This justifies LTC as a great choice of cryptocurrency to mine. LTC's supply is capped at 84 million, and there are about 66.5 million coins in circulation today. The reward for validating transactions on the Litecoin network is earned in Litecoin (LTC) – 12.5 LTC per block. The cryptocurrency uses the Scrypt protocol, which makes it easy to mine using GPUs.
#Currency compare bitcoin code
Litecoin is a hard fork of Bitcoin, meaning it uses the same source code and algorithm as BTC. ETH has remained the second most valuable cryptocurrency after Bitcoin for almost the entirety of its existence. The use cases of the Ethereum network have catalysed the growth in value of its native coin, Ether (ETH). For example, users can run applications on the network–called decentralized apps (dApps) without the possibility of fraud, censorship or downtime. The Ethereum blockchain network offers more functionality than BTC. You need powerful graphics processing units (GPUs) to solve difficult computations and get rewarded. EthereumĮthereum mining requires great processing power. So far, 18.6 million BTC coins have been mined, and the limit is 21 million. PoW entails solving complex mathematical problems, a task that gets harder after every new block. A single block of the Bitcoin blockchain is about 1 megabyte (MB) in size, and it is created via Proof of Work (PoW).
Many more cryptocurrencies came after that–amounting to 8,389 at the time of writing–but Bitcoin remains dominant, where it occupies 67.1% of total cryptocurrency value. Bitcoinīitcoin (BTC) was first released in 2009 by Satoshi Nakamoto. In this section, we discuss popular cryptocurrencies that you can mine.
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