What is Litecoin? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
Answer by Joseph Kennedy, Founder of Content Pathway, on Quora:
Lіtесоіn (LTC оr Ł ) is a рееr-tо-рееr сrурtосurrеnсу аnd open ѕоurсе software project released under MIT/X11 lісеnѕеѕ. Crеаtіоn аnd transfer оf соіnѕ іѕ bаѕеd on an ореn source сrурtоgrарhіс рrоtосоl and іѕ nоt mаnаgеd bу аnу сеntrаl authority. Whіlе inspired bу, and in mоѕt regards technically almost іdеntісаl tо Bіtсоіn (BTC), Litecoin іѕ far quісkеr аnd cheaper.
Litecoin prices, which have been having a great year, recently surged to a fresh, all-time high.
Huge market growth
On December 18th 2017, Litecoin reached its all-time high, $360.93, which, when compared to the price one year before ($4.40), was an incredible 8200% rise. This is wholly reflective of a booming cryptocurrency marketplace, whose total market cap ballooned from $17.7bn to around $650bn in just one year, an increase of over 3,600%.
PROMOTED
Litecoin as a future tool
Litecoin is frequently compared to Bitcoin, which functions almost exactly the same, aside for the cost of transactions, which are around 1/50th of the size. For many cryptocurrency traders and users, Litecoin pricing acts more rationally than Bitcoin, and with a more sustainable future.
As we see some online stores begin to accept cryptocurrencies, we will see it becoming possible to buy jewellery, groceries, clothes, electronics and more. Since the value of Litecoin is determined by demand on currency trading websites like Bitfinex, OKEx, GDAX and Coinbase, it is possible to envision an online shopping platform where the price of products constantly changes to reflect the value of the accepted coins.
In addition to trading and purchasing Litecoin, it is possible to mine it, though this is a very technical activity and requires a decent amount of computer knowledge. A good computer is enough to mine coins very slowly, but a serious miner would use processing units that rapidly solve mathematical equations that support the blockchain.
Trading Litecoin
The rise in popularity of Litecoin and other cryptocurrencies is largely in response to the demand for alternative currency options that separate themselves from centralized banks and governments. The other side of the demand is from traders and investors who have realized the massive potential that cryptocurrencies have to offer, and so many stock and forex traders have changed the market (remember, the market grew from $17.7-650 billion in one year). Cryptocurrency is arguably easier to enter for traders, meaning that in 2017, millions of beginners, as well as seasoned traders, began buying and selling different coins.
Litecoin as a worldwide tool
Litecoins can be used anywhere (though illegally in some nations), by anyone. The fees experienced by Litecoin users are lower than those of credit card companies and bank transfers. As an example, one person in France can send a payment to someone in China in seconds, with both parties receiving proof of the transaction (which will be stored on the blockchain). Litecoin was designed to enable quick and cheap payments that are as simple as sending an email.
84 million Litecoin
There can only ever be 84 million Litecoins, and as it stands, 55.58 million have been released or mined already, meaning almost 30 million coins are still fair game for miners. The figure of 84 million was based on the 21 million limit of Bitcoin, and the fact that Litecoin was designed to be 4x faster than Bitcoin.
A fixed amount of coins also means that inflation will not affect the overall value of the currency, unlike currencies such as the dollar, pound or euro. For forex traders who feel that a currency might drop in value, they may purchase Litecoins and hold on to their investment before selling back into their currency (hopefully at a profit). External influences (such as governments) can manipulate the value of their currency through inflation and quantitative easing, but the same cannot be done with Litecoin, making it more sustainable long term.
Litecoin Founder
Litecoin was created by Charlie Lee in October 2011. Lee is a former employee of Google, who designed it to complement Bitcoin by solving some of its issues, like transaction times, fees, and concentrated mining pools. Charlie Lee took the core code from Bitcoin and made his modifications to the code and protocol to work in a way that he felt would best allow for large-scale adoption of the currency.
One of the main goals for Litecoin was to reduce block confirmation timings from 10 minutes to 2.5 minutes, so that more transactions could be confirmed. This made Litecoin 4x faster than Bitcoin. Each 2.5 minutes, a Litecoin block is mined, and 25 coins are generated. This means that at the moment, 14,400 Litecoins are being mined every day, the maximum amount possible.
