18 lines
914 B
Plaintext
18 lines
914 B
Plaintext
Litecoin is a peer-to-peer Internet currency that enables instant payments to
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anyone in the world. It is based on the Bitcoin protocol but differs from
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Bitcoin in that it can be efficiently mined with consumer-grade hardware.
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Litecoin provides faster transaction confirmations (2.5 minutes on average) and
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uses memory-hard, scrypt-based mining proof-of-work algorithm to target the
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regular computers and GPUs most people already have. The Litecoin network is
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scheduled to produce 84 million currency units.
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One of the aims of Litecoin was to provide a mining algorithm that could run at
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the same time, on the same hardware used to mine bitcoins. With the rise of
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specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is
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unlikely for ASIC mining to be developed for Litecoin until the currency is
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widely used.
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Available flavors:
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no_x11: Built daemon and CLI tools only, no Qt5 GUI tools
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