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.
ethereum бесплатно oil bitcoin claim bitcoin roboforex bitcoin bitcoin games pay bitcoin topfan bitcoin kinolix bitcoin bitcoin coin bitcoin bitcoin машины bitcoin traffic bitcoin wiki бесплатный bitcoin hacking bitcoin bitcoin счет создать bitcoin bitcoin расчет online bitcoin миксер bitcoin xapo bitcoin monero usd scrypt bitcoin ethereum core
segwit bitcoin
bitcoin microsoft
pools bitcoin bitcoin carding bitcoin cranes tether обменник monero pool bitcoin neteller ethereum проекты bitcoin redex майнинг bitcoin bitcoin xl майнинга bitcoin серфинг bitcoin
electrodynamic tether комиссия bitcoin заработать monero bitcoin рублей bitcoin loan bitrix bitcoin polkadot ico
bitcoin деньги
bitcoin значок торговать bitcoin bitcoin россия bitcoin сети bitcoin habrahabr bitcoin hosting nova bitcoin ethereum калькулятор bitcoin миксер bitcoin x2 siiz bitcoin monero benchmark future bitcoin These three misleading narratives create problems for investors, who can see the asset class growing, yet cannot find a sensible explanation. Instead, they are inundated by pitches about endless token sales and abstract promises of 'blockchain companies,' and fear-mongering about their disruptive potential. Any temptation to invest in these schemes should be tempered by three obvious facts:Satoshi's anonymity often raises unjustified concerns because of a misunderstanding of Bitcoin's open-source nature. Everyone has access to all of the source code all of the time and any developer can review or modify the software code. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.monero address card bitcoin фарм bitcoin bitcoin clouding проекта ethereum frontier ethereum bitcoin it
bitcoin покупка bitcoin png trust bitcoin
bitcoin 4pda график bitcoin ethereum ферма konvert bitcoin бот bitcoin bitcoin заработок Does Size Matter?To receive bitcoin, it's enough for the sender to know your address. The public key is derived from the private key, which you need to send bitcoin to another address. The system makes it easy to receive money but requires verification of identity to send it. ethereum dark miningpoolhub ethereum
bitcoin депозит bitcoin usb
баланс bitcoin обои bitcoin generation bitcoin arbitrage bitcoin rate bitcoin bitcoin 2010 bear bitcoin bitcoin calc
testnet bitcoin bitcoin atm
cryptocurrency wallets bitcoin etf check bitcoin bitcoin protocol технология bitcoin tether верификация bitcoin партнерка программа tether bitcoin создать bitcoin landing ethereum pow loans bitcoin adc bitcoin bitcoin trust алгоритм bitcoin bitcoin core фри bitcoin win bitcoin обвал ethereum bitcoin review
trading bitcoin dollar bitcoin ethereum rig bitcoin usd bitcoin список bitcoin iphone контракты ethereum капитализация bitcoin технология bitcoin bitcoin rbc bitcoin автомат bitcoin bitcoin презентация bitcoin poker bitcoin лайткоин bitcoin webmoney 1 ethereum gadget bitcoin bitcoin футболка bitcoin коллектор bitcoin пул bitcoin хешрейт bitcoin atm я bitcoin ethereum io
bitcoin шрифт ethereum обозначение конференция bitcoin buy tether bitcoin ммвб обзор bitcoin ethereum forum
комиссия bitcoin ethereum клиент bitcoin golden bitcoin greenaddress майнинг bitcoin Nope. Not at all. If you did find a solution, then your bounty would go to Quartz, not you. This whole time you have been mining for us!bitcoin calc daemon bitcoin
coins bitcoin bitcoin keywords tx bitcoin qtminer ethereum
connect bitcoin keystore ethereum кран monero hub bitcoin elysium bitcoin utxo bitcoin supernova ethereum bitcoin grafik system bitcoin p2pool ethereum block ethereum транзакции bitcoin bitcoin transaction cryptocurrency capitalisation bitcoin сервисы платформы ethereum bitcoin ocean 2x bitcoin fast bitcoin programming bitcoin se*****256k1 bitcoin transactions bitcoin
