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Litecoin
Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was the second cryptocurrency starting in October 2011. In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase. The practical effects of those codebase differences are lower transaction fees, faster transaction confirmations, and faster mining difficulty retargeting. Due to its underlying similarities to Bitcoin, Litecoin has historically been referred to as the "silver to Bitcoin's gold."Ismail, Ashiana. "Permissioned blockchains for real world applications." PhD diss., 2020. In 2022, Litecoin added optional privacy features via soft Fork (blockchain), fork through the MWEB (MimbleWimble extension block) upgrade. History Pre-Litecoin By 2011, Bitcoin mining was largely General-purpose computing on graphics processing units, performed by GPUs. This raised conc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charlie Lee (computer Scientist)
Charlie Lee is a computer scientist, best known as the creator of Litecoin. He serves as the managing director of the Litecoin Foundation. Early life Lee was born in Ivory Coast, moved to the United States at the age of 13, and graduated from high school in 1995. He graduated from the Massachusetts Institute of Technology with bachelor's and master's degrees in computer science in 2000. Lee's brother, Bobby C. Lee, is the founder and CEO of cryptocurrency exchange BTC China. Career For a decade in the 2000s, Lee worked for Google. His work for the company included writing code for ChromeOS. In 2011, Lee became interested in Bitcoin. In October 2011, he released Litecoin on Bitcointalk. He had written the blockchain technology based on Bitcoin in his spare time while employed at Google. He released Litecoin to the public after mining only 150 coins. Lee has stated that he did not intend to compete with Bitcoin but meant Litecoin to be used for smaller transactions. In Jul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scrypt
In cryptography, scrypt (pronounced "ess crypt") is a password-based key derivation function created by Colin Percival in March 2009, originally for the Tarsnap online backup service. The algorithm was specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory. In 2016, the scrypt algorithm was published by Internet Engineering Task Force, IETF as RFC 7914. A simplified version of scrypt is used as a proof-of-work scheme by a number of Cryptocurrency, cryptocurrencies, first implemented by an anonymous programmer called ArtForz in Tenebrix and followed by Fairbrix and Litecoin soon after. Introduction A password-based key derivation function (password-based KDF) is generally designed to be computationally intensive, so that it takes a relatively long time to compute (say on the order of several hundred milliseconds). Legitimate users only need to perform the function once per operation (e.g., authentication), a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records are stored in a digital ledger or blockchain, which is a computerized database that uses a consensus mechanism to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. The two most common consensus mechanisms are proof of work and proof of stake. Despite the name, which has come to describe many of the fungible blockchain tokens that have been created, cryptocurrencies are not considered to be currencies in the traditional sense, and varying legal treatments have been applied to them in various jurisdictions, including classification as commodities, securities, and currencies. Cryptocurrencies are generally viewed as a distinct asset class in practice. The first cryptocu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dogecoin
Dogecoin ( or , Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. It is considered both the first " meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of Kabosu from the " doge" meme as its logo and namesake.''A History of Dogecoin'' . Dogecoin Analysis Report. Social Science Research Network (SSRN). Accessed December 28, 2017. It was introduced on December 6, 2013, and quickly developed its own |
Fork (blockchain)
In blockchain, a fork is defined variously as: * "What happens when a blockchain diverges into two potential paths forward", * "A change in protocol", or * A situation that "occurs when two or more blocks have the same block height". Forks are related to the fact that different parties need to use common rules to maintain the history of the blockchain. When parties are not in agreement, alternative chains may emerge. While most forks are short-lived some are permanent. Short-lived forks are due to the difficulty of reaching fast consensus in a distributed system. Whereas permanent forks (in the sense of protocol changes) have been used to add new features to a blockchain, they can also be used to reverse the effects of hacking such as the case with Ethereum and Ethereum Classic, or avert catastrophic bugs on a blockchain as was the case with the bitcoin fork on 6 August 2010. The concept of blockchain technology was first introduced in 2008 by an unknown person or group of pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coinbase
Coinbase Global, Inc. is an American cryptocurrency exchange. It was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has over 100 million users, and is the largest U.S. based cryptocurrency exchange as well as the world's biggest bitcoin custodian, as of 2024. The company operates in more than 100 countries and holds over $400 billion in assets, including nearly 12 percent of all bitcoin in existence and 11 percent of all staked Ether. Coinbase offers a range of cryptocurrency products and services tailored for retail investors, institutional clients, businesses, and software developers. It operates as a remote-first company with no physical headquarters. History 2012–2019: founding and early years Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Armstrong enrolled in the Y Combinator startup incubator program and received a US$150,000 cash infusion. Fred Ehrsam, a former Goldman Sachs trader, later joined as a co-fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proof-of-work
