What Is Wrong With Litecoin? Bitcoin has been getting some bad press lately, and BitcoinTalk is still offline for 4 days now. It’s been bad news and more bad news for Bitcoin. Surely the “second” coin on everybody’s mind, Litecoin, would rise in value now, right? Actually, no, it has even slightly dropped in value over the past few weeks. So what is wrong with Litecoin? Well first let’s take a look at Litecoin, and compare and contrast it with Bitcoin to get a better look at what we have in Litecoin : - Scrypt vs SHA-256 : People who mined SHA-256 with their GPU’s have mostly switched some of their machines to mining Litecoin, where GPU mining is still relevant (for now) . - Faster Block Times : The average Litecoin block is generated every 150 seconds. . - Current Block Rewards : Both Bitcoin and Litecoin started off with a 50 BTC/LTC block reward. . - Market Cap : Bitcoin has a way higher market cap than Litecoin. . - Money Supply : There will be four times as much Litecoins in existence as there will be Bitcoins.
Service directory - Litecoin Wiki. Sites using Litecoin. This is a large list of sites which use Litecoin in some way, from payout's, giveaways, to purchasing goods.Message me if you'd like your site added to the list.
PLEASE BE AWARE, there is now a wiki page that anyone can add to here: This forum does not endorse any website listed here. All website owners are responsible for their own content. Physical GoodsBitcoinshop - 400 categories and over 140,000 itemsLitecoin asics - Sells variety of goods from ASICS (the shoes ), gift cards, and other stuff.The 420 Life Clothing - As the name suggests, sells cannabis themed clothingThe Picking Pair - AntiquesTit4bit - Sex toys for BTC/LTCCookies4coins - Cookies for BTC/LTCHashr - Sells a "large selection of Outdoor Gear, Tactical Gear, Tools, Safety Gear, Batteries, Security Gear, Ammunition, Lighting, Networking Gear, Print Cartridges, Clothing"Trader's Edge Dice - Foreign-exchange novelty dice. Service directory - Litecoin Wiki. The ultimate litecoin sites directory. List of Litecoin related services · litecoin-project/litecoin Wiki. This page has moved to: This page is intended for listing any Litecoin-related services, such as exchanges, charts, escrows, online wallets, and other services that provide anything for Litecoin. = Forums = [ Litecoin.net Forums] - official Litecoin forum[ Litecoin Sub-Reddit] - A Popular Litecoin Sub-Reddit[ Litecoin Forums][ Alternate cryptocurrencies] at bitcointalk.org[ Litecoin forums] an litecoinrain.org = Block Explorers = = Wallet services = [ LTC-Wallet.com] - Secure online Litecoin wallet.
. = Charts / Updates = Ex-Googler Gives the World a Better Bitcoin. Litecoin creator Charles Lee.
Photo: Alex Washburn/Wired Charles Lee was a software engineer at Google, spending his days hacking networking code for the search giant’s new-age operating system, ChromeOS. But in his spare time, he rewrote Bitcoin, the world’s most popular digital currency. Early one October morning two years ago, Lee unleashed his project, Litecoin, onto an online universe that was still coming to terms with its more famous progenitor, and though Litecoin is still firmly rooted in the Bitcoin code base, it has found a place in the world, showing just how strong the appetite is for a new breed money. Bitcoin has had an extraordinary run this year, but if you’d sunk your money into Litecoin instead of Bitcoin on January 1, it would have done better. Government regulation may put the squeeze on Bitcoin — and perhaps Litecoin too. He took the basic ideas behind Bitcoin — a currency created by a pseudonymous character who goes by the name Satoshi Nakamoto — and refined them.
Litecoin - Open source P2P digital currency. Litecoin - a lite version of Bitcoin. Launched! Download the binaries from: out the source: Litecoin is the result of some of us who joined together on IRC in an effort to create a real alternative currency similar to Bitcoin.
We wanted to make a coin that is silver to Bitcoin's gold. Various alternative currencies have come and gone. Some brought innovation, but they all had problems.ixcoin - Nasakioto premined 580k coins. Seemed like a pump and dump. Proof of Work We really liked Tenebrix's Scrypt proof of work. Premines Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid. Fast transactions We were impressed by the convenience of SolidCoin's fast transactions. Difficulty retarget We will keep the retarget block the same as Bitcoin's 2016, but because blocks are found 4 times faster, difficulty will retarget about every 3.5 days.
Coin generation Miners will generate 50 coins per block. Fairness We have come up with a plan that we believe is most fair. 51% attack.