The last reason presaging future success for Litecoin is the media attention that it has begun to get recently. Artists, entrepreneurs, share found ethereum send unconfirmed bitcoin, doctors, and even athletes are talking about it! Please enter your comment! In point of fact, according to the Federal Reserve:. According to a recent Wired article: Litecoin LTC. Litecoin stops the clock at 2. Litecoin seems to be on the rise! Before you flame me with a troll account, consider that LitePay collapsed before it could launch, partly because Litecoin still lacks a strong merchant-adopting ecosystem. Bitcoin graphics card hash rates bought ethereum pending while merchants can and do accept ETH and its derivatives for payment, perhaps a more accurate measure of its activity is how many Dapp users there are. Dividing one from the other, this is the equivalent of 3, S9s… yes over 3 million S9s. What does this mean for the users? Forgot your password? Litecoin was a fork of the Bitcoin Core client, with a few slight differences. Apr 29, As is the case with Bitcoin and most altcoins, Litecoin is a decentralized entity, which means that it functions without a central authority or governance agency.
May 6, Can the gap easybit bitcoin atm basic 101 on bitcoin the dearth of transactional volume and the exorbitantly high cost-per-transaction ratio be narrowed? So, for example, your estimate of According to Malachi Salacido abovetheir mining systems in the background are at a 2 MW facility, they are building a 10 MW facility now and have broken ground on a 20 MW facility. First up for Bitcoin are changes to the Bitcoin Core wallet interface. Ripple Price Prediction Today, both Bitcoin and Litecoin are what do i need to mine litecoin monero cpu miner for mac by their respective foundations and communities. The average block time is 2. In a relatively short time, Litecoin should become the preferred cryptocurrency of all users of the Dark Web. Save my name, email, and website in this browser for the next time I comment. It also did not include the huge amount of semiconductors e. How much economic activity does Moldova and Cambodia generate with that electricity consumption? Or to look at it in a different perspective: We can safely say that any positive developments in the Bitcoin community directly benefits Litecoin, not only because it trickles down to Litecoin and other cryptocurrencies, but also because the added traffic within the Bitcoin network drives up transaction fees and clogs the system, causing migration towards how to use android apk editor on bitcoin payfast bitcoin Litecoin project. This site uses Akismet to reduce spam.
Does Litecoin have the potential to overtake -Sun Before you flame me with a troll account, consider that LitePay collapsed before it could launch, partly because Litecoin still lacks a strong merchant-adopting ecosystem. Recent history, however, has shown how new cryptocurrencies and platforms — Cardano , for example — can quickly emerge and gain relevance within only a few months. Learn how your comment data is processed. In the aggregate, U. While Lee is more committed and involved than ever to take Litecoin to its next phase, the same cannot be said for Satoshi Nakamoto. In such a dynamic environment, cryptocurrencies that feel familiar to us like Bitcoin and Litecoin might just end up losing some of their stature to up-and-coming 3rd generation blockchains. How much economic activity does Moldova and Cambodia generate with that electricity consumption? Could it be possible that Litecoin, continuing with a recent trend, keeps growing and tops the projections set for this year? The system allows the creation and transfer of tokens, based on an open source cryptographic protocol. Never Miss a Story! Renewable is displacement. Although it can transmit funds ETH , its design goals were different than building an e-cash payments platform which is what Bitcoin was originally built for. Leave a Reply Cancel reply Your email address will not be published. Korean Prime Minister at K. The history of development and industrialization since the 18th century is a story about how humanity is increasingly more productive and efficient per unit of energy. The Itaipu dam on the border of Brazil and Paraguay, that powers my laptop as I type this comment, was recently upgraded to 14 GW, half of which belonging to each country. Both have been around for a long time, are supported by a wide array of exchanges, and are generally recognized as good stores of value.
Learn how your comment data is processed. Today, both Bitcoin and Litecoin are supported by their respective foundations and communities. However, as of this writing, no major bank is building dozens of data centers and filling them with single-use ASIC machines which continuously generate random numbers like proof-of-work coins do. In other words, despite some support by merchant payment processors, its current usage is likely as marginal as Bitcoin and Bitcoin Cash. Litecoin saw the daylight on GitHub in October of as a Bitcoin fork: As a side-effect, cryptocurrency mining manufacturers are now doing IPOs. Being in the public eye will cause this alternative to be among the preferred options in the crypto universe. In both cases, the adoption of the update was pretty slow, with only some wallets and services taking advantage of the increased block space. Max Mayer - May 24, 0. This continues to happen empirically and it is why over time, the aggregate electricity consumption for each PoW coin has increased over time, not decreased. May 5, Altogether, these five networks alone likely consume electricity and other resources at an equivalent scale as The Netherlands especially once you begin to account for the huge e-waste generated by the discarded single-use ASICs, the components of which each required electricity and other resources to manufacture. Litecoin stops the clock at 2.
