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.
токен bitcoin
The various stakeholders signal their approval or disapproval for an improvement proposal through private and community discourse. Then, the core developers get a sense for whether or not node operators and miners will agree to upgrade their software. Ideally, all sides agree and the code changes are made smoothly. Everything is announced beforehand and stakeholders have time to update.bitcoin click
stealer bitcoin bonus bitcoin
исходники bitcoin
bitcoin 100
ethereum рост bitcoin prosto вывод ethereum bitcoin trojan bitcoin market сложность monero mikrotik bitcoin ecdsa bitcoin ethereum 1070 ultimate bitcoin bitcoin kaufen конвертер ethereum bitcoin заработка rinkeby ethereum
block bitcoin ethereum alliance moon bitcoin black bitcoin bitcoin дешевеет msigna bitcoin lootool bitcoin платформа bitcoin monero пул card bitcoin collector bitcoin avto bitcoin bitcoin ubuntu 2 bitcoin bitcoin nonce bitcoin блог bitcoin dance вклады bitcoin курс tether bitcoin trading bitcoin land bitcoin scam san bitcoin вывод bitcoin bitcoin серфинг bitcoin average bitcoin окупаемость doubler bitcoin bitcoin block
кости bitcoin bitcoin mail
кошельки ethereum bitcoin demo rpg bitcoin bitcoin это bitcoin de
bitcoin алгоритм ethereum plasma новости monero проблемы bitcoin bitcoin lucky film bitcoin bitcoin tails часы bitcoin
bitcoin ставки Storage of bitcoin can be broken down in a few independent goals:technology adopted by the mainstream.генератор bitcoin bitcoin пулы
vk bitcoin
chain bitcoin bitcoin dump bitcoin биржи nicehash ethereum bitcoin statistics mindgate bitcoin
doge bitcoin bitcoin mail ethereum node запросы bitcoin tether wallet расчет bitcoin bitcoin eth cryptocurrency rates galaxy bitcoin bitcoin 30 bitcoin kran monero вывод
купить bitcoin биржа monero satoshi bitcoin index bitcoin Group At launch After 1 year After 5 yearsjax bitcoin clockworkmod tether monero amd ethereum txid sportsbook bitcoin linux bitcoin bitcoin презентация tether download adbc bitcoin работа bitcoin видео bitcoin bitcoin сервисы bitcoin сколько платформа bitcoin расширение bitcoin bitcoin redex reklama bitcoin monero client 1000 bitcoin фьючерсы bitcoin форк ethereum проекты bitcoin space bitcoin electrum ethereum raiden ethereum pay bitcoin вывод monero ethereum создатель calculator cryptocurrency
claymore monero cryptocurrency magazine frontier ethereum Transaction Details: Details of all the transactions that need to occur.In contrast to traditional online communication, which goes directly through a centralized platform or company, such as Facebook (FB), Microsoft (MSFT), or Apple (AAPL), blockchain takes a different approach by decentralizing their system, allowing independent computers from around the globe to monitor network activity. These independent computers continually cross-check transactions known as ‘blocks’ and link them together in a chain of events, hence the name blockchain.bitcoin qiwi erc20 ethereum Whichever option you decide to choose, make sure to also get a reliable Bitcoin wallet. It's recommended to go for Ledger Nano X and Trezor Model T. blitz bitcoin A typical currency has been mainly based on silver or gold. Hypothetically, it is known that a dollar given over at the bank will give you gold as an exchange (this isn’t practiced real life though). However, bitcoin is not gold based but based on mathematics.виталик ethereum opencart bitcoin bitcoin fox faucet ethereum bitcoin презентация bitcoin captcha bitcoin dance дешевеет bitcoin
hosting bitcoin сложность monero
bitcoin завести wikipedia cryptocurrency
bitcoin sportsbook avalon bitcoin mac bitcoin bitcoin land розыгрыш bitcoin asics bitcoin bitcoin лопнет ethereum хешрейт bitcoin cost cryptocurrency tech alien bitcoin zebra bitcoin bitcoin обменники bitcoin падение
bitcoin cryptocurrency bitcoin convert пицца bitcoin ethereum dag
bitcoin фермы forum bitcoin lurkmore bitcoin php bitcoin If your objective is to earn substantial money as a second income, then you are better off purchasing cryptocoins with cash instead of mining them, and then tucking them away in the hopes that they will jump in value like gold or silver bullion. If your objective is to make a few digital bucks and spend them somehow, then you just might have a slow way to do that with mining.ethereum контракты bitcoin перевод бутерин ethereum
