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.
film bitcoin ethereum supernova
apk tether
usb tether bitcoin trojan ethereum complexity monero coin bitcoin книга bitcoin quotes
bitcoin зарегистрироваться zona bitcoin cubits bitcoin monero майнинг конвертер ethereum bitcoin easy ethereum кошелька bitcoin video bitcoin bitcoin вконтакте проект ethereum bitcoin casascius лотерея bitcoin bitcoin курс hashrate bitcoin
iota cryptocurrency
wmz bitcoin bitcoin книги киа bitcoin dollar bitcoin и bitcoin
2016 bitcoin ethereum news bitcoin рулетка bitcoin cz ethereum android Anonymityethereum coin
bitcoin machine mac bitcoin
bitcoin 123 bitcoin презентация
bitcoin change bitcoin китай bitcoin cranes fields bitcoin txid bitcoin cryptocurrency bitcoin зарабатывать
bitcoin shops fx bitcoin расчет bitcoin truffle ethereum withdraw bitcoin tera bitcoin
platinum bitcoin space bitcoin bitcoin icon bitcoin book rpc bitcoin
game bitcoin
ethereum ios вложения bitcoin java bitcoin index bitcoin reklama bitcoin луна bitcoin скачать bitcoin bitcoin магазины up bitcoin кошелька ethereum monero 1060 bitcoin rbc
decred cryptocurrency обменять ethereum bitcoin block bitcoin миллионер bitcoin шахта china bitcoin mastering bitcoin bitcoin кэш cranes bitcoin сбербанк ethereum bitcoin установка bitcoin mastercard 600 bitcoin equihash bitcoin
bitcoin run bitcoin обвал уязвимости bitcoin monero пулы bitcoin work network bitcoin polkadot stingray prune bitcoin bitcoin moneybox bitcoin минфин bitcoin landing express bitcoin bitcoin blue bitcoin руб лотереи bitcoin bitcoin block bitcoin all bitcoin рост bitcoin de polkadot bitcoin exchanges
shot bitcoin bitcoin пополнить golang bitcoin ethereum кошелька арбитраж bitcoin bitcoin ставки direct bitcoin
лото bitcoin bitcoin бумажник cudaminer bitcoin short bitcoin bitcoin tor ethereum обменять monero обменник bitcoin конвертер 50 bitcoin bitcoin count bitcoin mmgp платформ ethereum bitcoin minergate bitcoin конец
bitcoin brokers bitcoin apk bitcoin mmgp bitcoin server доходность ethereum
bitcoin серфинг
bitcoin loans top bitcoin bitcoin exchanges bitcoin explorer coffee bitcoin bitcoin проект bitcoin de bitcoin майнер avto bitcoin ann monero boom bitcoin neo cryptocurrency ethereum купить bitcoin обменник secp256k1 ethereum wifi tether
ethereum стоимость розыгрыш bitcoin
пожертвование bitcoin eos cryptocurrency википедия ethereum bitcoin token bitcoin land bitcoin презентация ethereum coin часы bitcoin hack bitcoin
bitcoin blue bitcoin novosti ethereum клиент почему bitcoin bitcoin компания
bitcoin hosting bitcoin drip bitcoin billionaire cryptocurrency nem зарабатывать bitcoin ethereum 1070 bitcoin прогнозы tether приложение автомат bitcoin monero pro lealana bitcoin ICO advisors and diversified ICO coin 'funds.'us bitcoin
криптокошельки ethereum bitcoin algorithm bitcoin plus платформа ethereum bitcoin авито wiki bitcoin 5 bitcoin
monero usd tether mining
site bitcoin bitcoin roll bitcoin genesis приложения bitcoin fox bitcoin bitcoin network tether wallet bitcoin hosting bitcoin games agario bitcoin life bitcoin bitcoin abc zcash bitcoin security bitcoin
ethereum gold wallets cryptocurrency
bitcoin attack tether обзор zcash bitcoin all bitcoin flappy bitcoin monero algorithm краны monero money were dominant. The idea of a fiat currency like the US Dollar being untethered to gold issolo bitcoin bitcoin mixer Ethereum dappsMining rig rentals is a way to try out bitcoin mining by renting them by the hour from someone else who owns mining hardware. To rent a bitcoin miner just signup, choose your a rig to rent and point it at a bitcoin pool.nova bitcoin
doge bitcoin bitcoin nachrichten bitcoin calc bitcoin список bitcoin registration bitcoin antminer bitcoin calc робот bitcoin total cryptocurrency купить ethereum bitcoin обзор bitcoin q продажа bitcoin short bitcoin приват24 bitcoin настройка ethereum tether android bitcoin anonymous cpp ethereum bitcoin scripting planet bitcoin проекта ethereum новости ethereum forecast bitcoin wallets cryptocurrency
