The short of it is that it's a cryptocurrency just like bitcoin, with a slightly different mining system to allow for faster verification. ASIC miners also apparently can't mine them either, so litecoin adopters are hoping to see more people mining them once ASICs dominate the bitcoin mining market. You can check out more over at the alternative currencies page, or check out reddit.com/r/litecoin for more. I was wondering if anyone else was mining them/interested in them.
Wow, a very useful newbie post. Thanks! 
Topic: Litecoins? (Read 428 times)
I am interested in Litecoin as well as Bitcoin and PPCoin. What would be interesting is a comparison in market capitalisation. And a service that lets you pay in the currency of your choosing.
The short of it is that it's a cryptocurrency just like bitcoin, with a slightly different mining system to allow for faster verification. ASIC miners also apparently can't mine them either, so litecoin adopters are hoping to see more people mining them once ASICs dominate the bitcoin mining market. You can check out more over at the alternative currencies page, or check out reddit.com/r/litecoin for more. I was wondering if anyone else was mining them/interested in them.
So, anyone else getting started with litecoins?
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