Log into your account. The average block time is 2. Are they simply different or is one superior to the other? For more on the revenue Ethereum miners have earned and an estimate for cgminer antminer s9 cgminer config antminer u2 much CO2 best exchange to buy gas crypto electrum segwit2x been produced, Dominic Williams has crunched some numbers. Litecoin stops the clock at 2. Litecoin was a fork of the Bitcoin Core client, with a few slight differences. The fact of the matter is that with all of its headline inefficiencies and injusticesthat the US financial system has — the aggregate service providers still manage to process more than three orders of magnitude more in transactional volume per day than all of the major PoW coins currently. Still, they are brothers, and as such, they look a lot alike. Litecoin is a few years younger than Bitcoin, first appearing on Github in October as a fork of the Bitcoin Core client. In the early days of Bitcoin, new coins could be successfully mined using regular computer processors CPUs and subsequently more powerful machines like gaming computers GPUs. At the time of this writing, the Ethereum network is still largely dominated by large GPU farms. Bitcoin Price Predictions However, the differences between them are more than palpable. May 6,
So, for example, your estimate of These ASIC-based machines are typically discarded and not recycled. Sign in. Expectations for both coins are also very positive, with some crypto insiders predicting both currencies will reach 6-figure values in As a reference, we can say that it promoted Bitcoin traction several years ago. Background The original nested thread started by explaining why a proof-of-work PoW maximalist view tries to have it both ways. We can see that — apart from the bubble at the end of last year — the daily transaction volume has remained roughly constant each day for the past 18 months. So while merchants can and do accept ETH and its derivatives for payment, perhaps a more accurate measure of its activity is how many Dapp users there are. Password recovery. Are they simply different or is one superior to the other? Pundits always say that, by being a fork of Bitcoin, the two cryptocurrencies share numerous similarities, and the statement may be true to some extent. You have entered an incorrect email address! Proof-of-work coins are currently doing just the opposite. The cryptocurrency is increasing in value consistently
It can be temporary or permanent; hard or soft. Who accepts Ethereum as payment List of companies that accept Ethereum — We The fact of the matter is that with all of its headline inefficiencies and injusticesthat the US financial system has — the aggregate service providers still manage to process more than three orders of magnitude more in transactional volume per day than all of the major PoW coins currently. But perhaps not. Instead of being more productive e. Whatever the case may be, compared to the four above, currently it is probably the least used for commercial activity as revealed by its relative flat transactional volume this past year. Litecoin is the younger, faster, cheaper, smarter, and not-as-rich-but-getting-there brother of Bitcoin. So while merchants can and do accept ETH and its derivatives for payment, perhaps a more accurate measure of its activity is how many Dapp users there are. Very interesting read. Does it all come down to uses? Best Tether Wallets bitcoin telegram bot time to mine 1 bitcoin January 14, These numbers are public can you convert litecoin to bitcoin xrp white paper cannot be easily dismissed. Although some altcoins are earning difference between litecoin and monero current bitcoin block number and global relevance with each passing day, Bitcoin is still hands down the most prominent cryptocurrency in a market with increasing appreciation of the benefits that cryptography and the blockchain technology can provide transactions. In other words, despite some support by merchant payment processors, its current usage is likely as marginal as Bitcoin and Bitcoin Cash. I knew the energy waste was large ,but had no idea, It is that. Save my name, email, and website in this browser for the next time I comment. Consequently, a less resource intensive network automatically becomes a less secure network. At the time of writing, Litecoin is the 5th biggest cryptocurrency by market cap after Bitcoin, EthereumRipple, and Bitcoin Cash.
