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surgical steel piercing jewelry wholesale From a point -to -point network similar to Bitcoin, the Litecoin transaction, balance, and distribution are handled through the SCRYPT workload proof of the SCRYPT (when a small hash value is found, a piece will be created. At this time, Litecoin will be It will be issued, and the process of discovery this hash value and the creation block is called "mining"). The issuance rate of Litecoin is based on the equal ratio, which is reduced by half (every 840,000 yuan per block), and eventually reached 84 million LTCs. Different from Bitcoin, the memory dense characteristics of SCRYPT make Litecoin more suitable for "mining" with graphics processor (GPU). FPGA (on -site editing logic door array) and ASIC (special integrated circuit) for SCRYPT are more expensive than SHA256 used by Bitcoin.
Litecoin can currently exchange legal currencies and Bitcoin, mostly through online trading platforms. Revisible transactions (such as transactions using credit cards) are generally not used to buy Latecoin, because Litecoin's transaction is irreversible, so it brings a refund risk. As of April 25, 2013, a Litecoin was worth about $ 3.97 or 0.028 Bitcoin. This makes Litecoin the second largest electronic currency with a market value of about 35,000,000 US dollars.