स्क्रिप्ट

Scrypt miner algorithm miners carry out the computations based on proof-of-work. Scrypt algorithm is better than other proof-of-work algorithms like SHA-256 because it requires much energy and offers lower transaction fees, which is a mark of profitability.

अधिक वाचा

The scrypt algorithm is very easy to use when compared to other ones. It utilizes potent graphics processing units (GPUs). Miners earn rewards in the form of newly minted coins while also contributing to the security and integrity of the cryptocurrency network by solving these puzzles. The scrypt algorithm is primarily associated with cryptocurrencies like Lite coin, Dogecoin and Einsteinium. For better outputs, miners use scrypt with these cryptocurrencies.

Litecoin (LTC) म्हणजे काय?

Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.

To learn more about this project, check out our deep dive of Litecoin.

The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

Litecoin 7 ऑक्टो. 2011 रोजी GitHub वर ओपन-सोर्स क्लायंटद्वारे रिलीझ करण्यात आले आणि Litecoin नेटवर्क पाच दिवसांनंतर ऑक्टोबर 13, 2011 रोजी लाइव्ह झाले. तेव्हापासून, व्यापार्‍यांमध्ये त्याचा वापर आणि स्वीकृती या दोन्ही बाबतीत स्फोट झाला आहे आणि त्याची गणना झाली आहे. मार्केट कॅपिटलायझेशनद्वारे त्याच्या अस्तित्वातील बहुतेक दहा क्रिप्टोकरन्सींमध्ये.

क्रिप्टोकरन्सी चार्ली ली या गुगलच्या माजी कर्मचार्‍याने तयार केली होती, ज्याचा लाइटकॉइनला "बिटकॉइनची लाइट आवृत्ती" बनवण्याचा हेतू होता, ज्यामध्ये त्यात बिटकॉइनसारखेच गुणधर्म आहेत—जरी वजनाने हलके असले तरी.