Lightcoin project

1. What is a Leyte coin? To put it simply, litecoin (LTC)
was released on October 7, 2011. It is currently the highest market value counterfeit coin, about 1% of BTC's market value, or US $1000W. Compared with BTC, LTC is faster, with an average of 2.5 minutes and 6 confirmations per block in 15 minutes. In addition, the number of LTCs is four times that of BTCs, with a total of 8400w. At present, LTC uses scrypt algorithm, which needs a lot of memory support. The professional mining machine on the market can not be used for LTC mining, only the graphics card
what is the difference between lightcoin and bitcoin
1. Transaction: easier to use, larger volume and greater appreciation potential. The block confirmation time is shorter, which is four times faster than bitcoin. For example, pizza owners are more willing to accept LTC payment to save transaction time< Mining:

special algorithm creates the unique charm of LTC, which is also the key to stand out from Shanzhai coins. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory, each hash is used as the input seed, and then needs a lot of memory to store another seed pseudo-random sequence, Generate pseudo-random points of sequence and output hash value. The key is that scrypt algorithm needs a lot of memory while sha256 algorithm does not. So in this era when BTC mining of graphics card is coming to an end, LTC mining is about to usher in a golden period of development. Because of the high cost of memory, any ASIC or FPGA has no advantage over graphics card mining. LTC has advantages, at least in the foreseeable future
3. The biggest threat of bitcoin is 51% attack:
some shanzhais are killed by 51% attack. To be honest, LTC is a worry for the development of LTC and BTC, of course. However, the specific problems they face are different: BTC can avoid 51% attack through technology upgrading (such as end block reconstruction, careful node upgrading, and calculation difficulty), However, there is no way to evade LTC technology. However, e to the scattered computing power of graphics card mining and the increasing difficulty, this problem needs to be paid attention to, but don't worry too much. With the use of ASIC in BTC, the risk of 51% attack is increasing. I hope BTC development team can solve this problem as soon as possible.

3. It could be Wright's coin or dog's coin. Dog's coin should be easily popularized in countries where reward culture prevails. However, at present, except bitcoin, most currencies continue to decline. Lightcoin, in particular, broke the rule of following the price fluctuation of bitcoin and continued to plummet. On the one hand, it is related to the appearance of large-scale Leyte coins at the airport, and on the other hand, it is also related to the rumor that some mining machinery manufacturers sell Leyte coins in large quantities in order to sell mining machinery and recover capital. The world's famous bitcoin miner also plans to enter the ranks of Avalon chip R & D and design. The founder of lightcoin once claimed that lightcoin mining was not suitable for ASIC, but it turned out to be wrong

Avalon is the largest miner supplier in the world, the first ASIC miner in the world, and the first miner to announce hardware solutions for miner besides chips.

4. The mining principle of lightcoin is the same as that of bitcoin, but the algorithm is different. In short, it is to use the computing power of your lightcoin mining equipment to solve mathematical problems, confirm lightcoin network transactions, and ensure the security of the entire lightcoin network system. As a reward, miners can get unequal lightcoin rewards. The total number of lightcoin is four times that of bitcoin

at present, lightcoin mining has entered the ASIC era, and the myth that ASIC was not suitable for lightcoin mining has been broken

if you want to mine the Leyte coin, it is recommended that you buy ASIC Leyte coin miner, and you'd better join a mine pool for mining. The more famous lightcoin machines in the market include A2, silverfish, KNC and so on. At present, Avalon, a famous supplier of bitcoin machines, also plans to research and develop lightcoin ASIC chips. Avalon's lightcoin chip is a 28nm process technology, which is in a leading position in the instry.

5. BTC refers to bitcoin, LTC refers to litecoin, and CNY refers to people's currency

BTC CNY LTC means RMB transaction between bitcoin and Leyte, which supports the free exchange among bitcoin, Leyte and RMB.

6. This market needs time, and the recent trend is not as good as the precious metal market

8. Bitcoin is a kind of electronic currency, digital currency, which is proced by open-source P2P software. It is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Abbreviated: BTC
bitcoin does not rely on specific currency institutions to issue, it is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized characteristics and algorithms of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin by mass manufacturing
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
bitcoin, Ethereum, bitcash, EOS, REBO, etc. are the mainstream digital currencies, which can be properly invested. All transactions have risks. You can invest cautiously. You can search online for fire coin, coin security, OK, dobby trading platforms, etc. all of which can trade bitcoin. These are relatively large trading platforms, investing in mainstream digital currencies, and Don't invest in counterfeit money or air money.

9. Impossible. Now the Hong Kong Stock Exchange has no plan to list the virtual currency

10. It's fake. Don't believe it. This is a Ponzi scheme on the Internet