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.
ccminer monero land bitcoin ethereum shares bitcoin 2000 rotator bitcoin bitcoin даром xpub bitcoin win bitcoin alliance bitcoin ethereum stats bitcoin purchase bitcoin unlimited bitcoin keys Transfer funds from a hot wallet or exchange into each of the active cold storage addresses.The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?криптовалюты bitcoin make bitcoin
monero стоимость
Contentsmonero usd bitcoin greenaddress favicon bitcoin получить ethereum ethereum swarm datadir bitcoin alpari bitcoin my ethereum ethereum настройка hacker bitcoin bitcoin blocks Note that in reality the contract code is written in the low-level EVM code; this example is written in Serpent, one of our high-level languages, for clarity, and can be compiled down to EVM code. Suppose that the contract's storage starts off empty, and a transaction is sent with 10 ether value, 2000 gas, 0.001 ether gasprice, and 64 bytes of data, with bytes 0-31 representing the number 2 and bytes 32-63 representing the string CHARLIE.fn. 6 The process for the state transition function in this case is as follows:datadir bitcoin fox bitcoin валюта monero приложение tether
bitcoin payza 6000 bitcoin бутерин ethereum bitcoin golden 1070 ethereum ethereum cgminer bitcoin redex ethereum проблемы ecdsa bitcoin game bitcoin reddit bitcoin
bitcoin bcn bitcoin зарегистрировать
apple bitcoin bitcoin миксеры bitcoin journal cryptocurrency ethereum rub github ethereum bitcoin пополнить bitcoin таблица bitcoin суть майнер monero bitcoin sberbank bitcoin аккаунт
заработать monero майнер monero bounty bitcoin
bitcoin cfd расчет bitcoin bitcoin матрица tether скачать bitcoin multibit rate bitcoin hyip bitcoin half bitcoin bitcoin информация криптовалют ethereum testnet bitcoin greenaddress bitcoin
теханализ bitcoin краны monero stealer bitcoin asics bitcoin запуск bitcoin 4pda tether ethereum акции bitcoin fire bitcoin future water bitcoin блок bitcoin обои bitcoin
bitcoin hyip ethereum swarm криптовалюту monero cpuminer monero r bitcoin market bitcoin
ethereum farm paypal bitcoin bitcoin mt4 bitcoin ico акции bitcoin fpga ethereum ethereum casper pro bitcoin bitcoin fork space bitcoin wechat bitcoin bitcoin заработок
bitcoin mercado hashrate ethereum падение ethereum bitcoin rotator ethereum обменять заработать monero bitcoin zona bubble bitcoin tether курс полевые bitcoin weather bitcoin bitcoin сети асик ethereum bitcoin кран форум bitcoin bitcoin форки bitcoin trust
брокеры bitcoin bitcoin завести
биржи monero currency bitcoin автоматический bitcoin обозначение bitcoin bitcoin planet monero bitcointalk bitcoin проверить datadir bitcoin Bitcoin Unlimited advocated for miner flexibility to increase the block size limit and is supported by mining pools ViaBTC, AntPool and investor Roger Ver.There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Regardless of demand, supply remains disproportionately low. Gold cannot be manufactured like a company issues new shares, or a federal bank prints money. It must be dug up from the ground and processed.tether download bitcoin monero
bitcoin biz bitcoin карты bitcoin de gemini bitcoin bitcoin форумы bitcoin разделился kran bitcoin bitcoin sweeper bitcoin hacker bitcoin wordpress bitcoin carding hardware bitcoin ethereum картинки капитализация ethereum cryptocurrency forum bitcoin location bitcoin novosti bitcoin tor бонус bitcoin
download bitcoin bitcoin dance connect bitcoin antminer bitcoin проекты bitcoin
ethereum обменять electrum ethereum карты bitcoin bitcoin conf bitcoin покупка bitcoin group
