Hello, I’m a high school student in Korea before.
I have to introduce Litecoin as a school assignment.
Bitcoin and Ripple have white papers that make it easy to know algorithms such as transactions, networks, and proof of work, but Litecoin is hard to find them.
What should I do?
also check out the github
basically the only difference between litecoin and bitcoin is litecoin uses scrypt for block verification instead of sha256 and has a block time of 2.5 minutes rather than 10 minutes
Litecoin has been seen as sort of a “testing ground” for bitcoin
Segregated Witness was tested on litecoin before it was active on bitcoins network
the private and public key pairs are still created using ECDSA algorithm over secp256k1 elliptic curve
and transactions are signed with ECDSA as well
Litecoin just uses a different version number when hashing a public address from a public key which is why Litecoin addresses (Legacy addresses) start with an “L”