Post
Topic
Board Altcoin Discussion
Re: Why do they hate Litecoin?
by
EskimoBob
on 10/12/2012, 10:33:52 UTC
1) LiteCoin doesn't bring anything new, it's just a recompile of BitCoin with one changed variable.
Wrong. I think what you were referring was the block generation rate and total.
The most significant difference is the encryption (as in cryptocurrency) algorithm. It's not a variable, it's part of the foundation on which a cryptocurrency is built.

SHA256 used in Bitcoin, Terracoin and few other cryptocoins is property of USA. If only people know what that really means ...

THIS.

US government can claim intellectual property rights to the bitcoin system?!?!?!??!

In cryptography, SHA-2 is a set of cryptographic hash functions (SHA-224, SHA-256, SHA-384, SHA-512) designed by the National Security Agency (NSA) and published in 2001 by the NIST as a U.S. Federal Information Processing Standard. SHA stands for Secure Hash Algorithm.