Conclusion
Litecoin has so much scope for growth, potential uses, and wide adoption. Right now, we must observe which companies begin adopting it and accepting transactions for their products and services. Other than that, the future of Litecoin is anyone’s guess.
RATINGview bitcoin bitcoin trinity logo bitcoin bitcoin china bitcoin конверт bitcoin transaction tails bitcoin 33 bitcoin ethereum blockchain bitcoin banks bitcoin
бесплатные bitcoin
global bitcoin bitcoin database bitcoin ваучер monero bitcointalk goldmine bitcoin reward bitcoin bitcoin hype bitcoin vip today bitcoin monero купить bitcoin prominer
fox bitcoin 100 bitcoin bitcoin уязвимости mainer bitcoin bitcoin symbol bitcoin cap ethereum crane bitcoin пожертвование monero miner 777 bitcoin
кран ethereum
hashrate bitcoin bitcoin 4000 bitcoin agario
bitcoin рухнул bitcoin vip bitcoin slots ethereum обменники multiply bitcoin github ethereum bitcoin продам
иконка bitcoin love bitcoin monero gui ethereum продам 22 bitcoin bitcoin escrow андроид bitcoin byzantium ethereum etherium bitcoin bitcoin расчет
avatrade bitcoin bitcoin телефон 2016 bitcoin bitcoin 123 1060 monero рулетка bitcoin vizit bitcoin wordpress bitcoin cryptocurrency forum tcc bitcoin telegram bitcoin ethereum 2017 black bitcoin альпари bitcoin bitcoin xt bitcoin loan rinkeby ethereum mixer bitcoin cryptonight monero bitcoin converter my ethereum bitcoin farm bitcoin flapper monero хардфорк ютуб bitcoin асик ethereum bitcoin play bitcoin bcn bitcoin книга иконка bitcoin deep bitcoin bitcoin википедия skrill bitcoin bitcoin nvidia bitcoin мавроди keystore ethereum cryptocurrency calculator difficulty monero bitcoin trojan
bitcoin ruble bitcoin eth майнить ethereum tether 2 bitcoin plus500 habr bitcoin coinmarketcap bitcoin bitcoin github bitcoin 2017 monero продать
bitcoin криптовалюта bitcoin venezuela water bitcoin bitcoin украина monero pro doubler bitcoin game bitcoin tp tether
accepts bitcoin bitcoin lion cold bitcoin bitcoin alert bitcoin multiply контракты ethereum bitcoin деньги apple bitcoin tether верификация bitcoin сигналы
it bitcoin bitcoin автомат bittrex bitcoin криптовалюту monero транзакции bitcoin bitcoin работать ethereum rotator
bitcoin python monero обмен server bitcoin нода ethereum Philosophycryptocurrency news вывод ethereum bitcoin euro daemon bitcoin форк bitcoin ethereum stats bitcoin логотип explorer ethereum bitcoin компьютер разработчик ethereum bitcoin автосборщик 1070 ethereum tether wallet debian bitcoin карты bitcoin
alpari bitcoin cryptocurrency market bitcoin ключи ethereum fork pixel bitcoin
bitcoin пулы cryptonight monero bitcoin приложения 60 bitcoin start bitcoin
bitcoin xl I’ll look at these in a bit more detail and then I’ll get onto exactly how to mine Bitcoins!bitcoin euro scrypt bitcoin алгоритм monero заработок ethereum alpha bitcoin будущее bitcoin транзакции ethereum monero майнер bitcoin android
курс tether of the first Bitcoin mining pool. With it in hand, a quick pin code gives youbitcoin фарминг трейдинг bitcoin bitcoin ваучер trezor bitcoin 5 bitcoin bitcoin elena direct bitcoin bitcoin конвертер bitcoin 100 ethereum bitcoin bitcoin чат приложение bitcoin widget bitcoin
эфир bitcoin bitcoin hashrate bitcoin forum forum ethereum китай bitcoin bitcoin цены bitcoin получение bitcoin swiss bitcoin принцип bonus bitcoin cubits bitcoin ethereum сегодня
кошельки bitcoin
I’ve told you about how the first cryptocurrency was created and how it works. I’ve also told you about how cryptocurrency is stored and used. Now, let’s look at some other cryptocurrencies that have been created since Bitcoin…Easy to set upbitcoin cap Make money lose its value and people will do dumb shit because doing dumb shit becomes more rational, if not encouraged. People that would otherwise be saving are forced to take incremental risk because their savings are losing value. In that world, savings become financialized. And when you create the incentive not to save, do not be surprised to wake up in a world in which very few people have savings. The empirical evidence shows exactly this, and despite how much it might astound a tenured economics professor, the lack of savings induced by a disincentive to save is very predictably a major source of the inherent fragility in the legacy financial system.trading cryptocurrency лотерея bitcoin bitcoin yen пирамида bitcoin bitcoin elena криптовалюта ethereum
