Hashing algorithm Litecoin

Litecoin Wiki

Litecoin information

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.

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.

  • Website:
  • Maximum Supply: 84,000,000
  • Algorithm: Scrypt
  • Mining: GPU
  • Pre-Mine: 150 LTC
  • Block Reward: 50 LTC
  • Block Halving: Every 4 Years (840,000 blocks)
  • Difficulty Target-Time: 3.5 Days
  • Block Confirmations: 6 Network Confirmations

  • Total Pages 125
    Facebook Likes 40572
    Twitter Followers 21858
    Reddit Subscribers 20837
    Average Users Online 24
    Average New Hot Posts Per Hour 0.4
    Average New Comments on Hot Posts Per Hour 8.42
    Code Repository Stars 954
    Subscribers 240
    Forks 698
    Issues 94
    Merged Pull Requests 24
    Contributors 13


If you find this information helpful, please don't hesitate to donate:
Bitcoin adres: 199qweKqSzryPJsVi5n3iazuM8nLDFXBvo
Dogecoin adres: D5cFbKHSJwmL3V7TVM84dL2EAf35SAV7Di
Litecoin adres: LcXzbhN88EUAc44b8YYt5gD6Q3PPf2buxQ

or donate directly: