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.
продажа bitcoin bitcoin today bitcoin ishlash
видео bitcoin
bitcoin сбор bitcoin обменять bitcoin calculator bitcoin gpu r bitcoin платформы ethereum ethereum перевод 2. How many cryptocurrencies are there? What are they worth?When I analyzed cryptocurrencies in 2017, I was concerned with cryptocurrency market share dilution. Bitcoin’s market share was near its low point, and still falling. What if thousands of cryptocurrencies are created and used, and therefore none of them individually retain much value? Each one is scarce, but the total number of all of them is potentially infinite. Even if just ten protocols take off, that could pose a valuation problem. If the total cryptocurrency market capitalization grows to $1 trillion, but is equally-divided among the top ten protocols for example, then that would be just $100 billion in capitalization for each protocol.bitcoin daily исходники bitcoin фонд ethereum россия bitcoin bitcoin daemon bitcoin nachrichten simplewallet monero bitcoin script deep bitcoin bitcoin register
заработай bitcoin bitcoin webmoney bitcoin maps ethereum обозначение cpa bitcoin платформы ethereum 6000 bitcoin mooning bitcoin hashrate bitcoin bitcoin cc bitcoin motherboard ethereum faucet ethereum аналитика decred ethereum ethereum forum bitcoin команды daemon monero bitcoin betting tether комиссии Easy to set uppeople bitcoin ethereum tokens верификация tether аналитика bitcoin plasma ethereum bitcoin mining халява bitcoin monero майнить
bitcoin софт agario bitcoin
прогноз bitcoin cubits bitcoin second bitcoin bitcoin 50 bitcoin unlimited bitcoin evolution ccminer monero bitcoin frog
roulette bitcoin ethereum contract bitcoin генераторы инвестиции bitcoin unconfirmed bitcoin bitcoin клиент bitcoin doubler bitcoin сети local bitcoin exmo bitcoin bitcoin spinner bitcoin vizit analysis bitcoin
Any node on the network that declares itself as a miner can attempt to create and validate a block. Lots of miners from around the world try to create and validate blocks at the same time. Each miner provides a mathematical 'proof' when submitting a block to the blockchain, and this proof acts as a guarantee: if the proof exists, the block must be valid.keystore ethereum bitcoin протокол история ethereum bitcoin registration bitcoin китай форк bitcoin torrent bitcoin express bitcoin bitcoin life bitcoin valet торги bitcoin криптовалюту bitcoin криптокошельки ethereum ropsten ethereum bitcoin терминал Now, if there is no central system, how would everyone in the system get to know that a certain transaction has happened? The network follows the gossip protocol. Think of how gossip spreads. Suppose Alice sent 3 ETH to Bob. The nodes nearest to her will get to know of this, and then they will tell the nodes closest to them, and then they will tell their neighbors, and this will keep on spreading out until everyone knows. Nodes are basically your nosy, annoying relatives.stealer bitcoin platinum bitcoin bitcoin vip
golden bitcoin bitcoin balance coinmarketcap bitcoin bitcoin slots get bitcoin заработок ethereum wallet cryptocurrency bitcoin обменники stock bitcoin bitcoin options
hd7850 monero bitcoin store gain bitcoin bitcoin ферма заработок ethereum bitcoin links by bitcoin bitcoin биржа site bitcoin
метрополис ethereum bitcoin legal
ethereum логотип chain bitcoin mist ethereum mac bitcoin 777 bitcoin 1080 ethereum ledger bitcoin cryptocurrency reddit proxy bitcoin сколько bitcoin сколько bitcoin billionaire bitcoin доходность ethereum
ethereum получить bitcoin книга bitcoin currency demo bitcoin генераторы bitcoin bitcoin update кредиты bitcoin запрет bitcoin xbt bitcoin buy tether сайте bitcoin bitcoin hashrate
bitcoin миксеры bitcoin фарминг ethereum обменники asus bitcoin trading cryptocurrency bitcoin сегодня bitcoin haqida
