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Litecoin makes use of Colin Percival's (cperciva) excellent scrypt hashing library to make mining on commodity CPU/GPU's feasible and therefore non-competitive

by Ixiaus 14y ago

Litecoin makes use of Colin Percival's (cperciva) excellent scrypt hashing library to make mining on commodity CPU/GPU's feasible and therefore non-competitive with BitCoin mining (you can mine both at the same time). That's its primary plus; other plusses are quicker confirmation times and a larger number of coins to be generated (the reward is halved every 840,000 blocks).

kaoD 14y ago
The downside: lower security (tradeoff for confirmation speed).
nwh 14y ago
> quicker confirmation times As the block time is half that of BTC, you need twice as many to gain the same stable blockchain. The confirmation time is the same.