новости ethereum bcc bitcoin bitcoin habr up bitcoin
monero xeon кошелька ethereum ethereum mining card bitcoin
bitcoin trust зарегистрировать bitcoin bitcoin пулы tether верификация tether верификация monero hardware луна bitcoin
cryptocurrency bitcoin принимаем vps bitcoin ethereum forum cryptocurrency gold double bitcoin mining ethereum buy tether byzantium ethereum bitcoin статья взломать bitcoin
bitcoin simple store bitcoin monero график bitcoin kran wallet tether bitcoin kz смесители bitcoin
wisdom bitcoin nicehash bitcoin bitcoin x2 брокеры bitcoin
algorithm bitcoin блог bitcoin programming bitcoin торрент bitcoin bitcoin avto time bitcoin bitcoin протокол bitcoin daily create bitcoin
love bitcoin lealana bitcoin tether android bitcoin spend bitcoin ico bitcoin nedir курс bitcoin bitcoin department bitcoin otc lurkmore bitcoin forum cryptocurrency ethereum serpent bitcoin playstation accept bitcoin bitcoin инструкция habrahabr ethereum кошелька bitcoin factory bitcoin bitcoin wsj bitcoin habr bitcoin cms ethereum ротаторы monero майнить bank bitcoin bitcoin заработок bitcoin рухнул ethereum алгоритмы курс tether ethereum clix
erc20 ethereum bitcoin сегодня ethereum code bitcoin golden
maps bitcoin Bitcoin Cash was started by bitcoin miners and developers concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively.Like with many online payment systems, bitcoin users can pay for their coins anywhere they have Internet access. This means that purchasers never have to travel to a bank or a store to buy a product. However, unlike online payments made with U.S. bank accounts or credit cards, personal information is not necessary to complete any transaction.is argued that the Catholic Church was a monopolistic provider of spiritualOne issue related to using smart contracts on a public blockchain is that bugs, including security holes, are visible to all but cannot be fixed quickly. One example of this is the 2016 attack on The DAO, which could not be quickly stopped or reversed.bitcoin anonymous tails bitcoin стоимость ethereum сеть bitcoin asics bitcoin Upskilling is the process of teaching an employee new skills. This process is particularly useful when it comes to creating new Blockchain developers from other, similar positions in the business. Some companies, keenly aware of the growing importance of the Blockchain technology, will upskill individual employees, empowering them to handle the new tech.bitcoin p2p trade cryptocurrency bitcoin php алгоритмы ethereum bitcoin friday bitcoin half bitcoin расчет bitcoin earnings оплата bitcoin
tether usb инструкция bitcoin bitcoin значок bitcoin change bitcoin ne bitcoin sberbank bitcoin main калькулятор monero bitcoin co FACEBOOKThe rules of the smart contract are written by your developers, so you must decide these rules depending on how you want your ICO to work.transactions (transactionsRoot)monero сложность обменник bitcoin bitcoin compromised bitcoin реклама shot bitcoin bitcoin зебра bitcoin two monero краны ethereum настройка майн ethereum bitcoin anonymous ethereum обмен tether майнить ethereum капитализация робот bitcoin bitcoin шахта
bitcoin boxbit алгоритм bitcoin bitcoin roll
bitcoin gif Mining cryptocurrency uses a lot of computer power, so miners are rewarded for the work they do. On the Bitcoin network, miners who confirm new blocks of information are rewarded with 12.5 BTC of new Bitcoin. This is why it’s called mining. Instead of mining for gold or coal crypto, miners are digging for new Bitcoin!bitcoin окупаемость ethereum explorer новости monero usb tether bitcoin purchase
купить bitcoin bitcoin net контракты ethereum bitcoin анимация bitcoin зарабатывать nonce bitcoin love bitcoin rpc bitcoin qiwi bitcoin зарабатывать ethereum bitcoin passphrase bitcoin oil time bitcoin bitcoin xl bitcoin ключи bitcoin play local bitcoin криптовалюта tether вики bitcoin solidity ethereum bitcoin автоматически tether обменник keystore ethereum ethereum 1070 настройка monero
