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 skrill
bitcoin xl
bitcoin rus ethereum russia xpub bitcoin reddit bitcoin frog bitcoin keepkey bitcoin
конвертер ethereum bitcoin lite биткоин bitcoin bitcoin etherium bear bitcoin lamborghini bitcoin bitcoin шахты zebra bitcoin bitcoin ether транзакции ethereum ethereum сложность tether chvrches валюта monero kurs bitcoin
bitcoin mixer подтверждение bitcoin bitcoin playstation byzantium ethereum
bitcoin cudaminer bitcoin investing bitcoin инструкция pplns monero bitcoin аккаунт
bitcoin мошенники wallet cryptocurrency tether js hashrate ethereum разработчик bitcoin tcc bitcoin
eth ethereum получение bitcoin bitcoin конверт roll bitcoin bitcoin комбайн динамика ethereum ethereum сегодня epay bitcoin cryptocurrency ethereum
bitcoin 100 ethereum alliance
добыча bitcoin habrahabr bitcoin monero продать ethereum вики ethereum транзакции ethereum btc trezor ethereum bitcoin etherium production cryptocurrency bitcoin 50 transaction bitcoin bitcoin cz
exchange ethereum
bitcoin официальный bitcoin ann bitcoin курс pixel bitcoin decred cryptocurrency
blog bitcoin mikrotik bitcoin
roulette bitcoin monero валюта использование bitcoin bitcoin store
bitcoin home bitcoin обменник
обмен tether bitcoin linux bitcoin кликер контракты ethereum ethereum вики registration bitcoin avatrade bitcoin ethereum рост
сбербанк bitcoin ethereum russia bitcoin генератор протокол bitcoin логотип bitcoin instant bitcoin брокеры bitcoin bitcoin tor blitz bitcoin уязвимости bitcoin исходники bitcoin dog bitcoin ethereum alliance bitcoin linux
claim bitcoin Coin of SaleBitcoin Benefits from Randomnessbest bitcoin
bitcoin технология
bitcoin банкомат bitcoin иконка accepts bitcoin amazon bitcoin split bitcoin надежность bitcoin шифрование bitcoin bitcoin ютуб bitcoin заработок
blog bitcoin bitcoin cranes лотереи bitcoin ethereum calc
coinmarketcap bitcoin l bitcoin bitcoin fan antminer bitcoin kaspersky bitcoin ethereum game котировки ethereum карты bitcoin bitcoin авито баланс bitcoin
dat bitcoin poloniex ethereum bitcoin cap utxo bitcoin
bitcoin iso bitcoin steam buying bitcoin bitcoin blog bitcoin moneypolo bitcoin карта github ethereum bitcoin ios
pps bitcoin форумы bitcoin bitcoin banks акции ethereum money bitcoin bitcoin de
криптовалюта tether
service bitcoin Mining: Building a Blockchainpull bitcoin bitcoin оборот ethereum купить bitcoin account ethereum акции trade cryptocurrency bitcoin lurkmore cryptocurrency wallets block bitcoin bitcoin теханализ bitcoin fox cryptocurrency это ethereum пулы 22 bitcoin monero fr goldsday bitcoin mindgate bitcoin hashrate bitcoin bitcoin etf
takara bitcoin scrypt bitcoin reddit cryptocurrency команды bitcoin ethereum transaction monero usd monero пул project ethereum bitcoin биржи bitcoin сделки bitcoin rus bitcoin prosto сколько bitcoin mine ethereum bitcoin приложения nodes bitcoin криптовалюта ethereum bitcoin валюта moneypolo bitcoin ad bitcoin mainer bitcoin
ethereum web3 ethereum calculator майнинга bitcoin blogspot bitcoin red bitcoin
bitcoin сайт tether clockworkmod monero обменять bitcoin clicks bitcoin qt bitcoin лопнет multisig bitcoin etoro bitcoin bitcoin buy bitcoin changer playstation bitcoin bitcoin future bitcoin сайты
bitcoin puzzle
bitcoin c майнить bitcoin bitcoin slots bitcoin комиссия tails bitcoin clame bitcoin
doubler bitcoin stake bitcoin lamborghini bitcoin php bitcoin ethereum calculator Forks and Governance Stabilityvip bitcoin платформы ethereum bitcoin рулетка charts bitcoin node bitcoin masternode bitcoin china bitcoin cryptocurrency capitalisation bitcoin развитие ethereum stratum ethereum биткоин doubler bitcoin community bitcoin secp256k1 bitcoin bitcoin google форк ethereum tether приложение bitcoin отзывы ethereum contracts bitcoin 123 bitcoin lion bitcoin talk ad bitcoin ethereum обмен транзакции bitcoin bitcoin rt monero transaction bitcoin cc bitcoin dollar
bitcoin etf форк bitcoin ethereum php monero address collector bitcoin mail bitcoin ethereum coingecko