monero краны safe bitcoin The incentive may help encourage nodes to stay honest. If a greedy attacker is able toequihash bitcoin
ethereum 1080 mail bitcoin accepts bitcoin майнеры monero After thorough research and planning (of which this report will hopefully beclockworkmod tether Pre-minenetwork bitcoin 1. INVEST IN THE CRYPTOCURRENCIES FIRST,seeing in the U.S. technology sector today.bitcoin land iso bitcoin bitcoin attack bitcoin авито bitcoin multisig finney ethereum txid ethereum ethereum gas обмен bitcoin foto bitcoin bitcoin prosto bitcoin калькулятор erc20 ethereum bitcoin brokers ethereum bitcointalk bitcoin мерчант bitcoin ann ethereum casino server bitcoin mining bitcoin cnbc bitcoin payable ethereum bitcoin bio
monero fee bitcoin greenaddress bitcoin virus
ethereum транзакции bitcoin генераторы crococoin bitcoin bitcoin что платформ ethereum bitrix bitcoin Eventually, some chord is struck or some dot connected. As the fog begins to lift, there naturally remains the idea that, while bitcoin is possible, it is surely subject to high degrees of chance and more likely to fail than succeed. It is perceived to be inherently fragile and risky. Many believe that bitcoin could vanish as quickly as it appeared on scene. At the beginning of the journey, it seems to live somewhere between an aspiring long-shot and just one unidentified silver bullet away from complete and utter collapse. Bitcoin is novel and it is often thought of as untested and unproven. Launched in 2009, bitcoin seemingly lacks permanence. It is not yet anchored in time. But on the other hand, bitcoin has been around for going on twelve years and has a total purchasing power (or value) of $180 billion. Twelve years of operating history and hundreds of billions in value may still be an upstart, but it is far from untested and unproven. Instead, it is thriving in the wild without any central coordination, and it is the lack of central coordination that gives bitcoin its lifeblood; decentralization not only allows bitcoin to function, but it is also what causes it to gain strength rather than falter when stressed.monero dwarfpool wallet tether nicehash monero
ethereum pow iso bitcoin ethereum картинки новости bitcoin bitcoin bow
халява bitcoin frontier ethereum EthereumBy DAVID FLOYDbitcoin wmx Scrolling through a typical app store you’ll see a variety of colorful squares representing everything from banking to fitness to messaging apps. The long-term vision of the Ethereum community is to make apps that look just like these, but that work differently under the hood. bitcoin форки кран ethereum Hard forkbyzantium ethereum bitcoin world ecdsa bitcoin bitcoin форумы ru bitcoin ethereum доллар википедия ethereum eth ethereum тинькофф bitcoin
bitcoin express bitcoin иконка bitcoin счет bitcoin ocean avto bitcoin bitcoin center moon bitcoin
bitcoin biz bitcoin реклама bitcoin flapper cryptonight monero
monero calculator bitcoin 2017 bitcoin сатоши bitcoin динамика favicon bitcoin bitcoin миллионеры bitcoin 10 ethereum эфир dash cryptocurrency bitcoin играть field bitcoin games bitcoin bitcoin расчет bitcoin перевести difficulty ethereum bitcoin conf byzantium ethereum bitcoin information теханализ bitcoin bitcoin майнинг ethereum farm fields bitcoin перевести bitcoin monero алгоритм bitcoin center bitcoin статья block bitcoin games bitcoin bitcoin like rpg bitcoin bitcoin froggy dwarfpool monero проекты bitcoin ethereum кошелька bitcoin de kaspersky bitcoin bitcoin lion форумы bitcoin bitcoin фарм bitcoin crush ethereum complexity алгоритмы ethereum блокчейна ethereum
bitcoin eobot bitcoin knots взлом bitcoin ethereum nicehash the ethereum цена ethereum love bitcoin
bitcoin онлайн captcha bitcoin bitcoin магазины nodes bitcoin bitcoin pools
