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Litecoin source tree

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Top Related Projects

78,260

Bitcoin Core integration/staging tree

14,419

very currency

Go implementation of the Ethereum protocol

8,857

Monero: the secure, private, untraceable cryptocurrency

4,931

Zcash - Internet Money

Quick Overview

Litecoin is a peer-to-peer cryptocurrency and open-source software project forked from Bitcoin. It aims to provide faster transaction confirmations and improved storage efficiency compared to Bitcoin. Litecoin is often referred to as the "silver to Bitcoin's gold" in the cryptocurrency world.

Pros

  • Faster transaction confirmation times (2.5 minutes on average compared to Bitcoin's 10 minutes)
  • Lower transaction fees compared to Bitcoin
  • More resistant to ASIC mining, promoting decentralization
  • Active development and community support

Cons

  • Lower market capitalization and adoption compared to Bitcoin
  • Less secure network due to lower hash rate
  • Fewer merchants accept Litecoin compared to Bitcoin
  • Faces competition from other alternative cryptocurrencies

Code Examples

Since Litecoin is a cryptocurrency and not a code library, we'll skip the code examples section.

Getting Started

As Litecoin is not a code library, we'll skip the getting started instructions. However, if you're interested in using Litecoin, you can follow these general steps:

  1. Choose a Litecoin wallet (hardware, software, or paper wallet)
  2. Acquire Litecoin through exchanges or peer-to-peer transactions
  3. Use Litecoin for transactions or hold as an investment
  4. Stay informed about Litecoin developments and updates

For developers interested in contributing to the Litecoin project, visit the GitHub repository at https://github.com/litecoin-project/litecoin for more information on building and running the Litecoin Core software.

Competitor Comparisons

78,260

Bitcoin Core integration/staging tree

Pros of Bitcoin

  • Larger and more active development community
  • More extensive testing and security audits
  • Greater network effect and wider adoption

Cons of Bitcoin

  • Slower transaction confirmation times (10 minutes vs 2.5 minutes for Litecoin)
  • Higher transaction fees during network congestion
  • Less flexible mining algorithm (SHA-256 vs Scrypt for Litecoin)

Code Comparison

Bitcoin:

int64_t GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    nSubsidy >>= halvings;
    return nSubsidy;
}

Litecoin:

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    nSubsidy >>= halvings;
    return nSubsidy;
}

The code comparison shows similarities in the block subsidy calculation, reflecting Litecoin's origin as a fork of Bitcoin. Both use similar halving mechanisms, but Litecoin has a shorter block time and different total supply, which are not directly visible in this code snippet.

14,419

very currency

Pros of Dogecoin

  • More active community and wider adoption as a "meme coin"
  • Faster block time (1 minute vs. 2.5 minutes for Litecoin)
  • Inflationary model may encourage spending and circulation

Cons of Dogecoin

  • Less focus on technical innovation compared to Litecoin
  • Higher total coin supply, potentially affecting long-term value
  • Perceived as less serious cryptocurrency due to meme origins

Code Comparison

Dogecoin (scrypt.cpp):

void scrypt_1024_1_1_256(const char *input, char *output)
{
    char scratchpad[SCRYPT_SCRATCHPAD_SIZE];
    scrypt_1024_1_1_256_sp(input, output, scratchpad);
}

Litecoin (scrypt.cpp):

void scrypt_1024_1_1_256(const char *input, char *output)
{
    char scratchpad[SCRYPT_SCRATCHPAD_SIZE];
    scrypt_1024_1_1_256_sp(input, output, scratchpad);
}

Both projects use similar scrypt implementations for their Proof-of-Work algorithms, with minor differences in optimization and implementation details throughout their codebases. Litecoin tends to have more frequent updates and technical improvements, while Dogecoin maintains its core functionality with less frequent major changes.

Go implementation of the Ethereum protocol

Pros of go-ethereum

  • Supports smart contracts and decentralized applications (dApps)
  • Faster transaction processing and lower fees due to Proof-of-Stake consensus
  • More active development community and frequent updates

Cons of go-ethereum

  • Higher complexity and steeper learning curve for developers
  • Larger blockchain size, requiring more storage and resources
  • Potential scalability issues due to network congestion

Code Comparison

Litecoin (C++):

int64_t GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int64_t nSubsidy = 50 * COIN;
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // ...
}

go-ethereum (Go):

func (c *ChainConfig) GetBlockReward(header *types.Header) *big.Int {
    blockReward := ethash.FrontierBlockReward
    if c.IsByzantium(header.Number) {
        blockReward = ethash.ByzantiumBlockReward
    }
    // ...
}

The code snippets demonstrate different approaches to calculating block rewards. Litecoin uses a halving mechanism, while Ethereum adjusts rewards based on network upgrades. go-ethereum's implementation is more flexible, allowing for easier protocol changes.

