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Title: What is Litecoin Post by: joseph.al on January 13, 2014, 07:47:49 AM Sorry for my noobness...
Can anyone explain what is Litecoin and how it works? It seems some lightweight client for Bitecoin ??? Because I saw people saying they mine Litecoin. I installed Bitecoin on my PC but it is taking too many hours to work. Maybe this Litecoin is faster? Thanks! Title: Re: What is Litecoin Post by: Buffer Overflow on January 13, 2014, 07:55:17 AM Litecoin is an altcoin with a few minor changes to Bitcoin.
You will need to wait for for the whole blockchain to download with both coins. This can take a few hours. The difficulty to mine on both coins is now hard as the difficulty has risen. Title: Re: What is Litecoin Post by: jonanon on January 13, 2014, 07:56:11 AM Litecoin is a crypto currency that differs from Bitcoin, it is easy to mine as it is not ASIC friendly and you can mine it with a GPU although difficulty is increasing all the time.
Some people say that Litecoin is the silver to Bitcoin's gold. Also note it is Bitcoin, no 'e' in there :) Title: Re: What is Litecoin Post by: odolvlobo on January 13, 2014, 07:57:22 AM Litecoin is payment system derived from the Bitcoin system with some small differences. It is not nearly as well-known as Bitcoin and is about 1/20 of its size.
Title: Re: What is Litecoin Post by: joseph.al on January 13, 2014, 08:06:08 AM Thank you, guys. Didn't know there was more than Bitcoin, too much for my head!
Then it seems this Litecoin isn't Lite at all ;D Title: Re: What is Litecoin Post by: jackjack on January 13, 2014, 08:08:40 AM What is Bitecoin???
Litecoin has nothing to do with bitcoin. Nothing. Litecoin.org Title: Re: What is Litecoin Post by: mymenace on January 13, 2014, 08:12:41 AM Sorry for my noobness... Can anyone explain what is Litecoin and how it works? It seems some lightweight client for Bitecoin ??? Because I saw people saying they mine Litecoin. I installed Bitecoin on my PC but it is taking too many hours to work. Maybe this Litecoin is faster? Thanks! There are over 100 cryptocurrencies and rising https://bitcointalk.org/index.php?board=67.0 all with different types of algorithms to solve transaction blocks and improved code as the developers say. check them out use an exchange to get a wallet and then there is no need to download the whole blockchain (e.g. cryptsy.com) I am not affiliated with cryptsy all currency comes in different forms e.g. dollar, cents, euro, pound, cheque, credit, crypto currency Bitcoin was just the start |