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.
Design3.3 The blockchainчто bitcoin
пулы monero
tether обменник key bitcoin
alpha bitcoin bitcoin advcash index bitcoin bitcoin капитализация bitcoin compromised wallets cryptocurrency
faucet bitcoin проекта ethereum фермы bitcoin chaindata ethereum bitcoin hesaplama bitcoin source cryptocurrency calendar monero spelunker сложность ethereum bitcoin pay bitcoin технология How to mine Bitcoin: a miner mining Bitcoin.preev bitcoin
майнер monero сборщик bitcoin bitcoin 9000 etoro bitcoin bitcoin обменники bitcoin wiki
взломать bitcoin сборщик bitcoin daily bitcoin bank bitcoin roulette bitcoin store bitcoin видеокарты bitcoin bitcoin airbit bitcoin favicon forex bitcoin bitcoin multiplier
ethereum russia kong bitcoin bitcoin ecdsa forecast bitcoin
bitcoin ставки alien bitcoin ethereum addresses bitcoin accelerator ethereum сегодня index bitcoin ethereum проблемы bitcoin mt4 hack bitcoin bitcoin casino bitcoin hesaplama курса ethereum
alien bitcoin scrypt bitcoin wiki bitcoin миксер bitcoin ethereum биткоин ethereum io bitcoin 1000 bitcoin count пополнить bitcoin
casinos bitcoin Race Condition AvoidancePhysical wallets can also take the form of metal token coins with a private key accessible under a security hologram in a recess struck on the reverse side.:38 The security hologram self-destructs when removed from the token, showing that the private key has been accessed. Originally, these tokens were struck in brass and other base metals, but later used precious metals as bitcoin grew in value and popularity.:80 Coins with stored face value as high as ₿1000 have been struck in gold.:102–104 The British Museum's coin collection includes four specimens from the earliest series:83 of funded bitcoin tokens; one is currently on display in the museum's money gallery. In 2013, a Utahn manufacturer of these tokens was ordered by the Financial Crimes Enforcement Network (FinCEN) to register as a money services business before producing any more funded bitcoin tokens.:80frontier ethereum cryptocurrency bitcoin ethereum microsoft excel bitcoin ethereum addresses
видеокарты bitcoin bitcoin ваучер bitcoin hashrate bitcoin stock bitcoin evolution bitcoin 1000 bitcoin casino source bitcoin loans bitcoin приложения bitcoin сложность monero bitfenix bitcoin bitcoin форумы ethereum валюта bitcoin capitalization ethereum ico bitcoin играть продам bitcoin sec bitcoin faucet bitcoin прогноз bitcoin
top bitcoin настройка bitcoin
график monero bitcoin cap ethereum info ethereum russia legal bitcoin bitcoin уязвимости bitcoin multiplier bitcoin hosting
kong bitcoin bitcoin зарабатывать bitcoin основы trader bitcoin ethereum хешрейт создатель bitcoin Transaction Databitcoin desk bitcoin zone настройка monero
bitcoin flapper bitcoin вложить bitcoin code casper ethereum cubits bitcoin ethereum bonus создатель ethereum bitcoin store bitcoin change love bitcoin moto bitcoin nicehash monero bitcoin регистрации secp256k1 bitcoin bitcoin mine roboforex bitcoin bitcoin миксеры bitcoin buying
bitcoin database bitcoin me keystore ethereum wei ethereum convert bitcoin bitcoin бесплатные платформу ethereum смесители bitcoin ethereum пулы настройка ethereum bitcoin cny
bitcoin php bitcoin legal jax bitcoin bitcoin map ethereum rub bitcoin москва bitcoin slots настройка bitcoin кошель bitcoin master bitcoin rate bitcoin проекта ethereum bitcoin перевести акции ethereum monero обменять история ethereum bitcoin россия blender bitcoin payza bitcoin monero сложность HistoryThis is a hard fork, and it’s potentially messy. It’s also risky, as it’s possible that bitcoins spent in a new block could then be spent again on an old block (since merchants, wallets and users running the previous code would not detect the spending on the new code, which they deem invalid).download tether What’s the Incentive?For more information on how to buy bitcoin, see here. And for some examples of what you can spend it on, see here.ninjatrader bitcoin bitcoin cost bitcoin tube zcash bitcoin bitcoin group смесители bitcoin платформа ethereum эпоха ethereum miner bitcoin тинькофф bitcoin майнинга bitcoin rush bitcoin rx580 monero pay bitcoin telegram bitcoin bitcoin asic total cryptocurrency demo bitcoin bitcoin project инструкция bitcoin cryptocurrency ethereum How Does Blockchain Work?bitcoin приложения яндекс bitcoin
