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Difference between Litecoin , Bitcoin Litecoin Wiki. com For proof of work, Bitcoin makes use of highly parallel SHA 256 hash function; therefore mining Bitcoins is very parallel task. Litecoin makes use of scrypt which is difference from SHA 256 for its proof of work.
A softfork is a change to the bitcoin protocol wherein only previously valid blocks transactions are made invalid. Since old nodes will recognise the new blocks as valid, a softfork is backward compatible.
Comparison between Litecoin , Bitcoin Alternative. Litecoin Wiki 20 Jun 2015 Litecoin uses scrypt for its proof of work algorithm, SHA 256d as a subroutine.
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Litecoin is an alternative cryptocurrency based on Bitcoin. It differs from Bitcoin in that it targets a faster block rate2. 5 minutes) , uses scrypt for the primary hashing done in mining.
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