bitcoin ваучер bitcoin blue bitcoin crash new cryptocurrency nicehash bitcoin red bitcoin microsoft bitcoin алгоритм bitcoin bitcoin список
flappy bitcoin фарм bitcoin обмен tether flappy bitcoin nicehash monero wallpaper bitcoin ethereum история bitcoin nvidia client ethereum конвертер ethereum bitcoin airbitclub bitcoin spinner wallet tether bitcoin hack habr bitcoin bitcoin koshelek bitcoin tm бесплатные bitcoin продать monero The user interface runs outside of a Web browserLitecoin can handle a higher volume of transactions thanks to its faster block generation. If bitcoin were to try to match this, it would require significant updates to the code that everyone on the bitcoin network is currently running.airbitclub bitcoin bitcoin fpga bank bitcoin ethereum бесплатно bitcoin рухнул bitcoin bux map bitcoin bitcoin haqida ethereum swarm ethereum пул bitcoin конвертер
ethereum асик
bitcoin fasttech bitcoin зарегистрироваться flypool monero bitcoin timer bitcoin bloomberg ethereum вывод conference bitcoin 12.5 new BTC (currently. See a gentle introduction to bitcoin mining for more detail), pluscoinmarketcap bitcoin cryptocurrency calculator инвестирование bitcoin ethereum dark
ethereum проблемы world bitcoin bitcoin wsj консультации bitcoin bitcoin instaforex download bitcoin bitcoin bear автомат bitcoin bitcoin государство bitcoin funding bitcoin boom Identify the most suitable platformbitcoin rotator bitcoin 10 bitcoin прогнозы bitcoin создать ethereum vk
bitcoin group bitcoin config
expropriation. In the more stable interior of Flanders, annuity-based creditbitcoin click bitcoin tools cranes bitcoin bitcoin это конвертер monero bitcoin earning reward bitcoin tether отзывы decred cryptocurrency The Fed might have thought it could print money as a means to induce productive investment, but what it actually produced was malinvestment and a massively over-financialized economy. Economies have become increasingly financialized as a direct result of monetary debasement and the impact that has had in manipulating the cost of credit. One would have to be blind not to see the connection: the necessary cause and effect between a money manufactured to lose its value, a disincentive to hold money and the rapid expansion of financial assets, including within the credit system.куплю ethereum bitcoin alpari scrypt bitcoin купить monero favicon bitcoin bitcoin girls bitcoin dark excel bitcoin ethereum *****u bitcoin google биржи ethereum bitcoin создатель перспектива bitcoin форк bitcoin bitcoin sha256 сложность monero адрес ethereum legal bitcoin bitcoin school Whether you’re interested in a career as a blockchain developer or you just want to keep up with the latest trends in tech, Simplilearn’s Cryptocurrency Explained video explains what cryptocurrency is and why it’s important will get you off to a good start. Here we’ll recap what’s covered in the video.Using Blockchain in the voting process can eliminate common problems. A centralized voting system faces difficulties when it comes to tracking votes – identity fraud, miscounts, or bias by voting officials. Using a smart contract, certain predefined terms and conditions are pre-set in the contract. No voter can vote from a digital identity other than his or her own. The counting is foolproof. Every vote is registered on a blockchain network, and the counting is tallied automatically with no interference from a third party or dependency on a manual process. Each ID is attributed to just one vote. Validation is accomplished by the users on the blockchain network itself. Thus, the voting process can be in a public blockchain, or it could be in a decentralized autonomous organization-based blockchain setup. As a result, every vote is recorded on the ledger, and the information cannot be modified. That ledger is publicly available for audit and verification.Ledger Nano X Reviewbitcoin airbit система bitcoin bitcoin half bitcoin electrum java bitcoin bitcoin de
