Is lettercoin community responsible for letbo
Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< better use of digital currency trading platform coin exchange
data expansion:
lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
is the Wright coin dying? In fact, for many reasons, it is not reliable to say that Leyte currency is extinct or that it has lost its second place in virtual currency. There are also signs that the rumors are coming from other virtual currency supporters, not from the lettercoin community. There are still many advantages to lightcoin, which can make it the second largest virtual currency in the world. Now they need to focus on the miners
one wave is not flat, another wave is rising. This sentence, used to describe the recent state control of electronic tokens such as bitcoin, is appropriate. In fact, since a few years ago, the relevant departments of our country have repeatedly reiterated the risk warning of bitcoin in various public occasions, and the bitcoin market has fluctuated as a result. Even as bitcoin and its similar electronic tokens are still booming, this September, the government's regulatory storm finally came
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first of all, e to the complete decentralization of bookkeeping transactions of bitcoin, this kind of token is inherently a "money laundering weapon", through which all kinds of unsafe illegal transactions can be carried out. It can be said that the existence of this kind of "currency" itself provides great convenience for criminals who have misguided ideas. At the same time, it may also lead to a large loss of foreign exchange and bring serious social risks
in addition, bitcoin may be very valuable today, but because no country or international financial institution is willing to endorse and honor it, its price is not worth any protection. It should be noted that when bitcoin first appeared, 10000 bitcoins could only buy a pizza, but today, one bitcoin can buy several iPhones. Behind such an amazing appreciation rate, It's just as alarming a risk
however, in this case, not only bitcoin investment has become popular in China, but also a variety of similar tokens, such as "lightcoin" and "ether coin", are blooming everywhere. Anyone who develops a blockchain electronic token can immediately get a large sum of money from enthusiastic investors, which is really worrying. It is against this background that the state has chosen to take action this month to vigorously control bitcoin
investment in e-money should be cautious. Do it and cherish it