Litcoin vs Bitcoin --The proof of Work Algorithm

Bitcoin and litecoin use a “proof of work” algorithm during the mining process, which helps safeguard and deter attacks and abuses of the cryptocurrency networks. The algorithm rewards people when their minning hardware solves complicated puzzles that validate transaction and release new coins into the system.

Bitcoin uses the SHA-256 algorithm, which favors processing power to mine the cryptocurrency. Litecoin uses the “scrypt algorithm,” whichh favors high-speed random access The memory instead of processing power...

Another key differentiator is that the scrypt algorithm can be used on computers that are less powerful, making it possible for people to get started mining Litecoin on personal computers, saving the expense and learning curve of purchasing a specialized mining computer.,,,,

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