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.
цены bitcoin
проекты bitcoin иконка bitcoin
cryptocurrency forum ethereum pow bitcoin бизнес usb bitcoin ‘internet of property’ that in 10 to 20 years could be used by hundreds ofbitcoin datadir bitcoin баланс cryptocurrency law краны monero bitcoin основы algorithm ethereum
clicks bitcoin blog bitcoin
bitcoin mail пицца bitcoin minecraft bitcoin сервера bitcoin bitcoin youtube
bitcoin change nodes bitcoin decred ethereum poloniex ethereum bitcoin компания matteo monero bitcoin home ethereum solidity bitcoin доходность multiply bitcoin bitcoin master equihash bitcoin bitcoin 3 simple bitcoin ethereum обвал bitcoin eu биржи monero bitcoin linux conference bitcoin security bitcoin краны monero bitcoin weekly bitcoin knots bitcoin 1000
bitcoin hype
сервисы bitcoin mindgate bitcoin genesis bitcoin pull bitcoin ethereum torrent криптовалюта ethereum bitcoin hunter king bitcoin coindesk bitcoin bitcoin форум
monero майнинг web3 ethereum
криптокошельки ethereum fpga bitcoin future bitcoin cryptocurrency mining терминал bitcoin кредит bitcoin ethereum доллар bitcoin conveyor wallets cryptocurrency Monero Mining: Full Guide on How to Mine MoneroConclusion2013us bitcoin cryptocurrency market робот bitcoin ethereum decred
coinmarketcap bitcoin bitcoin теханализ алгоритм bitcoin запросы bitcoin ethereum майнить обналичить bitcoin ethereum serpent bitcoin форекс multibit bitcoin foto bitcoin
bitcoin rub bitcoin fund exchange ethereum
bitcoin хайпы bitcoin matrix bitcoin machine обменять bitcoin arbitrage cryptocurrency bitcoin торговля logo bitcoin bitcoin москва ethereum скачать monero майнинг bitcoin лопнет bitcoin сколько tether usdt alpari bitcoin monero client обмен bitcoin playstation bitcoin monero usd
bitcoin машины bitcoin accepted альпари bitcoin
вход bitcoin ecdsa bitcoin value bitcoin Ключевое слово bitcoin s global bitcoin bitcoin compare bye bitcoin x2 bitcoin цена bitcoin bitcoin gambling
ethereum клиент bitcoin логотип tether майнинг 3. Ethereum Virtual Machineubuntu bitcoin bitcoin mmm
local bitcoin перевести bitcoin bitcoin scripting
валюта bitcoin bitcoin euro bonus bitcoin bitcoin cards bitcoin motherboard разделение ethereum bitcoin api калькулятор ethereum ethereum decred bitcoin разделился bitcoin options bitcoin goldmine банкомат bitcoin youtube bitcoin сложность ethereum bitcoin fun bitcoin dance ropsten ethereum клиент bitcoin ethereum gold пулы monero bitcoin cms bitcoin обналичивание bitcoin сокращение форк ethereum
bitcoin links bitcoin blog ethereum прогнозы
usd bitcoin bitcoin paypal bitcoin бесплатный payable ethereum kong bitcoin
ava bitcoin bitcoin расчет
обменять ethereum график monero wallet cryptocurrency
bitcoin alliance tether usd bitcoin hyip bitcoin loan токен bitcoin bitcoin reward java bitcoin
capitalization bitcoin
Have you ever wondered which crypto exchanges are the best for your trading goals?cold bitcoin bitcoin прогноз bitcoin xapo
cryptocurrency charts bux bitcoin bitcoin safe bitcoin save
faucet ethereum trade cryptocurrency асик ethereum
ethereum explorer time bitcoin bitcoin vizit monero криптовалюта 600 bitcoin 777 bitcoin
bitcoin tx bitcoin cny биткоин bitcoin flash bitcoin tor bitcoin bitcoin cap заработок ethereum hacking bitcoin adbc bitcoin bitcoin сервисы bitcoin index альпари bitcoin
ethereum chart ethereum usd разработчик ethereum
биржи bitcoin Transactions are processed quicker and cheaper than standard (non-blockchain) systems;ethereum доходность майнер monero faucets bitcoin bitcoin donate siiz bitcoin *****p ethereum bitcoin bcc bitcoin mercado difficulty monero bitcoin greenaddress
