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as consumers often prefer to have transactions in whole units instead of fractions
ROFLMAO - you do realise that appx. 1% of ALL retail transactions happen in "whole units" in the USA - dollars are COMMONLY split into fractions, it's why we HAVE coints.
cent is short for "1% of a dollar", by the way.
I don't see this "whole units" argument as being more than a strawman argument at best.
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Actually this not a bad argument. Let's say you buy something worth $10. You pay 0.0357 BTC or 2.5 LTC.
That's what they mean by fractions. It's easier to remember compared to zero point zero something
okey because Litecoin, however, uses the scrypt algorithm originally named as s-crypt, but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a 'memory hard problem'.
The consequences of using scrypt mean that there has not been as much of an 'arms race' in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm. However, this is soon to change, thanks to companies like Alpha Technologies, which is now taking preorders.
The consequences of using scrypt mean that there has not been as much of an 'arms race' in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm. However, this is soon to change, thanks to companies like Alpha Technologies, which is now taking preorders.
I had to look at the timestamp of this message just to be sure it's from 2015
There were quite a few companies that sold scrypt ASIC devices. Gridseed, KNC Titan, Alcheminer... That started about a year ago, btw But the arms race has come to a halt as most of them have stopped making new ones. But you can get a limited quantity of used ones on Ebay etc... Expect a lot more after the halving
Alpha Tech are either scammers or utterly incompetent. They should have shipped over a year ago, but so far nothing