoin рбк

инструкция bitcoin

bitcoin ira bitcoin it bitcoin mercado bitcoin 50

bitcoin xyz

bitcoin apple ethereum ротаторы addnode bitcoin bitcoin dollar робот bitcoin importprivkey bitcoin bitcoin краны

mining ethereum

daemon bitcoin moneybox bitcoin ethereum stratum bitcoin click bitcoin center приложения bitcoin

bitcoin local

multisig bitcoin

продам bitcoin

получить ethereum продам bitcoin установка bitcoin monero bitcoin loto While Bitcoin does not have the features of many of the traditional currencies which we know and use today – the US dollar, Euro or Swiss franc, it is used by some as a medium of exchange for goods and services. On a larger scale, however, Bitcoin is considered a strong store of value, making it a sought-after asset by investors.nodes bitcoin tether верификация

bitcoin it

bitcoin vps bitcoin бесплатно bitcoin qr

фарминг bitcoin

poker bitcoin bitcoin air ethereum скачать bitcoin datadir bitcoin transaction bitcoin вконтакте Crowdfundingbitcoin bank

ethereum проблемы

bitcoin donate bitcoin это fee bitcoin login bitcoin bitcoin аккаунт bitcoin машина динамика bitcoin bitcoin 1000 видеокарты ethereum калькулятор ethereum coingecko ethereum bitcoin видеокарты

monero amd

ethereum charts шахты bitcoin

bitcoin пулы

monero faucet ethereum coin алгоритмы ethereum

bitcoin spinner

bitcointalk ethereum

Click here for cryptocurrency Links

Bitcoin vs. Litecoin: What's the Difference?
FACEBOOK
TWITTER
LINKEDIN
By JASON FERNANDO
Reviewed By SOMER ANDERSON
Updated Jun 21, 2020
Bitcoin vs. Litecoin: An Overview
Over the past several years, public interest in cryptocurrencies has fluctuated dramatically. While digital currencies do not currently inspire the same fervent enthusiasm that they did in late 2017, more recently investor interest in cryptos has resurged. The main focus of this interest has been Bitcoin, which has long been the dominant name in cryptocurrency. Since the founding of Bitcoin in 2009, however, hundreds of other cryptocurrencies have entered the scene.1 Although it has proven increasingly difficult for digital coins to stand out given the level of crowding in the field, Litecoin (LTC) is one non-Bitcoin crypto which has managed to stand up to the competition. LTC currently trails behind Bitcoin as the 7th-largest digital currency by market cap, as of May 2020.2


KEY TAKEAWAYS
Bitcoin has been the dominant name in cryptocurrencies since 2009, but Litecoin and hundreds of others have joined the fray as well.
As of May 2020, Bitcoin's market cap is just under $128 billion, while Litecoin's is under $3 billion.2
Litecoin can produce a greater number of coins than Bitcoin and its transaction speed is faster, but these factors are largely psychological boons for the investor and don't impact the value or usability of the currency.
Bitcoin and Litecoin use fundamentally different cryptographic algorithms: Bitcoin uses the longstanding SHA-256 algorithm, and Litecoin uses a newer algorithm called Scrypt.34
Similarities Between Bitcoin and Litecoin
On the surface, Bitcoin and Litecoin have a lot in common. At the most basic level, they are both decentralized cryptocurrencies. Whereas fiat currencies such as the U.S. dollar or the Japanese yen rely on the backing of central banks for value, circulation control and legitimacy, cryptocurrencies rely only on the cryptographic integrity of the network itself.


Litecoin was launched in 2011 by founder Charlie Lee, who announced the debut of the "lite version of Bitcoin" via posted message on a popular Bitcoin forum.5 From its founding, Litecoin was seen as being created in reaction to Bitcoin. Indeed, Litecoin’s own developers have long stated that their intention is to create the “silver” to Bitcoin’s “gold.” For this reason, Litecoin adopts many of the features of Bitcoin that Lee and other developers felt were working well for the earlier cryptocurrency, and changes some other aspects that the development team felt could be improved.


Proof of Work
One important similarity between these two cryptocurrencies is that they are both proof of work ecosystems, meaning that the underlying process by which both bitcoin and LTC are mined is fundamentally similar (though not exactly the same, as we will see below).

Storage and Transactions
For an investor, many of the basic elements of transacting with bitcoin and LTC are very similar as well. Both of these cryptocurrencies can be bought via exchange or mined using a mining rig. Both require a digital or cold storage "wallet" in order to be safely stored between transactions. Further, both cryptocurrencies have over time proven to be subject to dramatic volatility depending upon factors related to investor interest, government regulation and more.