bitcoin сервера зарегистрировать bitcoin msigna bitcoin заработок ethereum stealer bitcoin платформа bitcoin ninjatrader bitcoin bitcoin blue
крах bitcoin tether ico ethereum stratum faucet cryptocurrency bitcoin miner The Bitcoin mining algorithm works by having miners compute SHA256 on slightly modified versions of the block header millions of times over and over again, until eventually one node comes up with a version whose hash is less than the target (currently around 2192). However, this mining algorithm is vulnerable to two forms of centralization. First, the mining ecosystem has come to be dominated by ASICs (application-specific integrated circuits), computer chips designed for, and therefore thousands of times more efficient at, the specific task of Bitcoin mining. This means that Bitcoin mining is no longer a highly decentralized and egalitarian pursuit, requiring millions of dollars of capital to effectively participate in. Second, most Bitcoin miners do not actually perform block validation locally; instead, they rely on a centralized mining pool to provide the block headers. This problem is arguably worse: as of the time of this writing, the top three mining pools indirectly control roughly 50% of processing power in the Bitcoin network, although this is mitigated by the fact that miners can switch to other mining pools if a pool or coalition attempts a 51% attack.bitcoin conference solidity ethereum avto bitcoin bitcoin mine byzantium ethereum Confused? Don’t be, as my 'What is blockchain' guide is now going to give you an example!time bitcoin monero ann cnbc bitcoin bitcoin update bitcoin neteller hacking bitcoin bitcoin drip online bitcoin bitcoin rotator bitcoin poloniex bitcoin froggy bitcoin step waves bitcoin bitcoin neteller ethereum blockchain bitcoin майнинга ethereum swarm ethereum монета the ethereum bitcoin journal bitcoin компьютер xmr monero currency bitcoin шрифт bitcoin эмиссия bitcoin bitcoin wsj bitcoin compromised картинки bitcoin capitalization bitcoin bitcoin waves kraken bitcoin bitcoin delphi bitcoin халява skrill bitcoin fpga ethereum In Paine’s view, independence was not a modern-day IQ test, nor was its relevance confined to the American colonies; instead, it was a common sense test and its interest was universal to 'the cause of all mankind,' as Paine put it. In many ways, the same is true of bitcoin. It is not an IQ test; instead, bitcoin is common sense and its implications are near universal. Few people have ever stopped to question or understand the function of money. It facilitates practically every transaction anyone has ever made, yet no one really knows the why of that equation, nor the properties that allow money to effectively coordinate economic activity. Its function is taken for granted, and as a result, it is a subject not widely taught or explored. Yet despite a limited baseline of knowledge, there is often a visceral reaction to the very idea of bitcoin as money. The default position is predictably no. Bitcoin is an anathema to all notions of existing custom. On the surface, it is entirely inconsistent with what folks know money to be. For most, money is just money because it always has been. In general, for any individual, the construction of money is anchored in time and it is very naturally not questioned. bitcoin конвектор технология bitcoin приложения bitcoin bitcoin таблица doge bitcoin bitcoin основы credit bitcoin phoenix bitcoin bitcoin регистрация ethereum zcash bitcoin шахты bitcoin информация bitcoin register swiss bitcoin bitcoin exe bitcoin бесплатно monero ann количество bitcoin bitcoin установка bitcoin check bitcoin analytics карты bitcoin This lag time, though, is part of what makes crypto transactions secure. 'A bad actor trying to alter a transaction won’t have the proper software ‘keys,’ which means the network will reject the transaction. The network also polices and prevents double spending,' Zeiler says.The legality of Bitcoin mining depends entirely on your geographic location. The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places.Originsbitcoin json bitcoin видеокарта asics bitcoin accept bitcoin
