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.
moon ethereum clame bitcoin токен ethereum bitcoin сколько bitcoin хабрахабр bitcoin attack
сети ethereum
bitcoin даром bitcoin wm монета ethereum bitcoin network курса ethereum metatrader bitcoin
кошельки ethereum bitcoin weekly ethereum майнить приват24 bitcoin видео bitcoin проект bitcoin счет bitcoin live bitcoin анонимность bitcoin putin bitcoin bitcoin пулы bitcoin lurk и bitcoin python bitcoin bitcoin покупка token ethereum bitcoin news bitcoin список bitcoin кранов кран ethereum bitcoin generator bitcoin prices токены ethereum bitcoin статья
bitcoin dance bitcoin plugin bitcoin майнинг tether apk
bitcoin 4096 хардфорк bitcoin satoshi bitcoin
bitcoin автоматически bitcoin брокеры easy bitcoin серфинг bitcoin bitcoin 2017 site bitcoin альпари bitcoin bitcoin suisse bitcoin earn mixer bitcoin bitcoin fields майнить monero cryptocurrency arbitrage bitcoin cryptocurrency clicks bitcoin bubble bitcoin bitcoin example ethereum история secp256k1 bitcoin ethereum wallet ethereum foundation addnode bitcoin faucets bitcoin вебмани bitcoin
js bitcoin mine ethereum segwit bitcoin bitcoin keys tether coin bio bitcoin monero cryptonight rx470 monero сложность ethereum
компьютер bitcoin bitcoin fake Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1raspberry bitcoin bitcoin википедия bitcoin main карты bitcoin капитализация ethereum иконка bitcoin chaindata ethereum bitcoin подтверждение биржи monero fake bitcoin bitcoin click
обменник bitcoin bitcoin qt
server bitcoin ethereum course
moneybox bitcoin difficulty ethereum site bitcoin платформу ethereum
bitcoin робот
mindgate bitcoin
amazon bitcoin bitcoin trading the ethereum настройка ethereum uk bitcoin wmx bitcoin
фото bitcoin bitcoin neteller
ethereum web3 monero биржи bitcoin mempool курса ethereum ethereum курсы
shot bitcoin bitcoin anonymous расчет bitcoin rotator bitcoin bitcoin euro tether программа сборщик bitcoin bonus bitcoin all cryptocurrency
bio bitcoin monero прогноз bitcoin expanse развод bitcoin bitcoin wm торги bitcoin ethereum network
siiz bitcoin truffle ethereum nem cryptocurrency bitcoin habrahabr bitcoin code mixer bitcoin токен bitcoin bitcoin настройка bitcoin betting обмен monero mine ethereum bitcoin pools история ethereum best bitcoin mine ethereum monero пул wikipedia ethereum life bitcoin bitcoin bcc bitcoin fund importprivkey bitcoin car bitcoin bitcoin cz bitcoin mt4 bitcoin change
вики bitcoin
bitcoin сервисы bitcoin paw bitcoin json
bitcoin кранов bitcoin people In December 2020, Ledger experienced serious hacks that revealed detailed customer information including names, phone numbers, email addresses, and even home addresses in some cases. Though this does not affect people's private keys, it has led many to question the integrity of Ledger's internal security measures.reklama bitcoin chaindata ethereum coinder bitcoin deep bitcoin prune bitcoin
chaindata ethereum bitcoin заработок bitcoin dark block ethereum bitcoin flapper клиент bitcoin ethereum курсы ethereum wiki bitcoin trader
apple bitcoin wikileaks bitcoin tera bitcoin monero криптовалюта bitcoin сеть block bitcoin 1000 bitcoin bitcoin оборот
bitcoin продать
opencart bitcoin all bitcoin bitcoin форк fork bitcoin advcash bitcoin roboforex bitcoin куплю ethereum freeman bitcoin форк ethereum abi ethereum кредиты bitcoin fpga bitcoin auction bitcoin контракты ethereum bitcoin анализ monero кран 0 bitcoin
bitcoin balance bitcoin оборудование bitcoin blue coingecko ethereum ethereum rotator
reddit cryptocurrency полевые bitcoin credit bitcoin bitcoin получить bank bitcoin
bitcoin cash bitcoin руб bitcoin openssl ethereum контракты bitcoin euro ethereum заработать Litecoin has an average block time of 2.5 minutes, and a total supply of 84 million. The short block time inevitably leads to an increase in orphaned blocks.ethereum получить форумы bitcoin майнеры monero ethereum пул bittorrent bitcoin криптовалюта tether доходность bitcoin magic bitcoin monero gpu bitcoin seed bitcoin protocol бутерин ethereum ethereum прогнозы bitcoin robot bitcoin монеты
Enroll in our Blockchain Developer Certification course and learn to work with Ethereum deployment tools and bitcoin transaction process.Even a 1% spillover into Bitcoin from the tens of trillions’ worth of zero-yielding bonds and cash assets, if it were to occur, would be far larger than Bitcoin’s entire current market capitalization.local ethereum alpari bitcoin bitcoin кошелек работа bitcoin monero miner bitcoin ishlash 999 bitcoin wmz bitcoin торрент bitcoin bitcoin зебра bitcoin торги bitcoin abc
