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.
ethereum telegram bitcoin information платформы ethereum bitcoin future 6000 bitcoin download bitcoin planet bitcoin cryptonight monero отзыв bitcoin bitcoin обменник ethereum calc
пример bitcoin
50 bitcoin ethereum telegram bitcoin wordpress
monero bitcointalk 4pda tether microsoft ethereum bitcoin 2010 With bitcoin, it is possible to forego the fees of using a payment processor or provider, and simply integrate payments into your own custom system. Those with a technical background have achieved this, such as Stephen Early, who integrated bitcoin payments into the POS system of his UK pubs single-handedly.bitcoin уязвимости краны ethereum ethereum логотип ethereum обмен продам bitcoin бесплатно ethereum joker bitcoin tether комиссии bitcoin rbc ethereum course
bitcoin javascript
вклады bitcoin bitcoin сколько сборщик bitcoin source bitcoin бот bitcoin ethereum game cranes bitcoin monero обменять ethereum скачать bitcoin dark bitcoin exe продаю bitcoin работа bitcoin отзыв bitcoin blog bitcoin bitcoin twitter bitcoin hosting kinolix bitcoin testnet bitcoin car bitcoin 1070 ethereum
bitcoin miner основатель bitcoin цена ethereum
raiden ethereum games bitcoin trading bitcoin bitcoin 20 bitcoin statistic
bitcoin fpga aml bitcoin
bitcoin автоматически bitcoin email ethereum mist bitcoin xt dollar bitcoin key bitcoin lootool bitcoin bitcoin de bitcoin суть bitcoin цена production cryptocurrency etoro bitcoin ethereum контракт
daemon bitcoin bitcoin global
ethereum price ethereum курсы green bitcoin контракты ethereum ethereum pool bitcoin терминалы zebra bitcoin bitcoin фарминг game bitcoin msigna bitcoin bitcoin биржа british bitcoin coingecko ethereum автомат bitcoin bitcoin lurk
ethereum ann ethereum ферма php bitcoin bitcoin symbol bitcoin local bitcoin simple bitcoin fast транзакции monero Algorithm-based (seignorage).bitcoin будущее bitcoin wm amazon bitcoin bitcoin сайты bitcoin оборот 20 bitcoin ethereum blockchain Cryptocurrency is also known as digital currency. It's a form of digital money created by mathematical computations and policed by millions of computers (called miners) on the same network. Physically, there's nothing to hold, although crypto can be exchanged for cash.ethereum проект система bitcoin bitcoin price анонимность bitcoin доходность ethereum bitcoin презентация bitcoin шахта ethereum habrahabr bitcoin wsj project ethereum
hit bitcoin bitcoin nachrichten poloniex monero bitcoin анонимность 1 ethereum bitcoin litecoin дешевеет bitcoin bitcoin usb ethereum com usd bitcoin bitcointalk ethereum cryptocurrency ethereum monero кран bitcoin journal продам bitcoin fpga ethereum bitcoin euro
fee bitcoin bitcoin заработка
bitcoin выиграть bitcoin knots network bitcoin bitcoin мошенники bitcoin торговать ethereum обвал net bitcoin alpari bitcoin количество bitcoin обналичивание bitcoin bitcoin oil
терминалы bitcoin асик ethereum monero minergate tether верификация исходники bitcoin token ethereum ethereum эфир calc bitcoin bitcoin пополнение bitcoin проект coinmarketcap bitcoin отзыв bitcoin зарегистрироваться bitcoin bitcoin cc
bitcoin bittorrent wifi tether купить ethereum сбербанк ethereum
talk bitcoin bitcoin synchronization лотереи bitcoin bitcoin flex bcc bitcoin bitcoin продам bitcoin вирус fox bitcoin bitcoin blender doge bitcoin monero *****u email bitcoin
monero cryptonote спекуляция bitcoin
$8.3 billionцена ethereum ethereum casper bitcoin abc connect bitcoin bitcoin daemon форк ethereum bitcoin symbol plus bitcoin
Most forex trading is conducted in a decentralized fashion via over-the-counter markets. However, the fact that the forex market is decentralized and that bitcoin is considered to be a decentralized digital currency does not mean that the two are equivalent.monero кран
покупка ethereum платформу ethereum usb tether bitcoin farm cryptocurrency converter bcc bitcoin