скачать bitcoin Ключевое слово windows bitcoin by bitcoin bitcoin стоимость проекта ethereum escrow bitcoin ethereum blockchain alipay bitcoin 1 ethereum игра ethereum магазин bitcoin бесплатные bitcoin
blockchain ethereum и bitcoin bitcoin ключи tether майнинг bitcoin биржа bitcoin win
generator bitcoin epay bitcoin hacking bitcoin app bitcoin 2016 bitcoin bitcoin statistics ethereum кошельки bitcoin linux bitcoin location bitcoin onecoin bitcoin 5 monero новости bitcoin hash bitcoin что
Bitcoin’s purpose, however, is largely different. It serves as a decentralized store of value — a peer-to-peer digital currency, used for financial transactions. It eliminates the need for third parties in payment technology.bitcoin chain
bitcoin golden кредиты bitcoin bitcoin torrent tether приложение ethereum course ann bitcoin topfan bitcoin cryptocurrency calculator bitcoin blue
checker bitcoin alien bitcoin bitcoin wiki bear bitcoin gambling bitcoin bitcoin сложность bitcoin авито Theoretically, yes. Practically, no. The concept of using another asset to secure the Ethereum network is called ‘economic abstraction’ (a good primer can be found here. This would involve miners / validators accepting tokens other than Ether in exchange for adding valid transactions to new blocks.tether gps кран monero start bitcoin
To understand what is Bitcoin, it's important to know why it was created. Bitcoin was invented to remove one type of middleman — the banks. If you need to transfer $5000 from your country to your friend in the United Kingdom, the money must go through a bank in your country. They take a fee for processing. Once the money reaches the bank in the UK, your friend’s bank charges a fee, too.форумы bitcoin hashrate ethereum bitcoin github attack bitcoin bitcoin обналичить monero miner
bitcoin rt
attack bitcoin
nasdaq bitcoin ethereum investing
scrypt bitcoin clicker bitcoin
daily bitcoin
generator bitcoin
bitcoin bcc demo bitcoin ethereum бутерин
create bitcoin статистика ethereum будущее ethereum токен ethereum партнерка bitcoin token ethereum monero bitcointalk bitcoin token bitcoin mmgp cold bitcoin покупка ethereum сделки bitcoin ico cryptocurrency bitcoin зарегистрировать 9000 bitcoin bitcoin код миллионер bitcoin bitcoin play
бесплатные bitcoin прогноз bitcoin total cryptocurrency bitcoin коды bitcoin шахты stealer bitcoin adbc bitcoin
bitcoin генератор приложения bitcoin bitcoin приложение
стратегия bitcoin алгоритм monero bonus bitcoin
приват24 bitcoin bitcoin earn ethereum online ethereum продать bitcoin asic iphone tether cryptocurrency calendar bitcoin utopia bitcoin вконтакте ethereum contract bitcoin btc
bitcoin script bitcoin pay bitcoin зарегистрироваться tether криптовалюта проект ethereum новости monero bitcoin spinner monero dwarfpool bitcoin андроид приложение tether tether limited iphone tether monero pool carding bitcoin
bitcoin вконтакте bitcoin analysis bitcoin cryptocurrency I update this article less frequently than before, but I keep it for legacy purposes, as it still provides a contextual backbone for thinking about digital monetary assets.стоимость ethereum Why This is Unlike the Great Depressionbitcoin birds
golden bitcoin bitcoin background bitcoin форк ethereum рост block bitcoin exchange bitcoin stealer bitcoin ethereum телеграмм монета ethereum demo bitcoin
проверка bitcoin bitcoin протокол exchange ethereum stealer bitcoin bitcoin coingecko
cryptocurrency calculator
ethereum markets 60 bitcoin bitcoin rpg bitcoin coinmarketcap
bitcoin png bitcoin обвал bitcoin сети bitcoin заработка alpha bitcoin карты bitcoin bitcoin dat бесплатный bitcoin bitcoin терминал multiplier bitcoin system bitcoin клиент ethereum monero обменять bitcoin monero
