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Bitcoin BTC VS Litecoin price VS Shiba Inu SHIB 🔥 Bitcoin price 🔥 Litecoin news 🔥 Shiba inu coin
Bitcoin price 🔥 Litecoin news 🔥 Shiba inu coin 🔥 Bitcoin BTC VS Litecoin price VS Shiba Inu SHIB
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🎁 Bitcoin (BTC): 1FgvskEbTnhfrNhpbM9fQKL6LVAY2i48LE
🎁 Dogecoin (DOGE): D7WdqTRHSK4cBNYjU1bgS4nBsAEZcgZZhQ
🎁 Litecoin (LTC) : LNmdiWSYaaraA2vFWM4HnCPbbYvV18Evyu
⚡ What is Litecoin crypto
An Open Source Peer-To-Peer Digital Currency.
Litecoin (LTC) is a peer-to-peer cryptocurrency powered by the Scrypt Proof-of-Work algorithm. The project aims to provide an alternative to Bitcoin by making modifications to the original Bitcoin Protocol.
A Proof-of-Work algorithm creates a computational challenge to be solved by the network of computers in order to verify a block of transactions. The Scrypt algorithm was developed in 2009 by Colin Percival (Tarsnap Inc.). In contrast with Bitcoin’s SHA-256d, it serves to inhibit hardware scalability by requiring a significant amount of memory when performing its calculations.
This change aimed to reduce the efficiency gain and economic incentive to develop custom hardware such as Application Specific Integrated Circuits (“ASIC”). While this initially prevented ASIC mining, new machines have been more performant than GPU mining, leading to most of LTC mining activities being conducted by ASIC machines (e.g., Antminer L3+).
Litecoin has an average block time of 2.5 minutes, and a total supply of 84 million. The short block time inevitably leads to an increase in orphaned blocks.
⚡ What is shiba inu coin
Shiba Inu (SHIB) is a decentralized cryptocurrency created in 2020 by an anonymous person under the pseudonym Ryoshi.
The SHIB token is an Ethereum-based ERC-20 token that was created as a direct competitor to Dogecoin. The token does not support smart contracts and is not backed by any asset. However, it can be transferred from one user to another.
SHIB is one of many dog-themed cryptocurrencies. However, unlike dogecoin, SHIB is building an entire ecosystem around itself named ShibSwap. As of now, ShibaSwap consists of two tokens: LEASH and BONE.
LEASH was originally a rebase token but the developers recently removed the rebase to increase the potential. It has a total supply of 107,646 tokens, offering different incentives and rewards on ShibaSwap.
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⚡ Our videos ARE NOT financial advice
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
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#btc #litecoin #shibinu
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