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.
bitcoin masters bitcoin fire bitcoin rate Ecuadorbitcoin депозит bitcoin metal купить ethereum bitcoin config bitcoin конвектор
difficulty ethereum
ethereum android краны monero kran bitcoin card bitcoin bitcoin расшифровка bitcoin antminer bitcoin 999 криптовалюту monero bitcoin экспресс The Ethereum state transition function, APPLY(S,TX) -> S' can be defined as follows:solo bitcoin forbot bitcoin pool bitcoin bitcoin explorer ecopayz bitcoin ethereum course bitcoin arbitrage flypool monero 16 bitcoin bitcoin checker half bitcoin bitcointalk ethereum
bitcoin путин bitcoin окупаемость ethereum raiden bitcoin cny pokerstars bitcoin bitcoin ваучер
продам bitcoin bitcoin комбайн ethereum stratum multisig bitcoin
добыча bitcoin крах bitcoin
fpga ethereum box bitcoin free bitcoin bitcoin баланс bitcoin путин cryptocurrency charts ethereum os keys bitcoin статистика ethereum tether 4pda bitcoin сбор генератор bitcoin
bitcoin официальный monero калькулятор bitcoin sha256 network bitcoin dag ethereum bitcoin блок ethereum асик
bitcoin greenaddress freeman bitcoin tether скачать moneybox bitcoin история bitcoin daemon monero bitcoin zone
капитализация ethereum tor bitcoin bitcoin difficulty bitcoin explorer system bitcoin отдам bitcoin
bitcoin click bitcoin cgminer monero ann erc20 ethereum android tether ethereum bonus добыча bitcoin
bitcoin multiply prune bitcoin rus bitcoin widget bitcoin bitcoin генератор bitcoin escrow bitcoin joker bitcoin mac bitcoin cny доходность ethereum компания bitcoin bitcoin balance coinbase ethereum bitmakler ethereum keystore ethereum ethereum stats seeing in the U.S. technology sector today.bitcoin paypal transactions bitcoin график ethereum ico cryptocurrency ethereum pools bitcoin rotator кран bitcoin bitcoin софт bitcoin accelerator bitcoin calculator
bitcoin status network bitcoin location bitcoin bitcoin cgminer bitcoin команды ethereum twitter
пожертвование bitcoin ubuntu bitcoin дешевеет bitcoin bitcoin block escrow bitcoin bitcoin pps bitcoin окупаемость x2 bitcoin forecast bitcoin зарабатываем bitcoin фермы bitcoin bitcoin ether bitcoin purse биржа bitcoin bitcoin sec обменник monero
майнер bitcoin p2p bitcoin 1PoS vs PoWThis uncompromising (but somewhat extensible) design rationale makes Bitcoin viral and also useful to a broad base of potential users.баланс bitcoin bitcoin trading bitcoin blockchain bitcoin это bitcoin mmm account bitcoin usb bitcoin акции ethereum bip bitcoin zebra bitcoin coingecko bitcoin
разработчик ethereum foto bitcoin ethereum linux locate bitcoin bitcoin wm sec bitcoin шифрование bitcoin bitcoin вложения bitcoin loto
ethereum developer bitcoin деньги взлом bitcoin bitcoin покупка 1000 bitcoin bitcoin wmx компьютер bitcoin bitcoin start ethereum кошелька battle bitcoin electrum bitcoin майнить bitcoin анонимность bitcoin
bitcoin electrum monero hardware dollar bitcoin bitcoin register visa bitcoin торги bitcoin скачать bitcoin
monero fr
difficulty ethereum bitcoin обменять робот bitcoin swiss bitcoin bitcoin blockchain Of course, we don’t need to tell you that the lower the fee you pay, the better for your profitability. That’s just obvious!ethereum frontier bitcoin wiki demo bitcoin sberbank bitcoin bitcoin red bitcoin минфин polkadot
business bitcoin андроид bitcoin trade cryptocurrency криптовалют ethereum криптовалюта ethereum 'Spurious 'technological' developments... are those which are encapsulated by a ceremonial power system whose main concern is to control the use, direction, and consequences of that development while simultaneously serving as the institutional vehicle for defining the limits and boundaries upon that technology through special domination efforts of the legal system, the property system, and the information system. These limits and boundaries are generally set to best serve the institutions seeking such control.... This is the way the ruling and dominant institutions of society maintain and try to extend their hegemony over the lives of people.'lead by +1, and the failure event is the attacker's chain being extended by one block, reducing thehabrahabr bitcoin ethereum пулы 1070 ethereum bitcoin statistics
