Litecoin

For those who like to research and follow the fundamentals, there are clear metrics one can look to for the health of a blockchain. Proof of Work gives a number of different metrics that, once understood, give insight and clarity to the workings of that digital network.One such example is difficulty. Litecoin's mining difficulty is continuing to rise, hitting a new all time high again this week. Just two weeks after hitting its previous ATH. As reported by <a href="https://www.litecoin.net/" rel="noopener noreferrer nofollow">the Litecoin Foundation</a>Difficulty is a variable measure of how difficult it is to find a hash below a given target. An important metric for mining and how the truly decentralized Litecoin network controls new coin issuance. The Litecoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. The Difficulty Adjustment is one of the most innovative parts of Litecoin, and assures that no matter how much, or how little hash-power is applied to the network, blocks will always be mined, and coins minted at a known rate.The increase in Litecoin’s mining difficulty can mean the competition for miner rewards is heating up.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c4a8cc7c30e84b60bbea1a40f2355958.jpg">A major reason for this, seems to be historical, and why Litecoin should continue to be a goto for the mining community is ETHs transition from a PoW to PoS. Another is the understanding of how LTC and DOGE are merge-mined together. Giving miners the ability to receive two revenue streams at the same time, increasing their reward.Basically, mining difficulty is a popular metric that is used to describe the average number of hashes required to solve a block and earn mining rewards on the network. The difficulty of mining Litecoin is variable and adapts to the participation on the network. To find out the current difficulty of the Llitecoin network, you can visit <a href="https://www.coinwarz.com/mining/litecoin/difficulty-chart" rel="noopener noreferrer nofollow">CoinWarz</a>.By: <a href="https://c.im/@Bugattij" rel="noopener noreferrer nofollow">Buggatij</a>

Understanding Litecoin's Metrics - Difficulty hitting new ATH

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