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Litecoin Was Built to Use the Scrypt Algorithm with a Proof of Work Consensus. ... - Latest Tweet by Litecoin
The latest Tweet by Litecoin states, 'Litecoin was built to use the Scrypt algorithm with a proof of work consensus. Scrypt is more cost, power-efficient and accessible, than the SHA-256 algorithm. Giving a lower barrier to entry, allowing more individuals to participate thus enhancing decentralization.âš¡'
Litecoin was built to use the Scrypt algorithm with a proof of work (PoW) consensus. Scrypt is more cost, power-efficient and accessible, than the SHA-256 algorithm. Giving a lower barrier to entry, allowing more individuals to participate thus enhancing decentralization.âš¡ pic.twitter.com/ABaM8ttKJa— Litecoin (@litecoin) February 19, 2023
(The above story first appeared on LatestLY on Feb 19, 2023 09:33 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
