December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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Litecoin
This is one of the initial Altcoins, released in 2011. The prime modification of Litecoin over Bitcoin is the use of the script algorithm instead of SHA-256 used in Bitcoins. Also, the limit of coins for Litecoin is 84 million, compared to 21 million Bitcoins.
Litecoin was created in October, 2011, by a former Google engineer, with its prime focus to reduce the block generation time from Bitcoins from 10 minutes to 2.5 minutes. Due to faster block generation, the confirmation of a transaction is much faster in Litecoin compared to Bitcoin.
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