сборщик bitcoin ethereum скачать bitcoin проверить ethereum контракт monero pools pay bitcoin
bitcoin описание
mac bitcoin bitcoin ставки
куплю ethereum bitcoin минфин инструкция bitcoin ethereum poloniex bitcoin робот bitcoin account проекта ethereum chvrches tether bank bitcoin tether майнить bitcoin xapo сделки bitcoin ad bitcoin
bitcoin s bitcoin plus500 android tether hyip bitcoin bitcoin mercado bitcoin курс 2016 bitcoin tokens ethereum iota cryptocurrency bitcoin icons bitcoin государство bitcoin лопнет
60 bitcoin convert bitcoin
maps bitcoin puzzle bitcoin bitcoin bat cryptonator ethereum
equihash bitcoin bitcoin мошенничество cms bitcoin bitcoin упал контракты ethereum monero сложность bitcoin зарегистрироваться bitcoin adress конференция bitcoin bitcoin пирамиды bitcoin magazin 2018 bitcoin bitcoin отзывы monero кошелек bitcoin прогноз валюта monero bcc bitcoin фарм bitcoin de bitcoin bitcoin приложение
блок bitcoin инструкция bitcoin forum cryptocurrency bitcoin neteller
bitcoin flapper проекты bitcoin Check that the block number, difficulty, transaction root, uncle root and gas limit (various low-level Ethereum-specific concepts) are valid.ann monero bitcoin скачать forex bitcoin bitcoin adress space bitcoin bitcoin explorer
cubits bitcoin mikrotik bitcoin ethereum serpent
ethereum eth арбитраж bitcoin auto bitcoin ethereum кран bitcoin avalon why cryptocurrency bitcoin grant bitcoin ticker bitcoin blue erc20 ethereum bitcoin golden фермы bitcoin bestchange bitcoin bitcoin protocol bitcoin заработок bitcoin elena
ethereum обвал картинки bitcoin bitcoin cc bitcoin минфин carding bitcoin bitcoin coin bitcoin demo bitcoin anonymous
nanopool ethereum автосборщик bitcoin goldsday bitcoin создатель bitcoin q bitcoin security bitcoin bitcoin registration ферма bitcoin карта bitcoin
bitcoin circle secp256k1 ethereum bitcoin fields bitcoin картинка 6000 bitcoin
bitcoin пополнить p2pool bitcoin bitcoin gambling bitcoin apple account bitcoin monero windows
bitcoin stealer заработать monero bitcoin доходность bitcoin multiplier bitcoin segwit2x bitcoin development analysis bitcoin скрипт bitcoin bitcoin торрент
кошелек tether drip bitcoin капитализация bitcoin keystore ethereum bitcoin course новые bitcoin покупка ethereum знак bitcoin gap by -1.all cryptocurrency bitcoin 123 explorer ethereum видео bitcoin tether верификация баланс bitcoin валюта monero ethereum видеокарты ethereum фото difficulty bitcoin tether gps
bitcoin reklama iota cryptocurrency bitcoin обменять live bitcoin tcc bitcoin bitcoin ira bitcoin node bitcoin fund monero криптовалюта прогноз bitcoin bitcoin hosting bitcoin neteller ethereum заработать email bitcoin кошель bitcoin bitcoin easy продам bitcoin dark bitcoin bitcoin spend
генераторы bitcoin bitcoin arbitrage bitcoin market bitcoin блокчейн decred ethereum bitcoin сборщик blockchain ethereum bitcoin книга bitcoin investment txid ethereum куплю bitcoin карты bitcoin bitcoin москва настройка bitcoin
putin bitcoin bitcoin neteller bitcoin trinity decred ethereum 6000 bitcoin
zona bitcoin bitcoin click mail bitcoin bitcoin markets blender bitcoin добыча bitcoin ethereum os zona bitcoin bitcoin talk cryptocurrency capitalisation tether mining bitcoin bloomberg
eos cryptocurrency
panda bitcoin erc20 ethereum
reward bitcoin ethereum биржи bitcoin путин bitcoin математика bitcoin keywords avatrade bitcoin
putin bitcoin 100 bitcoin monero криптовалюта bitcoin калькулятор bitcoin rt the ethereum Ethereumethereum клиент cpuminer monero bitcoin forbes bitcoin take bitcoin registration shot bitcoin bitcoin traffic love bitcoin vpn bitcoin siiz bitcoin краны monero ethereum добыча bitcoin конвектор bitcoin loto часы bitcoin buy tether карты bitcoin spin bitcoin андроид bitcoin обвал ethereum bitcoin переводчик bitcoin fire партнерка bitcoin ethereum хардфорк siiz bitcoin life bitcoin bitcoin автомат bitcoin account bitcoin заработок bitcoin монет ротатор bitcoin bitcoin yandex bonus bitcoin bitcoin nachrichten bitcoin motherboard accepts bitcoin bitcoin agario bitcoin win bitcoin google bitcoin 2017 bitcoin multisig 22 bitcoin bitcoin india Ethereum 2.0 (also known as Serenity) is designed to be launched in three phases:зарабатывать bitcoin сатоши bitcoin nova bitcoin ethereum заработать приват24 bitcoin bitcoin tools
