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.
взлом bitcoin bitcoin paper These debates can be very technical, and sometimes heated, but are informative for those interested in the mixture of democracy, consensus and new opportunities for governance experimentation that blockchain technology is opening up.How does Bitcoin work?bitcoin cms автомат bitcoin cryptocurrency faucet обмен ethereum bitcoin super ccminer monero charts bitcoin widget bitcoin
us bitcoin
криптокошельки ethereum bitcoin algorithm bitcoin plus платформа ethereum bitcoin авито wiki bitcoin 5 bitcoin
monero usd tether mining
Fungibility simply means that units of a currency (or asset) are interchangeable. For example, a $100 bill can be replaced by another $100 bill, or even two $50 bills. This is what makes fiat currency (USD, EUR, JPY, etc.) fungible.bitcoin neteller bitcoin tools cryptocurrency это сложность ethereum bitcoin rotator клиент bitcoin bitcoin forex monero обменять ethereum swarm bitcoin hesaplama bitcoin pps bitcoin spinner сервера bitcoin bitcoin reserve ethereum прибыльность bitcoin betting ethereum капитализация
хардфорк bitcoin flash bitcoin ethereum calc bitcoin автор bitcoin unlimited pizza bitcoin книга bitcoin email bitcoin код bitcoin bitcoin подтверждение
bitcoin покер пополнить bitcoin
bitcoin youtube ethereum обмен bitcoin monkey
bitcoin dance ethereum картинки ethereum контракты x bitcoin серфинг bitcoin bitcoin hash game bitcoin bitcoin x bitcoin change invest bitcoin bitcoin club british bitcoin bitcoin circle bitcoin сервисы lealana bitcoin bot bitcoin взлом bitcoin love bitcoin bitcoin base nanopool monero phoenix bitcoin up bitcoin курсы bitcoin bitcoin s bitrix bitcoin bitcoin cgminer bank cryptocurrency qiwi bitcoin 6000 bitcoin bitcoin knots компания bitcoin wirex bitcoin bitcoin 4
основатель ethereum trust bitcoin monero биржи системе bitcoin bitcoin дешевеет bitcoin сети 15 bitcoin plasma ethereum кости bitcoin
кошелек monero bitcoin plus bitcoin шифрование korbit bitcoin purse bitcoin micro bitcoin bitcoin покупка amazon bitcoin ethereum ubuntu bitcoin server bitcoin icon collector bitcoin bitcoin golden bitcointalk monero обвал ethereum bitcoin lurkmore проблемы bitcoin monero free magic bitcoin rise cryptocurrency bitcoin fan video bitcoin takara bitcoin bitcoin баланс проблемы bitcoin bitcoin pizza
краны ethereum bitcoin создатель bitcoin торрент bitcoin рулетка андроид bitcoin iota cryptocurrency ethereum php bitcoin ruble fpga ethereum my ethereum rotator bitcoin bitcoin кэш bitcoin kurs анимация bitcoin amazon bitcoin best bitcoin Nassim Taleb writes about how a very small intransigent minority can force its preference on the majority, referring to it as the minority rule and explaining why The Most Intolerant Wins. Bitcoin (and monetary systems) are a perfect example of this phenomenon. If a very small minority converges on the belief that bitcoin has superior monetary properties and will not accept your form of digital (or traditional) currency as money, while less convicted market participants accept both bitcoin and other currencies, the intolerant minority wins. This is exactly what is happening in the global competition for digital currency supremacy. A small minority of market participants has determined that only bitcoin is viable, rejecting the monetary properties of all other digital currencies, while the majority is willing to accept bitcoin along with the field. Because of its intransigence, the minority is slowly forcing its preference on the majority. In the world of digital currencies, diversifying by picking the field is the equivalent of letting the crowd (or the intolerant minority) choose what your future money will be, while resigning yourself to only a fraction of what you otherwise would have saved. Evaluate the trade-offs and consider the minority rule before trading in your hard-earned value for a flyer. Money doesn’t grow on trees.ethereum ios bitcoin работать bitcoin cms birds bitcoin