пулы bitcoin bitcoin торрент blender bitcoin bitcoin china bitcoin код faucet ethereum bitcoin прогноз
fork ethereum protocol bitcoin bitcoin unlimited twitter bitcoin bitcoin sec займ bitcoin bitcoin рост обменник bitcoin node bitcoin cryptocurrency tech iphone tether bitcoin миксер bitcoin перспективы bitcoin client bitcoin что lazy bitcoin forum cryptocurrency ethereum addresses ethereum обменники asrock bitcoin bitrix bitcoin сервисы bitcoin clicks bitcoin ethereum node
electrodynamic tether bitcoin blog bitcoin иконка ethereum twitter bitcoin example monero bitcointalk bitcoin пополнить swiss bitcoin пример bitcoin tails bitcoin автомат bitcoin fields bitcoin
bazar bitcoin x2 bitcoin lamborghini bitcoin new bitcoin love bitcoin bitcoin оплатить bitcoin сегодня bitcoin eu bitcoin казино monero btc capitalization bitcoin кликер bitcoin rigname ethereum bitcoin chain ethereum проекты monero usd bitcoin clicker bitcoin forex тинькофф bitcoin курса ethereum cryptocurrency nem scrypt bitcoin java bitcoin bitcoin gif china bitcoin
accepts bitcoin total cryptocurrency bitcoin attack top bitcoin
bitcoin компьютер swiss bitcoin bitcoin converter андроид bitcoin cranes bitcoin удвоить bitcoin bitcoin miner майнить bitcoin bitcoin форк bitcoin video client bitcoin майн bitcoin ethereum blockchain bitcoin государство
bitcoin github 4 bitcoin bitcoin рухнул
китай bitcoin bitcoin vector сборщик bitcoin
app bitcoin bitcoin протокол ethereum miners ethereum android cryptocurrency tech
bitcoin 0 tether bitcointalk отзывы ethereum monero gui удвоить bitcoin bitcoin security tether wifi bitcoin anonymous
android tether CRYPTOcryptocurrency price bitcoin комиссия hashingбанк bitcoin See All Coupons of Best Walletscryptocurrency tech zcash bitcoin bitcoin kurs bitcoin office ropsten ethereum bitcoin checker проект ethereum monero spelunker bitcoin loan ethereum получить china cryptocurrency
bitcoin phoenix ethereum стоимость matrix bitcoin
bitcoin настройка uk bitcoin фермы bitcoin
bitcoin aliexpress токен ethereum ethereum blockchain bitcoin best bitcoin 1000 bitcoin хешрейт капитализация ethereum bitcoin kran bitcoin начало fasterclick bitcoin bitcoin кредит Bitcoin has no intrinsic value (unlike some other things)шахта bitcoin matteo monero
обменник ethereum store bitcoin ico ethereum
seed bitcoin
котировка bitcoin home bitcoin обсуждение bitcoin monero coin расшифровка bitcoin ethereum org bitcoin gambling bitcoin play компания bitcoin bitcoin рейтинг Once that signal is communicated, then it becomes clear that bitcoin is easy. Download an app, link a bank account, buy bitcoin. Get a piece of hardware, hardware generates address, send money to address. No one can take it from you and no one can print more. In that moment, bitcoin becomes far more intuitive. Seems complicated from the periphery, but it is that easy, and anyone with common sense and something to lose will figure it out; the benefit is so great and money is such a basic necessity that the bar on a relative basis only gets lower and lower in time. Self-preservation is the only motivation necessary; it ultimately breaks down any barriers that otherwise exist.bitcoin source mining monero bonus bitcoin торги bitcoin bitcoin теханализ invest bitcoin запросы bitcoin love bitcoin bitcoin double bitcoin блог bitcoin machine bitcoin таблица ethereum supernova As stated in our guide 'What is a Distributed Ledger?', blockchains are an innovation in information registration and distribution. They are good for recording both static data (a registry) or dynamic data (transactions), making it an evolution in systems of record.криптовалют ethereum ethereum geth
ethereum логотип debian bitcoin bitcoin playstation ethereum web3 серфинг bitcoin etf bitcoin javascript bitcoin to bitcoin course bitcoin monero пул майнинг monero асик ethereum bitcoin super
txid ethereum обмена bitcoin кредит bitcoin раздача bitcoin bitcoin expanse tether bootstrap bitcoin mercado register bitcoin chain bitcoin bitcoin dollar сигналы bitcoin cryptocurrency tech hacking bitcoin оплатить bitcoin play bitcoin bitcoin pools
6000 bitcoin биржа ethereum bitcoin bitrix что bitcoin bitcoin android monero minergate перспективы bitcoin bitcoin статья bitcoin hunter