Differences Between Bitcoin and Litecoin
Market Capitalization
One area in which Bitcoin and Litecoin differ significantly is in market capitalization. As of May 2020, the total value of all bitcoin in circulation is just under $128 billion, making its market cap more than 45 times larger than Litecoin, which has a total value of under $3 billion.2 Whether Bitcoin's market cap strikes you as either high or low depends largely on a historical perspective. When we consider that Bitcoin’s market capitalization was barely $42,000 in July 2010, its current figure seems staggering, though not as much when compared to its high market cap of $326 billion on December 17, 2017.6 Nonetheless, though the total number of bitcoins is worth substantially less now than it was two years ago, Bitcoin as a network still dwarfs all other digital currencies. The closest competitor is Ethereum, the second-largest cryptocurrency, which has a market cap of around $19.4 billion.2 Thus, the fact that Bitcoin enjoys a significantly higher value than Litecoin is in itself not a surprise, given that Bitcoin is so much larger than all other digital currencies in existence at this time.


Distribution
Another of the main differences between Bitcoin and Litecoin concerns the total number of coins that each cryptocurrency can produce. This is where Litecoin distinguishes itself. The Bitcoin network can never exceed 21 million coins, whereas Litecoin can accommodate up to 84 million coins.5 In theory, this sounds like a significant advantage in favor of Litecoin, but its real-world effects may ultimately prove to be negligible. This is because both Bitcoin and Litecoin are divisible into nearly infinitesimal amounts. In fact, the minimum quantity of transferable Bitcoin is one hundred millionth of a Bitcoin (0.00000001 Bitcoins) known colloquially as one “satoshi.”7 Users of either currency should, therefore, have no difficulty purchasing low-priced goods or services, regardless of how high the general price of an undivided single Bitcoin or Litecoin may become.

Litecoin’s greater number of maximum coins might offer a psychological advantage over Bitcoin, due to its smaller price as of yet for a single unit.
In November 2013, IBM executive Richard Brown raised the prospect that some users may prefer transacting in whole units rather than in fractions of a unit, a potential advantage for Litecoin.8 Yet even assuming this is true, the problem may be solved through simple software changes introduced in the digital wallets through which Bitcoin transactions are made. As Tristan Winters points out in a Bitcoin Magazine article, “The Psychology of Decimals,” popular Bitcoin wallets such as Coinbase and Trezor already offer the option to display the Bitcoin value in terms of official (or fiat) currencies such as the U.S. dollar.9 This can help circumvent the psychological aversion to dealing in fractions.

Transaction Speed
Although technically transactions occur instantaneously on both the Bitcoin and Litecoin networks, time is required for those transactions to be confirmed by other network participants. Litecoin was founded with the goal of prioritizing transaction speed, and that has proven an advantage as it has grown in popularity. According to data from Blockchain.info, the Bitcoin network’s average transaction confirmation time is currently just under 9 minutes per transaction (the time it takes for a block to be verified and added to the blockchain), though this can vary widely when traffic is high.10 The equivalent figure for Litecoin is roughly 2.5 minutes.11 In principle, this difference in confirmation time could make Litecoin more attractive for merchants. For example, a merchant selling a product in exchange for Bitcoin would need to wait nearly four times as long to confirm payment as if that same product were sold in exchange for Litecoin. On the other hand, merchants can always opt to accept transactions without waiting for any confirmation at all. The security of such zero-confirmation transactions is the subject of some debate.12

Algorithms
By far the most fundamental technical difference between Bitcoin and Litecoin are the different cryptographic algorithms that they employ. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt.

The main practical significance of these different algorithms is their impact on the process of “mining” new coins. In both Bitcoin and Litecoin, the process of confirming transactions requires substantial computing power. Some members of the currency network, known as miners, allocate their computing resources toward confirming the transactions of other users. In exchange for doing so, these miners are rewarded by earning units of the currency which they have mined.

SHA-256 is generally considered to be a more complex algorithm than Scrypt, while at the same time allowing a greater degree of parallel processing. Consequently, Bitcoin miners in recent years have utilized increasingly sophisticated methods for mining Bitcoins as efficiently as possible. The most common method for Bitcoin mining consists of the use of Application-Specific Integrated Circuits (ASICs).13 These are hardware systems that, unlike the simple *****Us and GPUs which came before them, can be tailor-made for mining Bitcoins. The practical consequence of this has been that Bitcoin mining has become increasingly out-of-reach for the everyday user unless that individual joins a mining pool.

Scrypt, by contrast, was designed to be less susceptible to the kinds of custom hardware solutions employed in ASIC-based mining. This has led many commentators to view Scrypt-based cryptocurrencies such as Litecoin as being more accessible for users who also wish to participate in the network as miners. While some companies have brought Scrypt ASICs to the market, Litecoin’s vision of more easily accessible mining is still a reality, as a good portion of Litecoin mining is still done via miners' *****Us or GPUs.14

While Bitcoin and Litecoin may be the gold and silver of the cryptocurrency space today, history has shown that the status quo in this dynamic and emerging sector can change in even a few months. It remains to be seen whether the cryptocurrencies with which we have become familiar will retain their stature in the months and years to come.



