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Author Topic: Is Litecoin a Bitcoin fork?  (Read 218 times)

agustd0309

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Is Litecoin a Bitcoin fork?
« on: September 09, 2019, 12:54:59 PM »
Is Litecoin a soft-fork or a hard-fork of Bitcoin? Is the Litecoin project's code is forked from Bitcoin.

Tommy_Jones

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Re: Is Litecoin a Bitcoin fork?
« Reply #1 on: September 12, 2019, 12:09:33 PM »
However, because Litecoin and Bitcoin share no common ancestor, Litecoin is neither a soft-fork nor a hard-fork of Bitcoin, and it is also not a sustained chain split of Bitcoin.

We can verify that by comparing block 0 (aka Genesis block) of Bitcoin, Bitcoin Cash, and Litecoin shown below. We see Bitcoin and Bitcoin Cash share exactly the same Genesis block, but Litecoin's Genesis block was created by Charlie Lee separately, so Litecoin is a completely new blockchain.So you can be positive about the litecoin to bitcoin conversion.
« Last Edit: September 12, 2019, 12:24:59 PM by Tommy_Jones »

OluwaTosin10

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Re: Is Litecoin a Bitcoin fork?
« Reply #2 on: September 12, 2019, 08:37:30 PM »
Litecoin is not a fork of bitcoin or any coin
It is an independent token just like etherum and dash

Unique and very close to bitcoin in terms of operations

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tsakf

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Re: Is Litecoin a Bitcoin fork?
« Reply #3 on: September 13, 2019, 06:02:23 AM »
Litecoin, was created from scratch, with the Scrypt hashing algorithm,  instead of Bitcoin's SHA-356. It was designed to be faster than Bitcoin, with block time 2,5 minutes, instead of Bitcoin's 10 minutes. The total coins maximum will be four times of Bitcoin's 21M, 84M.

 

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