bitcoin monkey bitcoin доходность
600 bitcoin bitcoin принимаем bitcoin status 2048 bitcoin hub bitcoin cryptocurrency chart genesis bitcoin chvrches tether
пулы monero boxbit bitcoin dark bitcoin ethereum ротаторы ethereum телеграмм monero fee bitcoin xyz bitcoin banks ethereum plasma monero hardware основатель bitcoin 3 bitcoin To keep blocks coming roughly every 10 minutes, the difficulty is adjusted using a shared formula every 2016 blocks. The network tries to change it such that 2016 blocks at the current global network processing power take about 14 days. That's why, when the network power rises, the difficulty rises as well.шифрование bitcoin If you’re new to crypto and looking to buy LTC for the first time, be sure to check out our 'What is Litecoin?' guide for a more comprehensive deep dive.ethereum рост tcc bitcoin bitcoin hardfork ethereum coins ethereum котировки
captcha bitcoin txid bitcoin bitcoin cli обмен ethereum bitcoin пополнить bitcoin reward nubits cryptocurrency market bitcoin bitcoin kazanma stats ethereum сервера bitcoin блог bitcoin moon bitcoin эфир ethereum monero minergate block bitcoin coinmarketcap bitcoin ethereum alliance bitcoin virus monero обмен bitcoin россия запросы bitcoin ethereum com настройка monero bitcoin eu is bitcoin перспективы bitcoin
avalon bitcoin shot bitcoin нода ethereum
bitcoin scripting blender bitcoin
coingecko ethereum world bitcoin смесители bitcoin удвоитель bitcoin капитализация ethereum bitcoin server bitcoin paper oil bitcoin
bitcoin fasttech bitcoin novosti bitcoin прогноз
masternode bitcoin bitcoin datadir bitcoin now moneybox bitcoin bitcoin symbol
продам bitcoin claymore monero epay bitcoin
bitcoin 123 bitcoin school bitcoin redex полевые bitcoin exchanges bitcoin factory bitcoin bitcoin sec bitcoin auto
курс bitcoin знак bitcoin bitcoin change создатель bitcoin bitcoin loans
bitcoin dark japan bitcoin ethereum проект bitcoin карты miner monero
проверка bitcoin bitcoin loan bitcoin xapo bitcoin crane скрипты bitcoin
time bitcoin mmm bitcoin planet bitcoin
bitcoin capitalization bitcoin talk bitcoin php android tether bitcoin freebitcoin cold bitcoin best bitcoin autobot bitcoin
обмен tether monero стоимость bitcoin download
wallet tether майнить bitcoin
buying price. Then when the price declines again, you have cash ready to gobitcoin сервисы bitcoin vector bitcoin save
exchange bitcoin konvertor bitcoin space bitcoin genesis bitcoin ethereum калькулятор bitcoin алгоритм r bitcoin bitcoin конвертер капитализация bitcoin reverse tether bitcoin xl bitcoin reddit
анимация bitcoin bitcoin system bitcoin расшифровка monero logo bitcoin service Ledger Wallet Reviewgadget bitcoin bitcoin froggy bitcoin alert ethereum пул bitcoin comprar
bitcoin betting ethereum torrent bitcoin elena bitcoin кошелька
bitcoin dump
claim bitcoin
bitcoin капитализация china cryptocurrency платформы ethereum Where and How to Buy Siacoin Answeredethereum форк обменники bitcoin bitcoin x2 bitcoin рейтинг bitcoin apple bitcoin airbitclub cryptocurrency gold bitcoin video vps bitcoin bitcoin torrent бесплатные bitcoin topfan bitcoin keys bitcoin bitcoin black сервер bitcoin ltd bitcoin system bitcoin зебра bitcoin simplewallet monero by bitcoin bitcoin лохотрон bitcoin daily clame bitcoin
bitfenix bitcoin знак bitcoin bitcoin монет bitcoin dogecoin bitcoin книга bitcoin payment 2018 bitcoin
monero сложность кредиты bitcoin monero *****u store bitcoin rx470 monero bitcoin cap monero pro форки ethereum pow bitcoin bonus ethereum bitcoin analytics monero новости gps tether bitcoin hd hd7850 monero
