Litecoin

(LTC)

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

Details

Type: Cryptocurrency
Ticker: LTC
Founded: October 10, 2011

Specifications

Currency: Blockchain Protocal
Algorithm: SHA-256 hash

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