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 plugin ethereum перевод вики bitcoin nonce bitcoin If you're considering investing in Litecoin, realize that there are a lot of risks - but also huge potential rewards. We try to break it down as easily as possible, but this is a complicated subject.GPU price risebitcoin forbes китай bitcoin apple bitcoin In a non-deterministic wallet, each key is randomly generated on its own accord, and they are not seeded from a common key. Therefore, any backups of the wallet must store each and every single private key used as an address, as well as a buffer of 100 or so future keys that may have already been given out as addresses but not received payments yet.:94bitcoin easy nya bitcoin комиссия bitcoin Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original Bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.
ферма ethereum
pplns monero
bitcoin транзакции bitcoin lion cause, cut off from traditional ways of doing business, with highly potentIf you prefer to buy bitcoin with cash, platforms such as LocalBitcoins will help find individuals near you who are willing to exchange bitcoin for cash. Also, LibertyX lists retail outlets across the United States at which you can exchange cash for bitcoin. And WallofCoins, Paxful and BitQuick will direct you to a bank branch near you that will allow you to make a cash deposit and receive bitcoin a few hours later.шрифт bitcoin alpari bitcoin bitcoin alert bitcoin puzzle cryptocurrency chart
биржа ethereum bitcoin покупка bitcoin trend get bitcoin Bitcoin violates governmental regulationsкошель bitcoin planet bitcoin
bitcoin neteller
ethereum обменять coingecko ethereum solidity ethereum alpha bitcoin blockchain ethereum plus bitcoin
cubits bitcoin бесплатно ethereum json bitcoin bitcoin обменять poloniex ethereum Trezor Model T ReviewNote: You need to differentiate the Bitcoin and the bitcoin terms. The former term means the whole payment infrastructure while the latter one is just a currency, an application of Bitcoin.bitcoin проверить forum ethereum ethereum алгоритм bitcoin bux bitcoin anonymous bitcoin virus пример bitcoin bitcoin курс кошель bitcoin earning bitcoin kran bitcoin bitcoin сервер cryptocurrency charts bistler bitcoin bitcoin rt конференция bitcoin bitcoin hub bitcoin stock bitcoin magazine рубли bitcoin wechat bitcoin bitcoin таблица арбитраж bitcoin вывод ethereum новости ethereum
avto bitcoin roll bitcoin map bitcoin icons bitcoin credit bitcoin dark bitcoin ethereum gas bitcoin best secp256k1 ethereum вики bitcoin график bitcoin bitcoin solo keystore ethereum bitcoin income
linux bitcoin bitcoin транзакции sportsbook bitcoin enterprise ethereum bitcoin скрипт зарабатывать bitcoin bitcoin adder tor bitcoin ethereum wallet
ethereum создатель bitcoin xpub bitrix bitcoin стоимость ethereum
ethereum ротаторы tether пополнить space bitcoin скачать bitcoin ethereum core bitcoin algorithm проблемы bitcoin bitcoin cli connect bitcoin разработчик ethereum takara bitcoin machines bitcoin ethereum перспективы казино ethereum ethereum course cryptocurrency wikipedia hosting bitcoin дешевеет bitcoin bitcoin установка криптовалют ethereum importprivkey bitcoin dat bitcoin dollar bitcoin pplns monero bitcoin compromised aml bitcoin cryptocurrency tech msigna bitcoin ethereum форк monero algorithm ethereum упал ethereum install розыгрыш bitcoin bitcoin vk bitcoin cranes x bitcoin bitcoin php приложение tether bitcoin de bitcoin apk abi ethereum майнинг monero bitcoin evolution bitcoin registration алгоритмы ethereum обменять bitcoin bitcoin cny proxy bitcoin bitcoin деньги bitcoin redex bitcoin сша tether верификация сложность bitcoin planet bitcoin эфир bitcoin bounty bitcoin monero fr криптовалюта tether миксеры bitcoin ico monero bitcoin traffic reward bitcoin робот bitcoin reddit ethereum monero client antminer bitcoin cryptocurrency это monero free
bitcoin банк
bitcoin переводчик bitcoin etherium bitcoin автосерфинг loans bitcoin bitcoin fees bitcoin сети эфир bitcoin bitcoin приложение
видеокарты bitcoin ethereum plasma exchange cryptocurrency
bitcoin aliexpress cryptocurrency wallets film bitcoin ethereum краны ethereum контракты currency bitcoin monero minergate bitcoin trading проекта ethereum bitcoin лотерея monero ico ethereum сбербанк ethereum хардфорк токен bitcoin lealana bitcoin bistler bitcoin книга bitcoin ethereum обвал mindgate bitcoin bitcoin official создатель ethereum bitcoin экспресс bitcoin capital dance bitcoin fpga ethereum ethereum github accepts bitcoin и bitcoin collector bitcoin dance bitcoin bitcoin mining There is a ratio called 'Bitcoin dominance' that measures what percentage of the total cryptocurrency market capitalization that Bitcoin has. When Bitcoin was created, it was the only cryptocurrency and thus had 100% market share. Following the rise of Bitcoin, now there are thousands of different cryptocurrencies. First there was a trickle of them, and then it became a flood.bitcoin masters пулы bitcoin bitcoin novosti bitcoin avto android tether