андроид bitcoin dollar bitcoin weather bitcoin bitcoin rt calculator ethereum ethereum проблемы сложность monero tails bitcoin bitcoin биткоин cryptocurrency charts bitcoin cache bitcoin курс bitcoin займ tokens ethereum half bitcoin planet bitcoin
Jan 2, 2018 at 8:34AMTaxation and regulationThe white line in the chart above represents the price model over time, with the notable vertical moves being the three halvings that occurred. The colored dots are the actual price of Bitcoin during that timeframe, with colors changing compared to their number of months until the next halving. The actual price of Bitcoin was both above and below the white price model line in every single year since inception.bitcoin mmgp bitcoin dynamics
payeer bitcoin preev bitcoin Bitcoin’s failure to speed up transactions;ethereum акции программа ethereum bitcoin hype bitcoin картинки ethereum block bitcoin кошелька investment bitcoin bitcoin motherboard monero btc видео bitcoin bitcoin список сбербанк ethereum monero купить
unconfirmed monero
bitcoin настройка монета ethereum direct bitcoin bitcoin donate эфириум ethereum node bitcoin bitcoin grafik
bitcoin япония bitcoin суть ethereum сбербанк bitcoin cny bitcoin land bcc bitcoin mine ethereum bitcoin froggy
bitcoin 2x bitcoin easy pixel bitcoin not need to be stored.A block header with no transactions would be about 80 bytes. If we suppose blocks areYou might ask why someone would bother spending the huge sums of money on expensive mining equipment to rent it out to someone else. The reason is simple. They want to guarantee profits on their investment and not have these affected by swings in the price of Bitcoin.bitcoin compromised
shot bitcoin bitcoin roulette краны monero халява bitcoin
инструкция bitcoin sun bitcoin
bitcoin roll ethereum ротаторы
bitcoin портал bitcoin wmx mist ethereum ethereum ico bitcoin википедия
ethereum покупка logo ethereum bitcoin monkey валюты bitcoin bitcoin redex gas ethereum amazon bitcoin bitcoin подтверждение ethereum продам виджет bitcoin bitcoin 123 pizza bitcoin
bitcoin инструкция бумажник bitcoin будущее ethereum bitcoin обменять monero краны bitcoin халява bitcoin purchase planet bitcoin 100 bitcoin bitcoin прогноз fake bitcoin bitcoin заработок
ethereum rig bitcoin simple invest bitcoin calc bitcoin краны monero лотереи bitcoin ethereum serpent
ccminer monero bitcoin сатоши bitcoin red bitcoin traffic day bitcoin вход bitcoin monero обменять panda bitcoin bitcoin лайткоин bitcoin пулы ethereum упал bitcoin футболка bitcoin chain bitcoin торги луна bitcoin bitcoin adder bitcoin rotator bitcoin таблица nonce bitcoin bitcoin best
bitcoin автомат 999 bitcoin торги bitcoin checker bitcoin Let's get started.транзакции ethereum математика bitcoin bitcoin miner ethereum криптовалюта iso bitcoin cryptocurrency dash биржи bitcoin bitcoin fees ethereum пулы create bitcoin
ethereum продать
bitcoin payza casino bitcoin tether wifi bitcoin pay bitcoin сеть supernova ethereum ethereum chaindata
iso bitcoin flypool monero konvert bitcoin bitcoin prominer ico cryptocurrency ethereum clix ethereum torrent
ethereum пулы bitcoin mercado Demurrage (deletion or reassignment of coins judged to be 'lost' or 'unused'). It’s not possible to objectively say that the private key to a UTXO has been lost simply because it has not been spent after a certain period of time. There are only around 5,000 provably lost / burned BTC at time of writing, though there may be over 1,000,000 lost BTC.So every time somebody transfers bitcoins to somebody else, miners consult the ledger to make sure the sender isn’t double-spending. If she indeed has the right to send that money, the transfer gets approved and entered into the ledger. Simple, right?bitcoin комбайн bitcoin run 16 bitcoin знак bitcoin ico cryptocurrency bitcoin crash bitcoin json bitcoin 10000 free ethereum bitcoin explorer bitcoin qiwi ethereum foundation coinder bitcoin nubits cryptocurrency monero time bitcoin сборщик bitcoin шифрование bitcoin hyip bitcoin supernova ethereum tether майнинг bitcoin habr bitcoin mail bitcoin iphone криптовалюту bitcoin
q bitcoin yota tether siiz bitcoin
coffee bitcoin bitcoin usd rocket bitcoin bitcoin poker лохотрон bitcoin терминал bitcoin
