Litecoin (LTC or Ł[1]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[2]Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[2][3]While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network.[4]These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin.[5]Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.[6]Contents 1 2 3 4 5 6 Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee.It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[7]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[8]Litecoin reached a $1 billion marketcap in November 2013.[9]As of May 9, 2017, its market capitalization is US$1,542,657,077 at around $30 per coin.[10][11]In May 2017, Litecoin became the first of the top-5 (by market cap) cryptocurrencies to adopt Segregated Witness.[12]Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.[13]Litecoin version 0.8.5.1 was released in November 2013.The release included fixes for vulnerabilities and added enhanced security to the Litecoin network.The Litecoin developer team released version 0.8.6.1 in early December 2013.The new version offered a 20x reduction in transaction fees, along with other security and performance improvements in the client and network.The source code and binaries were released early to people in the "#litecoin" IRC channel, on the official Litecoin forums, and on Reddit, with information for power users to add a Litecoin supernode to the configuration file, while the main site was to be updated after enough of the network was running the new version.

This release method was used to ensure that the low fee transactions from version 0.8.6.1 clients would not be delayed by clients running older versions.In April 2014, a new version of Litecoin was released, version 0.8.7.1, which fixed some minor issues along with an important fix related to the Heartbleed security bug.Litecoin offers three key differences from Bitcoin.The original intended purpose of using Scrypt was to allow miners to mine both Bitcoin and Litecoin at the same time.The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners.Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[16]This is widely due to the Scrypt hashing scheme being more memory intensive; increasing memory requirements for ASICs and FPGAs.^ ^ a b c ^ ^ ^ ^ ^ ^ ^ ^ /currencies/litecoin/ ^ ^ /Blockstream/status/862420329888595969 ^ ^ ^ ^ Cryptography portal Economics portal Free software portal Internet portal Numismatics portal

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.Litecoin is an open source, global payment network that is fully decentralized.Mathematics secures the network and empowers individuals to control their own finances.Compared to Bitcoin, Litecoin features faster transaction confirmation times (2.5 minutes) and improved storage efficiency.bitcoin wallet linuxWith substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.wetten mit bitcoinLitecoin is the second most popular cryptocurrency.sell bitcoin for inrClone this wiki locally We have moved!bitcoin konto wo

Our new address is: http://litecoin.info You signed in with another tab or window.Reload to refresh your session.You signed out in another tab or window.Mining pool comparison Jump to: navigation, search This page lists all known mining pools along with many of the important details needed to choose a Litecoin pool which best suits you.It is usually a requirement to register an account on the pool, and configure your workers on the pool's portal account pages before mining.bitcoin talk brasilEach pool may have different payment methods--select the method which works best for you.register litecoin walletA frequently updated list of each pool's hashrates.litecoin web walletIf possible, please help the network by mining with a pool that doesn't have a large part of the network hashrate.linux bitcoin command line

Contents 1 2 3 4 5 "Green" pools are more likely to have active webmasters and be more responsive to the needs of their miners.Name - The name of the pool and the pool's URL.Reward - See Reward types.Fee % - The percentage that the pool charges as a fee.Launched - The launch date of the pool.Forum - The pool's forum announcement and usually its general public support and info thread.buy litecoin at coinbaseMust be a 3rd party site.Location - The geographical locations of the pool's servers.VDF - Vardiff, short for "variable-difficulty", optimizes the difficulty based on your worker's capacity.Does the pool have vardiff?STX - Blocks are not always 50 LTC because they can contain transaction fees.Does the pool share transaction fees with the miners?LB - Load balancing helps maintain uptime in case a server goes down.Does the pool have multiple mining servers?SSL - SSL is an encryption protocol that protects your privacy.

Does the pool have SSL on the main website?TLS - Does the pool support TLS encryption for Stratum connections (prevents hijacking of mining connections)?The list is sorted by the date the pool was announced (Launched)--clicking a column header will change the sort method.Name Reward Fee % Launch Forum Location VDF STX LB SSL TLS Coinotron PPS/RBPPS/PPLNS 6/4.5/1.5 2011-10-20 Link PL No No No Yes No PPS 4 2011-11-05 Link UK, US-NY, US-CA, TOR Yes N/A Yes Yes Yes GiveMeCoins PPLNS 0 2013-03-11 Link US-AZ, FR Yes Yes Yes Yes No TBDice PPLNS (Solo) 0.5 2014-12-28 Link US Yes Yes ?No No It is recommended not to use mining pools which have a large part of the total network hash rate.The site Learn Cryptography has more information behind the risks of having pools grow to a size of 51% or more of the total network.

Think of it this way, what made you decide to join one of these big pools?Was it because bigger is better?For mining, bigger doesn't mean it's better.Joining a bigger pool does not mean bigger or faster payouts, especially when the payment system is probably the same one used by nearly every other pool (PPLNS).Maybe because the big pools are established and trusted?Many of the large pools were created during the Litecoin rush of April 2013.There are numerous smaller pools that were created at the same time or earlier.You can take a look at The Litecoin hash rate distribution chart and avoid joining the biggest pools.Or if you are currently mining them, please Spread the Hashes and consider switching to a pool with a smaller percentage of the total network.CPPSRB - Capped Pay Per Share with Recent Backpay is a calculation that provides the maximum payout without bankrupting the pool.[1]DGM - Double Geometric Method.A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk.

Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments.POT - Pay On Target.High variance reward system to those that like a gamble.You get more for shares of higher difficulty, meaning you get a big reward if you're the block finder.PPLNS - Pay Per Last N Shares.Similar to proportional, but instead of looking at the number of shares in the round, it looks at the last N shares, regardless of round boundaries.PPS - Pay Per Share.Each submitted share is worth a certain amount of Litecoin.It is risky for pool operators, hence the fee is highest.When a block is found, the reward is distributed among all workers proportionally to how many shares each of them has found.RBPPS - Round-Based Pay Per Share.Like PPS, but payouts are delayed until a block is found and confirmed by the network.If a found block gets orphaned, earnings relative to it are not paid.There is no "normal" or "standard" or "base" difficulty for Litecoin pools.Difficulty is measured in the same way as Bitcoin difficulty, but since the hashing algorithm used by Litecoin is much more complex (and therefore slower), pools need to use a share difficulty lower than 1.

In the first months after the launch of Litecoin, most pools used a share difficulty of 2-16 or 2-15.They could have used even lower values, but there was no point in doing that.After GPU mining became widespread, most pools moved to higher difficulties, such as 2-12.The reason behind this was to decrease bandwidth usage, as a higher share difficulty results in fewer shares being submitted.While this change doesn't affect mining rewards, there is a minor downside, and that's that the precision of speed estimates gets drastically reduced.For this reason, slower miners may prefer pools with a lower share difficulty, so that they can get more precise statistics on their workers.To overcome this problem, some pools implement adaptive solutions that serve work units with variable difficulty depending on the speed of each miner.This technique is commonly referred to as vardiff.Even if officially difficulty is defined the same way as for Bitcoin, for historical reasons the value is sometimes multiplied by 65536 (216).