Litecoin LTC to LINA LINA Exchange

Crypto Pair Details: LTC to LINA

Litecoin LTC

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins. Why Litecoin? Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes. ‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained. As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power. Litecoin Technical Details: The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units. Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

LINA LINA

As a pioneering Blockchain enterprise in Vietnam, our journey begins with the desire to apply technology in solving problems of technological inadequacy in the country's agriculture. Our passion and constant efforts motivated us to rise beyond our expectations. The mission Lina Network chases after is applying transparent technology in connecting humans and providing practical solutions for the society. At Lina Network, we believe digital transformation provides great value for life, thereby it is an indispensable tendency in this day and age. We expand our projects in multi-industry such as produce traceability, supply chain, health-care and e-government, etc… with the aim of finding only right answers for all drawbacks and creating positive changes in our society. Lina Network Ecosystem We develop projects that are inextricably linked to one another to form an ecosystem which gives facilities for approaching urgent issues in society from different aspects. · Lina Review - The world’s first transparent review platform. · Lina FarmTrust - Produce traceability and farm management built on Blockchain. · Lina Market - An agricultural e-commerce platform, connects manufacturers and consumers. · Lina MediTrust - An electronic health record storage and management system. · Lina e-Government - A platform that digitizes all information of citizens, verified by the government. Lina Network’s Potentials: · A multinational corporation with members from different countries across the world such as Switzerland, Germany, United States, Australia, New Zealand, Japan, Thailand, Vietnam, etc… · A leading enterprise in Vietnam that deploys modern technologies such as Blockchain, Big Data and AI. · Lina Network ecosystem consists of projects that are inextricably linked to provide transparent solutions and build trust for society.

SOURCE: COINGECKO

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