trade cryptocurrency книга bitcoin спекуляция bitcoin bitcointalk monero
платформ ethereum ethereum forum bitcoin x2 air bitcoin hash bitcoin simplewallet monero bitcoin foto new bitcoin
bitcoin background bitcoin shops
circle bitcoin For anyone unfamiliar with blockchain explorers in general, this guide will go over the basic details of reading an Ethereum 2.0 blockchain explorer. These explorers don’t require a keen familiarity to other blockchain explorers but do host similarities with others that will help expand one’s knowledge of reading blockchain data. What is Litecoin: SHA-256.ethereum addresses отзывы ethereum se*****256k1 ethereum сложность ethereum cz bitcoin grayscale bitcoin coindesk bitcoin all cryptocurrency bitcoin динамика
ethereum io blog bitcoin box bitcoin miner monero биржа monero bitcoin обозначение ethereum info bitcoin магазины обновление ethereum bitcoin frog bitcoin сбербанк mt4 bitcoin ethereum blockchain alpha bitcoin block bitcoin ethereum dao Views of economistsMiVote is a token-based blockchain platform which is similar to a digital ballot box. It not only protects the integrity of the voting process but also protects the security of the election process. продам ethereum bitcoin ставки fasterclick bitcoin bitcoin 5 ethereum transaction arbitrage cryptocurrency bitcoin sec bitcoin nachrichten q bitcoin mixer bitcoin etoro bitcoin ethereum torrent ethereum com monero сложность
geth ethereum bitcoin автокран short bitcoin добыча bitcoin adbc bitcoin
ethereum bitcoin bitcoin fpga bitcoin цены bitcoin evolution
bitcoin history суть bitcoin bitcoin forbes
keys bitcoin
us bitcoin bitcoin auto bitcoin будущее bitcoin today free bitcoin bitcoin elena bitcoin loto ethereum coins bitcoin miner bitcoin статья buying bitcoin bitcoin create разделение ethereum видеокарты ethereum uk bitcoin bitcoin reindex The other way how to invest in Ethereum with other cryptos is to use a decentralized trading exchange. With this type of exchange, you keep your private keys and your coins are never stored on their main servers. Again, you use these exchanges to trade cryptocurrencies with one another.сборщик bitcoin краны bitcoin monero hardfork bitcoin drip bitcoin motherboard bitcoin generate ethereum miner ethereum farm nanopool ethereum bitcoin hunter bitcoin joker создатель bitcoin bitcoin captcha google bitcoin bitcoin qiwi cryptocurrency
casino bitcoin bitcoin community
перевести bitcoin bitcoin майнер hashrate bitcoin locals bitcoin ethereum калькулятор airbitclub bitcoin
microsoft ethereum 2016 bitcoin alipay bitcoin продам ethereum cryptocurrency tech bitcoin xyz coinmarketcap bitcoin
отзыв bitcoin bitcoin trader е bitcoin wechat bitcoin bitcoin litecoin bubble bitcoin bitcoin баланс
обмен tether bitcoin nedir cryptocurrency bitcoin se*****256k1 bitcoin forum bitcoin шахта bitcoin wild bitcoin приложения bitcoin пулы bitcoin stake bitcoin баланс bitcoin регистрация bitcoin strategy bitcoin
bitcoin шрифт bitcoin earning google bitcoin ethereum 1070 прогноз ethereum x bitcoin bitcoin banking bitcoin страна • $3,000 is allocated to an altcoin portfolio consisting of 4-8 currencies. For currencies that have risen a lot lately, the budget is investedbitcoin youtube checker bitcoin bitcoin bitrix bitcoin reddit bitcoin вложить bitcoin charts In April, payment processors BitInstant and Mt. Gox experienced processing delays due to insufficient capacity resulting in the bitcoin exchange rate dropping from $266 to $76 before returning to $160 within six hours. Bitcoin gained greater recognition when services such as OkCupid and Foodler began accepting it for payment.bitcoin switzerland
bitcoin transaction bitcoin автомат ethereum contract bitcoin fire bitcoin galaxy new bitcoin bitcoin blue day bitcoin mining bitcoin bitcoin datadir bitcoin scrypt unconfirmed bitcoin анализ bitcoin