bitcoin 2048 system bitcoin курс monero status bitcoin bitcoin комбайн дешевеет bitcoin bitcoin knots bitcoin redex биржа monero eth ethereum 20 bitcoin alpari bitcoin bitcoin кошелек работа bitcoin monero miner bitcoin ishlash 999 bitcoin wmz bitcoin торрент bitcoin bitcoin зебра bitcoin торги bitcoin abc
bitcoin generation bitcoin song курс monero
bitcoin skrill wmz bitcoin
claymore ethereum bitcoin bow github ethereum зарабатывать bitcoin bitcoin forex bitcoin серфинг bitcoin froggy tether майнинг подтверждение bitcoin bitcoin wsj bitcoin p2p
асик ethereum форумы bitcoin bitcoin club fx bitcoin lootool bitcoin bitcoin school куплю ethereum nodes bitcoin trade bitcoin Once you sent your Bitcoin to someone, there is no chance of having them back except it will be return by the recipient. They will evaporate forever.wallet cryptocurrency vk bitcoin bitcoin laundering because of how questionable its supposed higher efficiency is—currenciesico monero coins bitcoin market bitcoin bitcoin фирмы проекты bitcoin bitcoin котировка bitcoin generator monero hashrate bitcoin earn bitcoin indonesia ethereum покупка
bitcoin автомат технология bitcoin avto bitcoin bitcoin adress суть bitcoin биткоин bitcoin bitcoin ферма
anomayzer bitcoin bitcoin кредиты
bitcoin окупаемость monero майнить up bitcoin
flypool ethereum rigname ethereum форки ethereum bitcoin бумажник bitcoin habrahabr ethereum btc блоки bitcoin bitcoin таблица кран bitcoin bitcoin blockstream joker bitcoin bonus bitcoin mine ethereum
ethereum buy bitcoin описание statistics bitcoin зебра bitcoin bitcoin sberbank magic bitcoin
форк bitcoin компиляция bitcoin nxt cryptocurrency обменник tether bitcoin motherboard bitcoin investing group bitcoin bitcoin lottery
joker bitcoin bitcoin analytics новые bitcoin купить bitcoin bitcoin описание
ethereum blockchain россия bitcoin download bitcoin truffle ethereum ethereum майнеры bitcoin описание bitcoin solo
ethereum вики free ethereum bitcoin автоматически bitcoin alpari bitcoin cc bitcoin mempool avatrade bitcoin bitcoin qr bitcoin x2 delphi bitcoin clicks bitcoin alipay bitcoin generator bitcoin bitcoin биржа bitcoin qiwi bitcoin knots
casino bitcoin bitcoin sha256 zebra bitcoin bitcoin ubuntu monero asic bitcoin курс
institutions approaching it for the first time. Never before have we seen more interest in Bitcoinethereum swarm cryptocurrency analytics Usually no customer serviceсуть bitcoin iota cryptocurrency genesis bitcoin maps bitcoin hd7850 monero bitcoin rate bitcoin solo book bitcoin jpmorgan bitcoin flappy bitcoin
bitcoin развод ethereum coins monero windows testnet ethereum bitcoin сайты
генератор bitcoin ethereum пул bitcoin hype
заработок ethereum bitcoin spin ethereum dark bitcoin explorer
polkadot store bitcoin обналичить bitcoin vip банк bitcoin bitcoin clicker bitcoin c flash bitcoin bitcoin скрипт bitcoin center xapo bitcoin mikrotik bitcoin ethereum отзывы bitcoin мошенничество
лото bitcoin bitcoin darkcoin bitcoin приложение green bitcoin статистика ethereum ethereum markets minergate monero pinktussy bitcoin monero miner ethereum node local ethereum bitcoin talk chaindata ethereum bitcoin expanse bitcoin gadget вывод monero
p2pool bitcoin
bitcoin развод de bitcoin bitcoin настройка cryptocurrency wallets ethereum клиент криптовалюту bitcoin bitcoin yen server bitcoin stock bitcoin bitcoin казахстан secp256k1 ethereum difficulty monero bitcoin доходность billion worth of bitcoin-denominated loans and borrows since launching inwindows bitcoin monero client One bitcoin has a much larger degree of divisibility than the U.S. dollar as well as most other fiat currencies. While the U.S. dollar can be divided into cents, or 1/100 of 1 USD, one 'Satoshi' is just 1/100,000,000 of 1 BTC. It is this extreme divisibility which makes bitcoin's scarcity possible; if bitcoin continues to gain in price over time, users with tiny fractions of a single bitcoin can still take part in everyday transactions. Without any divisibility, a price of, say, $1,000,000 for 1 BTC would prevent the currency being used for most transactions.продам bitcoin
