Litecoin has introduced on its official Twitter account a brand new milestone for the community. The mining hashrate, which is the measure of the computational energy per second used when mining, has set a brand new report excessive of effectively over 850 TH/s.
Excited by the brand new achievement, Litecoin thanked the Dogecoin group in a tweet:
“Litecoin’s mining hashrate has hit an all-time excessive, effectively over 850 TH/s. That is a proof of labor of 850,000,000,000,000 hashes carried out each second by the Litecoin community. Thanks partly to our buddies at Dogecoin, who’re mining along with us to safe each networks.”
Litecoin’s mining hashrate has hit an all-time excessive effectively over 850 TH/s. That is a proof of labor of 850,000,000,000,000 hashes carried out each second by the $Litecoin community!
Thanks partly to our buddies at @dogecoin, who’re mining along with us to safe each networks.🙏 pic.twitter.com/YTRn4s5kFe
— Litecoin (@litecoin) February 16, 2023
Dubbed a “Energy couple,” Dogecoin and Litecoin use Scrypt, a less-complicated hashing algorithm than SHA-256. In consequence, mining Litecoin and Dogecoin is extra environment friendly and quicker than mining Bitcoin.
Dogecoin and Litecoin mining may also be “merged mined,” which signifies that each cash will be produced concurrently with out affecting mining effectivity, because of the utilization of a single algorithm.
As a result of Dogecoin was modeled after Luckycoin, which in flip was based mostly on Litecoin, the 2 have a shared algorithm.
Final yr, hypothesis that Dogecoin may shift to proof of stake surfaced after an announcement made by Ethereum co-founder Vitalik Buterin after the ETH merge. The rumors have been dispelled by Dogecoin builders, who said that there have been no plans to maneuver Dogecoin to POS.
In different information, Bitmain, a number one producer of cryptocurrency mining servers underneath the model Antminer, will host a Twitter area entitled “LTC & Doge: Will the facility couple proceed to trip the wave?” with a $128,000 coupon as a giveaway.