Litecoin LTC to Robotina ROX Exchange

Crypto Pair Details: LTC to ROX

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.

Robotina ROX

For the first time in the history, opportunity, technology, as well as legal and social conditions are favourable and ready for the Robotina Platform to step onto the stage. Internet of Things, Blockchain Technology (enabling smart contracts) and Artificial intelligence bring great benefits to users and investors. Connected to the Robotina Platform, an enabling Universe, empowered people will save the electricity by using smart grids in order to save and earn money and reduce the pollution of our planet. We won’t do more, we will just do it smarter! The Robotina Platform will be a vertical, high-tech all-inclusive enabling solution, consisting of connected Internet of Things (IoT) elements (things, processes, data, people) and the Power Platform (PP). It will use Smart Rules, Artificial Intelligence and Blockchain technologies. It will be run in the cloud, available as a service. Robotina Platform and connected IoT will execute thousands of calculations per second. Each calculation will result in a small benefit and a small slice of revenue, which will accumulate every second. At the end of the day, this will become the driving force of the business.

SOURCE: COINGECKO

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