Scrypt

#LITCOIN #blockchain
The LTC coin is short for Litecoin, one of the oldest and most popular cryptocurrencies after Bitcoin. Here is an overview:
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✅ What is Litecoin (LTC)?
Litecoin is a cryptocurrency launched in 2011 by software engineer Charlie Lee, aiming to be the "silver" to Bitcoin's "gold."

Over the past decade, cryptocurrencies have increasingly become part of the global financial system, serving as tools for investment and earning. Among many coins, Dogecoin holds a special place; what started as a joke quickly became something much bigger and transformed into one of the most interesting crypto assets.

Is it possible to mine Litecoin?
Yes, you can. Mining is the process by which new LTC tokens are created and transactions are added to the blockchain. #Litecoin , like #Bitcoin , uses the Proof-of-Work (PoW) algorithm. Unlike Bitcoin, which uses the SHA-256 hashing algorithm, Litecoin uses the #Scrypt algorithm. This difference makes Litecoin mining more accessible to people with consumer-grade hardware, although competition has increased over time with the advent of specialized mining hardware.