8,857

Monero: the secure, private, untraceable cryptocurrency

Pros of Monero

  • Enhanced privacy: Utilizes ring signatures and stealth addresses for anonymous transactions
  • Adaptive block size: Allows for scalability and flexibility in transaction volume
  • ASIC-resistant mining algorithm: Promotes decentralization and prevents mining centralization

Cons of Monero

  • Higher resource requirements: More complex cryptography leads to larger blockchain size
  • Less widespread adoption: Fewer exchanges and merchants support Monero compared to Litecoin
  • Regulatory scrutiny: Privacy features may attract more attention from regulators

Code Comparison

Monero (CryptoNight algorithm):

void cn_slow_hash(const void *data, size_t length, char *hash, int variant, int prehashed, uint64_t height)
{
    uint64_t mainloop_num = ITER / 2;
    struct cn_ctx *ctx = (struct cn_ctx *)malloc(sizeof(struct cn_ctx));
    // ... (implementation details)
}

Litecoin (Scrypt algorithm):

void scrypt_1024_1_1_256(const char *input, char *output)
{
    uint32_t X[32];
    uint32_t V[32 * 1024];
    // ... (implementation details)
}

The code snippets showcase the different hashing algorithms used by Monero (CryptoNight) and Litecoin (Scrypt), reflecting their distinct approaches to mining and transaction processing.

4,931

Zcash - Internet Money

Pros of Zcash

  • Enhanced privacy features with zero-knowledge proofs
  • More advanced cryptographic techniques
  • Active development and research in privacy-preserving technologies

Cons of Zcash

  • Higher computational requirements for private transactions
  • Smaller community and market adoption compared to Litecoin
  • More complex codebase due to advanced privacy features

Code Comparison

Zcash (privacy-focused transaction):

CTransaction tx = CreateNewContextualCMutableTransaction(consensusParams, nHeight);
tx.vin.push_back(CTxIn(COutPoint(uint256(), -1)));
tx.vout.push_back(CTxOut(0, CScript() << OP_RETURN));

Litecoin (standard transaction):

CMutableTransaction tx;
tx.vin.push_back(CTxIn(COutPoint(txid, vout)));
tx.vout.push_back(CTxOut(amount, scriptPubKey));

The Zcash code snippet demonstrates the creation of a shielded transaction, which is more complex due to its privacy features. In contrast, the Litecoin code shows a simpler, standard transaction structure.

Zcash focuses on privacy and advanced cryptographic techniques, making it more suitable for users prioritizing transaction confidentiality. Litecoin, being more established and widely adopted, offers simpler transactions and broader market acceptance. The choice between the two depends on the user's specific needs and priorities.

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README

Litecoin Core integration/staging tree

Build Status

https://litecoin.org

What is Litecoin?

Litecoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Litecoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Litecoin Core is the name of open source software which enables the use of this currency.

For more information, as well as an immediately useable, binary version of the Litecoin Core software, see https://litecoin.org.

License

Litecoin Core is released under the terms of the MIT license. See COPYING for more information or see https://opensource.org/licenses/MIT.

Development Process

The master branch is regularly built (see doc/build-*.md for instructions) and tested, but it is not guaranteed to be completely stable. Tags are created regularly from release branches to indicate new official, stable release versions of Litecoin Core.

The https://github.com/litecoin-project/gui repository is used exclusively for the development of the GUI. Its master branch is identical in all monotree repositories. Release branches and tags do not exist, so please do not fork that repository unless it is for development reasons.

The contribution workflow is described in CONTRIBUTING.md and useful hints for developers can be found in doc/developer-notes.md.

The developer mailing list should be used to discuss complicated or controversial changes before working on a patch set.

Developer IRC can be found on Freenode at #litecoin-dev.

Testing

Testing and code review is the bottleneck for development; we get more pull requests than we can review and test on short notice. Please be patient and help out by testing other people's pull requests, and remember this is a security-critical project where any mistake might cost people lots of money.

Automated Testing

Developers are strongly encouraged to write unit tests for new code, and to submit new unit tests for old code. Unit tests can be compiled and run (assuming they weren't disabled in configure) with: make check. Further details on running and extending unit tests can be found in /src/test/README.md.

There are also regression and integration tests, written in Python, that are run automatically on the build server. These tests can be run (if the test dependencies are installed) with: test/functional/test_runner.py

The Travis CI system makes sure that every pull request is built for Windows, Linux, and macOS, and that unit/sanity tests are run automatically.

Manual Quality Assurance (QA) Testing

Changes should be tested by somebody other than the developer who wrote the code. This is especially important for large or high-risk changes. It is useful to add a test plan to the pull request description if testing the changes is not straightforward.

Translations

We only accept translation fixes that are submitted through Bitcoin Core's Transifex page. Translations are converted to Litecoin periodically.

Translations are periodically pulled from Transifex and merged into the git repository. See the translation process for details on how this works.

Important: We do not accept translation changes as GitHub pull requests because the next pull from Transifex would automatically overwrite them again.