testnet bitcoin But he lacks the 'worse is better' paradigm (despite being a programmer) and doesn’t understand how Bitcoin is the worst-possible-thing. It’s not the decentralized aspect of Bitcoin, it’s how Bitcoin is decentralized: a cryptographer would have difficulty coming up with Bitcoin because the mechanism is so ugly and there are so many elegant features he wants in it. Programmers and mathematicians often speak of 'taste', and how they lead one to better solutions. A cryptographer’s taste is for cryptosystems optimized for efficiency and theorems; it is not for systems optimized for virulence, for their sociological appeal32. Centralized systems are natural solutions because they are easy, like the integers are easy; but like the integers are but a vanishingly small subset of the reals, so too are centralized systems a tiny subset of decentralized ones33. DigiCash and all the other cryptocurrency startups may have had many nifty features, may have been far more efficient, and all that jazz, but they died anyway34. They had no communities, and their centralization meant that they fell with their corporate patrons. They had to win in their compressed timeframe or die out completely. But 'that is not dead which can eternal lie'. And the race may not go to the swift, as Hal Finney also pointed out early on:пул monero получить bitcoin bitcoin free dwarfpool monero opencart bitcoin игра ethereum ethereum price stats ethereum краны monero app bitcoin
bitcoin 100 bitcoin расшифровка ethereum myetherwallet Responsibility:bitcoin javascript bitcoin отслеживание ethereum логотип мастернода ethereum trezor bitcoin виталий ethereum bitcoin weekly bitcoin информация monero bitcointalk enterprise ethereum bitcoin виджет
bitcoin node bitcoin zona case bitcoin ethereum токены 10000 bitcoin dwarfpool monero
ethereum pow exchange bitcoin mining bitcoin bitcoin monkey теханализ bitcoin ethereum habrahabr frontier ethereum пул monero bitcoin hash antminer ethereum bitcoin зарегистрироваться bitcoin разделился vpn bitcoin дешевеет bitcoin zona bitcoin tether обменник
map bitcoin bitcoin trezor mine ethereum bitcoin two ico cryptocurrency For this reason alone, new challengers to Bitcoin face a hard uphill battle. If something is to displace Bitcoin now, it will have to have sizable improvements and it will have to happen quickly. Otherwise, this network effect will carry Bitcoin to dominance.This is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.лотереи bitcoin bitcoin реклама all cryptocurrency Ключевое слово ethereum txid bitcoin luxury bitcoin картинки mining monero freeman bitcoin tor bitcoin bitcoin traffic bitcoin flapper node bitcoin blogspot bitcoin bitcoin accelerator россия bitcoin bitcoin mining bcc bitcoin 6000 bitcoin bcc bitcoin ethereum обвал bitcoin mempool autobot bitcoin
xronos cryptocurrency обменник bitcoin bitcoin теханализ bitcoin bitrix арбитраж bitcoin r bitcoin bitcoin видеокарты price bitcoin bitcoin отзывы блок bitcoin ethereum сайт bitcoin зебра
пополнить bitcoin транзакция bitcoin
bitcoin paw bitcoin заработок ios bitcoin ubuntu ethereum nya bitcoin win bitcoin робот bitcoin pos ethereum
bitcoin motherboard bitcoin get autobot bitcoin bitcoin fees p2pool ethereum card bitcoin
обменник bitcoin bitcoin demo short bitcoin bitcoin лучшие пополнить bitcoin auction bitcoin
настройка monero logo bitcoin
okpay bitcoin bitcoin usb проекта ethereum erc20 ethereum pplns monero cryptocurrency dash difficulty monero gps tether приложение bitcoin nanopool ethereum bitcoin окупаемость japan bitcoin bitcoin вирус bitcoin maps Sharehalf bitcoin Anyone who promises you a guaranteed return or profit is likely a scammer. Just because an investment is well known or has celebrity endorsements does not mean it is good or safe. That holds true for cryptocurrency, just as it does for more traditional investments. Don’t invest money you can’t afford to lose.bitcoin перевод 1 ethereum майнить bitcoin apple bitcoin bitcoin сделки
исходники bitcoin bitcoin red адрес bitcoin alpari bitcoin
get bitcoin bitcoin ads tether usd
make bitcoin ethereum game bitcoin banking
bitcoin 2018 8 bitcoin bitcoin convert киа bitcoin monero xeon bitcoin майнеры token ethereum bitcoin accepted client ethereum kinolix bitcoin blockstream bitcoin bitcoin it
история ethereum wired tether calculator bitcoin
antminer bitcoin total cryptocurrency alliance bitcoin
bitcoin goldmine bitcoin department bitcoin торговля оборудование bitcoin динамика bitcoin
bitcoin spinner bitcoin xbt bitcoin cap tether верификация monero *****u нода ethereum
bitcoin registration bitcoin лого
A stack is temporary and non-modifiable storage.майнер monero bitcoin keys bitcoin conference видеокарта bitcoin bitcoin monero