bitcoin earn bitcoin database bitcoin switzerland blogspot bitcoin polkadot ico system that is likely the most indebted in the history of the world) is wise tofoto bitcoin bitcoin кредит 60 bitcoin ethereum shares bitcoin land bitcoin cranes nanopool monero email bitcoin ethereum акции flypool ethereum bitcoin best playstation bitcoin solo bitcoin ad bitcoin 5 bitcoin bitcoin word ethereum логотип pay bitcoin Modern-day engineers have made repeated efforts to create organizations which enforce ethical principles in their fields, including:1. Developer Drawтерминалы bitcoin bitcoin community ethereum org bitcoin flip weekend bitcoin халява bitcoin сложность monero forecast bitcoin конференция bitcoin bus bitcoin bitcoin community bitcoin metal bitcoin книга bitcoin часы bitcoin uk bitcoin torrent заработок bitcoin the ethereum bitcoin drip best bitcoin Monero introduced the RandomX proof of work algorithm in November 2019 to further increase resistance to ASIC mining.bitcoin fake хайпы bitcoin bitcoin config bitcoin hash bitcoin tor комиссия bitcoin bitcoin bounty биржа ethereum ethereum tokens bitcoin торги bitcoin demo bitcoin github bitcoin расшифровка advcash bitcoin вложить bitcoin balance bitcoin polkadot ico difficulty bitcoin polkadot store заработок ethereum
casino bitcoin tx bitcoin продажа bitcoin bitcoin click bitcoin c bitcoin оплата bitcoin history bitcoin автомат ethereum аналитика алгоритм bitcoin
battle bitcoin bitcoin лайткоин bitcoin etf bitcoin euro pirates bitcoin ann monero bitcoin doubler bitcoin journal bitcoin take usb tether icons bitcoin bitcoin javascript bitcoin 10 bitcoin widget bitcoin хардфорк bitcoin 2020 monero кран ethereum script bitcoin freebie monero pro bitcoin мошенничество bitcoin скачать
coffee bitcoin
maps bitcoin usa bitcoin ethereum rotator 999 bitcoin metal bitcoin 99 bitcoin payable ethereum прогноз ethereum bitcoin foto bitcoin multiplier bitcoin download moneypolo bitcoin ethereum pools bitcoin strategy monero spelunker aml bitcoin bitcoin книга продам bitcoin bitcoin girls bitcoin global stats ethereum bitcoin weekend
bitcoin casascius bitcoin sha256 bitcoin робот Beyond that, the field of cryptocurrencies has expanded dramatically since Bitcoin was launched over a decade ago, and the next great digital token may be released tomorrow.joker bitcoin bitcoin транзакции ethereum сегодня bitcoin funding ethereum видеокарты
tether wallet get bitcoin Account stateBitcoin is also pseudo-anonymous. In practice, each user is identified by the address of his or her wallet, which can be used to track transactions. Law enforcement has also developed methods to identify users if necessary. Most exchanges are required by law to perform identity checks on their customers before they are allowed to buy or sell bitcoin. This means an exchange-assigned wallet address is most likely connected to a particular user. However, cryptocurrency wallets are not limited to exchanges or other online services, and a wallet generated by an anonymous user on a single computer is fairly difficult to trace. Further, every transaction on the network is fully transparent, a fact that concerns some privacy advocates. Ultimately, tracing a bitcoin transaction to a specific person is difficult but not impossible, and any statements describing the 'anonymity' of bitcoin are inaccurate.generator bitcoin paidbooks bitcoin flypool monero
bitcoin vip bitcoin euro bitcoin changer redex bitcoin bitcoin investing разработчик bitcoin
security bitcoin mt4 bitcoin бесплатный bitcoin ethereum заработок
blockchain bitcoin bitcoin hash server bitcoin падение ethereum bitcoin wikipedia bitcoin usb bitcoin config bitcoin favicon bitcoin coinmarketcap bitcoin download bitcoin xt bitcoin dat aliexpress bitcoin ethereum обозначение новости monero обменники bitcoin индекс bitcoin monero bitcointalk nicehash monero ethereum fork bitcoin dance bitcoin технология ethereum аналитика bitcoin surf cryptocurrency price unconfirmed monero datadir bitcoin криптовалюта tether
mac bitcoin bitcoin упал unconfirmed monero ethereum calc картинка bitcoin de bitcoin bitcoin hash bitcoin значок bitmakler ethereum options bitcoin
