Bitcoin development topics (the difference between the Wright currency and Bitcoin in essence)

Blockchain Enthusiast (qq:53016353)

If you have a little knowledge of the Wright coin, you should have heard Lee and others describe it as "bitcoin to silver as gold". So what's the difference between the Wright dollar and bitcoin? There are three major differences:






First, the block generation speed is not the same


Bitcoin generates a chunk every 10 minutes, and the Wright coin LTC generates a chunk every 2.5 minutes. This means that the LiteForex has a faster transaction confirmation efficiency, and Bitcoin transfers sometimes take 1 hours or more to get to the account, but the LiteForex generally takes only 20 minutes to confirm.


Second, the amount of money is not the same


Since the speed of the LiteForex LTC is 4 times times that of Bitcoin, and every chunk of the reward is the same as Bitcoin, the total currency is 4 times times the amount of Bitcoin, which is 84 million tokens, which is higher than the bitcoin output.


Three, mining algorithm is not the same


Bitcoin uses the SHA256 encryption algorithm, the Wright coin uses the script encryption algorithm, compared to, the Wright Coin LTC calculates the amount to be slightly lower than the bitcoin, the mining is easier, also is more suitable for the graphics card (GPU) to carry on the computation, simultaneously, implements the FPGA for the Scrypt (field editable logic gate array) and Asics (ASIC) are more expensive than sha256 used in bitcoin.
From the above 3 point analysis we are not difficult to see, the Wright currency LTC compared to Bitcoin BTC, more light, faster, more pro-populist, on the basis of Bitcoin has been a certain optimization of progress.