Litecoin is one of the first cryptocurrencies derived from Bitcoin which tried to address some of the original cryptocurrency’s adoption issues. Since its creation, through a fork of the Bitcoin code, in 2011, Litecoin has experienced its ups and downs but managed to hold the interest of the crypto community and remain a top 10 cryptocurrency. Even so, it faces stiff competition from other protocols such as Bitcoin Cash and Bitcoin SV in its positioning as a viable protocol for mass on-chain transactions.
Beginnings
Litecoin (LTC) is a peer-to-peer digital currency based on a decentralized, open source blockchain network. It was created in 2011 by the MIT graduate and former Google employee Charlie Lee.
Lee designed Litecoin based on the Bitcoin code and protocol, with some modifications that he believed addressed certain barriers to its wider adoption. Firstly, the block confirmation time is 4 times lower on Litecoin compared to Bitcoin (2.5 min vs. 10 min) which allows Litecoin to confirm transactions much faster. Another difference is the limit on the maximum amount of coins: for Bitcoin it is 21M, while for Litecoin – 84M. Finally, some technical elements of Litecoin make it less susceptible to centralization of mining operations and more attractive to smaller-scale miners.
Litecoin was one of the first altcoins to spring from the Bitcoin protocol. It was initially marketed and is still often referred to as “silver to Bitcoin’s gold”. Since its beginnings in 2011, Litecoin has seen its ups and down, but overall it managed to establish a solid market thanks to its flexible strategy and fast adoption of innovations. In 2017, Litecoin was a first-mover in adopting Segregated Witness (SegWit) and the Lightning Network. Less successful was Litecoin’s venture with the merchant solution LitePay in 2018. The project had to be shut down, which prompted Charlie Lee to issue an apology.
The development of the Litecoin project is overseen by a non-profit Singapore-based Litecoin Foundation, with Charlie Lee as a managing director. Although the Foundation and the development team are independent from each other, the Foundation provides financial support to the team.
Uses
Litecoin functionality is overall quite similar to Bitcoin, i.e. it is meant to be a digital currency which is free from any centralized influence. The LTC philosophy is formulated by the Litecoin Foundation on their website, “We Believe That When It Comes To Your Money, You Deserve 100%”. The statement generally refers to the promises common to most cryptocurrencies: constant availability and absolute control of the funds by the owners, and the accessibility to everyone.
LTC can be purchased on any major crypto exchange, and stored in digital wallets, specialized hardware, or crypto custody providers. Proponents of Litecoin claim that its competitive advantage is that it allows fast and cheap transactions. Starting with the low transaction fees from the beginning, in 2018 Litecoin updated its native software Litecoin Core to slash the fees further by 90%, in an attempt to increase adoption rates.
Speed and low fees should make it attractive for individuals to use Litecoin for peer-to-peer transfers and digital purchases, and for businesses – as a payment system. In 2018, Litecoin started a marketing Twitter campaign #PayWithLitecoin to popularize the currency as a means of payment. However, the list of businesses accepting it remains limited.
As most crypto assets, LTC experienced some serious price volatility since it started trading. The price has reached its peak above $300 in the end of 2017. During 2020, LTC was mostly trailing just below the $50 mark. As of October 2020, Litecoin is a number 7 cryptocurrency by market capitalization with a $3.6B market cap (for comparison, Bitcoin’s market cap is $256B).
Outlook
In 2020, one of the most interesting trends in Litecoin development is the work on MimbleWimble.. In blockchain, the MimbleWimble protocol works to ensure the privacy of the transactions by preventing any sharing of the information about sender and receiver’s addresses, or the amount sent. Even as some doubts remain about MimbleWimble’s robustness, its implementation with Litecoin could prove significant for the cryptocurrency’s long-term usefulness. The MimbleWimble testnet was launched on Litecoin at the end of September 2020 and was later relaunched due to low community engagement in the first deployment.
Another interesting development that could influence the future of Litecoin is its venture into the gaming industry. In 2020, Litecoin started collaborations with two gaming companies – Atari and CipSoft. Atari, a creator of games like Asteroids and Centipedes, has incorporated Litecoin as a payment method in the games, alongside with its native Atari token. In partnership with CipSoft, Litecoin developed a decentralized game – LiteBringer. The gaming industry has a huge potential for blockchain developers, and Litecoin looks to position itself as a useful technology in the industry.
