new ways to make you - and the world around you - smarter. Litecoin followed in 2011. Cnet Magazine : Check out a sampling of the stories you'll find in cnet's newsstand edition. Litecoin, and because Scrypt is less mathematically complex than SHA-256, Litecoin mining is way faster than bitcoin mining. For the purposes of introducing some of the prevailing concepts behind the growing population of cryptocurrencies, we'll take a closer look at the technologies behind Litecoin and Ethereum, how they compare to bitcoin and what they each bring to the table for prospective investors, miners.
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It has a capacity for faster transactions - a potential advantage in and of itself, which also provides for a different set of use cases than identify forex channels bitcoin. Initial coin offerings, explained : How can this possibly be a legitimate way to raise money? And these are not rinky-dink startups - we're talking about major technology players like Intel and Microsoft and financial behemoths like JP Morgan and Credit Suisse. In fact, a group of companies and universities has formed a nonprofit expressly to legitimize Ethereum; promote it as an open-source platform and not a commercial enterprise per se; and develop and support those applications that run. Participants who consume computing power pay for it with tokens, called Ether; those who contribute processing power can earn them.