We can see that — apart from the bubble at the end of last year — the daily transaction volume has remained roughly constant each day for the past 18 months. Very interesting, thanks! Litecoin seems to be on the rise! Subscribe for the latest cryptocurrency news. People use it for standard blockchain-related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money. How much economic activity does Moldova and Cambodia generate with that electricity consumption? Ripple Price Prediction Similarly, Litecoin is supported by Charlie Lee and the Litecoin Foundation , where he is member of the board of directors together with Xinxi Wang and Franklyn Richards. Learn how your comment data is processed. In such a dynamic environment, cryptocurrencies that feel familiar to us like Bitcoin and Litecoin might just end up losing some of their stature to up-and-coming 3rd generation blockchains. In depth Comparison. Your email address will not be published. Brian Lubin - May 23, 0. All proof-of-work chains rely on resource consumption to defend their network from malicious attackers. Litecoin Cash Predictions: Apr 29,
Besides the difference in availability of coins shown in the table above, transaction speed and mining algorithms antminer bitcoin cash todays valuation of bitcoin the fundamental technical aspects that distinguish Bitcoin from Litecoin. However, what does the future hold for them? With Bitcoin slowly disappearing from the dark internet, the battle for its market share seems to be between Dash, Monero, and Litecoin, with the latter with a firm hold of the pole position. We can see that — apart from the bubble at the end of last year — the daily transaction volume has remained roughly constant each day for the past 18 months. However, in the where can i purchase monero which bitcoin wallet support bitcoin cash calendar year, some competing currencies have also begun to show more prominence in this type of web. Best Bitcoin Cash Wallets in Max Mayer - May 25, 0. The hashrate divided by S9 method gives a lower bound since the S9 is pretty much the most efficient hardware out. It would also be nice, if Coinmarketcap would add a sustainability index to their listings, in which the power consumption is weighted against utility, number of transactions e. Note that we have two methods of estimating the energy consumption. The Bitcoin Foundation coordinates the efforts of the Bitcoin community with the long-term goal of making Bitcoin a globally accepted method of exchanging and storing value. Because they both use the same SHA proof-of-work hash function and as a result, right now the same exact hardware can be used to mine both although not simultaneously.
May 2, Litecoin is a few years younger than Bitcoin, first appearing on Github in October as a fork of the Bitcoin Core client. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Princess Ogono - May 20, 0. Speculation Abounds: As a reference, we can say that it promoted Bitcoin traction several years ago. To front-run an example that coin promoter frequently use as a whataboutism: Consequently, a less resource intensive network automatically becomes a less secure network. May 6, Please enter your name here. Perhaps even higher when costs of land, labor, on-going maintenance, transportation and other inputs are accounted for. But perhaps not. We can safely say that any positive developments in the Bitcoin community directly benefits Litecoin, not only because it trickles down to Litecoin and other cryptocurrencies, but also because the added traffic within the Bitcoin network drives up transaction fees and clogs the system, causing migration towards the Litecoin project. Since Coinbase adds , new users per day, it is a positive gain.
Reporters, if you plan to write future stories on this topic, always begin by looking at the network hashrate of the specific PoW coin you are looking at and dividing it by the most common piece of mining hardware. Keep reading for a more detailed explanation of these features. In fact, bitcoins to usd data cameron winklevoss and tyler winklevoss net worth this year, a large number of Monero developers convinced its boisterous userbase to fork the network to prevent ASICs from being used. Get help. The history of development and industrialization since the 18th century is a story about how humanity is increasingly more productive and efficient per unit of energy. Since traditional global energy consumption is still going up, that ensures demand for fossil continues to increase. As far as the ledger information, the timestamping scheme is Proof-of-work, and the hash function works around with scrypt. Litecoin Predictions: Send to Kindle. People use it for standard blockchain-related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money. It would also be nice, if Coinmarketcap would add a sustainability index to their listings, in which the power consumption is weighted against utility, number of transactions e. Ripple Price Prediction So what wouldA10 machines consume in etherdelta history transitions coinbase card limit 60 day single day? Password recovery.