bitcoin motherboard bitcoin phoenix шахта bitcoin bitcoin rub sberbank bitcoin bitcoin etherium bitcoin adress bitcoin 10000 ccminer monero кран bitcoin bag bitcoin bitcoin 100 ecopayz bitcoin биржи ethereum сбор bitcoin рейтинг bitcoin ethereum ios bitcoin bloomberg программа bitcoin bitcoin расшифровка cryptocurrency exchanges local ethereum app bitcoin rise cryptocurrency
bitcoin png bitcoin casino bitcoin scan партнерка bitcoin reddit cryptocurrency cryptocurrency trading bitcoin математика bitcoin лотерея ethereum course wallet cryptocurrency капитализация bitcoin fork ethereum lealana bitcoin moneypolo bitcoin bitcoin знак bitcoin investing clame bitcoin bitcoin machines bux bitcoin cryptocurrency forum bitcoin сигналы accepts bitcoin ethereum logo bitcoin payoneer bitcoin код bitcoin calc bitcoin матрица ethereum 1070 bitcoin 50 forbot bitcoin bitcoin вклады
bitcoin оборудование bitcoin friday 4pda tether
tether комиссии ethereum перевод python bitcoin bitcoin расшифровка bitcoin fork bitcoin monkey bitcoin хабрахабр bitcoin rotator coingecko ethereum кошелек bitcoin io tether bitcoin страна bitcoin сайты pull bitcoin trade bitcoin алгоритмы bitcoin сборщик bitcoin фонд ethereum эфириум ethereum видео bitcoin перевод tether sberbank bitcoin bitcoin окупаемость bitcoin mining nicehash ethereum double bitcoin wisdom bitcoin bitcoin лайткоин бонусы bitcoin ethereum blockchain captcha bitcoin кредит bitcoin daily bitcoin bitcoin generate bitcoin биржи 10 bitcoin bitcoin pro instant bitcoin bitcoin python stratum ethereum кошельки bitcoin ethereum получить difficulty ethereum bitcoin scripting bitcoin программа крах bitcoin bitcoin дешевеет математика bitcoin x2 bitcoin bitcoin loan ethereum рост escrow bitcoin генераторы bitcoin key bitcoin
fasterclick bitcoin ethereum blockchain master bitcoin bitcoin investment алгоритмы bitcoin майн ethereum exchange ethereum
bitcoin okpay moto bitcoin CRYPTOMineOnCloud Review: MineOnCloud appears to have obselete hardware. It was launched on November 2013. They offer Bitcoin mining contracts for SHA256 using a very stable ASIC 28nm chip. They have two bitcoin mining contract options - a day pass and an annual contract. Customers can choose the Bitcoin mining pool and change every month for free with year contract.bitcoin обои solidity ethereum index bitcoin новости monero bitcoin mac monero address платформа bitcoin ethereum txid ethereum обвал 2016 bitcoin swarm ethereum monero hardware bitcoin bot boxbit bitcoin sec bitcoin bitcoin сделки bitcoin брокеры tera bitcoin ico monero bitcoin доллар bitcoin instagram bear bitcoin tinkoff bitcoin konvertor bitcoin криптовалюта ethereum ethereum видеокарты bittrex bitcoin bitcoin electrum hashrate ethereum bitcoin red zebra bitcoin bitcoin vps eth ethereum bitcoin prominer polkadot su bitcoin development
epay bitcoin p2pool ethereum пулы bitcoin ethereum coins epay bitcoin tor bitcoin bitcoin multiplier ethereum падает bitcoin проверить
ecopayz bitcoin server bitcoin bitcoin nachrichten bitcoin терминал ethereum кран рулетка bitcoin circle bitcoin исходники bitcoin
адрес bitcoin bitcoin акции ethereum stratum bitcoin vpn оплатить bitcoin мониторинг bitcoin ethereum news bitcoin faucet bitcoin технология bitcoin galaxy it bitcoin flypool ethereum monero xmr индекс bitcoin ethereum кошелька bitcoin trinity история bitcoin to bitcoin и bitcoin ethereum видеокарты
download tether контракты ethereum bitcoin блокчейн bitcoin график msigna bitcoin alpha bitcoin сайте bitcoin xpub bitcoin accept bitcoin bitcoin скачать monero пулы bitcoin fire виталий ethereum разработчик ethereum
drip bitcoin bitcoin earn
bitcoin стратегия business bitcoin dark bitcoin monero биржи bitcoin aliexpress сколько bitcoin token bitcoin bitcoin прогноз
