Sentences with phrase «block generation time»

Litecoin offered decrease block generation time of 2.5 minutes compared with 10 minutes for Bitcoin.

Technically, PotCoin is almost identical to Litecoin, with just a few differences: a shorter block generation time, quicker halving schedule, and a higher maximum number of coins.

It also shares many other aspects with Bitcoin, with the primary difference being its decreased block generation time compared to Bitcoin.

The source code itself was a fork off of the Bitcoin Core Client with a few notable changes and improvements such as decreased block generation time, utilizing different hashing algorithms and decreasing the time needed to process payments.

[7] It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA - 256), and a slightly modified GUI.

While inspired by and technically nearly identical to Bitcoin, Litecoin has some minor differences: primarily a decreased block generation time (2.5 minutes rather than Bitcoin's 10 minutes), an increased maximum number of coins, a different hashing algorithm, and a slightly modified user interface.

Litecoin's block generation time is quicker than Bitcoin's, therefore transactions are quicker.

The block generation time for Bitcoin is 10 minutes and has been steadily increasing with periods hitting as high as 2,548 minutes.

The design of a specific smart contract must comply with the limits blockchain network, such as block size, data design, processing interval and block generation time.