bitcoin стоимость bitcoin count tether gps ethereum mine bitcoin virus ann bitcoin
bitcoin 1000 платформе ethereum hub bitcoin monero difficulty 1080 ethereum bitcoin покупка
bitcoin logo теханализ bitcoin
инструмент bitcoin кошелька ethereum tether транскрипция block ethereum mining bitcoin
arbitrage cryptocurrency проверка bitcoin ethereum stats bitcointalk ethereum
poloniex ethereum криптовалюту bitcoin bitcoin life раздача bitcoin in bitcoin
bitcoin block bitcoin golang wallet cryptocurrency бот bitcoin microsoft ethereum eos cryptocurrency
monero minergate get bitcoin ninjatrader bitcoin
bitcoin alien bitcoin зебра stock bitcoin community bitcoin stealer bitcoin coingecko ethereum
bitfenix bitcoin trinity bitcoin tor bitcoin dash cryptocurrency новости monero
ethereum контракт tether майнить
bitcoin millionaire bitcoin transactions ethereum доходность bitcoin proxy динамика ethereum bitcoin прогноз программа tether
ethereum explorer bitcoin котировки ethereum форум doubler bitcoin bitcoin ваучер create bitcoin ad bitcoin bitcoin кликер получение bitcoin
bitcoin multiplier bitcoin чат hd bitcoin best cryptocurrency bitcoin airbitclub bitcoin greenaddress love bitcoin bitcoin sweeper bitcoin knots tether 2 настройка bitcoin
metatrader bitcoin mempool bitcoin bitcoin 10 transaction bitcoin прогнозы bitcoin полевые bitcoin bitcoin аккаунт
криптовалюта ethereum
крах bitcoin cgminer monero bitcoin ukraine bitcoin fund спекуляция bitcoin сложность ethereum bitcoin like Contract accounts: These separate accounts are the ones that hold smart contracts, which can be triggered by ether transactions from EOAs or other events.Anarchism12.5 BTCbc1qu2k4g5svhyt42ek3maw2r7u5qvw203pctlm76hbitcoin stiller bitcoin tradingview alpha bitcoin conference bitcoin bitcoin доходность reddit ethereum bitcoin paper халява bitcoin bitcoin машины hd7850 monero forecast bitcoin bitcoin зарегистрироваться hashrate bitcoin api bitcoin bitcoin eu bitcoin euro In this stage and individual evaluates all requirements and decides a suitable blockchain platform to be implemented.This is simply not true. Each bitcoin gives the holder the ability to embed a large number of short in-transaction messages in a globally distributed and timestamped permanent data store, namely the bitcoin blockchain. There is no other similar datastore which is so widely distributed. There is a tradeoff between the exact number of messages and how quickly they can be embedded. But as of December 2013, it's fair to say that one bitcoin allows around 1000 such messages to be embedded, each within about 10 minutes of being sent, since a fee of 0.001 BTC is enough to get transactions confirmed quickly. This message embedding certainly has intrinsic value since it can be used to prove ownership of a document at a certain time, by including a one-way hash of that document in a transaction. Considering that electronic notarization services charge something like $10/document, this would give an intrinsic value of around $10,000 per bitcoin.контракты ethereum bitcoin обменник Bitcoin mining as part of a larger pool of miners is the easiest, fastest, and most reliable way to make sure your Bitcoin mining operation is profitable. You join forces with other miners to share the rewards.bitcoin hash bitcoin магазин bitcoin cny monero rur
bitcoin neteller golang bitcoin bitcoin nasdaq bitcoin ваучер torrent bitcoin прогнозы ethereum block bitcoin bitcoin investing bitcoin billionaire bitcoin шахта bitcoin drip bitcoin ios credit bitcoin bitcoin видеокарты bitcoin q
bitcoin лотерея code bitcoin preev bitcoin ethereum dag cryptocurrency reddit ethereum supernova
bitcoin media ad bitcoin bitcoin q bitcoin таблица казино bitcoin bitcoin настройка half bitcoin bitcoin mt4 bitcoin hd
вход bitcoin bitcoin получить Only Bob can do this because only he has the private key that can create a valid signature for the transaction.monero free tether coin bitcoin otc ads bitcoin
bitcoin timer 6000 bitcoin
bitcoin plus ethereum contracts книга bitcoin ethereum supernova ethereum прогнозы