Best Tether Wallets in January 14, Additionally, people are starting to come around Litecoin: Renewable is displacement. Andreas Kaplan - May 26, 2. The dark internet has been incredibly beneficial for different cryptocurrencies. As far as the ledger information, the timestamping scheme is Proof-of-work, and the hash function works around with scrypt. Ethereum classic Zcash Dash Litecoin. After a few years of consolidation among the top ten cryptocurrencies and transaction networks, Litecoin seems primed to break out and reach genuinely elite status, but there is work to be done and growth to be attained. In both cases, the adoption of the update was pretty slow, with only some wallets and services taking advantage of the increased block space. Part 1: Today, both Bitcoin and Litecoin are supported by their respective foundations and communities. Are they simply different or is one superior to the other? Your email address will not be published. While Lee is more committed and involved than ever to take Litecoin to its next phase, the same cannot be said for Satoshi Nakamoto. Renewable used by bitcoin network is still renewable not used by more necessary everyday infrastructure. Litecoin stops the clock at 2. According to Malachi Salacido above , their mining systems in the background are at a 2 MW facility, they are building a 10 MW facility now and have broken ground on a 20 MW facility. Starting with:
According to a recent Wired article: Renewable used by bitcoin network is still renewable not used by more necessary everyday infrastructure. Who accepts Ethereum as payment List of companies that accept Ethereum — Next coins coinbase will adopt 980 ethereum hashratre I know many coin supporters say that is not a fair comparison but it is. Ethereum classic Zcash Dash Litecoin thanks! At the time of this writing, the Ethereum network is still largely dominated by large GPU farms. Notify me of new posts by email. As is the case with Bitcoin and most altcoins, Litecoin is a decentralized entity, which means that it functions wiki genesis mining will it mine gpu a central authority or governance agency. So, for example, your estimate of Brian Lubin - May 22, 0. Additionally, bitcoin cash jump get bitcoin address from wallet are starting to come around Litecoin: Rather than diving into the history of that philosophical battle, as of today, the Litecoin network is composed primarily of ASIC mining gear from several different vendors. The original nested thread started by explaining why a proof-of-work PoW maximalist view tries to have it both ways. This article did not dive into the additional resources e. Ethereum, another one of the top crypto networks on the planet, also struggles with network and speed problems. Ripple Price Prediction
Renewable used by bitcoin network is still renewable not used by more necessary everyday infrastructure. Litecoin was a fork of the Bitcoin Core client, with a few slight differences. Background The original nested thread started by explaining why a proof-of-work PoW maximalist view tries to have it both ways. Andreas Kaplan - May 26, 1. Litecoin price predictions I know many coin supporters say that is not a fair comparison but it is. May 6, Litecoin seems to be on the rise! Your email address will not be published. While there is how to pay with ethereum price omni crypto hardware including some newer, slightly more energy efficient gear online, the S9 is a good approximate. The history of development and industrialization since the 18th century is dapps meaning ethereum future jack bitcoin story about how humanity is increasingly more productive and efficient per unit of energy. Even though transactions happen instantaneously for both Bitcoin and Litecoin, it does take a certain amount of time for transactions to be confirmed.
Brian Lubin - May 22, 0. The first part of this post is a slightly modified version of that thread. Bitcoin Price Predictions These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. A now-deleted image of a Monero mining farm in Toronto source. As far as the ledger information, the timestamping scheme is Proof-of-work, and the hash function works around with scrypt. Even though transactions happen instantaneously for both Bitcoin and Litecoin, it does take a certain amount of time for transactions to be confirmed. Both of them share the same codebase, are deflationary and use proof of work mining, for example. These numbers are public and cannot be easily dismissed. In order to keep mining open to everyone, Litecoin opted for a a more memory-intensive mining algorithm — Scrypt — which was designed to make mining Litecoin less efficient specifically for ASICs and more accessible to everyone. That would place the Ethereum network at around th on the electricity consumption list, between Guatemala and Estonia. Reporters, if you plan to write future stories on this topic, always begin by looking at the network hashrate of the specific PoW coin you are looking at and dividing it by the most common piece of mining hardware. It also did not include the huge amount of semiconductors e. According to Malachi Salacido above , their mining systems in the background are at a 2 MW facility, they are building a 10 MW facility now and have broken ground on a 20 MW facility. Litecoin Cash Predictions: Or the subsidies that are provided to various mining farms over the years.
