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Author Topic: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **  (Read 18902 times)

Principe

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What is Litecoin?

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.

Features

- 50 Coin reward per block
- 21 million coins will be available
- Block target is 2.5 minutes so a new block is generated every 10 minutes on average
- Difficulty adjusts every 2016 blocks, approximately every 3.5 days
- Hashing protocol is Scrypt
- Launch Date: October 7th, 2011

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-Qt 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.

Rewards Mining Reward

Miners are currently awarded with 50 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.


Wallet and more info on the Official Litecoin Project Site.
★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

AltProm0

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Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
« Reply #1 on: October 18, 2014, 02:06:19 PM »

Hamster on our new pool!

   

You can mine LTC @ Hamster! Official Thread: http://bitcoingarden.tk/forum/index.php?topic=928.0
« Last Edit: October 18, 2014, 02:13:49 PM by AltProm0 »

secco

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  • Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #2 on: December 16, 2014, 12:12:13 PM »
    A Litecoin section has been added to the Mega List of Crypto Gambling Sites:

    http://bitcoingarden.tk/forum/index.php?topic=845.0

    Enjoy!
    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

    timothy.faulkner

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    Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #3 on: December 16, 2014, 08:48:51 PM »
    I tried this service a couple weeks ago and i now its my favorite: https://litecoinsale.com/

    The price is the same as the rest exchanges, want i like about this service is that its very fast. Also never required me some additional info except paypal address.

    I just send Litecoins to the given address and i am getting my money for 5 minutes.

    What do you think?

    AltProm0

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    Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #4 on: January 09, 2015, 10:58:45 AM »
    Mandatory Wallet Update:

    Everyone must upgrade to at least Litecoin v0.8.7.4 before ~January 9th when block 710k locks in the v2 block type permanently.

    Get the new wallet from the official site: https://litecoin.org/

    secco

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  • Will Litecoin fall under $1 before April 2015? Dare to bet some satoshi?

    https://www.betmoose.com/bet/litecoin-will-fall-under-1-before-april-2015-1113?ref=scacco
    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

    Principe

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    ★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
    ★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
    ★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

    Principe

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    Chinese ‘Pump-n-Dump’ Suspected as Litecoin Passes Bitcoin in Trading Volume:

    http://cointelegraph.com/news/114809/chinese-pump-n-dump-suspected-as-litecoin-passes-bitcoin-in-trading-volume
    ★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
    ★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
    ★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

    Principe

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    Andrew Vegetabile Talks About Litecoin: http://moneyandtech.com/andrew-vegetabile-talks-litecoin/
    ★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
    ★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
    ★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

    AltLove

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    Litecoin block reward is about to halve. This is a community call for contribution and giveaway:
    https://www.reddit.com/r/litecoin/comments/3hoq7s/the_halvening_its_amongst_us_giveaway/

    Litecoin Halving Set For Aug. 25, 2015; Uncertainties Loom Over Price
    https://www.cryptocoinsnews.com/litecoin-halving-set-aug-25-2015-uncertainties-loom-price/

    Principe

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    Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #10 on: August 29, 2015, 10:53:40 PM »
    A set of 9 litecoin avatars has been added to the altcoin avatar gallery. Enjoy!
    ★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
    ★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
    ★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

    Zapotec

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    Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #11 on: September 10, 2015, 01:44:00 PM »
    Start Mining Litecoin With Your Mac in Under 5 Minutes


    Zapotec

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    Zapotec

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    Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #13 on: January 13, 2016, 12:56:45 PM »

    secco

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  • Re: [ANN] [LTC] Litecoin | Scrypt | 21 million coins ** UNOFFICIAL THREAD **
    « Reply #14 on: January 23, 2016, 07:11:51 PM »
    Will Litecoin hit $200,000,000 in market cap in first half of 2016? Yes or no? Dare to bet in bitcoin?
    https://www.betmoose.com/bet/litecoin-to-hit-200m-market-cap-before-jul-1-2016-1473?ref=scacco
    « Last Edit: January 23, 2016, 07:19:38 PM by secco »
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