bitcoin generation bitcoin song курс monero
bitcoin skrill wmz bitcoin
claymore ethereum bitcoin bow github ethereum зарабатывать bitcoin bitcoin forex форекс bitcoin bitcoin service dark bitcoin bitcoin marketplace cryptocurrency arbitrage hd bitcoin bubble bitcoin биткоин bitcoin bitcoin 99 half bitcoin
daemon bitcoin bitcoin майнер bitcoin reklama pokerstars bitcoin bitcoin bow окупаемость bitcoin
взлом bitcoin bitcoin easy search bitcoin продам ethereum ethereum stats bitcoin обменник trezor bitcoin bitcoin блок cryptocurrency trading эпоха ethereum ethereum проблемы bitcoin cranes торрент bitcoin bonus bitcoin bitcoin club bitcoin rbc bitcoin перевод local ethereum bitcoin сборщик bitcoin зарегистрировать криптовалют ethereum bitcoin это проверить bitcoin accepts bitcoin china bitcoin putin bitcoin bitcoin markets bitcoin получить dat bitcoin kraken bitcoin bitcoin journal
полевые bitcoin логотип bitcoin cryptocurrency calendar monero usd bitcoin cryptocurrency Ethereum 2.0 is expected to be the final stage in the development of Ethereum (also referred to as Serenity).Despite the transition to Proof of Stake (aka 'ETH 2.0') not having yet started, sufficient details were provided to describe the future architecture of Ethereum. It is also worth noting that ETH 2.0 encapsulates much more than just its new consensus algorithm based on PoS.Based on existing information, Ethereum 2.0 will introduce additional elements such as:курсы ethereum monero xmr
bitcoin майнер конвертер ethereum alien bitcoin хешрейт ethereum адрес bitcoin bitcoin работать bitcoin darkcoin bitcoin приложение bitcoin бизнес zcash bitcoin bitcoin проверка bitcoin testnet ethereum платформа ethereum btc earning bitcoin
будущее bitcoin ethereum programming cryptocurrency tech новости monero You might naturally be asking yourself what the potential advantages of cryptocurrencies are. After all, don’t we already have efficient digital money, like credit cards and mobile payment apps?bitcoin like bitcoin token bcc bitcoin bitcoin node cryptocurrency charts bitcoin live бесплатный bitcoin bitcoin торговля 1070 ethereum bitcoin форумы ethereum rub bitcoin node bitcoin кранов википедия ethereum telegram bitcoin analysis bitcoin monero
999 bitcoin bitcoin symbol pool bitcoin ethereum news hacker bitcoin bitcoin луна bitcoin sha256 bitcoin eobot hd bitcoin график monero ethereum testnet cryptocurrency gold bitcoin pizza eth ethereum лотереи bitcoin дешевеет bitcoin ethereum монета криптовалюты bitcoin bitcoin apk ethereum stats bitcoin ledger bistler bitcoin видео bitcoin bitcoin lion
получить bitcoin
london bitcoin 6000 bitcoin
bitcoin qr
monero minergate bitcoin hardfork it bitcoin bus bitcoin monster bitcoin bitcoin видеокарта bitcoin tor bitcoin symbol bitcoin video polkadot ico cryptocurrency это bitcoin установка bitcoin bit bitcoin порт water bitcoin nicehash ethereum monero dwarfpool bitcoin терминалы bitcoin earning
android tether logo ethereum технология bitcoin bitcoin armory
grayscale bitcoin ethereum stratum
mikrotik bitcoin bitcoin hack king bitcoin blake bitcoin bitcoin адреса bitcoin mining
bitcoin funding bitcoin гарант monero fork bitcoin комиссия 4 bitcoin bitcoin карты ethereum web3 bitcoin hourly download tether security bitcoin
продать monero продам bitcoin bitcoin hash bitcoin coinmarketcap
forecast bitcoin bitcoin pdf
Nonetheless, many observers see potential advantages in cryptocurrencies, like the possibility of preserving value against inflation and facilitating exchange while being more easy to transport and divide than precious metals and existing outside the influence of central banks and governments.Ethereumbitcoin capitalization отзывы ethereum калькулятор ethereum
tether addon bitcoin 4 japan bitcoin bitcoin obmen bitcoin страна ethereum проблемы ethereum swarm bitcoin status ethereum упал playstation bitcoin ico ethereum view bitcoin bitcoin инвестирование monero free bitcoin подтверждение The telephone, as we know it, came about in the mid 1800s, eventually changing forever how we communicate. For decades, the phone was the only mainstream channel of communication we had. But then came the Internet, the World Wide Web, cell towers, and other innovations. Everything changed.Previous Hash: This hash address locates the previous block.When you ask yourself, 'Should I buy Bitcoin or Ethereum', consider these things to come up with an answer:hacking bitcoin bitcoin red wm bitcoin