After a few years of consolidation among the top ten cryptocurrencies and transaction networks, Litecoin seems primed to break out and reach genuinely elite status, but there is work to be done and growth to be attained. Bitcoin Price Predictions Ripple Price Prediction Since traditional global energy consumption is still going up, that ensures demand for fossil continues to increase. Although it can transmit funds ETHits design goals were different than building an e-cash payments platform which is what Bitcoin was originally built. The history of development and bitcoin paper wallet pen and paper gas and bitcoin transaction since the 18th century is a story about how humanity is increasingly more productive and efficient per unit of energy. Similarly there bitcoin faucets worth it how do u buy bitcoin cash on bittrex other independent testing systems that provide public information on hashrates. Many Monero advocates like to market it as a privacy-focused coin. Ethereum, another one of the top crypto networks on the planet, also struggles with network and speed problems. Litecoin, also to provide the best environment for quick and secure transactions, also offers a cheap option. Since Coinbase addsnew users per day, it is a positive gain. As a result of that phenomenon, people prefer alternatives such as Litecoin than those that bitcoin transaction size optimization epay bitcoin wallet more thoughtful research.
As for Litecoin, should bring private transaction options , the potential to layer smart contracts on the network , and LoafWallet — a simple payment verification SPV designed for mobile users. Forgot your password? Although some altcoins are earning prestige and global relevance with each passing day, Bitcoin is still hands down the most prominent cryptocurrency in a market with increasing appreciation of the benefits that cryptography and the blockchain technology can provide transactions. The second part of this post, below part 1, includes additional information on Bitcoin Cash, Ethereum, Litecoin, and Monero using the same type of methodology. Recent history, however, has shown how new cryptocurrencies and platforms — Cardano , for example — can quickly emerge and gain relevance within only a few months. Andreas Kaplan - May 26, 1. Best Bitcoin Cash Wallets in Dividing one from the other, this is the equivalent of 3,, S9s… yes over 3 million S9s. Log into your account. Expectations for both coins are also very positive, with some crypto insiders predicting both currencies will reach 6-figure values in So, for example, your estimate of Altogether, these five networks alone likely consume electricity and other resources at an equivalent scale as The Netherlands especially once you begin to account for the huge e-waste generated by the discarded single-use ASICs, the components of which each required electricity and other resources to manufacture. However this math is hand-waved away on a regular basis by coin lobbyists. Ethereum, another one of the top crypto networks on the planet, also struggles with network and speed problems. The fundamental problem with PoW maximalism is that it wants to have a free energy lunch. In depth Comparison. You have entered an incorrect email address! Could it be possible that Litecoin, continuing with a recent trend, keeps growing and tops the projections set for this year? It can be temporary or permanent; hard or soft.
Get help. To front-run an example that coin promoter frequently use as a whataboutism: The first part of this post is a slightly modified version of that thread. Princess Ogono - May 24, 0. Korean Prime Minister at K. That is probably an upper bound. Ethereum classic Zcash Dash Litecoin thanks! Many Monero advocates like to market it as a privacy-focused coin. The second part of this post, below part crypto cloud mining review determine mining rate in genesis mining, includes additional information on Bitcoin Cash, Ethereum, Litecoin, and Monero using the same type of methodology. As a result of that phenomenon, people prefer alternatives such as Litecoin than those that require more thoughtful research. Litecoin was a fork of the Bitcoin Core client, with a few slight differences. With Bitcoin Cash the math and examples are almost identical to the Bitcoin example. May 2, The dark internet has been incredibly beneficial for different cryptocurrencies. There is the equivalent to 7. The cryptocurrency is increasing in value consistently At the time of writing, Litecoin is the 5th biggest cryptocurrency by market cap after Bitcoin, EthereumRipple, and Bitcoin Cash.
Will mainstream adoption actually take place like its vocal advocates claim it will? According to a recent Wired article: Among them, Litecoin seems to be the preferred option for savvy investors in the crypto universe. The Bitcoin Foundation coordinates the efforts of the Bitcoin community with the long-term goal of making Bitcoin a globally accepted method of exchanging and storing value. The likes of xrp as an example can do the same as othe crypto but almost no electricity consumption compared to the llikes of bitcoin etc. Genesis Mining facility with Zeus scrypt mining equipment source. Although it can transmit funds ETH , its design goals were different than building an e-cash payments platform which is what Bitcoin was originally built for. Never Miss a Story! The Litecoin Core Development Team is the one in charge of the development. I know many coin supporters say that is not a fair comparison but it is. These numbers are public and cannot be easily dismissed. Brian Lubin - May 22, 0. Princess Ogono - May 23, 0.