bitcoin google pokerstars bitcoin polkadot stingray miner monero ninjatrader bitcoin bitcoin xt sec bitcoin bitcoin pdf wikipedia ethereum planet bitcoin stealer bitcoin
tether apk
обвал ethereum
bitcoin знак tether usdt prune bitcoin bitcoin nachrichten monero gpu bitcoin node Bitcoin price fluctuations in 2011, 2013 and 2017The brainchild of young crypto-genius Vitalik Buterin has ascended to the second place in the hierarchy of cryptocurrencies. Other than Bitcoin its blockchain does not only validate a set of accounts and balances but of so-called states. This means that ethereum can not only process transactions but complex contracts and programs.2. How do you explain Blockchain technology to someone who doesn't know it?bitcoin основатель bitcoin книги bitcoin биржа bitcoin elena
bitcoin скачать криптовалюты bitcoin динамика ethereum bitcoin магазин ethereum видеокарты ethereum валюта bloomberg bitcoin бесплатный bitcoin
bitcoin converter обменник bitcoin bitcoin machines
So, if you are looking to mine Litecoin, then start now before it’s too late!delphi bitcoin bitcoin generation
bitcoin vps keyhunter bitcoin bitcoin poker bio bitcoin bitcoin delphi bitcoin agario youtube bitcoin bitcoin расчет bitcoin goldmine ethereum casper майнинг tether bitcoin department bitcoin mining заработка bitcoin total cryptocurrency mindgate bitcoin bitcoin блок валюта tether car bitcoin краны monero accepts bitcoin mine monero счет bitcoin bitcoin рейтинг miningpoolhub ethereum кран ethereum андроид bitcoin bitcoin x перспектива bitcoin bitcoin торрент bitcoin майнер
bitcoin easy bitcoin generator bitcoin second monero обмен bitcoin legal bitcoin портал monero новости вывод bitcoin tether программа bitcoin skrill
bitcoin автомат check bitcoin bitcoin ios
bitcoin рейтинг настройка monero
bitcoin capital bitcoin cash падение ethereum ethereum supernova bitcoin отследить bitcoin вложения ethereum 1070 купить bitcoin bitcoin mine bitcoin обменять bitcoin sberbank sberbank bitcoin Running an Avalon6 (or Any Bitcoin Mining Machine) Not for Profit?зарабатывать bitcoin mining bitcoin 0 bitcoin site bitcoin gift bitcoin ethereum конвертер bitcoin автосерфинг бесплатные bitcoin difficulty bitcoin bitcoin visa обмена bitcoin
scrypt bitcoin видеокарты bitcoin bitcoin life bitcoin alien bitcoin airbit bitcoin coinmarketcap bitcoin china world bitcoin bitcoin приложения byzantium ethereum monero minergate ethereum clix
bitcoin кредит double bitcoin bubble bitcoin bitcoin greenaddress ethereum биткоин 6. It is fastIllustration of a person peering into a bazaar, meant to represent EthereumProsava bitcoin bitcoin trezor cpa bitcoin qtminer ethereum finney ethereum bitcoin poloniex bitcoin телефон bitcoin 10
bitcoin сегодня bitcoin grafik bitcoin auto bitcoin greenaddress bitcoin компания bitcoin java сайт ethereum проверка bitcoin etf bitcoin bitcoin обменник main bitcoin bitcoin poker ethereum forum bitcoin руб bitcoin greenaddress ios bitcoin autobot bitcoin bitcoin qazanmaq litecoin bitcoin bitcoin оборот bitcoin spinner Logs stored in the header come from the log information contained in the transaction receipt. Just as you receive a receipt when you buy something at a store, Ethereum generates a receipt for every transaction. Like you’d expect, each receipt contains certain information about the transaction. This receipt includes items like:bitcoin перевод rx560 monero bitcoin bounty терминалы bitcoin продать monero bitcoin ферма bot bitcoin фильм bitcoin bitcoin p2p
bitcoin сложность monero форк сборщик bitcoin подтверждение bitcoin bitcoin ваучер topfan bitcoin bitcoin darkcoin бот bitcoin pps bitcoin supernova ethereum
Code Execution'When we meditate, we count. We close our eyes and are aware only of where we are at in the moment, and nothing else. We count breathing in, 1; and we count breathing out, 2; and we go on this way. When we stop counting, that is the void, the number zero, the emptiness.'bitcoin открыть ethereum платформа ethereum russia bitcoin adress майнить bitcoin tether bitcointalk ethereum news transaction bitcoin ethereum block майнить monero The whole block then gets sent out to every other miner in the network, each of whom can then run the hash function with the winner’s nonce, and verify that it works. If the solution is accepted by a majority of miners, the winner gets the reward, and a new block is started, using the previous block’s hash as a reference.
