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If bitcoin were to try calculations needed for scrypt and require significant updates to the code that everyone on the circuit boards.

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open.icon-connect.org � pulse � litecoin-silver-bitcoins-gold-david-mcneal. The crypto community considers Litecoin a kind of digital silver, a more affordable and accessible store of value than Bitcoin's digital gold. Litecoin was launched with the aim of being the "silver" to Bitcoin's "gold." Like Bitcoin, Litecoin is a peer-to-peer internet currency. It is.

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Initially, the core machinery used for Bitcoin mining relied on a central processing unit CPU , which you can think of as the backbone of a regular computer, more or less. It can also be viewed as a store of value or as a component of a diversified crypto portfolio. Article Sources.