bitcoin миллионеры кран bitcoin bitcoin video
биржи bitcoin
5 bitcoin bitcoin loan динамика ethereum
bitcoin doge satoshi bitcoin hit bitcoin bitcoin neteller ethereum dark bitcoin daily q bitcoin bitcoin cryptocurrency
cryptocurrency mining bitcoin бесплатный история ethereum monero майнить bitcoin lurkmore
ethereum майнить decred cryptocurrency вложения bitcoin подтверждение bitcoin games bitcoin майнеры ethereum обновление ethereum заработать bitcoin games bitcoin bitcoin block инструкция bitcoin пожертвование bitcoin frontier ethereum bitcoin msigna краны monero wired tether bitcoin отследить акции ethereum ios bitcoin bitcoin pay entrepreneurial endeavors in a more rational way.зарегистрировать bitcoin Ledger Nano X Reviewflex bitcoin Bitcoin uses a proof-of-work system. What is proof of work? It is a piece of data that's very hard to produce (meaning it takes a lot of time or costs a lot of money) but can be easily verified by others, and it satisfies specific requirements. With bitcoin, proof of work is a competition among miners who want to add a block to the Blockchain—meaning they have to find the nonce value for the block by solving a mathematical puzzle. Once a miner discovers a nonce value, he or she spreads the word throughout the network, and if other miners validate the claim, the miner is rewarded with 12.5 bitcoins or another form of compensation. Finding a nonce value also adds that block to the Blockchain.tether gps You can trade online with crypto exchanges like Binance, Bitstamp, and Coinbase. You can also arrange to trade cryptocurrencies in-person with peer-to-peer sites like LocalBitcoins.com.1 ethereum bitcoin flex bitcoin api
андроид bitcoin cryptocurrency market bitcoin usd future bitcoin
bitcoin работа money bitcoin bitcoin основы
bitcoin zona разработчик ethereum
cryptocurrency chart ethereum получить bitcoin мошенничество
ethereum faucet payoneer bitcoin ethereum алгоритм bitcoin описание blue bitcoin space bitcoin ethereum code bitcoin agario bitcoin gpu
ютуб bitcoin робот bitcoin bitcoin cards
the ethereum
проекта ethereum all cryptocurrency bitcoin начало It is important to use Bitcoin as part of a diversified portfolio. It offers a counterbalance to a series of growing risks that are associated with traditionalethereum создатель cryptocurrency dash bitcoin cli equihash bitcoin > Recall that in 2005ASIC$142.9 billionethereum erc20 bitcoin cli ethereum news cryptocurrency forum What is Bitcoin? Many have attempted to answer this question, but I believe that our quest to do so is doomed to continue in perpetuity. The continuing development of the protocol is where the cutting edge of research into what Bitcoin is and discussion about what it should strive to be actually occurs.инструкция bitcoin pos ethereum сложность ethereum
bitcoin adress bitcoin сервисы bitcoin символ nubits cryptocurrency ethereum usd bitcoin сервисы 50 bitcoin bitcoin bcc bitcoin заработок bitcoin покупка торги bitcoin card bitcoin bitcoin растет bye bitcoin bitcoin cracker metropolis ethereum the ethereum
ethereum asics box bitcoin bitcoin alliance blacktrail bitcoin bitcoin alliance bitcoin banking bitcoin вконтакте kupit bitcoin location bitcoin bitcoin список проект bitcoin download bitcoin перспектива bitcoin nvidia bitcoin wallets cryptocurrency bitcoin help биржа monero обменник monero криптовалюта monero ethereum картинки
6000 bitcoin
bitcoin me
bitcoin заработок bitcoin usb ethereum новости
ethereum forum часы bitcoin mine ethereum bitcoin таблица torrent bitcoin bitcoin microsoft надежность bitcoin скачать bitcoin ad bitcoin It took a couple of years for people to become interested in Bitcoin. However, when they started to understand what it could do, Bitcoin’s popularity grew and grew. People saw that Bitcoin had all six of those things we listed earlier, and they started buying it and using it.The Bottom Linebitcoin работа masternode bitcoin bitcoin краны обмен ethereum bitcoin weekly
компьютер bitcoin lurkmore bitcoin bitcoin 4000
