Zhu Jun, deputy director of the Communications Development Department of the Ministry of Industry and Information Technology, pointed out that we must first grasp the principles of market orientation, reform promotion, demand guidance, and orderly security, and vigorously promote the deep integration of industrialization and informationization.
The specific measures are as follows:
One is to implement the "Broadband China" strategy and accelerate the construction and upgrading of network communications infrastructure, which is the basis for the growth of information consumption.
The second is to accelerate the "information benefit the people" project and establish a public information service platform.
The third is to enrich information products and information consumption content.
The fourth is to build a safe and reliable information consumption environment. Through the above efforts, in the three years after the "Twelfth Five-Year Plan", the average annual growth of information consumption can be achieved by more than 20%, and the transaction volume of e-commerce will also increase significantly.
Litecoin (LTC) is a cryptocurrency created as a fork of Bitcoin in 2011. It uses a hashing algorithm called Scrypt that requires specifically designed mining software and hardware. It is minable, and continues to rank in the top cryptocurrencies for value and trading volume.
Litecoin mining is the process of validating transactions in the blockchain, closing the block, and opening a new one. Litecoin uses the proof-of-work consensus mechanism, which uses computational power to solve the nonce, which is part of the hash, that secures the block. The hash is the alphanumeric sequence of numbers that is encrypted by the hashing algorithm. When the nonce is solved, Litecoin is rewarded.
Litecoin mining became popular in 2011 when Charlie Lee, a software engineer at Google, announced its creation as a Bitcoin fork with modifications intended to help it scale more effectively.
Just like Bitcoin, it can be mined on computers using central processing units and graphics processing units. However, it isn't as profitable or competitive as purchasing an application-specific integrated circuit (ASIC) and joining a mining pool.
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