Many have made the argument that 'nothing backs Bitcoin.' And this is true. Bitcoin cannot be redeemed for any fixed value, nor is it tied to any existing currency or commodity. But, neither is gold. Gold is not backed by anything — it is valuable because it’s useful and scarce. Cars are not backed by anything, they are merely useful as cars and thus have value. Food is not backed, nor are computers. All these goods have value in proportion to their usefulness and scarcity, and one merely needs to see the usefulness of Bitcoin to understand why, without backing from any government nor corporation, without being tied to any fiat currency or existing commodity, it commands a price on the market and rightly so.bitcoin информация Encrypted: There are no rules about who can use cryptocurrency, and what they can use it for. Real names aren’t used for accounts. Each user is given codes instead. This is where we get the crypto part of the cryptocurrency definition. Crypto is Latin for 'hidden'. So, cryptocurrency translates as hidden money.bitcoin tor bitcoin banks bitcoin airbit jax bitcoin

game bitcoin

bitcoin видеокарты blake bitcoin blender bitcoin tether js bitcoin api генераторы bitcoin ethereum алгоритм wmx bitcoin debian bitcoin

ann bitcoin

bitcoin sell

bitcoin технология bitcoin книга 7. What is Ethereum: Understanding its Features and Applicationsbitcoin серфинг bitcoin multisig txid ethereum gift bitcoin проект bitcoin bitcoin отзывы bitcoin config sgminer monero bitcoin avalon arbitrage cryptocurrency пул monero cryptocurrency faucet новости ethereum

bitcoin pdf

london bitcoin

транзакции ethereum

биржа bitcoin Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people. In this guide, we are going to tell you all that you need to know about cryptocurrencies and the sheer that they can bring into the global economic system.

bitcoin attack

кошелька ethereum

elena bitcoin Blockchain also has potential applications far beyond bitcoin and cryptocurrency.

monero ico

bitcoin партнерка bitcoin мошенники bitcoin прогноз приват24 bitcoin bitcoin purchase bitcoin eu wei ethereum ethereum вики hack bitcoin bitcoin kraken bitcoin кредиты ethereum foundation ethereum price galaxy bitcoin moneybox bitcoin cryptocurrency calendar tether bitcointalk

ethereum contracts

bitcoin pdf

bitcoin collector

ethereum настройка bitcoin bat хабрахабр bitcoin trezor bitcoin global bitcoin ethereum alliance bitcoin 100 credit bitcoin bitcoin tracker bitcoin russia bitcoin trust доходность bitcoin love bitcoin ethereum транзакции ssl bitcoin bitcoin конец bitcoin пример course bitcoin конец bitcoin кошельки bitcoin

statistics bitcoin

bitcoin монета monero amd виджет bitcoin lealana bitcoin monero майнинг bitcoin рубль reward bitcoin neteller bitcoin bitcoin price is bitcoin instant bitcoin bitcoin в bitcoin okpay биржа monero wikileaks bitcoin bitcoin перевод

ethereum online

ethereum swarm

робот bitcoin

bitcoin agario bitcoin chart cryptocurrency dash cubits bitcoin 4 bitcoin bitcoin символ стоимость bitcoin 22 bitcoin bitcoin расчет advcash bitcoin bitcoin конвертер bitcoin chains multibit bitcoin average bitcoin bitcoin ключи bitcoin банкнота microsoft bitcoin bitcoin картинки

1 ethereum

пожертвование bitcoin up bitcoin

network bitcoin

ethereum faucets майнер monero кошельки bitcoin ethereum forks bitcoin book инструкция bitcoin bitcoin spinner

monero usd

новости monero

bitcoin обменник bitcoin checker bitcoin electrum bitcoin electrum торги bitcoin bitcoin widget bitcoin land фарминг bitcoin bitcoin зарегистрироваться

Ключевое слово

bitcoin hosting bitcoin block client bitcoin wallet cryptocurrency monero gpu bitcoin calc ethereum coin контракты ethereum заработок bitcoin

bitcoin make

bitcoin история rx560 monero bitcoin china playstation bitcoin bitcoin торги bitcoin adress bitcoin ios

bitcoin форки

solidity ethereum 84 million Litecoinbitcoin сделки ethereum gas cold bitcoin bitcoin indonesia config bitcoin coffee bitcoin

tether кошелек

ethereum создатель bitcoin приват24 bitcoin обои bitcoin теханализ bitcoin steam bitcoin markets iso bitcoin bitcoin red кран bitcoin разделение ethereum cold bitcoin

bitcoin онлайн

адреса bitcoin и bitcoin bitcoin вирус

metatrader bitcoin