Scrypt

Scrypt miner algorithm miners carry out the computations based on proof-of-work. Scrypt algorithm is better than other proof-of-work algorithms like SHA-256 because it requires much energy and offers lower transaction fees, which is a mark of profitability.

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The scrypt algorithm is very easy to use when compared to other ones. It utilizes potent graphics processing units (GPUs). Miners earn rewards in the form of newly minted coins while also contributing to the security and integrity of the cryptocurrency network by solving these puzzles. The scrypt algorithm is primarily associated with cryptocurrencies like Lite coin, Dogecoin and Einsteinium. For better outputs, miners use scrypt with these cryptocurrencies.

Qu'est-ce que Litecoin (LTC)?

Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.

To learn more about this project, check out our deep dive of Litecoin.

The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

Litecoin a été lancé via un client open source sur GitHub le 7 octobre 2011, et le réseau Litecoin a été mis en ligne cinq jours plus tard, le 13 octobre 2011. Depuis lors, son utilisation et son acceptation parmi les commerçants ont explosé et ont compté. parmi les dix premières crypto-monnaies par capitalisation boursière pendant la majeure partie de son existence.

La crypto-monnaie a été créée par Charlie Lee, un ancien employé de Google, qui voulait que Litecoin soit une "version allégée de Bitcoin", en ce sens qu'il présente bon nombre des mêmes propriétés que Bitcoin, bien qu'en poids plus léger.