In 2009, Satoshi Nakamoto launched bitcoin as the world’s first crypto currency. The code is open, which means that anyone can modify it and freely use it in other projects. Many crypto-currencies have appeared due to the modification of this code with different success rates. Lightweight was announced in 2011 under the slogan of becoming silver as opposed to bitcoin gold. At the time of writing, the light market has the highest market capitalization after bitcoins. Here is a brief briefing on the main differences between these two crypto-currencies.
Like bikkoynam, lighttails are crypto currency, which is created when mining. Lightnights were created in October 2011 by a Google engineer named Charles Lee. The main goal was to improve bitokoyn. The key difference between lightboxes and bitcoins for end users was 2 and a half minutes for generating a block in the case of lightbox instead of ten minutes in bitcoins. In other words, the transaction’s lightbox was 4 times faster. Now Charles Lee works for Coinbase, which is one of the most popular online purses. For lighters and enthusiasts, lightcane is strikingly different from bitcoins due to its working algorithm. Bitcoin in his work uses the SHA-256 hashing algorithm, which requires calculations that can be significantly speeded up by parallel processing. This is the characteristic that created rapid growth and caused the race in ASIC technology, and also created a significant increase in the complexity of mining the crypto currency.
Lightcoyne also uses a script algorithm – originally called s-crypt, but pronounced as a “script.” It also resembles the SHA-256 algorithm, but its calculations are much more orderly than those used in bitcoins. For a script, huge amounts of RAM RAM are suitable, rather than pure processor power. As a result, the script is known as the memory hard problem.
As a result, there is no such frenzied competition in light-boxes, because there is no (yet) ASIC-technology available under this algorithm. However, in the near future the situation may change, thanks to companies like Alpha Technologies. To emphasize the power of hashing, it’s enough to note that at the time of writing the article, the total hashing speed in the bitcoin network is more than 20,000 teaches per second, while for lightnut, this figure is only 95,462 megashes per second. At the moment, assemblies for lightning mining are user PCs with multiple graphics cards. There were times when people could use video cards to run bitcoins, but ASIC brought this method to naught.