Why does Litecoin need more confirmations (Why doesn’t Litecoin have new mining machines)?
Why does Litecoin need more confirmations? According to bitcoinexchangeguide ne
Why does Litecoin need more confirmations? According to bitcoinexchangeguide news, Litecoin (LTC) has recently been considered the “most disruptive and secure” cryptocurrency. Why does Litecoin need more confirmations? After a series of significant upgrades and adjustments since its launch in December 2017, the consensus mechanism of Litecoin has undergone significant changes – transitioning from PoW to PoS and undergoing a hard fork. However, over time, the number of validators has been decreasing, and block producers must store their information in a blockchain.
Why doesn’t Litecoin have new mining machines?
According to CCN’s report, miners have been discussing Litecoin’s issue in the past few months. However, the problem lies not in whether the supply of Litecoin will increase, but because mining new Litecoins requires a significant amount of electricity and computing power to obtain new tokens, making it unnecessary to develop new LTCASIC chips to support the Litecoin network. In addition, there are currently two types of LTCASIC mining machines on the market: Antminer S9 and T1, as well as Litecoin Core (LCG).
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