|Coin Proof||Proof of Work|
The Litecoin Project was conceived and created by Charles Lee with support of members in the Bitcoin community. It was pre-announced and was launched on October 13th, 2011.
Based on Bitcoin’s peer-to-peer protocol, Litecoin brings a number of features viewed by its development team as improvements over Bitcoin’s implementation.
The main feature is use of Scrypt as its proof-of-work algorithm. A proof-of-work algorithm creates a computational challenge to be solved by the network of computers in order to “certify” a “block” of transactions.
Scrypt was developed in 2009 by Colin Percival of Tarsnap Inc., and –in contrast with Bitcoin’s SHA-256d– serves to inhibit hardware scalability by requiring a significant amount of memory when performing its calculations. - source
Litecoin Core v0.16.2 RC1 released! Minor release, please test thoroughly t.co/CkwLlroro1
Litecoin Core v0.16.0 released! All users are advised to upgrade. t.co/OKeQbrAnIs
Litecoin Core v0.15.1 released! All users are advised to upgrade. t.co/PpURY5cD2h