poloniex bitcoin работа bitcoin weather bitcoin bitcoin rus crypto bitcoin monero пулы your bitcoin tether приложение bitcoin халява проверка bitcoin You can get ETH from an exchange or a wallet but different countries have different policies. Check to see the services that will let you buy ETH.биткоин bitcoin bitcoin комиссия bitcoin bubble wei ethereum bitcoin playstation bitcoin carding bitcoin монет продать ethereum оплатить bitcoin
We highly recommend you learn how to transfer bitcoins to a cold storage Bitcoin wallet.пул monero mac bitcoin bitcoin algorithm blue bitcoin monero btc nanopool monero
bitcoin plugin bitcoin artikel programming bitcoin фото bitcoin wmx bitcoin bitcoin today bitcoin statistics bitcoin maps tether yota продам ethereum bitcoin masters bitcoin crypto программа bitcoin tether bitcointalk
транзакции monero pro100business bitcoin bitcoin bcc bitcoin loan
основатель ethereum bitcoin yen bitcoin сети
polkadot cadaver падение ethereum серфинг bitcoin ethereum проекты bitcoin бесплатный bitcoin neteller bitcoin транзакции
виталий ethereum antminer ethereum 50000 bitcoin ethereum токен bitcoin технология
bitcoin free
bitcoin analysis electrum bitcoin zcash bitcoin ann bitcoin монета ethereum bitcoin количество bitcoin electrum
bitcoin картинка monero форум trading bitcoin fee bitcoin wallet tether etherium bitcoin
exchange bitcoin bitcoin cudaminer block bitcoin сайты bitcoin ethereum miner
bitcoin котировка bloomberg bitcoin space bitcoin карты bitcoin bitcoin address hosting bitcoin bitcoin обналичить bitcoin лохотрон bitcoin hesaplama bitcoin bcn покупка ethereum цена bitcoin 4 bitcoin reklama bitcoin новости bitcoin polkadot stingray bitcoin foundation сервера bitcoin boom bitcoin bitcoin ваучер bitcoin mmgp
ethereum форк bitcoin 4096
bitcoin skrill bitcoin service обменник bitcoin bitcoin capitalization bitcoin создатель monero кошелек
bitcoin generation bitcoin лотереи bitcoin price инструкция bitcoin cold bitcoin ethereum кошельки bitcoin it bitcoin desk bitcoin кэш
баланс bitcoin bitcoin 2020 bitcoin code bitcoin click ethereum miners bitcoin заработать bitcoin expanse bitcoin unlimited эфир ethereum bitcoin code видеокарты bitcoin bitcoin прогноз
ethereum рост
bitcoin 123 bitcoin play bitcoin bitrix monero blockchain
смесители bitcoin live bitcoin tether coinmarketcap blocks bitcoin программа ethereum майн bitcoin bitcoin прогноз ethereum капитализация ethereum news биткоин bitcoin bitcoin эмиссия bitcoin sign waves cryptocurrency bitcoin usd frontier ethereum bitcoin логотип bitcoin moneypolo tinkoff bitcoin deep bitcoin ethereum бесплатно oil bitcoin claim bitcoin roboforex bitcoin bitcoin games pay bitcoin topfan bitcoin kinolix bitcoin bitcoin coin bitcoin bitcoin машины bitcoin traffic bitcoin wiki бесплатный bitcoin hacking bitcoin bitcoin счет создать bitcoin bitcoin расчет online bitcoin миксер bitcoin xapo bitcoin monero usd scrypt bitcoin ethereum core segwit bitcoin
bitcoin microsoft
pools bitcoin bitcoin carding bitcoin cranes tether обменник blogspot bitcoin blue bitcoin 0 bitcoin community bitcoin daemon bitcoin запуск bitcoin best cryptocurrency hashrate bitcoin ethereum block dog bitcoin app bitcoin keys bitcoin time bitcoin создатель ethereum
polkadot pool bitcoin курс bitcoin coins bitcoin
monero wallet 0 bitcoin claim bitcoin
исходники bitcoin tether wifi ethereum telegram
банк bitcoin bitcoin калькулятор habrahabr bitcoin
monero windows cryptocurrency tech rotator bitcoin виталик ethereum bitcoin растет контракты ethereum chaindata ethereum bitcoin journal
торрент bitcoin bitcoin analysis fast bitcoin
ethereum usd second bitcoin master bitcoin видеокарты ethereum
q bitcoin bitcoin birds yandex bitcoin bitcoin darkcoin habrahabr ethereum bitcoin drip bitcoin loto bitcoin png оплатить bitcoin
claim bitcoin ethereum vk bitcoin transaction компьютер bitcoin bitcoin добыть direct bitcoin bitcoin футболка обменники ethereum валюта monero ethereum web3 обновление ethereum
typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth ofethereum проблемы bitcoin вирус ethereum block