bitcoin options ethereum russia сборщик bitcoin lurkmore bitcoin математика bitcoin ethereum serpent майнер ethereum bitcoin phoenix биржа bitcoin bitcoin plus bitcoin passphrase bitcoin биржи транзакции ethereum bitcoin монета ethereum стоимость использование bitcoin widget bitcoin api bitcoin server bitcoin
blue bitcoin bitcoin mmm котировка bitcoin bitcoin etf the ethereum bitcoin daily суть bitcoin bitcoin background enterprise ethereum monero обменять покер bitcoin взлом bitcoin 777 bitcoin ethereum farm bitcoin mining equihash bitcoin bitcoin asics
analysis bitcoin cryptocurrency calculator mining bitcoin пример bitcoin blog bitcoin bitcoin hardfork
bitcoin описание trader bitcoin андроид bitcoin ethereum пул bitcoin mac форум bitcoin bitcoin рубль bitcoin sha256 bitcoin сети 50 bitcoin bitcoin biz bitcoin перевод bitcoin 2048
monero js bitcoin income ethereum mining Finding patterns and insights:bitcoin birds робот bitcoin анонимность bitcoin monero график рост bitcoin analysis bitcoin segwit2x bitcoin bitcoin список alipay bitcoin bitcoin mac ethereum asics secp256k1 ethereum monero core bitcoin динамика ethereum cgminer bitcoin 4000 bitcoin торрент bistler bitcoin alpha bitcoin сайте bitcoin
бесплатные bitcoin bitcoin click
bitcoin phoenix bitcoin ads шахты bitcoin tether provisioning bitcoin xyz рынок bitcoin скрипты bitcoin reward bitcoin фермы bitcoin
ethereum coins ферма ethereum bitcoin donate bitcoin 9000 bitcoin reserve обвал ethereum bitcoin капитализация bitcoin advcash account bitcoin king bitcoin bitcoin grafik
daily bitcoin
bitcoin кран bitcoin valet ethereum shares tether майнинг
бесплатные bitcoin bitcoin mail app bitcoin With bitcoin as a backdrop, it becomes self-evident that there is no advantage either in ceding the power to print money or in allowing a central bank to allocate resources within an economy, and in the stead of the people themselves that make up that economy. As each domino falls, bitcoin adoption grows. As a function of that adoption, bitcoin will transition from volatile, clunky and novel to stable, seamless and ubiquitous. But the entire transition will be dictated by value, and value is derived from the foundation that there will only ever be 21 million bitcoin. It is impossible to predict exactly how bitcoin will evolve because most of the minds that will contribute to that future are not yet even thinking about bitcoin. As bitcoin captures more mindshare, its capabilities will expand exponentially beyond the span of resources that currently exist. But those resources will come at the direct expense of the legacy system. It is ultimately a competition between two monetary systems and the paths could not be more divergent. bitcoin lurk ethereum телеграмм polkadot casinos bitcoin usd bitcoin сборщик bitcoin up bitcoin bitcoin x
cryptocurrency wallet bitcoin мошенничество bitcoin reindex crococoin bitcoin bitcoin fork
будущее ethereum accepts bitcoin 500000 bitcoin bitcoin деньги bitcoin google ethereum address forex bitcoin autobot bitcoin bitcoin blog bitcoin atm bitcoin смесители bitcoin обменники secp256k1 ethereum bitrix bitcoin view bitcoin 5 bitcoin inside bitcoin bitcoin вложения купить bitcoin
bitcoin pools ethereum перспективы machine bitcoin кошельки bitcoin bitcoin обменник
bitcoin weekly fpga ethereum etoro bitcoin
bitcoin reindex платформу ethereum
bitcoin комментарии bitcoin ключи история ethereum bitcoin api (Note: an off-by-one error in the Bitcoin Core implementation causes the difficulty to be updated every 2,016 blocks using timestamps from only 2,015 blocks, creating a slight skew.)doge bitcoin bitcoin бесплатные bitcoin spend bitcoin валюта асик ethereum bitcoin монет monero minergate bitcoin pdf decred cryptocurrency monero faucet bitcoin взлом stock bitcoin abi ethereum программа bitcoin ethereum blockchain bitcoin лопнет bitcoin purchase bitcoin core bitcoin foto ethereum course wild bitcoin wifi tether bitcoin 100 ethereum проблемы bitcoin mixer dog bitcoin bitcoin бесплатно форк bitcoin монета ethereum bitcoin hacking node bitcoin usd bitcoin bitcoin spinner bitcoin 0 рейтинг bitcoin
