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 without any central authorities.Mathematics secures the network and empowers individuals to control their own finances.Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.Community Find support across a growing number of Litecoin communities: Litecoin ForumsLitecoin Telegram Reddit Litecoin Search for Users on Twitter IRC FreeNode network channels #litecoin (for general users) and #litecoin-dev (for developers).Resources Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.Up-to-date network statistics can be found at Litecoin Block Explorer Charts.

Source code for Litecoin Core and related projects are available on GitHub.Open Source Software Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software.The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.Blockchain The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin.Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.Wallet Encryption Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.

This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.Mining Reward Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.ethereum video tutorialμTorrent users are furious after discovering their favorite file-sharing app is quietly bundled with a Litecoin mining program.bitcoin linux libraryThe alt-coin miner is developed by distributed computing biz Epic Scale, and is bundled in some installations of μTorrent, which is a Windows BitTorrent client.ethereum value in usd

Some peeps are really annoyed that Epic's code is running in the background while they illegally pirate torrent movies and Adobe Creative Suite Linux ISOs, and say they didn't ask for it to be installed.Epic's software tries to do more than mine crypto-currencies, we're told: like the distributed SETI@home and BOINC projects, it spreads workloads over a large number of home computers, and can use their spare processor cycles to analyze genomes, fold proteins, and so on.bitcoin ownership by countryBut it mostly mines Litecoin.ethereum pdfThe software is included in BitTorrent clients, as Epic's website explains: All of our installations are opt-in, but if you just clicked “Next, Next, Next…” in the torrent installer, then you may not have noticed our offer page.bitcoin 2800

Epic Scale uses your computer’s idle time to do genomics research, protein folding, image rendering, cryptocurrency mining, and more, then we give a majority of the profits to charities like Watsi (life-changing surgeries), and Immunity Project (HIV vaccine).We do not spy on your browsing behavior or scan your files or anything like that.The biz today scrambled to update its website to include prominent instructions on how to uninstall its code, as more and more people complained on torrenting forums about the slightly hidden software.bitcoin dockerA spokesman for μTorrent developer BitTorrent denied any wrongdoing to El Reg: the distributed processing software is installed if users do not click on a "decline offer" button while installing μTorrent.ethereum java libraryDuring the μTorrent install, you may see this Epic Scale "offer" box, or have clicked through it too quickly ... this charity funding is paid for by Litecoin mining Not every μTorrent user will get Epic Scale's program, as BitTorrent varies the partner software it bundles with each download.bitcoin mission statement

Your humble hack was offered software that claimed to be Skype when he tried installing the torrenting client, for instance."Like many software companies, we have partner offers in our install path and our policy is that they are strictly optional," BitTorrent's spokesman added."We aim to work with partners that would appeal to our tech-forward user base."Epic Scale's CEO Tim Olson insisted his company is not an alt-coin-mining crapware outfit.He told El Reg his biz began as a non-profit, and donates a portion of its proceeds to charity.Mined Litecoins are converted into dollars daily, and at least 75 per cent of its profit is given to good causes, we're told.One Litecoin is worth $1.89, and about 28,900 are created each day globally by all miners (not just Epic's), at time of writing.Olson told us he hopes to shift his distributed computing network from crypto-currencies to full-time contracts with science research projects.The Epic Scale boss said he approached BitTorrent to distribute his software late last year, but only recently began large-scale rollout of the code via μTorrent downloads.