Litecoin: Perbedaan antara revisi

By 2011, Bitcoin mining was largely [[General-purpose computing on graphics processing units|performed by GPUs]]. This raised concern in some users that mining now had a high barrier to entry, and that [[Central processing unit|CPU]] resources were becoming obsolete and worthless for mining. Using code from Bitcoin, a new alternative currency was created called ''Tenebrix'' (TBX). Tenebrix replaced the [[SHA-256]] rounds in Bitcoin's mining algorithm with the ''[[scrypt]]'' function,<ref name="elsevier">{{cite book |author=<!--Staff writer(s); no by-line.--> |date=May 5, 2015 |title=Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data |publisher=[[Elsevier]] Science |page= |isbn=9780128023518 |editor-last1=Lee |editor-first1=David}}</ref> which had been specifically designed in 2009 to be expensive to [[Custom hardware attack|accelerate with FPGA or ASIC chips]].<ref>{{cite web|title=scrypt page on the Tarsnap website|url=http://www.tarsnap.com/scrypt.html|access-date=21 January 2014}}</ref> This would allow Tenebrix to have been "GPU-resistant", and utilize the available CPU resources from bitcoin miners. Tenebrix itself was a successor project to an earlier cryptocurrency which replaced Bitcoin's issuance schedule with a constant block reward (thus creating an unlimited money supply).<ref name="elsevier"/> However, the developers included a clause in the code that would allow them to claim 7.7 million TBX for themselves at no cost, which was criticized by users.<ref>{{cite book |last=Deng |first=Robert H. |date= |title=Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1: Cryptocurrency, FinTech, InsurTech, and Regulation |location=United Kingdom |publisher=[[Elsevier]] Science |page= |isbn=9780128104422}}</ref> To address this, [[Charlie Lee (computer scientist)|Charlie Lee]], a [[Google]] employee who would later become Engineering Director at [[Coinbase]],<ref>{{Cite news|url=https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/|title=Litecoin founder Charlie Lee has sold all of his LTC|work=TechCrunch|access-date=2018-08-20|language=en-US|archive-date=2021-02-21|archive-url=https://web.archive.org/web/20210221213913/https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/|url-status=live}}</ref> created an alternative version of Tenebrix called ''Fairbrix'' (FBX).<ref name="WIRED"/> Litecoin inherits the scrypt mining algorithm from Fairbrix, but returns to the limited money supply of Bitcoin, with other changes.

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.<ref>{{cite news|url=http://www.ibtimes.co.uk/articles/525867/20131128/litcoin-value-leaps-100-percent-market-cap.htm|title=Litecoin value leaps 100% in a day as market cap passes $1bn|work=International Business Times, UK Edition|first=Alistair|last=Charlton|date=2013-11-28|access-date=2013-12-16|archive-date=2013-12-03|archive-url=https://web.archive.org/web/20131203023044/http://www.ibtimes.co.uk/articles/525867/20131128/litcoin-value-leaps-100-percent-market-cap.htm|url-status=live}}</ref>{{better source needed|date=April 2021}}