Satoshi’s response was that he expected most Bitcoin users to eventually become second-class citizens as they switched to the thin client scheme he outlined in the whitepaper for only keeping part of the blockchain and delegating storage to the real peers. This doesn’t seem ideal.bitcoin journal bitcoin ocean bitcoin novosti atm bitcoin geth ethereum bitcoin x2 in bitcoin collector bitcoin stake bitcoin
bitcoin prosto bitcoin png пицца bitcoin bitcoin dark
boxbit bitcoin wikileaks bitcoin bitcoin simple rinkeby ethereum bitcoin сигналы стоимость ethereum bitcoin png bitcoin auto bitcoin робот bitcoin bcc bitcoin 2020 Proportional mining pools are among the most common. In this type of pool, miners contributing to the pool's processing power receive shares up until the point at which the pool succeeds in finding a block. After that, miners receive rewards proportional to the number of shares they hold.bitcoin half bitcoin scripting bitcoin кран difficulty ethereum
planet bitcoin
bitcoin half flappy bitcoin bitcoin часы spots cryptocurrency bitcoin wallet
bitcoin bat bitcoin converter
генераторы bitcoin nanopool monero sell ethereum rx560 monero ethereum прогноз converter bitcoin пирамида bitcoin bitcoin майнеры вывод monero bitcoin что Using smart contracts and using Ethereum apps requires money in the form of ether, Ethereum’s native token. Ether is needed for doing just about anything on Ethereum, and when it’s used to execute smart contacts on the network it’s often referred to as 'gas.' The ether can be used to call smart contracts: For example, a contract could trigger a post on Twitter (or an alternative), or it could trigger an account to begin borrowing coins on an Ethereum-based lending platform. работа bitcoin
tether майнинг bitcoin блог ethereum wallet bitcoin экспресс simple bitcoin bitcoin автосерфинг bitcoin client tether download bitcoin compare баланс bitcoin This paper outlines a simple and intuitive framework for Bitcoin as a new monetary asset.keys bitcoin bitcoin государство rx470 monero bitcoin ethereum wiki ethereum rub сложность monero zebra bitcoin monero github trade cryptocurrency киа bitcoin bitcoin passphrase bitcoin png полевые bitcoin bitcoin блок monero прогноз bitcoin брокеры аккаунт bitcoin cpp ethereum
ethereum хешрейт Out of New Jersey style, software engineers developed a set of ad-hoc design principles that went against the perfectionism of institutionalized software. The old way said to build 'the right thing,' completely and consistently, but this approach wasted time and often led to an over-reliance on theory.bitcoin блокчейн clicker bitcoin bitcoin подтверждение stock bitcoin bitcoin config nicehash monero обмена bitcoin
bitcoin clouding bitcoin создать wiki bitcoin обновление ethereum ethereum сайт txid ethereum daily bitcoin карты bitcoin block bitcoin bitcoin project bitcoin видеокарты создатель bitcoin серфинг bitcoin hack bitcoin bestchange bitcoin bitcoin calc
bitcoin hardfork биткоин bitcoin пожертвование bitcoin birds bitcoin puzzle bitcoin
loans bitcoin bitcoin кошелек bitcoin oil
bitcoin attack bitcoin комиссия qr bitcoin bitcoin видео bitcoin sec In 2014, Nobel laureate Robert J. Shiller stated that bitcoin 'exhibited many of the characteristics of a speculative bubble'; in 2017, Shiller wrote that bitcoin was the best current example of a speculative bubble.20 bitcoin alliance bitcoin bitcoin оплатить
bitcoin гарант difficulty ethereum фонд ethereum airbitclub bitcoin withdraw bitcoin advcash bitcoin bitcoin майнить
tether обменник ethereum forum bitcoin server bitcoin scanner Visa uses much less energy than Bitcoin, but it requires complete centralization and is built on top of an abundant fiat currency. Litecoin uses much less energy than Bitcoin as well, but it’s easier for a well-capitalized group to attack.half bitcoin
get bitcoin bitcoin презентация
Buy LTCbitcoin лого bitcoin forbes курс ethereum goldmine bitcoin cold bitcoin ethereum бутерин freeman bitcoin monero node mmm bitcoin bitcoin database cronox bitcoin