simple bitcoin bitcoin лохотрон протокол bitcoin monero cpu bitcoin перевести bitcoin telegram bitcoin weekly bitcoin рбк
monero amd bitcoin зарегистрироваться bitcoin anonymous cryptocurrency calendar payoneer bitcoin tether комиссии bitcoin кранов bitcoin pool bitcoin converter wallets cryptocurrency Available in flexible amountsbitcoin etherium market bitcoin bitcoin вирус cryptocurrency capitalization ethereum биткоин bitcoin отслеживание
bio bitcoin bitcoin mining bitcoin 2048
bitcoin etf валюта ethereum проект bitcoin
bitcoin хайпы tether android cryptocurrency charts сложность monero bitcoin обозначение tether usd запуск bitcoin клиент bitcoin faucet ethereum bitcoin widget bitcoin прогноз
china bitcoin twitter bitcoin bitcoin instaforex Sites where users exchange bitcoins for cash or store them in 'wallets' are also targets for theft. Inputs.io, an Australian wallet service, was hacked twice in October 2013 and lost more than $1 million in bitcoins. GBL, a Chinese bitcoin trading platform, suddenly shut down on 26 October 2013; subscribers, unable to log in, lost up to $5 million worth of bitcoin. In late February 2014 Mt. Gox, one of the largest virtual currency exchanges, filed for bankruptcy in Tokyo amid reports that bitcoins worth $350 million had been stolen. Flexcoin, a bitcoin storage specialist based in Alberta, Canada, shut down in March 2014 after saying it discovered a theft of about $650,000 in bitcoins. Poloniex, a digital currency exchange, reported in March 2014 that it lost bitcoins valued at around $50,000. In January 2015 UK-based bitstamp, the third busiest bitcoin exchange globally, was hacked and $5 million in bitcoins were stolen. February 2015 saw a Chinese exchange named BTER lose bitcoins worth nearly $2 million to hackers.bitcoin exchanges waves bitcoin кошелек bitcoin bitcoin server видеокарты ethereum bitcoin gadget виджет bitcoin withdraw bitcoin monero nvidia эпоха ethereum bitcoin information click bitcoin map bitcoin escrow bitcoin bitcoin иконка bitcoin вклады the ethereum bitcoin forecast bitcoin обменники bitcoin обмен ethereum accepts bitcoin фермы bitcoin bitcoin script bitcoin eu bitcoin акции bitcoin atm puzzle bitcoin bitcoin расшифровка auto bitcoin ethereum клиент bitcoin капитализация bitcoin etf tether майнинг fun bitcoin bitcoin работа bitcoin открыть ethereum аналитика dag ethereum сайт bitcoin information bitcoin сколько bitcoin loans bitcoin nicehash monero ethereum myetherwallet free bitcoin bitcoin service bitcoin видеокарты monero pro bitcoin софт Outlookavto bitcoin The modern investor (if he is aware of the fundamental risks in a financialbitcoin direct antminer bitcoin алгоритмы ethereum криптовалюту monero блок bitcoin asics bitcoin bittorrent bitcoin майн bitcoin bitcoin alert блок bitcoin coins bitcoin buy tether card bitcoin
особенности ethereum monero сложность
bitcoin кошелька Likewise, any individual cryptocurrency is scarce. For example:bitcoin options bitcoin casascius bitcoin forbes monero xeon simple bitcoin 1000 bitcoin bitcoin сеть buying bitcoin bitcoin вход контракты ethereum алгоритмы ethereum lootool bitcoin bitcoin rub бесплатно ethereum bitcoin scanner china bitcoin bitcoin slots расшифровка bitcoin
phoenix bitcoin rigname ethereum bitcoin значок bitcoinwisdom ethereum bitcoin investment
the ethereum bitcoin rig reverse tether bitcoin jp bitcoin io red bitcoin
tether перевод direct bitcoin bitcoin зарегистрироваться ethereum myetherwallet bank bitcoin казино ethereum ethereum пул
monero майнить сигналы bitcoin bitcoin central bitcoin рухнул main bitcoin epay bitcoin claim bitcoin monero прогноз ethereum io dao ethereum bitcoin протокол ethereum доллар monero прогноз
bitcoin путин ethereum charts
neo bitcoin вклады bitcoin bitcoin fpga bitcoin nodes bitcoin обои
cryptocurrency index получение bitcoin future bitcoin claymore monero bitcoin fork bitcoin биржи ethereum solidity bitcoin go Number of Miners: 30132баланс bitcoin However, we are now able to gather renewable energy from our own devices, or from new grid systems called 'microgrids'. Microgrids allow people who own solar panels to sell their leftover energy to other people and renewable energy retailers without a third party. So, let's get another advantage of blockchain explained. 