Late as usual. Still, thanks for sharing.
If you've only heard of Bitcoin...
Litecoin is a 'copy' of Bitcoin with a few changes
Namely:
1. Blocks are solved about every 2.5 minutes. This means it's
FOUR TIMES as fast as bitcoin in terms of sending money (getting confirmations)
2. The Hashing algorithm to 'solve' a block (generate coins) is
DIFFERENT than bitcoin and thus the new ASIC hardware coming out for bitcoin won't work on litecoin. User's and millions of people with GPU cards can mine litecoin and be safe (for now) from worrying about being profitable because there's not some super fast hardware coming out that's better than yours
As of Mar 11, 2013 due to the amount of scams and rising price of Litecoin and its interest
The Giveaway has stopped.
Unless someone else wants to donate and run it; then just PM me or just takeover the thread how you see fit Some could say; our purpose has been fulfilled
To get a 'wallet' address you can do what most people do and signup at the an exchange like:
https://vircurex.com/orders?alt=ltc&base=btcyou can then deposit bitcoins, litecoins and others there.
Another wallet is available online (experimental perhaps):
http://wallet.it.cx/So that's it,
post your address here if you're a newbie (stuck in newb thread) and I'll give you free LTC (worth $0.065). You can trade it; donate it; hold it (LTC is at a low point and will gain in value soon)
LITECOIN INFO & CREATION from late 2011:
https://bitcointalk.org/index.php?topic=47417.0TO MINE, Consolidated Guide:
https://bitcointalk.org/index.php?topic=117221.0STARTING WITH POST #227 IN THIS THREAD IT LOOKS LIKE franky1 will be handling the direct giveaway so as to save my timethanks franky1:
https://bitcointalk.org/index.php?topic=145201.msg1540619#msg1540619Starting with POST #442 we're only giving 1LTC nowStarting with POST #517 we're only giving 0.5LTC now
