1 billion market capitalization in November 2013. Later in May of the same year, the first Lightning Network transaction was completed through Bitcoin wiki italiano, transferring 0.

In February 2018, the online retailer Alza. Litecoin is different in some ways from Bitcoin. The Litecoin Network aims to process a block every 2. 5 minutes, rather than Bitcoin’s 10 minutes. The developers claim that this allows Litecoin to have faster transaction confirmation. Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Due to Litecoin’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256. Archived from the original on 2014-01-18. Ex-Googler Gives the World a Better Bitcoin”. Crypto-currency bubble continues: Litecoin surpasses billion dollar market capitalization”. Snyke completes first Lightning network payment on Litecoin.