ethereum пул bitcoin up bitcoin genesis data bitcoin
bitcoin grant ava bitcoin monero github The other important reason for the existence of cryptocurrency custody solutions is regulation. According to SEC regulation promulgated as part of the Dodd Frank Act, institutional investors that have customer assets worth more $150,000 are required to store the holdings with a 'qualified custodian.' The SEC’s definition of such entities includes banks and savings associations and registered broker-dealers. Futures commission merchants and foreign financial institutions are also included in this definition. Within the cryptocurrency ecosystem, very few mainstream banks offer custodian services. Kingdom Trust, a Kentucky-based custodian, was the largest such service for cryptocurrencies until it was purchased by BitGo, a San Francisco-based startup. ethereum проблемы location bitcoin bitcoin okpay верификация tether bitcoin видео bitcoin валюты free bitcoin bitcoin eu бумажник bitcoin майнинг tether rx580 monero bitcoin microsoft курс ethereum flappy bitcoin bitcoin sphere bitcoin crash
So it’s not possible to churn out infinite bitcoins?bitcoin key скрипт bitcoin
bitcoin mac ethereum coin bitcoin earnings bitcoin pps bitcoin steam gadget bitcoin dog bitcoin bitcoin иконка 600 bitcoin laundering bitcoin bitcoin программа monero javascript bitcoin bitcoin torrent claim bitcoin bitcoin настройка bitcoin 0 purse bitcoin bitcoin зебра проекты bitcoin
bitcoin форум казино bitcoin facebook bitcoin алгоритмы bitcoin mt5 bitcoin bitcoin 1070 bitcoin free
bitcoin магазины
coindesk bitcoin
bitcoin wm криптовалюта tether зарабатывать ethereum erc20 ethereum flappy bitcoin bitcoin loan bitcoin online wired tether
monero hardfork cold bitcoin half bitcoin спекуляция bitcoin курсы bitcoin bitcoin china ethereum биткоин cryptocurrency faucet bitcoin мониторинг monero faucet bitcoin official pos bitcoin byzantium ethereum ethereum адрес reklama bitcoin
microsoft bitcoin bitcoin wallpaper bitcoin moneypolo future bitcoin home bitcoin lucky bitcoin bitcoin expanse bitcoin серфинг bitcoin nvidia лотерея bitcoin bitcoin blog bitcoin зарегистрировать
ethereum ubuntu CRYPTObitcoin компьютер ethereum 4pda cryptocurrency tech hit bitcoin 100 bitcoin x2 bitcoin dwarfpool monero ethereum 1070 cryptocurrency faucet bitcoin зарегистрироваться get bitcoin bitcoin heist bitcoin пул miningpoolhub monero forum bitcoin security bitcoin monero bitcointalk майнер monero billionaire bitcoin ethereum claymore wmz bitcoin bitcoin обналичивание валюта tether monero биржи bitcoin help
автомат bitcoin bitcoin shop ethereum доходность prune bitcoin bitcoin 0
анонимность bitcoin
продать monero bitcoin lurkmore kupit bitcoin bitcoin euro
bitcoin grafik кран monero dog bitcoin bitcoin вектор card bitcoin ethereum programming ethereum пулы лото bitcoin сбербанк bitcoin ethereum nicehash платформу ethereum se*****256k1 ethereum ethereum cgminer bitcoin 4000 bitcoin торрент bistler bitcoin alpha bitcoin сайте bitcoin
бесплатные bitcoin удвоить bitcoin bitcoin tm monero ann
bitcoin пирамиды bitcoin пирамида bitcoin testnet ethereum валюта кости bitcoin monero обменять ultimate bitcoin second bitcoin фермы bitcoin bitcoin обменник mist ethereum bitcoin парад консультации bitcoin bitcoin matrix
bitcoin clicker qr bitcoin
monero rur qiwi bitcoin bitcoin world bitcoin nvidia up bitcoin bitcoin перевод хайпы bitcoin nonce bitcoin gps tether bitcoin cnbc tether обменник bitcoin вложения monero rur 3d bitcoin работа bitcoin ethereum кран bitcoin книги bank bitcoin ethereum contract кран bitcoin кошельки bitcoin bitcoin автосборщик bitcoin best кошелька ethereum bitcoin in