konvert bitcoin bitcoin сигналы bitmakler ethereum bitcoin scrypt вклады bitcoin bitcoin фильм bitcoin окупаемость новости monero кошель bitcoin supernova ethereum bitcoin token bitcoin antminer tp tether конвертер bitcoin ethereum transactions bitcoin цены яндекс bitcoin bitcoin скачать bitcoin миксеры халява bitcoin создать bitcoin datadir bitcoin clockworkmod tether bitcoin help bitcoin dice multiply bitcoin ethereum бесплатно bitcoin multiplier bitcoin будущее bitcoin valet криптовалюта tether
я bitcoin cryptocurrency nem bitcoin эфир
is bitcoin bitcoin valet dash cryptocurrency bitcoin carding bitcoin коды ethereum investing tether верификация china cryptocurrency bitcoin терминалы платформ ethereum love bitcoin cryptocurrency market bitcoin compare bitcoin bloomberg bitcoin халява bitcoin халява monero обмен bitcoin zone bitcoin капча bitcoin рулетка sha256 bitcoin ethereum обменять ethereum miner time bitcoin криптовалюту bitcoin tether обменник миксер bitcoin bitcoin magazin sha256 bitcoin bitcoin weekly blockchain ethereum bitcoin gambling monero сложность antminer bitcoin cryptocurrency gold 22 bitcoin poloniex bitcoin
ethereum описание bitcoin путин адреса bitcoin оборот bitcoin ethereum russia bitcoin conveyor tcc bitcoin ropsten ethereum ledger bitcoin ethereum форк контракты ethereum bitcoin qr bitcoin получить
trade bitcoin metropolis ethereum miningpoolhub monero tera bitcoin 3MiningListen to Bitcoin was a popular service for the real-time monitoring of transactions on the Bitcoin network. Each transaction produced a soothing chime synchronized to an animated bubble.magic bitcoin заработка bitcoin cudaminer bitcoin россия bitcoin mine ethereum pull bitcoin ethereum биржи ethereum получить Introductionbitcoin 20 Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman claimed that in late 2013, price manipulation by one person likely caused a price spike from US$150 to more than US$1000.bitcoin get bitcoin virus Game Theorybitcoin зарегистрироваться доходность ethereum cronox bitcoin airbit bitcoin
bitcoin zone bitcoinwisdom ethereum bitcoin spend
options bitcoin
wei ethereum конвертер monero оплата bitcoin bitcoin cache bitcoin update monero cryptonote
bitcoin fast se*****256k1 bitcoin monero hardware bitcoin node зарабатывать ethereum all cryptocurrency monero алгоритм bitcoin 100 reward bitcoin zcash bitcoin bitcoin etherium credit bitcoin store bitcoin bitcoin usa суть bitcoin создать bitcoin monero hashrate bitcoin bitcoin club bitcoin base ethereum telegram bitcoin nasdaq neo bitcoin ssl bitcoin pool bitcoin bitcoin protocol bitcoin zebra bitcoin таблица oil bitcoin криптовалюта monero bitcoin usa ethereum telegram проверка bitcoin bitcoin ether bitcoin обналичить ethereum ротаторы transactions bitcoin прогноз ethereum
ethereum game bitcoin фарминг терминал bitcoin bitcoin обучение index bitcoin
cgminer ethereum bitcoin course вложения bitcoin bitcoin банкнота cryptocurrency это bitcoin home ios bitcoin bitcoin half dance bitcoin bitcoin зарегистрироваться график monero fork bitcoin
microsoft bitcoin покупка ethereum time bitcoin ethereum инвестинг робот bitcoin captcha bitcoin testnet ethereum миксер bitcoin ethereum swarm обзор bitcoin bitcoin прогнозы bitcoin кошельки The financial sector has captured a larger percentage of the economy over time because there is greater demand for financial services in a world in which money is constantly impaired. Stocks, corporate bonds, treasuries, sovereign bonds, mutual funds, equity ETFs, bond ETFs, levered ETFs, triple levered ETFs, fractional shares, mortgage-backed securities, CDOs, CLOs, CDS, CDX, synthetic CDS/CDX, etc. All of these products represent the financialization of the economy, and they become more relevant (and in greater demand) when the monetary function is broken.Over the last year or so the price of bitcoin has seen huge fluctuations, prompting concerns that it is in a massive bubble. It rose from levels below $1,000 at the start of 2017, to highs of $19,000 in December 2017, before falling back to around $6,000 by mid-2018. теханализ bitcoin
bitcoin instant получить ethereum bitcoin алгоритм adc bitcoin raspberry bitcoin solo bitcoin tether скачать service bitcoin bitcoin online bitcoin slots accelerator bitcoin bitcoin swiss bitcoin plugin добыча bitcoin ethereum faucet email bitcoin андроид bitcoin cryptocurrency calendar forum ethereum best bitcoin ethereum pool arbitrage bitcoin bitcoin транзакция
preev bitcoin bitcoin игры
