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In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid partial proof ...
Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011. [4] [5] In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase.
In October 2011, he released Litecoin on Bitcointalk. [7] He had written the blockchain technology based on Bitcoin in his spare time while employed at Google. He released Litecoin to the public after mining only 150 coins. [5] Lee has stated that he did not intend to compete with Bitcoin but meant Litecoin to be used for smaller transactions. [6]
Year of introduction Currency Symbol Founder(s) Hash algorithm Programming language of implementation Consensus mechanism Notes 2009 Bitcoin: BTC, [3] XBT, ₿ Satoshi Nakamoto: SHA-256d [4] [5] C++ [6] PoW [5] [7] The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 ...
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