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Title: What's with all these coins Post by: Sub7 on July 03, 2013, 12:11:24 PM What on earth is a Litecoin?
Title: Re: What's with all these coins Post by: naphto on July 03, 2013, 12:15:53 PM It's a LTC.
Title: Re: What's with all these coins Post by: Sub7 on July 03, 2013, 12:19:33 PM What is it relative to Bitcoin.
Is it Bitcoin 2.0 or some sort of freak of nature. Title: Re: What's with all these coins Post by: Liquid on July 03, 2013, 12:20:23 PM http://en.wikipedia.org/wiki/Litecoin
https://litecoin.com.au/viewtopic.php?f=6&t=68 Title: Re: What's with all these coins Post by: letuslook on July 03, 2013, 12:21:14 PM What on earth is a Litecoin? Hi Sub7, Litecoins are just like bitcoins a form of cryptocurrency. You can see bitcoin as the main cryptocurrency and there are many alternative coins like litecoins, feathercoins etc. How i see it is that if bitcoins are gold then litecoins are the silver. Have look on the litecoin page: https://litecoin.org Or read more about the alternative coins on the bitcointalk.org sub forum: https://bitcointalk.org/index.php?board=67.0 Cheers, ~ Luc Title: Re: What's with all these coins Post by: MineriaCloud on July 03, 2013, 12:22:13 PM What is it relative to Bitcoin. Is it Bitcoin 2.0 or some sort of freak of nature. Its a fork from Bitcoin that uses another type of cryptography. Some people consider it the Silver, while Bitcoin is the Gold. Besides Bitcoin (BTC) and LiteCoin (LTC) I donīt think you should care about others for now. We have more than enough with the current ones. Title: Re: What's with all these coins Post by: Sub7 on July 03, 2013, 12:29:59 PM Thanx for all replies.
Are there any plans or discussion about developing Litecoin specific hardware? Other than mine bitcoin as intented, what other use for a bitcoin ASIC? Title: Re: What's with all these coins Post by: MineriaCloud on July 03, 2013, 12:48:34 PM Thanx for all replies. Are there any plans or discussion about developing Litecoin specific hardware? Other than mine bitcoin as intented, what other use for a bitcoin ASIC? Litecoins are supposed to be resistant to ASIC development, since it would be hard or not cost effective to make them. But then again... Litecoin was said to be restricted exclusively to CPU mining, then it changed to GPU, so it already missed on that promise. In the future it could be possible to see ASIC mining for LTC, but not sure how much more performance you would get from them, and even if its possible it will not be the case for some years. LTC is supposed to be more resistant to it, but nothing is impossible. Title: Re: What's with all these coins Post by: Endgame on July 03, 2013, 12:59:11 PM There is some litecoin FPGA's under development, but nothing completed so far. There is some discussion on this over at the litecoin forum: https://forum.litecoin.net/index.php/topic,648.0.html
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