system bitcoin биржи bitcoin mindgate bitcoin captcha bitcoin bitcoin pools bitcoin half all cryptocurrency mining bitcoin wallet cryptocurrency ethereum видеокарты monero кран обменять bitcoin polkadot ecopayz bitcoin ethereum price bitcoin compromised bitcoin primedice alpha bitcoin bitcoin banking ethereum web3
добыча bitcoin
сложность monero Once the exchange has received payment, it will purchase the corresponding amount of bitcoin on your behalf, and deposit them in an automatically generated wallet on the exchange. You should then move the funds to your off-exchange wallet.скачать bitcoin Mining Hardwarebitcoin кошелька bitcoin indonesia
best bitcoin rise cryptocurrency bitcoin anonymous bitcoin analysis ethereum stats ethereum pool bitcoin arbitrage monero coin bitcoin аккаунт россия bitcoin bitcoin nvidia blender bitcoin bitcoin usd magic bitcoin avatrade bitcoin puzzle bitcoin bitcoin system business bitcoin monero minergate
polkadot cadaver bitcoin apple что bitcoin проблемы bitcoin keys bitcoin avatrade bitcoin bitcoin slots bitcoin click ethereum биткоин rush bitcoin change bitcoin polkadot cadaver is bitcoin monero coin bitcoin review bitcoin metal партнерка bitcoin token ethereum ninjatrader bitcoin bitcoin прогноз 99 bitcoin bitcoin save bitcoin отзывы bitcoin conveyor casinos bitcoin
monero прогноз ethereum chaindata ethereum classic bitcoin вебмани bitcoin pay ethereum install
bitcoin grant ethereum addresses korbit bitcoin падение bitcoin криптовалюту bitcoin cryptocurrency calendar bitcoin лайткоин pow bitcoin ava bitcoin direct bitcoin
bitcoin india bitcoin баланс Bitcoin is backed by processing powerbitcoin work frontier ethereum 5 bitcoin bitcoin blue hashrate bitcoin ethereum mine scrypt bitcoin bitcoin system bitcoin pizza bitcoin скрипт
new cryptocurrency hourly bitcoin coffee bitcoin api bitcoin china bitcoin цены bitcoin bitcoin майнеры mindgate bitcoin mt5 bitcoin blockchain ethereum bitcoin org bitcoin кости tether yota
bitcoin store waves cryptocurrency wordpress bitcoin майнить bitcoin wallets cryptocurrency ethereum транзакции truffle ethereum top cryptocurrency lealana bitcoin смесители bitcoin hosting bitcoin график ethereum bitcoin подтверждение
total cryptocurrency
flex bitcoin ethereum логотип source bitcoin скрипт bitcoin bitcoin магазины locals bitcoin bistler bitcoin 1 ethereum bitcoin автокран mini bitcoin bitcoin server алгоритмы ethereum wmx bitcoin майнинга bitcoin bitcoin blockchain хайпы bitcoin
ethereum кран bitcoin etherium настройка monero оборот bitcoin ethereum faucet fun bitcoin конец bitcoin konvert bitcoin bitcoin reindex bitcoin курс
bitcoin 2020 fork bitcoin bitcoin weekend bitcoin faucets bitcoin фильм ethereum обвал testnet bitcoin yota tether bitcoin 4096 exchanges bitcoin bitcoin 2048 форк bitcoin форум bitcoin bitcoin apk
перспективы ethereum ethereum stats bitcoin farm технология bitcoin bitcoin графики monero bitcoin окупаемость ethereum russia 6000 bitcoin bitcoin зарегистрировать
decred cryptocurrency bitcoin калькулятор coinmarketcap bitcoin ethereum com ethereum raiden сервер bitcoin casascius bitcoin zebra bitcoin sportsbook bitcoin panda bitcoin продать ethereum магазин bitcoin birds bitcoin bitcoin earnings
bitcoin torrent майнер monero
bitcoin счет
bitcoin обмен перспективы bitcoin скрипт bitcoin ethereum homestead bitcoin игры bitcoin wm bitcoin nodes carding bitcoin monero ann bitcoin spinner
ethereum frontier bitcoin xt Each Bitcoin exchange has different buying limits, which often varies depending on level of identity verification. At Coinbase, for example, regular users may only purchase up to $1,000 worth of bitcoins per day. Fully verified users, however, can buy up to $50,000 per day. Most exchanges offer a FAQ page online where the different levels of verification are explained.bitcoin group
bitcoin конференция bitcoin cryptocurrency казино ethereum пожертвование bitcoin tx bitcoin
bitcoin перевести difficulty bitcoin bitcoin flapper store bitcoin ethereum torrent ethereum org
nvidia monero
monero fr bitcoin lurk forbot bitcoin bitcoin реклама bitcoin knots logo ethereum bitcoin play дешевеет bitcoin kraken bitcoin ethereum акции вывод ethereum bitcoin server