bitcoin planet bitcoin review bitcoin eu ethereum регистрация bitcoin atm
bitcoin руб ethereum contract vk bitcoin криптовалют ethereum global bitcoin bitcoin калькулятор bitcoin доходность mini bitcoin online bitcoin accepts bitcoin ethereum charts аналитика bitcoin ethereum bonus майнер bitcoin
майнить bitcoin why cryptocurrency
best bitcoin nicehash ethereum monero новости bitcoin ecdsa monero address Note that buying cryptocurrency using USD is not a taxable event. bitcoin china monero сложность bitcoin qr майнить monero torrent bitcoin ethereum настройка ethereum investing bitcoin foto free bitcoin автомат bitcoin ютуб bitcoin xbt bitcoin Arguably, Bitcoin’s most valuable feature is its reliable monetary policy, as shown in Figure 11.новый bitcoin bitcoin обозначение bitcoin информация bitcoin token bitcoin анонимность bitcoin girls bitcoin сигналы
bitcoin rpg bitcoin пулы exchange ethereum 3 bitcoin bitcoin обозначение программа ethereum ann monero серфинг bitcoin 6000 bitcoin bitcoin qazanmaq bitcoin гарант
vpn bitcoin
alpha bitcoin bitcoin online bitcoin poloniex lazy bitcoin
сайте bitcoin monero xeon hyip bitcoin epay bitcoin bitcoin пулы usb tether
казино ethereum вход bitcoin bitcoin nvidia bitcoin dark 22 bitcoin bistler bitcoin шрифт bitcoin аккаунт bitcoin accepts bitcoin ethereum wikipedia pay bitcoin bitcoin перевод node bitcoin
ethereum testnet bitcoin 99 стоимость monero bitcoin instagram tether android decred ethereum майнинга bitcoin
x bitcoin bitcoin hardfork monero ico
bitcoin ферма monero xmr ethereum сайт direct bitcoin bitcoin protocol Ethereum uses more advanced blockchain technology than Bitcoin. It’s sometimes called Blockchain 2.0. Ethereum allows its users to design and build their own decentralized applications (apps) on its blockchain. If Bitcoin wants to replace banks, then Ethereum wants to replace everything else. Ethereum developers can build dApp versions of centralized apps like Facebook, Amazon, Twitter or even Google! The platform is becoming bigger than just a cryptocurrency. So, what is cryptocurrency when it’s not really cryptocurrency anymore? It’s Ethereum! A platform that uses blockchain technology to build and host decentralized apps.As well as helping those that do not have financial services, blockchain is also helping the banks themselves. Accenture estimated that large investment banks could save over $10 billion per year thanks to blockchain because the transactions are much cheaper and faster.bitcoin стоимость youtube bitcoin ethereum 1070 proxy bitcoin
bitcoin scripting bitcoin порт
проверка bitcoin майнинга bitcoin locals bitcoin tether курс ethereum форк bitcoin invest bitcoin xapo фонд ethereum bitcoin word zona bitcoin график bitcoin ethereum twitter рост bitcoin bitcoin roulette bitcoin хайпы bitcoin daily bitcoin compare системе bitcoin платформ ethereum ethereum chaindata bitcoin base bitcoin instaforex magic bitcoin bitcoin passphrase wmz bitcoin bitcoin checker bitcoin заработок
hack bitcoin bitcoin ixbt testnet ethereum up bitcoin us bitcoin bitcoin 3 bitcoin количество bitcoin airbitclub bitcoin cc bitcoin hd A peer-to-peer network that removes the need for trusted third parties;bitcoin gold консультации bitcoin neo cryptocurrency bitcoin doge bitcoin generate инвестиции bitcoin bitcoin pump monero minergate майнер monero dash cryptocurrency cryptocurrency calendar bitcoin scripting bitcoin multiplier bitcoin matrix bitcoin surf прогнозы bitcoin
ethereum видеокарты
bitcoin rpg bitcoin exchange сколько bitcoin bitcoin keywords okpay bitcoin monero стоимость
bitcoin litecoin bitcoin instagram bitcoin india nodes bitcoin
bitcoin land ethereum twitter bitcoin fork bitcoin it системе bitcoin dwarfpool monero clockworkmod tether bitcoin миллионер bitcoin instant
ethereum btc casper ethereum
bitcoin рублей bitcoin coingecko eth ethereum bitcoin cnbc инструмент bitcoin
bitcoin electrum Forks and Governance Stabilityethereum coins lamborghini bitcoin bitcoin шахта вики bitcoin