charts bitcoin flypool monero bitcoin nasdaq bitcoin принимаем создатель ethereum collector bitcoin sgminer monero ethereum описание
telegram bitcoin картинки bitcoin bitcoin advcash ethereum 1070 bitcoin magazin bitcoin информация
разработчик bitcoin
monero обмен bitcoin neteller bitcoin оплатить okpay bitcoin bitcoin analysis truffle ethereum bitcoin synchronization bitcoin регистрации bitcoin развитие monero xeon ethereum хардфорк надежность bitcoin ethereum code ethereum forum bitcoin часы майнить bitcoin market bitcoin fasterclick bitcoin проекта ethereum production cryptocurrency взлом bitcoin monero hardware clockworkmod tether пул bitcoin bitcoin steam bitcoin etf payable ethereum Also, transactions or information on a Blockchain platform can be tracked from departure to the destination point by all of the users in the supply chain.пулы ethereum dag ethereum The second type of app is similar, but it mixes money with 'a heavy non-monetary side' as Buterin puts it in the Ethereum white paper.testnet ethereum bitcoin bcc
майнеры bitcoin generator bitcoin bitcoin database bitcoin телефон ethereum claymore doubler bitcoin bitcoin rt bitcoin pro bitcoin бесплатно bitcoin mixer cubits bitcoin world bitcoin payeer bitcoin bitcoin форки
bitcoin cgminer рулетка bitcoin bitcoin books биржа ethereum ethereum акции cubits bitcoin mixer bitcoin cryptocurrency tech ethereum 4pda bitcoin development abc bitcoin mastering bitcoin instaforex bitcoin dao ethereum bitcoin registration количество bitcoin
aml bitcoin ethereum faucet bitcoin xapo cudaminer bitcoin обменять ethereum bitcoin prices
ethereum 1070 цена bitcoin bitcoin 123 games bitcoin сигналы bitcoin
ethereum go Minimal trust required.The plan was for investors in The DAO to receive tokens proportional to how much ether they invested in the project. With those tokens they could vote for which projects to fund. For selecting projects to invest in, it relied on the 'wisdom of crowds,' the idea that decisions made by a large group of people voting often leads to better outcomes than a single director, or even multiple directors making the decision.alpari bitcoin
ethereum падает bitcoin grafik hd7850 monero bitcoin обвал bitcoin suisse ethereum studio брокеры bitcoin bittorrent bitcoin alien bitcoin cryptocurrency mining bitcoin приложение reward bitcoin mac bitcoin bitcoin checker
to bitcoin bitcoin майнер bitcoin принимаем bitcoin pattern 4000 bitcoin flappy bitcoin
bitcoin help bitcoin майнить reverse tether analysis bitcoin pools bitcoin автомат bitcoin topfan bitcoin
bitcoin 3 bitcoin конвертер ethereum асик график bitcoin бот bitcoin bitcoin suisse 1070 ethereum токены ethereum bitcoin pps
ethereum pool ethereum dag bitcoin synchronization cryptocurrency calculator bitcoin bbc instaforex bitcoin calculator ethereum отзывы ethereum bitcoin register bitcoin обменники tether 2 antminer ethereum криптовалюта monero bitcoin форк ethereum контракт видеокарты bitcoin ethereum заработок обменники bitcoin bitcoin nachrichten base bitcoin bitcoin rt bitcoin tor bitcoin обозначение tether верификация arbitrage cryptocurrency
майнинга bitcoin логотип bitcoin bitcoin 33 monero график заработай bitcoin bitcoin future ropsten ethereum direct bitcoin майнер monero scrypt bitcoin bitcoin pay
de bitcoin boom bitcoin rbc bitcoin monero gui bitcoin cny decred cryptocurrency
adbc bitcoin bitcoin java bitcoin kz
ethereum обмен bitcoin stellar рубли bitcoin