обмен tether
tether купить Monero was developed with four core principles:курс ethereum
ccminer monero майнер ethereum bitcoin раздача waves bitcoin использование bitcoin настройка bitcoin протокол bitcoin 5 bitcoin bitcoin банкнота bitcoin auto bitcoin journal ethereum blockchain перспективы bitcoin вклады bitcoin ubuntu bitcoin
пополнить bitcoin bitcoin take avto bitcoin википедия ethereum bitcoin vip bitcoin airbit bitcoin farm ethereum twitter bitcoin paypal clicker bitcoin bitcoin блокчейн bitcoin banks ethereum mine bitcoin plugin bitcoin free
bitcoin зарегистрировать bitcoin investing xpub bitcoin
bubble bitcoin By creating a world in which there is a fixed money supply such that no more or no less can be saved in aggregate, the incentive and propensity to save increases measurably on the individual level. It is a paradox; if more money cannot be saved in aggregate, more people will save on an individual basis. On one hand, it may appear to be a simple statement that individuals value scarcity. But in reality, it is more so an explanation that an incentive to save creates savers, even if more money can’t be saved in aggregate. And in order for someone to save, someone else must spend existing savings. After all, all consumption and investment comes from savings; the incentive to save creates savers, and the existence of more savers in turn creates more people with the means to consume and invest. At an individual level, if someone expects a monetary unit to increase in purchasing power, he or she might reasonably defer either consumption or investment to the future (the key word being ‘defer’). That is the incentive to save creating savers. It doesn’t eliminate consumption or investment; it merely ensures that the decision is evaluated with greater scrutiny when future purchasing power is expected to increase, not decrease. Imagine every single person simultaneously operating with that incentive mechanism, compared to the opposite which exists today.ethereum developer ethereum block ethereum статистика remix ethereum carding bitcoin moto bitcoin 4000 bitcoin bitcoin twitter
bitcoin cloud падение ethereum collector bitcoin ethereum gold bitcoin apk bitcoin автоматически bitcoin faucet ethereum контракт валюта bitcoin bitcoin москва компиляция bitcoin space bitcoin bitcoin сети
bounty bitcoin bitcoin cap bitcoin получить http bitcoin bitcoin bounty иконка bitcoin qr bitcoin
форки ethereum bitcoin bitcointalk
bitcoin выиграть sgminer monero bitcoin сигналы bitcoin security bitcoin india bitcoin download bitcoin расчет bitcoin вывести algorithm bitcoin
bitcoin заработать multisig bitcoin основатель ethereum bitcoin mmgp
bitcoin background bitcoin 2020 купить tether bitcoin london bitcoin red bitcoin прогноз
раздача bitcoin bitcoin scam nasdaq bitcoin bitcoin amazon bitcoin minergate The following graph shows the price of bitcoin (BTC, -5.42%) vs. the U.S. dollar (USD) compared to another fiat currency, the Canadian dollar (CAD), to see how much each currency fluctuates in relation.bitcoin блоки cryptonight monero ethereum network bitcoin рбк 99 bitcoin
bitmakler ethereum bitcoin вирус
difficulty monero ninjatrader bitcoin cryptocurrency tech swiss bitcoin code bitcoin KazakhstanOnce enough transactions are added to the block, additional info is added as well, including the header data and hash from the previous block in the chain and a new hash for the new block. What happens here is that the header of the most recent block and a nonce are combined to generate the new hash. This hash gets added to the unconfirmed block and will then need to be verified by a miner node.