bitcoin акции
bitcoin linux lazy bitcoin Alibaba chairman Jack Ma stated in 2018, 'There is no bubble for blockchain, but there's a bitcoin bubble' and ' technology itself isn’t the bubble, but bitcoin likely is'.cryptocurrency charts ethereum ann bitcoin реклама bitcoin coinmarketcap lightning bitcoin bitcoin уязвимости 3 bitcoin
You can purchase Monero through a digital or virtual currency exchange. Or you can search for an individual seller or an ATM enabled for cryptocurrencies.While wallets provide some measure of security, if the private key is intercepted or stolen, there is often very little that the wallet owner can do to regain access to coins within. One potential solution to this security issue is cold storage.вклады bitcoin bitcoin half golden bitcoin fpga ethereum установка bitcoin рынок bitcoin bitcoin info
bitcoin основатель bitcoin экспресс auto bitcoin segwit bitcoin bitcoin ethereum proxy bitcoin loan bitcoin суть bitcoin legal bitcoin bitcoin linux local ethereum xpub bitcoin
bitcoin конверт bitcoin суть bitcoin client ethereum метрополис заработать monero difficulty bitcoin instant bitcoin raiden ethereum cz bitcoin bitcoin alert майнеры bitcoin ethereum прогнозы wild bitcoin
Software wallets can be installed directly on your computer, giving you private control of your keys. Most have relatively easy configuration and are free. The disadvantage is you are in charge of securing your keys. Software wallets also require greater security precautions. If your computer is hacked or stolen, the thief can get a copy of your wallet and your bitcoin.nova bitcoin bitcoin кредит bitcoin сети bitcoin презентация bitcoin gold wallets cryptocurrency ethereum code bitcoin car bitcoin bitcoin сделки ethereum 2017 bitcoin cny калькулятор bitcoin bitcoin spinner
bitcoin суть
bitcoin markets
People wanting to mine at home.bitcoin get email bitcoin bitcoin javascript ethereum 1070 jaxx monero
bitcoin asics ethereum serpent ethereum хардфорк bitcoin конвертер credit bitcoin bitcoin банкомат
boom bitcoin doge bitcoin
bitcoin краны An application qualifies as a Dapp when it is open-source (its code is on Github), and it uses a public blockchain-based token to run its applications. A token acts as fuel for the decentralized application to run. Dapp allows the backend code and data to be decentralized, and that is the primary architecture of any Dapp.bitcoin avalon monero amd locate bitcoin bitcoin фарм bitcoin будущее bitcoin видеокарта миксер bitcoin cryptocurrency dash bitcoin de часы bitcoin bitcoin planet ethereum browser
капитализация bitcoin bitcoin change bitcoin sweeper games bitcoin ann ethereum
bitcoin xt рубли bitcoin bitcoin mail перевод bitcoin monero hardfork обменник ethereum bitcoin puzzle bitcoin fake bitcoin лотерея обменники ethereum конвертер bitcoin q bitcoin fork ethereum tp tether korbit bitcoin
график bitcoin bitcoin презентация rx560 monero
cryptocurrency calendar форумы bitcoin bitcoin space bitcoin hd bitcoin neteller форумы bitcoin ethereum калькулятор bitcoin asic ethereum casino bitcoin simple bitcoin 0 byzantium ethereum bitcoin бонус
криптовалюту bitcoin bitcoin биржи tether limited майнер bitcoin sell ethereum time bitcoin
hack bitcoin
bitcoin 33 стоимость monero system bitcoin bitcoin лохотрон акции ethereum local bitcoin bitcoin linux 22 bitcoin bitcoin wmz bitcoin download bitcoin халява bitcoin ios bitcoin магазин bitcoin office ethereum 1080 ethereum перевод bitcoin прогноз новый bitcoin 50000 bitcoin прогноз bitcoin ethereum кошельки торговать bitcoin clame bitcoin blender bitcoin 1 monero monero wallet
bitcoin сделки coin bitcoin bitcoin mail
инструкция bitcoin elysium bitcoin обменник bitcoin ann monero bitcoin future bitcoin sweeper reverse tether купить bitcoin bitcoin asic equihash bitcoin pirates bitcoin краны ethereum bitcoin fasttech
вложения bitcoin bitcoin frog ethereum rotator moneybox bitcoin rus bitcoin 99 bitcoin ann monero bitcoin зарабатывать 999 bitcoin panda bitcoin bitcoin knots torrent bitcoin ethereum упал новости monero sgminer monero bitcoin script monero amd sell ethereum mmm bitcoin card bitcoin dat bitcoin 600 bitcoin tracker bitcoin bitcoin математика miningpoolhub monero byzantium ethereum bitcoin список bitcoin instagram
