From the course: Practical Blockchain and Cryptocurrency

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Mining Litecoins and Monero

Mining Litecoins and Monero - Blockchain Tutorial

From the course: Practical Blockchain and Cryptocurrency

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Mining Litecoins and Monero

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- All right, I want to talk about Litecoin mining. So Litecoin is an extremely popular cryptocurrency. It was actually created from Bitcoin. It was a Bitcoin fork, which means that some updates happened to Bitcoin around 2011. And some people, actually, a large majority of people are like, "Hey, you know what? We don't like those updates. We want to like... You know, we don't like change." Kind of like, you know, my two-year-old nephew, he doesn't like any type of change at all. Same thing with these, you know, Litecoin founders or supporters, but of course, they had a very valid reason for not wanting to change. They really liked the way, you know, Bitcoins were working at that time. So they decided, "You know what? Let Bitcoin do its update. We're going to actually freeze the code of how it is, and we're going to make our own cryptocurrency, and that's going to be Litecoin." So Litecoin because of that, because it shares the same foundation of Bitcoins, all the techniques are…

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