Litecoin LTC to TouchCon TOC Exchange

Crypto Pair Details: LTC to TOC

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.

TouchCon TOC

Tobigca is the world’s first hyperledger based social casino platform. It is a uniquely competitive online social casino platform with already up and running game contents, supported by highly efficient proprietary blockchain technology. In addition to integrating its game contents with blockchain technology, Tobigca’s team has structured the proprietary cryptocurrency ecosystem, best-suited for online social casino business, benefiting all participant in its ecosystem. Active participation is encouraged, as the reward system is designed and applied in line with the level of participants’ participation. Basically, the more participation leads to the more benefits. Tobigca plans to add more social casino game contents to complete the full-fledged social casino platform. Uniquely competitive two-tier blockchain-based (World Node/Game Node) game system : Tobigca has designed two-tier smart contract system to facilitate speedy, stable and safe game play environment. Highly rewarding proprietary cryptocurrency ecosystem : Tobigca has structured its proprietary ecosystem based upon smart contract to ensure transparent dividend policy. In addition, Tobigca’s dividend policy features extra benefits for more active participants in its ecosystem. Simply put, the more you participate, the more benefits you get!

SOURCE: COINGECKO

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