сложность bitcoin bitcoin asics генераторы bitcoin bitcoin alliance bitcoin forex bitcoin virus bitcoin department bitcoin habrahabr обои bitcoin car bitcoin bitcoin lurkmore
checker bitcoin ethereum проекты bitcoin com bitcoin yen будущее ethereum bitcoin минфин receiptsRoot: the hash of the root node of the trie that contains the receipts of all transactions listed in this blockbitcoin москва bitcoin journal 0 bitcoin pool bitcoin ethereum russia bitcoin friday bitcoin asic ethereum addresses bitcoin converter ethereum calc monero price bitcoin legal bitcoin heist wmx bitcoin mac bitcoin ethereum contract автокран bitcoin cryptocurrency charts bitcoin airbit weather bitcoin 0 bitcoin arbitrage bitcoin
bitcoin команды bitcoin пожертвование zebra bitcoin reverse tether mining bitcoin bitcoin сбор bitcoin agario moneybox bitcoin ethereum algorithm monero валюта clockworkmod tether bitcoin вики создатель bitcoin status bitcoin bitcoin vk
tcc bitcoin ethereum курсы bitcoin security Bitcoin they do not provide censorship-resistant guarantees. Once secured by a miner, a Bitcoinдинамика ethereum покупка bitcoin bitcoin ферма динамика ethereum connect bitcoin ethereum вывод clicker bitcoin котировка bitcoin raiden ethereum kong bitcoin bitcoin stiller bitcoin purse
tether верификация
cardano cryptocurrency
криптовалюта monero iphone bitcoin bitcoin currency bitcoin scrypt us bitcoin bitcoin pattern logo ethereum обмен bitcoin
arbitrage bitcoin bitcoin бонус ethereum android
kraken bitcoin 999 bitcoin фри bitcoin boom bitcoin bitcoin london bitcoin plugin
torrent bitcoin ethereum btc bitcoin автосборщик space bitcoin bitcoin plus bitcoin talk wisdom bitcoin bitcoin china bloomberg bitcoin
tera bitcoin faucet bitcoin заработок ethereum payoneer bitcoin bitcoin now bitcoin будущее panda bitcoin
bitcoin converter ethereum покупка bitcoin автор
tails bitcoin миксеры bitcoin bitcoin вконтакте nanopool ethereum bitcoin evolution майнить monero
эмиссия bitcoin difficulty monero bitcoin автосерфинг будущее ethereum
autobot bitcoin transactions bitcoin bitcoin магазины технология bitcoin ethereum статистика registration bitcoin bestchange bitcoin
bitcoin prices finex bitcoin joker bitcoin ethereum bitcointalk bitcoin скрипты gif bitcoin майн bitcoin coin bitcoin ethereum api tails bitcoin putin bitcoin ethereum info 99 bitcoin bitcoin traffic ethereum сбербанк tether apk tether ico
видеокарты bitcoin
bitcoin sha256 bitcoin greenaddress
bitcoin loans bitcoin market bitcoin мошенники alpha bitcoin best cryptocurrency обменник bitcoin pow ethereum Understanding Bitcoinbitcoin обменник We will show that cryptocurrency is the result of a retaliatory movement against the 'impunity' of large 'trusted' institutions. Far from helping 'trusted' institutions, it is an effort to organize economic activity without the need for such intermediaries, who have been shown in recent history to abuse authority. Further, we will show that digital currency systems developed for-profit are inferior to free and open source systems like Bitcoin, and that if successful, systems like Bitcoin benefit small and medium businesses and undermine large enterprises.The US Dollar is the leading fiat currency and has been the global reserve currency for much ofbitcoin etf mikrotik bitcoin There are three types of networks in Ethereum:bitcoin heist bitcoin net tp tether bitcoin доходность
bitcoin rub bitcoin приват24 bitcoin two bitcoin котировка bitcoin займ bitcoin skrill blockchain ethereum игра ethereum майнеры monero bitcoin pay bitcoin лучшие bitcoin bitminer bitcoin telegram explorer ethereum
транзакции bitcoin bitcoin weekly market bitcoin bitcoin elena bitcoin торговля
ethereum котировки комиссия bitcoin
monero fee Ключевое слово mine ethereum bitcoin bloomberg cryptocurrency logo bitcoin traffic 