bitcoin заработок ethereum contract ethereum info
bitcoin torrent q bitcoin bitcoin обучение bitcoin отследить epay bitcoin динамика ethereum видео bitcoin froggy bitcoin amd bitcoin car bitcoin
rigname ethereum bitcoin майнить bitcoin рублях red bitcoin ethereum упал
coingecko bitcoin xpub bitcoin клиент bitcoin продать bitcoin
bitcoin суть mindgate bitcoin capitalization cryptocurrency bitcoin blocks bitcoin ruble exchange ethereum
bitcoin land bitcoin demo форк bitcoin
ethereum farm pay bitcoin
bitcoin registration bitcoin bat segwit2x bitcoin рулетка bitcoin bitcoin видеокарты биржа ethereum hd bitcoin купить ethereum cryptonator ethereum
bitcoin trading bitcoin loan я bitcoin minergate ethereum bitcoin obmen byzantium ethereum monero майнить bitcoin 100 dorks bitcoin forum ethereum tether gps eobot bitcoin
капитализация ethereum bitcoin life 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.lamborghini bitcoin bitcoin bitrix bitcoin форк заработка bitcoin bitcoin выиграть bitcoin trojan bitcoin bounty программа bitcoin ethereum видеокарты
ethereum russia daemon bitcoin bitcoin ферма
контракты ethereum bitcoin создатель bitcoin 2017 bitcoin сделки stealer bitcoin бизнес bitcoin расширение bitcoin форекс bitcoin wallets cryptocurrency
rotator bitcoin ethereum contracts новости bitcoin валюта bitcoin mine monero monero курс bitcoin gift bitcoin конверт tether bootstrap antminer bitcoin капитализация bitcoin bitcoin видео bitcoin buying bitcoin service bitcoin go ethereum логотип magic bitcoin блокчейна ethereum bitcoin zebra tails bitcoin konvert bitcoin map bitcoin
bitcoin js client ethereum cryptocurrency calendar bitcoin список delphi bitcoin clockworkmod tether bitcoin blog Their power to work this way originated in their critical skills. These skills act as a wedge within organizations, earning technical operators considerable freedom of direction. The efficacy of this wedge increased when the technical operator provided a skill which was in great demand, affording them job mobility. In this instance, their dependence on the organization was reduced. Company ideology was typically not a strong force amongst technologists, in comparison to 'professional ideology,' or the belief in the profession and its norms. The elite technologists were becoming outsiders within their own companies.What are orphan blocks?bitcoin greenaddress
In fact, a private key can be stored as a seed phrase that can be remembered, and later reconstructed. You could literally commit your seed phrase to memory, destroy all devices that ever had your private key, go across an international border with nothing on your person, and then reconstruct your ability to access your Bitcoin with the memorized seed phrase later that week.bitcoin value keystore ethereum Blockchain technology is being explored to help streamline and manage content creation and sharing, licensing and distribution, digital use, payments, and royalties for artists. Mycelia is artist Imogen Heap’s Blockchain-based project, which helps give musicians more control over their assets and how they distribute them. Last year, JAAK launched a Blockchain pilot program aimed at solving royalty payment issues. There's some debate as to whether this technology will work within the industry. Most experts agree that once more is known about the technology; it could become more beneficial to music.bitcoin instagram moto bitcoin
pro100business bitcoin Such problems can be avoided with blockchain technology, as it facilitates traceability across the entire supply chain. Blockchain technology can be used to track all types of transactions in a very secure and transparent manner. bitcoin суть заработать monero ann monero
bitcoin plus alpha bitcoin exchange ethereum
monero windows
Bitcoin cannot be turned off — it is like a benevolent virus which, so long as a few hosts survive somewhere in the world, can perpetuate itself and regrow at the speed of information.mining bitcoin minergate bitcoin bitcoin ставки locate bitcoin баланс bitcoin casper ethereum
The next day comes, the friend tells you that he doesn’t have the ice cream and can’t get it. You have to trust that your friend’s telling the truth. 