ethereum transactions bitcoin donate bitcoin source bitcoin kraken ethereum краны bitcoin платформа abc bitcoin иконка bitcoin bitcoin шахты Desperation begins to kick in, and the debate re-anchors once again. The narrative predictably shifts. It is no longer that bitcoin is not backed by anything, nor that it is flawed as a currency; instead, the debate centers on regulation and government authorities. In the final stage of grief, it is actually that bitcoin works too well, and as a consequence, the government will never let it happen and ban it. Really? So human ingenuity somehow re-invents money in a technologically superior medium, the consequences of which are mind-bending, and the government is somehow going to ban that? Recognize that in claiming as much, the skeptics are admitting defeat. It is the dying whimper in a series of failed arguments. The skeptics simultaneously accept that there is fundamental demand for bitcoin and then pivot to the unfounded belief that governments can ban it.Blockchain technology offers new tools for authentication and authorization in the digital world that preclude the need for many centralized administrators. As a result, it enables the creation of new digital relationships.email bitcoin bitcoin кликер скачать bitcoin ethereum pools mining bitcoin
bitcoin conf bitcoin робот monero майнер ethereum настройка blue bitcoin
bitcoin earn usb tether ethereum ubuntu attack bitcoin hit bitcoin bitcoin bloomberg bitcoin взлом bitcoin fire bitcoin депозит bitcoin etherium
hosting bitcoin bitcoin blog by bitcoin ethereum майнить bitcoin indonesia bitcoin register bitcoin форки карты bitcoin bitcoin xl widget bitcoin iota cryptocurrency
Ethereum developers are looking to solve this problem using 'cryptoeconomic incentives' that drive users of a system to act a certain way – in this case, ensuring that nodes are passing on valid information to other nodes.ethereum pool So if the basic idea is accessible, and it’s useful on consumer-grade hardware for the last 20 years or so, then what’s the problem?bitcoin minergate bitcoin price bitcoin цены bitcoin golden
monero js monero spelunker bitcoin биткоин ethereum обменники aml bitcoin
торги bitcoin bitcoin book uk bitcoin miningpoolhub ethereum обсуждение bitcoin игра bitcoin bitcoin eth bitcoin qt установка bitcoin bitcoin это альпари bitcoin уязвимости bitcoin bitcoin balance bitcoin change stealer bitcoin биржа ethereum bitcoin рейтинг doge bitcoin bitcoin адрес bitcoin карта
bitcoin eu bitcoin миксер
simple bitcoin bitcoin metatrader новости monero make bitcoin иконка bitcoin demo bitcoin ethereum myetherwallet bitcoin life
best bitcoin tether майнинг wikipedia cryptocurrency tether iphone 1 ethereum moneybox bitcoin график monero bitcoin buying waves bitcoin bitcoin майнер cryptocurrency wikipedia bitcoin reklama ethereum прогноз seed bitcoin bitcoin бизнес
bitcoin магазин ethereum windows reddit cryptocurrency ethereum swarm bitcoin co takara bitcoin
ethereum cryptocurrency ethereum code bitcoin shops bitcoin майнер ethereum homestead bitcoin instant bitcoin обмен форекс bitcoin
курс ethereum explorer ethereum matrix bitcoin bitcoin мерчант ethereum получить make bitcoin основатель ethereum приложение tether ethereum miner python bitcoin eos cryptocurrency darkcoin bitcoin monero usd 1 monero rocket bitcoin проекта ethereum difficulty ethereum bitcoin эфир new bitcoin monero transaction tabtrader bitcoin monero кран bitcoin хайпы эфир ethereum перспективы ethereum ecdsa bitcoin конференция bitcoin bitcoin transaction bitcoin loan metal bitcoin bitcoin faucets bitcoin multiplier
ethereum com bitcoin xpub bitcoin pay регистрация bitcoin фото bitcoin bitcoin air ютуб bitcoin bitcoin symbol bitcoin ira ethereum calculator nanopool ethereum bitfenix bitcoin bitcoin прогноз galaxy bitcoin collector bitcoin
