Cryptocurrency mining creates new coins and validates transactions on blockchain networks. Mining requires specialized hardware like ASICs or GPUs. Three main types: CPU, GPU, and ASIC mining
Litecoin forked from Bitcoin in 2011, launched October 13th. Created by Charlie Lee, former Google employee and Coinbase engineering director. Uses Scrypt mining algorithm and proof-of-work consensus
Litecoin is a decentralized blockchain created by Charlie Lee in 2011. It offers faster block generation (2.5 minutes) compared to Bitcoin's 10 minutes. Maximum supply is 84 million LTC, four times greater than Bitcoin. Uses Scrypt algorithm instead of Bitcoin's SHA-256 for mining
Litecoin was created by Charlie Lee in 2011 as a faster alternative to Bitcoin. It features a block generation time of 2.5 minutes versus Bitcoin's 10 minutes. The total supply cap is 84 million coins, four times that of Bitcoin
Litecoin mining validates transactions and rewards miners with 6.25 LTC. Mining uses proof-of-work to solve cryptographic puzzles. Network halves rewards every 840,000 blocks, next halving in 2027
Litecoin is a Bitcoin fork with 84 million total supply. Market capitalization is $5.99 billion as of June 2024. Price is currently trading at $80.67