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| Litecoin purports to be an alternative crypto-currency.
| | #redirect [[Scrypt proof of work]] |
| The only difference from Bitcoin is replacing the SHA256 proof-of-work with scrypt, making it more vulnerable to attack from rich entities (on the scale of big corporations and governments).
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| Because of this, and the fact that it was created as a Bitcoin ripoff instead of a testnet experiment, some people consider it a scam.
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| Also, since it does not have any logical reason/plan for long-term survival, it logically functions as a pyramid scheme, rewarding early adopters while those getting in at the end are left with nothing.
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| [http://litecoin.org/ Litecoin's website]
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| ==See also==
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| [[Cryptocoin]]
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