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Yep. This is a mistake that a lot of Bitcoin-clones seem to make. Sure Litecoin "needs" less time to gain six confirmations, but you end up with a much lower ul
by nwh 13y ago
Yep. This is a mistake that a lot of Bitcoin-clones seem to make. Sure Litecoin "needs" less time to gain six confirmations, but you end up with a much lower ultimate difficulty. There's extensions on this with alt-coins, where people modify the client to have 10 second block targets and <10 confirmations, which ultimately makes the entire "currency" insecure and worthless.