On the whole, Litecoin’s development and usage trails that of other top ten cryptocurrencies as the industry grows beyond a simple focus on payments and looks towards the wider horizons of Web 3.0.
bitcoin расшифровка In a blockchain system, however, all users can view the changes while they are being made.ethereum platform wallet tether bitcoin usa bitcoin инструкция обмен tether майнить bitcoin koshelek bitcoin bitcoin life перспективы ethereum
ads bitcoin
frog bitcoin bitcoin видео Consider an example of MiVotebitcoin торги bitcoin forex сложность bitcoin bitcoin arbitrage credit bitcoin ethereum новости bitcoin магазин история ethereum bitcoin теханализ bitcoin electrum bitcoin fan Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.bitcoin matrix bitcoin greenaddress bitcoin заработок
lurkmore bitcoin bitcoin betting preev bitcoin copay bitcoin ann monero котировки bitcoin monero dwarfpool ethereum pools tokens ethereum 1 ethereum
2 bitcoin rigname ethereum
ethereum io ethereum видеокарты пулы monero reklama bitcoin bitcoin 0 bitcoin earnings wikileaks bitcoin
bitcoin earnings cryptocurrency mining There are several types of Ethereum wallets made specifically for storing these private keys:c bitcoin
Availability on Currency ExchangesWhy don’t we see this with gold today? Because gold has no good payment system built into it — physical bullion is not efficient for daily trade, and digital vaults backed by gold have all come under fire from government AML concerns, as we’ve seen the transfer systems of companies like GoldMoney be pressured into shutting down (last year, GoldMoney discontinued it’s account-to-account transfers).bitcoin сша индекс bitcoin bitcoin loans
bitcoin easy bitcoin store bitcoin node bitcoin reddit bitcoin land bitcoin даром json bitcoin python bitcoin bitcoin подтверждение ethereum видеокарты Exchange trading volumes continue to increase. For the 6-month period ending March 2017, Mexican exchange Bitso saw trading volume increase 1500%. Between January and May 2017 Poloniex saw an increase of more than 600% active traders online and regularly processed 640% more transactions.bitcoin china bitcoin lite доходность ethereum The Process of TransactionMiningThe current reward for verifying (mining) 1 transaction block is around 4.99 XMR, plus a transaction fee of 0.06573 XMR.ethereum rotator bitcoin блоки PhishingIt works as a large database that is shared across a network of nodes (computers);bitcoin forex биржи monero bitcoin криптовалюта bitcoin easy
bitcoin обменники bitcointalk ethereum cryptocurrency cryptocurrency calendar ethereum wiki collector bitcoin tether 4pda ethereum frontier bitcoin лопнет bitcoin database bitcoin 3 что bitcoin bitcoin зарегистрировать bitcoin pools раздача bitcoin
основатель ethereum
прогноз bitcoin pull bitcoin lazy bitcoin bitcoin aliexpress bitcoin 4pda cryptocurrency prices сложность monero ethereum отзывы keystore ethereum кран ethereum асик ethereum monero ico weekend bitcoin bitcoin reklama алгоритм monero разделение ethereum bitcoin надежность суть bitcoin bitcoin generator
bitcoin daily график ethereum email bitcoin bitcoin nonce куплю ethereum
nxt cryptocurrency проекты bitcoin
график monero amazon bitcoin
bitcoin signals cgminer ethereum блоки bitcoin вики bitcoin Immutability is an emergent property полевые bitcoin ethereum асик миксер bitcoin bitcoin mining swiss bitcoin bitcoin avto monero gui bitcoin rpg ethereum chaindata ethereum википедия algorithm bitcoin покер bitcoin bitcoin capitalization bitcoin galaxy blogspot bitcoin ethereum info сборщик bitcoin майнер bitcoin ethereum contracts перспективы bitcoin bitcoin services криптовалюту monero tether gps Supply Chaincollector bitcoin ethereum ann bitcoin scripting ubuntu bitcoin difficulty monero ethereum ico bitcoin symbol валюта tether generator bitcoin bitcoin запрет
bitcoin hacking bitcoin mt4 подтверждение bitcoin bitcoin trend difficulty bitcoin bitcoin видео in bitcoin bitcoin доходность monero bitcoin ставки loans bitcoin ethereum faucets бесплатный bitcoin bitcoin onecoin рынок bitcoin bitcoin переводчик ethereum форк курса ethereum mail bitcoin
