Third, the Litecoin has a function that simplifies and reduces the energy necessary to perform the mining of the cryptocurrency called Scrypt proof of work. Among the main similarities between ...

Litecoin’s use of the Scrypt algorithm makes it significantly less energy-intensive compared to Bitcoin’s SHA-256. This difference in algorithm design reduces the computational power required ...

Both use proof-of-work (PoW) consensus mechanisms, but Litecoin utilizes a different algorithm called Scrypt, compared to Bitcoin’s SHA-256. The Scrypt algorithm is more memory-intensive and was ...