Proof of work (also written as proof-of-work, an abbreviated PoW) is a form of Cryptography, cryptographic proof (truth), proof in which one party (the ''prover'') proves to others (the ''verifiers'') that a certain amount of a specific computational effort has been expended. Verifiers can subsequently confirm this expenditure with minimal effort on their part. The concept was first implemented in Hashcash by Moni Naor and Cynthia Dwork in 1993 as a way to deter denial-of-service attacks and other service abuses such as spam (electronic), spam on a network by requiring some work from a service requester, usually meaning processing time by a computer. The term "proof of work" was first coined and formalized in a 1999 paper by Markus Jakobsson and Ari Juels. The concept was adapted to digital tokens by Hal Finney (computer scientist), Hal Finney in 2004 through the idea of "reusable proof of work" using the 160-bit secure hash algorithm 1 (SHA-1). Proof of work was later popularized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support E-commerce payment system, online money transfers; it serves as an electronic alternative to traditional Banknote, paper methods such as cheque, checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users, for which it charges an international addition bank charges fee. Established in 1998 as Confinity, PayPal went public through an initial public offering, IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay corporate spin-off, spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 Fortune 500, ''Fortune'' 500 of the largest United States corporations by revenue. Since 2023, PayPal is a member of the MACH Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BTC-e
BTC-e was a cryptocurrency exchange primarily serving the Russian market, with servers located in the United States. The U.S. government seized their website and funds in 2017. It was founded in July 2011 by Alexander Vinnik and Aleksandr Bilyuchenko, and as of February 2015 handled around 3% of all Bitcoin exchange volume. The platform was eventually taken over by Russian Orthodox oligarch Konstantin Malofeev, and funds from BTC-e were used for the war in Donbas, under the control of the FSB. It was a component of the CoinDesk ''Bitcoin Price Index'' since the index's September 2013 formation. BTC-e was operated by Always Efficient LLP, which was registered in London and was listed as having two officers (Sandra Gina Esparon and Evaline Sophie Joubert) and two people with significant control: Alexander Buyanov and Andrii Shvets. The US Justice Department attempted to close down BTC-e on 26 July 2017, when they charged Vinnik and BTC-e in a 21-count indictment for operati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Client (computing)
is a computer that gets information from another computer called server in the context of client–server model of computer networks. The server is often (but not always) on another computer system, in which case the client accesses the service by way of a network. A client is a program that, as part of its operation, relies on sending a request to another program or a computer hardware or software that accesses a service made available by a server (which may or may not be located on another computer). For example, web browsers are clients that connect to web servers and retrieve web pages for display. Email clients retrieve email from mail servers. Online chat uses a variety of clients, which vary on the chat protocol being used. Multiplayer video games or online video games may run as a client on each computer. The term "client" may also be applied to computers or devices that run the client software or users that use the client software. A client is part of a cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General-purpose Computing On Graphics Processing Units
General-purpose computing on graphics processing units (GPGPU, or less often GPGP) is the use of a graphics processing unit (GPU), which typically handles computation only for computer graphics, to perform computation in applications traditionally handled by the central processing unit (CPU). The use of multiple video cards in one computer, or large numbers of graphics chips, further parallelizes the already parallel nature of graphics processing. Essentially, a GPGPU pipeline is a kind of parallel processing between one or more GPUs and CPUs that analyzes data as if it were in image or other graphic form. While GPUs operate at lower frequencies, they typically have many times the number of cores. Thus, GPUs can process far more pictures and graphical data per second than a traditional CPU. Migrating data into graphical form and then using the GPU to scan and analyze it can create a large speedup. GPGPU pipelines were developed at the beginning of the 21st century for graphic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GitHub
GitHub () is a Proprietary software, proprietary developer platform that allows developers to create, store, manage, and share their code. It uses Git to provide distributed version control and GitHub itself provides access control, bug tracking system, bug tracking, software feature requests, task management, continuous integration, and wikis for every project. Headquartered in California, GitHub, Inc. has been a subsidiary of Microsoft since 2018. It is commonly used to host open source software development projects. GitHub reported having over 100 million developers and more than 420 million Repository (version control), repositories, including at least 28 million public repositories. It is the world's largest source code host Over five billion developer contributions were made to more than 500 million open source projects in 2024. About Founding The development of the GitHub platform began on October 19, 2005. The site was launched in April 2008 by Tom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