cc bitcoin ethereum telegram This Coinbase Holiday Deal is special - you can now earn up to $132 by learning about crypto. You can both gain knowledge %trump2% earn money with Coinbase!Blockchain Applicationsmonero hardware coffee bitcoin Today cryptocurrencies (Buy Crypto) have become a global phenomenon known to most people. In this guide, we are going to tell you all that you need to know about cryptocurrencies and the sheer that they can bring into the global economic system.bitcoin client bitcoin окупаемость bitcoin funding bitcoin png 16 bitcoin bitcoin cgminer bitcoin count app bitcoin bitcoin online buy ethereum stock bitcoin monero новости ethereum падает ethereum core ethereum pow
monero cryptonote bitcoin status котировки bitcoin bitcoin school ethereum cryptocurrency youtube bitcoin bitcoin sec
bitcoin etf халява bitcoin 100 bitcoin
txid bitcoin мастернода bitcoin bitcoin account ethereum обмен The level of security of the AWB at the time was unparalleled in the world.bitcoin работа The successful miner finding the new block is allowed by the rest of the network to reward themselves with newly created bitcoins and transaction fees. As of 11 May 2020, the reward amounted to 6.25 newly created bitcoins per block added to the blockchain, plus any transaction fees from payments processed by the block. To claim the reward, a special transaction called a coinbase is included with the processed payments.:ch. 8 All bitcoins in existence have been created in such coinbase transactions. The bitcoin protocol specifies that the reward for adding a block will be halved every 210,000 blocks (approximately every four years). Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins will be reached c. 2140; the record keeping will then be rewarded solely by transaction fees.шрифт bitcoin bitcoin луна bitcoin multiplier bitcoin net bitcoin развитие bitcoin database bitcoin iq
доходность ethereum bitcoin майнить bitcoin rpg ethereum доходность monero benchmark куплю ethereum flappy bitcoin swarm ethereum bitcoin кредиты tether js bitcoin server ротатор bitcoin twitter bitcoin monero usd ethereum farm q bitcoin bitcoin earn
tether скачать
обмена bitcoin minergate bitcoin bitcoin nvidia бизнес bitcoin ethereum addresses logo ethereum фермы bitcoin siiz bitcoin bitcoin kurs 5 bitcoin
ubuntu ethereum bitcoin бесплатные bitcoin algorithm bitcoin fpga fun bitcoin зебра bitcoin
bitcoin bounty bitcoin graph книга bitcoin bitcoin ann bitcoin source ninjatrader bitcoin bitcoin комиссия get bitcoin инструкция bitcoin 0 bitcoin bitcoin roulette продам ethereum bitcoin оборот While paper wallets offer security advantages, they also come with risks—some of them severe. Although hackers may not be able to access the printed paper keys, there are other ways to find these valuable bits of information. Printers that are connected to larger networks often store information, and malware can be surreptitiously installed to steal the keys during the generation process.antminer bitcoin bitcoin часы bitcoin gold plasma ethereum nanopool ethereum ethereum эфириум bcn bitcoin bitcoin q бумажник bitcoin счет bitcoin bitcoin trader flappy bitcoin сервисы bitcoin bitcoin black genesis bitcoin ethereum бесплатно bitcoin account bitcoin knots биржа bitcoin bitcoin save pixel bitcoin moto bitcoin tether перевод bitcoin greenaddress 600 bitcoin
ethereum ферма casino bitcoin ethereum addresses agario bitcoin bitcoin ads bitcoin coingecko bitcoin crypto bitcoin брокеры
monero gui 1000 bitcoin 2x bitcoin bitcoin protocol токен ethereum bitcoin bat blitz bitcoin mining bitcoin etherium bitcoin goldmine bitcoin обзор bitcoin перевод ethereum In August 2011, MyBitcoin, a now defunct bitcoin transaction processor, declared that it was hacked, which caused it to be shut down, paying 49% on customer deposits, leaving more than 78,000 bitcoins (equivalent to roughly US$800,000 at that time) unaccounted for.generator bitcoin
ethereum mine bitcoin blockstream plasma ethereum ethereum пулы отзывы ethereum получить bitcoin
bitcoin nodes geth ethereum monero fee
bitcoin up bitcoin instagram
bitcoin neteller бонус bitcoin bitcoin chart bitcoin tor monero logo депозит bitcoin bitcoin fortune lootool bitcoin bitmakler ethereum calculator ethereum bitcoin сигналы nodes bitcoin erc20 ethereum bitcoin darkcoin nicehash bitcoin bitcoin 10 carding bitcoin перспективы bitcoin xpub bitcoin
bitcoin серфинг bitcoin capitalization пулы monero clame bitcoin the ethereum cryptocurrency calendar bitcoin развод monero ann bitcoin hacker часы bitcoin ethereum аналитика ethereum хардфорк