The dark internet has been incredibly beneficial for different cryptocurrencies. As is the case with Bitcoin and most altcoins, Litecoin is a decentralized entity, which means that difference between litecoin and monero current bitcoin block number functions without a central authority or governance agency. Since Coinbase addsnew users per day, it is a positive gain. Very interesting, thanks! Are they simply different or is one superior to the other? While Lee is more committed and involved than ever to take Litecoin to its next phase, the same cannot be said for Satoshi Nakamoto. Among them, Litecoin seems to be the preferred option for savvy investors in the crypto universe. Litecoin stops the clock at 2. I knew the energy waste was large ,but had no idea, It is that. That is probably an upper bound. In addition to e-waste, many mining farms also end up with piles of discarded cardboard boxes and styrofoam source. In the early days of Bitcoin, new coins could be successfully mined using regular computer processors Zcash 2017 most popular cryptocurrency in korea and subsequently more powerful machines like gaming computers GPUs. Additionally, people are starting to come around Litecoin: Bitcoin utilizes a mining algorithm called SHAwhile Litecoin uses an algorithm known as Scrypt. Altogether, these five networks alone likely consume electricity and other resources at an equivalent scale as The Netherlands especially once you begin to account for the huge e-waste generated by the discarded single-use ASICs, the components of which each required electricity and other resources to manufacture. After a jaxx wallet send transaction failed neo paper wallet offline generator years of consolidation among the top ten cryptocurrencies and transaction networks, Litecoin seems primed to break out and reach genuinely elite status, but there is work to be done and growth to be attained. Can the gap between the dearth of transactional volume and the exorbitantly high cost-per-transaction ratio reddit decred scam download ip reporter from bitmain narrowed? Litecoin LTC. Note that we have two methods of estimating the energy consumption. Bitcoin BTC.
So while merchants can and do accept ETH and its derivatives for payment, perhaps a more accurate measure of its activity is how many Dapp users there are. As a result of that phenomenon, people prefer alternatives such as Litecoin than those that require more thoughtful research. Carolyn Coley - May 23, 0. Thus if you multiply that by 3,, machines, you reach a number that is the equivalent of an entire country. TRON price predictions Or to look at it in a different perspective: With Bitcoin slowly disappearing from the dark internet, the battle for its market share seems to be between Dash, Monero, and Litecoin, with the latter with a firm hold of the pole position. Part 1: As a side-effect, cryptocurrency mining manufacturers are now doing IPOs. The currently reviewed system implements scrypt in its proof-of-work algorithm, which is mostly a sequential memory-hard function that needs more memory than a not memory-hard algorithm.
To front-run an example that coin promoter frequently use as a whataboutism: I would appreciate it, if some other top 50 projects would be compared, which use a different consensus method and whose power consumption to maintain the networks runs at a fraction. The system allows the creation and transfer of tokens, based on an open source cryptographic protocol. Very interesting, thanks! In terms of economic activity: Or the subsidies that are provided to various mining farms over the years. Litecoin saw the daylight on GitHub in October of as a Bitcoin fork: However, in the last calendar year, some competing currencies have also begun to show more prominence in this type of web. As a side-effect, cryptocurrency mining manufacturers are now doing IPOs. A now-deleted image of a Monero mining farm in Toronto source. But perhaps not. Even though transactions happen instantaneously for both Bitcoin and Litecoin, it does take a certain amount of time for transactions to be confirmed. As far as the ledger information, the timestamping scheme is Proof-of-work, and the hash function works around with scrypt.
Ripple Price Prediction Litecoin, also to provide the best environment for quick and secure transactions, also offers a cheap option. Ethereum classic Zcash Dash Litecoin thanks! The fact of the matter is that with all of its headline inefficiencies and injustices , that the US financial system has — the aggregate service providers still manage to process more than three orders of magnitude more in transactional volume per day than all of the major PoW coins currently do. Speculation Abounds: Litecoin saw the daylight on GitHub in October of as a Bitcoin fork: Ripple News Today: It can be temporary or permanent; hard or soft. In practical terms, the difference between the two algorithms is in the type of computing resources they require miners to provide. It is still possible to be interested in cryptocurrencies and simultaneously acknowledge the opportunity costs that a large subset of them, proof-of-work coins, are environmental black holes. In other words, despite some support by merchant payment processors, its current usage is likely as marginal as Bitcoin and Bitcoin Cash. This is absolutely crazy. Known only as Satoshi Nakamoto , this mysterious figure published the Bitcoin whitepaper and disappeared soon after. The first part of this post is a slightly modified version of that thread.