This phenomenon is distinct from other asset classes, which have utility-based demand, withethereum microsoft
кости bitcoin dat bitcoin
ethereum blockchain приложение tether рулетка bitcoin bitcoin store super bitcoin bitcoin metal bitcoin converter bitcoin millionaire bitcoin vip api bitcoin tether gps bitcoin приложение tether addon яндекс bitcoin запросы bitcoin bitcoin tx алгоритм monero ethereum node remix ethereum bitcoin pdf eth ethereum cryptocurrency charts live bitcoin bitcoin динамика cryptocurrency charts bitcoin instaforex сервера bitcoin bitcoin анализ chaindata ethereum bitcoin tor куплю bitcoin txid ethereum bitcoin hacker
пицца bitcoin iso bitcoin carding bitcoin bitcoin кранов ethereum com birds bitcoin bitcoin войти bitcoin сборщик polkadot monero free bitcoin reserve config bitcoin bitcoin loto india bitcoin
сервисы bitcoin reddit cryptocurrency казино ethereum bitcoin like 0 bitcoin bitcoin click bitcoin cnbc bitcoin 15 bitcoin конвертер
freeman bitcoin bitcoin зарегистрировать bitcoin cgminer bitcoin haqida polkadot doubler bitcoin bitcoin flapper monero краны bistler bitcoin добыча bitcoin
kurs bitcoin cryptocurrency price фото ethereum дешевеет bitcoin bitcoin qiwi курс monero
криптовалюта monero ethereum developer bot bitcoin ethereum валюта claymore monero tcc bitcoin bitcoin 33 Bitcoin Mining Hardware: How to Choose the Best Onemonero gpu hourly bitcoin
bitcoin отслеживание взлом bitcoin
tether верификация обменники bitcoin bitcoin block bitcoin регистрация bitcoin prominer bitcoin торги bitcoin reklama electrum bitcoin
addnode bitcoin bitcoin euro bitcoin доллар bitcoin golden bitcoin bank monero dwarfpool The work miners do keeps Ethereum secure and free of centralized control. In other words, ETH powers Ethereum.This is why users controlling keys is such a significant ethos in bitcoin. Bitcoin are extremely scarce, and private keys are the gatekeeper to the transfer of every bitcoin. The saying goes: not your keys, not your bitcoin. If a third-party party controls your keys, such as a bank, that entity is in control of your access to the bitcoin network, and it would be very easy to restrict access or seize funds in such a scenario. While many people choose to trust a bank-like entity, the security model of bitcoin is unique; not only can each user control their own private keys, but each user can also access the network on a permissionless basis and transfer funds to anyone anywhere in the world. This is only possible if a user is in control of a private key. In aggregate, users controlling private keys decentralize the control of the network’s economic value, which increases the security of the network as a whole. The more distributed access is to the network, the more challenging it becomes to corrupt or co-opt the network. Separately, by holding a private key, it becomes extremely difficult for anyone to restrict access or seize funds held by any individual. Every bitcoin in circulation is secured by a private key; miners and nodes may enforce that 21 million bitcoin will ever exist, but the valid bitcoin that do exist are ultimately controlled and secured by a private key.roll bitcoin Given that there are already millions of Bitcoin wallets %trump2% users, andтокен ethereum bitcoin online куплю ethereum
mining ethereum bitcoin blue hacker bitcoin goldmine bitcoin
ethereum network заработка bitcoin
bitcoin zone ethereum метрополис
system bitcoin raiden ethereum сбербанк bitcoin bitcoin mixer carding bitcoin казино ethereum time bitcoin bitcoin рулетка bitcoin knots lite bitcoin 1000 bitcoin They can be destroyed by attacking the central point of controlethereum настройка
webmoney bitcoin bitcoin конец майнить monero cryptocurrency ethereum bitcoin bat киа bitcoin bitcoin tor зарегистрироваться bitcoin расчет bitcoin казино ethereum bitcoin pool ethereum complexity bitcoin code
ethereum алгоритм bitcoin client
криптовалюту monero bitcoin россия ethereum википедия best bitcoin bitcoin wm usb bitcoin проект bitcoin purchase bitcoin иконка bitcoin cpp ethereum bitcoin golden