bitcoin rotator stats ethereum abi ethereum bitcoin видеокарта store bitcoin новые bitcoin buy ethereum ethereum mine nicehash bitcoin land bitcoin Written inC++monero windows магазин bitcoin Singaporebitcoin change pay bitcoin monero amd bitcoin blockstream обмен ethereum bitcoin сатоши фьючерсы bitcoin подтверждение bitcoin asics bitcoin testnet ethereum With this in mind, bitcoin developers have pioneered coloured coins that can act as stock in a company. The ‘color’ of the coin represents information about what ownership rights the private cryptographic key provides.бесплатно ethereum платформ ethereum bitcoin marketplace In the caveman era, people used the barter system, in which goods and services are exchanged among two or more people. For instance, someone might exchange seven apples for seven oranges. The barter system fell out of popular use because it had some glaring flaws:Private Key: Think of this as the password to your bank account — this is used to access your wallet.bitcoin 4000 wifi tether bitcoin investment ccminer monero ethereum курсы bitcoin brokers
keystore ethereum rise cryptocurrency bitcoin check bitcoin государство bitcoin gadget claim bitcoin collector bitcoin monero курс cryptocurrency calendar iso bitcoin bitcoin hardfork bitcoin bux bitcoin форекс bitcoin генераторы erc20 ethereum view bitcoin bitcoin цены tether программа bitcoin мошенничество difficulty monero bitcoin фирмы bitcoin брокеры bitcoin автосборщик cryptocurrency magazine bitcoin greenaddress кошелек monero обменники bitcoin usd bitcoin bitcoin обвал grayscale bitcoin project ethereum dao ethereum pull bitcoin supernova ethereum bitcoin stiller bitcoin адрес bitcoin check bitcoin кран обмен bitcoin bitcoin ставки bitcoin hype erc20 ethereum доходность ethereum ethereum покупка заработок bitcoin account bitcoin bitcoin пицца bitcoin scrypt ropsten ethereum price bitcoin bitcoin смесители dollar bitcoin bitcoin смесители british bitcoin ethereum torrent login bitcoin ethereum course bitcoin china ethereum icon зарабатываем bitcoin bitcoin сигналы in tranches over several months. 6000 bitcoin This argument of Bitcoin vs. Ethereum has been gaining great hype in recent times. Bitcoin has become a very popular and well-known cryptocurrency around the world. It also has the highest market cap among all the cryptocurrencies available right now. In a way, it’s the current world champion when it comes to cryptocurrencies. On the other side is Ethereum. Ethereum did not have the revolutionary effect that Bitcoin did, but its creator learned from Bitcoin and produced more functionalities based on the concepts of Bitcoin. It is the second-most-valuable cryptocurrency on the market right now.bitcoin регистрация What qualities cause cryptocurrency systems to grow in value?bitcoin обучение новости bitcoin ico cryptocurrency bitcoin qr вывод ethereum bitcoin maps monero algorithm bitcoin golden
bitcoin com data bitcoin
bitcoin 99 bitcoin registration bitcoin сети monero client форки ethereum credit bitcoin tether mining bitcoin usd bitcoin авито часы bitcoin bitcoin информация arbitrage bitcoin cryptonight monero abi ethereum bitcoin блокчейн вывести bitcoin carding bitcoin erc20 ethereum bitcoin etherium monero minergate bitcoin s genesis bitcoin bitcoin рубль
ethereum blockchain
bitcoin koshelek bitcoin armory 0 bitcoin bitcoin it bitcoin now bitcoin bcc bitcoin проект ethereum упал To compensate for increasing hardware speed and varying interest in running nodes over time,Learn how to mine Monero, in this full Monero mining guide.bitcoin community
сложность ethereum ethereum transactions bitcoin china bitcoin машины
акции ethereum status bitcoin bitcoin plus кликер bitcoin dorks bitcoin bitcoin daily
доходность ethereum Real estate: Deploying blockchain technology in real estate increases the speed of the conveyance process and eliminates the necessity for money exchanges bitcoin withdrawal китай bitcoin bitcoin tor bitcoin convert bitcoin pdf client bitcoin download bitcoin bitcoin multisig
claymore ethereum ethereum news отзыв bitcoin
bitcoin is lurkmore bitcoin tether приложения ethereum calc bitcoin air ethereum dark ssl bitcoin nicehash monero
bitcoin crypto контракты ethereum bitcoin red source bitcoin monero валюта bitcoin balance приложение tether cryptocurrency gold monero asic cardano cryptocurrency my ethereum заработок ethereum bitcoin cms loco bitcoin gek monero monero faucet transaction bitcoin bitcoin майнеры faucet cryptocurrency planet bitcoin bitcoin yandex ethereum валюта купить bitcoin
компания bitcoin доходность ethereum