rotator bitcoin bitcoin ваучер monero coin datadir bitcoin site bitcoin бесплатный bitcoin платформ ethereum monero обменник keyhunter bitcoin
bitcoin anonymous bitcoin code bitcoin apk bittrex bitcoin cubits bitcoin bitcoin пополнение bitcoin ключи
bitcoin автоматически bitcoin ledger cranes bitcoin ethereum blockchain bitcoin mac ethereum wikipedia monero майнинг cryptocurrency reddit ethereum siacoin hashrate bitcoin описание bitcoin china bitcoin bitcoin friday bitcoin скрипт майнер monero bitcoin сеть What is to stop you from making a copy, and signing the same unit of e-cash over to two different people?bitcoin отследить
bitcoin 2020 vizit bitcoin monero blockchain bitcoin видеокарты ethereum пул bitcoin accelerator
ethereum calculator обменник ethereum bitcoin cny ethereum получить secp256k1 bitcoin ферма bitcoin ethereum калькулятор bitcoin fox
top tether sportsbook bitcoin cryptocurrency dash ethereum transaction bitcoin биржа бесплатный bitcoin bitcoin vip fasterclick bitcoin арестован bitcoin bitcoin analysis icon bitcoin яндекс bitcoin
заработок ethereum ethereum coin habrahabr bitcoin
обновление ethereum bitcoin accepted tether курс accepts bitcoin продать monero bitcoin future bitcoin analysis hashrate bitcoin
сбербанк bitcoin bitcoin world bitcoin future cryptocurrency tech сеть ethereum символ bitcoin ethereum ротаторы bitcoin программирование blake bitcoin wmz bitcoin bitcoin обменники кошельки bitcoin
купить bitcoin bubble bitcoin bitcoin cgminer boxbit bitcoin monero node ethereum shares
терминалы bitcoin bitcoin pay secp256k1 ethereum happy bitcoin pool monero bag bitcoin
cryptocurrency mining bitcoin development hd7850 monero bitcoin maps bitcoin easy bitcoin asics credit bitcoin
email bitcoin bitcoin proxy bitcoin мастернода bitcoin кран ava bitcoin пополнить bitcoin abi ethereum the ethereum coinder bitcoin ethereum 1070 bitcoin ebay ethereum ubuntu conference bitcoin
bitcoin ваучер
ropsten ethereum get bitcoin bitcoin index конвертер bitcoin bitcoin neteller reddit ethereum deep bitcoin ethereum получить capitalization bitcoin ethereum pools tether приложение bitcoin mining Forward Compatibilitybitcoin отзывы bitcoin сбербанк вывод monero теханализ bitcoin валюта tether майнинга bitcoin криптовалюта tether
mmgp bitcoin bitcoin card bitcoin сигналы cudaminer bitcoin bonus bitcoin faucet cryptocurrency bitcoin fan dwarfpool monero bitcoin com
monero gui биткоин bitcoin bitcoin автокран transaction bitcoin abc bitcoin фото bitcoin india bitcoin 500000 bitcoin bitcoin комиссия bitcoin rpc история ethereum конвертер bitcoin ethereum покупка bitcoin data bitcoin игры etoro bitcoin lealana bitcoin loan bitcoin
bitcoin conference майнить bitcoin antminer bitcoin bitcoin change bonus bitcoin monero algorithm monero cpuminer ethereum игра tether download
bitcoin dynamics armory bitcoin machines bitcoin An important feature of the protocol is that, although it may seem like one is trusting many random nodes not to decide to forget the file, one can reduce that risk down to near-zero by splitting the file into many pieces via secret sharing, and watching the contracts to see each piece is still in some node's possession. If a contract is still paying out money, that provides a cryptographic proof that someone out there is still storing the file.bitcoin node клиент ethereum
ethereum flypool bitcoin 99 ethereum blockchain платформу ethereum ethereum википедия bitcoin проверить bitcoin торговля ebay bitcoin
ethereum plasma logo bitcoin заработка bitcoin china bitcoin ethereum client flypool ethereum bitcoin карты bitcoin air рост bitcoin ethereum заработок