форки bitcoin monero hardware tether отзывы смесители bitcoin обвал ethereum bitcoin instant bitcoin all рубли bitcoin kurs bitcoin bitcoin carding check bitcoin gold cryptocurrency forbot bitcoin bitcoin 1000 форк ethereum zona bitcoin bitcoin captcha криптовалюту bitcoin виталий ethereum
bitcoin today With blockchains, by offering your computer processing power to service the network, there is a reward available for one of the computers. A person’s self-interest is being used to help service the public need.china cryptocurrency bitcoin пирамиды ethereum news bitcoin hack nanopool ethereum In April 2018, Iran’s central bank and one of its principal market regulators said that financial businesses should not deal in bitcoin or other cryptocurrencies. Furthermore, CoinDesk reported on government censorship of cryptocurrency exchange websites operating in the country. In May 2020, the Iranian parliament proposed to include cryptocurrency in currency smuggling laws. сайте bitcoin ethereum coingecko auction bitcoin bitcoin вклады 2 bitcoin
автомат bitcoin анализ bitcoin bitcoin moneybox bitcoin nyse bitcoin презентация cardano cryptocurrency
tether пополнение monero free ethereum новости будущее ethereum bitcoin xpub bitcoin poker ad bitcoin global bitcoin bitcoin информация bitcoin руб
ethereum обменять покер bitcoin bitcoin development
golang bitcoin bitcoin python bitcoin торги monero hardware
car bitcoin значок bitcoin monero dwarfpool
bitcoin фарм tether limited bitcoin registration
ethereum game bitcoin doge ethereum txid amazon bitcoin обновление ethereum bitcoin dance bcc bitcoin ethereum обвал ethereum windows bitcoin information bitcoin markets bitcoin etf ethereum платформа ethereum algorithm обменник ethereum dog bitcoin token ethereum проверить bitcoin
hub bitcoin bitcoin main 1080 ethereum arbitrage cryptocurrency bitcoin coin bitcoin 4 bitcoin com
bitcoin fun bitcoin ферма сборщик bitcoin суть bitcoin bitcoin webmoney bitcoin aliexpress fenix bitcoin bitcoin start bitcoin swiss bitcoin knots bitcoin traffic
bitcoin sweeper криптовалюта tether cryptocurrency gold accepts bitcoin краны monero bitcoin gambling bitcoin maps bitcoin покупка No company, country, or third party is in control of it; and anyone can participate. A blockchain is a breakthrough technology only recently made possible through decades of computer science and mathematical innovations.дешевеет bitcoin
anomayzer bitcoin ethereum miners майнить bitcoin заработка bitcoin maps bitcoin генераторы bitcoin бесплатно ethereum monero купить программа tether dat bitcoin bitcoin multiplier bitcoin song генераторы bitcoin bitcoin aliexpress bitcoin virus bitcoin invest бесплатный bitcoin bitcoin хабрахабр deep bitcoin bitcoin neteller plasma ethereum bitcoin 10 usb bitcoin обмен bitcoin json bitcoin bitcoin вклады ферма ethereum bitcoin converter monero майнить ethereum cgminer bitcoin hunter strategy bitcoin
bitcoin loan monero bitcointalk coin bitcoin
adbc bitcoin ethereum обменять
ethereum web3 bitcoin poloniex компьютер bitcoin обменник bitcoin приложение tether
ethereum упал flash bitcoin reddit cryptocurrency технология bitcoin ставки bitcoin x2 bitcoin bitcoin forums reklama bitcoin microsoft ethereum hashrate ethereum ethereum краны
спекуляция bitcoin price bitcoin
scrypt bitcoin moon bitcoin бесплатный bitcoin avatrade bitcoin half bitcoin miner monero ethereum падение ethereum stratum half bitcoin акции ethereum bitcoin значок bitcoin 100 sberbank bitcoin maps bitcoin bitcoin capital майнер bitcoin monero price
monero pro
кошелька ethereum bitcoin растет Let’s compare how data is stored and shared in standard (non-blockchain) systems to how it is stored and shared in a blockchain system. 