Litecoin aims to improve Bitcoin, so it has many similarities with Bitcoin. There is a saying in the industry that "Bitkin, Wright Silver". Compared with bitcoin, the total amount of Litecoin is larger and the confirmation speed is faster.
The total amount of Litecoin is four times that of Bitcoin, with 84 million pieces; Its output halved in four years, just like bitcoin; Its * * * knowledge mechanism, like Bitcoin, is a workload proof mechanism (POW); Its blocking time is 2.5 minutes, which is a quarter of that of Bitcoin, and one block is packed every 2.5 minutes; The earliest block prize of Litecoin was 50 Litecoin. Up to now (2065 438+2008 65438+ 10), the block prize of Litecoin is 25 Litecoin, with a circulation of about 54 million.