service bitcoin film bitcoin pplns monero ad bitcoin bitcoin base продам ethereum ethereum контракты капитализация ethereum london bitcoin monero майнинг инструкция bitcoin кредиты bitcoin bitcoin проблемы bitcoin обозначение According to some sources, bitcoin is increasingly being used for money laundering. But blockchain analytics startups and crypto tracing firms are rolling out new tools to help exchanges comply with anti-money laundering standards. And anyway, bitcoin is not, as is commonly believed, a good vehicle for money laundering, extorsion or terrorism financing, since it is both traceable and transparent – as a spate of recent arrests can attest.How Cryptocoin Mining Worksethereum пул bitcoin минфин ethereum краны sec bitcoin bitcoin перевести all cryptocurrency arbitrage bitcoin bitcoin бонус ethereum заработок
биржа monero bitcoin swiss homestead ethereum
bitcoin registration bitcoin obmen bitcoin up пирамида bitcoin deep bitcoin код bitcoin бесплатные bitcoin tracker bitcoin bitcoin gadget bitcoin cloud raiden ethereum bitcoin cap калькулятор bitcoin
xpub bitcoin bitcoin sha256 bitcoin calculator ethereum 4pda калькулятор bitcoin georgia bitcoin bitcoin super bitcoin пирамиды bitcoin вконтакте bitcoin майнить
tether 2 bitcoin ocean bitcoin иконка safe bitcoin pow bitcoin bitcoin пополнение nicehash monero For example, you likely have curtains over your windows so that people can’t see into your home. This isn’t because you are undertaking illegal or immoral activities, but simply because you don’t wish to worry about the potential cost of revealing yourself to the outside world.настройка ethereum bitcoin all вывод monero bitcoin trend tether верификация сложность monero Why Do Transactions Fail?tether обменник qiwi bitcoin bitcoin банк price bitcoin bitcoin exchange tether верификация bitcoin зарабатывать bistler bitcoin код bitcoin ethereum gas china bitcoin bitcoin переводчик bitcoin flip кредиты bitcoin kupit bitcoin ethereum swarm ethereum история future bitcoin bitcoin брокеры bitcoin habr tracker bitcoin http bitcoin linux ethereum direct bitcoin buy tether bitcoin hosting boxbit bitcoin кошельки ethereum tor bitcoin bitcoin spin lurk bitcoin Wondering where to buy Ripple? Maybe still need a bit clarification on what is Ripple? Read our guide on Where to Buy Ripple and find out!bitcoin mine monero simplewallet bitcoin playstation neo bitcoin платформы ethereum bitcoin форумы ethereum wallet twitter bitcoin bitcoin services car bitcoin android tether
новый bitcoin
bitcoin video bitcoin cranes alpha bitcoin net bitcoin bitcoin price bitcoin gadget ethereum покупка bitcoin терминалы ethereum форки bitcoin пицца ethereum solidity продам ethereum
bestexchange bitcoin bitcoin converter bitcoin qiwi bitcoin code hashrate bitcoin tether wallet ethereum news bitcoin шахта ethereum получить locate bitcoin bitcoin antminer
bitcoin покупка ethereum twitter vector bitcoin теханализ bitcoin bitcoin ukraine bitcoin bux local ethereum 99 bitcoin удвоитель bitcoin ccminer monero bitcoin 0 майнер bitcoin bitcoin world ethereum poloniex bitcoin auction mooning bitcoin tether usd bitcoin lion digi bitcoin prune bitcoin koshelek bitcoin habrahabr bitcoin bitcoin халява удвоитель bitcoin bitcoin дешевеет bitcoin приложения rpc bitcoin telegram bitcoin ecopayz bitcoin my ethereum monero пул half bitcoin книга bitcoin bitcoin торги
bitcoin продам bitcoin форк monero пулы bear bitcoin bitcoin ads bitcoin changer bitcoin япония casino bitcoin eos cryptocurrency bitcoin trojan bitcoin paper Bitcoins are stewarded by miners, the network of people who contribute their personal computer resources to the bitcoin network. Miners act as ledger keepers and auditors for all bitcoin transactions. Miners are paid for their accounting work by earning new bitcoins for the amount of resources they contribute to the network.bitcoin шрифт 2048 bitcoin ethereum клиент bitcoin allstars cryptocurrency price bitcoin payeer ethereum io bitcoin сервисы bitcoin вклады бот bitcoin capitalization cryptocurrency bitcoin зарегистрироваться bitcoin продажа динамика ethereum bitcoin телефон
abi ethereum автомат bitcoin
exchange bitcoin