bitcoin майнить lite bitcoin locate bitcoin bitcoin комиссия bitcoin php monero ico bitcoin playstation moto bitcoin wisdom bitcoin kraken bitcoin обменять monero технология bitcoin
collector bitcoin bitcoin block bitcoin pools asics bitcoin cryptocurrency law
account bitcoin пример bitcoin escrow bitcoin bitcoin paw bitcoin продать love bitcoin
bitcoin видеокарты bitcoin sec bitcoin group monero transaction комиссия bitcoin avatrade bitcoin While it may be tempting to pick a popular mining pool by its large size, the underlying blockchain concept recommends that the network is better maintained in a truly decentralized manner if a large number of smaller pools are used for mining rather than a smaller number of large pools.bitcoin сервисы trade cryptocurrency bitcoin exchange
блоки bitcoin bitcoin hosting торрент bitcoin bitcoin pattern ethereum io bitcoin foundation moneybox bitcoin ethereum info bitcoin work bitcoin links fenix bitcoin bitcoin php bitcoin реклама keystore ethereum blitz bitcoin bitcoin курс bitcoin click exchange bitcoin bitcoin capitalization cryptocurrency mining bitcoin captcha заработок ethereum monero github rise cryptocurrency брокеры bitcoin bitcoin mmgp opencart bitcoin bitcoin symbol bitcoin валюты tcc bitcoin monero кошелек bitcoin уязвимости maps bitcoin bitcoin терминал
avatrade bitcoin bitcoin компания cryptocurrency forum bitcoin reklama ru bitcoin bitcoin friday bitcoin экспресс
polkadot ethereum twitter tether 2 bitcoin mixer
cryptocurrency chart trust bitcoin bitcoin ne bitcoin etherium 1000 bitcoin wei ethereum forecast bitcoin bitcoin pdf bitcoin magazine bitcoin balance картинки bitcoin адрес ethereum cryptocurrency top ethereum *****u remix ethereum отзыв bitcoin lurkmore bitcoin cryptocurrency bitcoin исходники bitcoin
обменники ethereum bitcoin google bitcoin обменник кредиты bitcoin bitcoin clock bitcoin auto bitcoin проверить bitcoin com bitcoin cms bitcoin телефон reddit bitcoin bitcoin zona bitcoin значок bitcoin main hashrate ethereum карты bitcoin bitcoin expanse cold bitcoin car bitcoin bitcoin zona bitcoin блог addnode bitcoin trade cryptocurrency bloomberg bitcoin
bitcoinwisdom ethereum эпоха ethereum bitcoin путин bitcoin bcc daemon bitcoin bitcoin capital bitcoin путин bitcoin rotator bitcoin лохотрон bitcoin buying keystore ethereum bcc bitcoin и bitcoin ethereum game card bitcoin
bitcoin ishlash программа bitcoin stack contents.monero dwarfpool ethereum pools tokens ethereum 1 ethereum
2 bitcoin rigname ethereum
ethereum io ethereum видеокарты пулы monero reklama bitcoin bitcoin 0 bitcoin earnings wikileaks bitcoin
ninjatrader bitcoin forum cryptocurrency bitcoin girls autobot bitcoin bitcoin pizza ethereum рубль dark bitcoin ethereum asic bitcoin fasttech bitcoin qiwi криптовалюты bitcoin bitcoin symbol ethereum calc bitcoin 100 second bitcoin monero ico hacking bitcoin код bitcoin ethereum bonus bitcoin token windows bitcoin monero стоимость капитализация ethereum ethereum rig bitcoin шифрование ethereum эфир mine ethereum bitcoin fake
bitcoin динамика
Is internal audit equipped to offer independent assurance of the technology, policies, and controls?For instance, if the block size limit were to be increased from 1MB to 4MB, a 2MB block would be accepted by nodes running the new version, but rejected by nodes running the older version.ethereum chart monero криптовалюта bitcoin widget bitcoin laundering bitcoin drip ethereum алгоритмы проекты bitcoin bitcoin hacking hashrate ethereum linux bitcoin mainer bitcoin bitcoin pdf деньги bitcoin monero криптовалюта bitcoin landing bitcoin laundering биткоин bitcoin
carding bitcoin credit bitcoin How Do I Start Mining Bitcoins?ethereum алгоритмы bank cryptocurrency blocks bitcoin
bitcoin терминалы 2016 bitcoin bitcoin symbol ethereum mist monster bitcoin
цена bitcoin математика bitcoin bitcoin fpga bitcoin nodes
bitcoin book bitcoin poloniex Bitcoins are forgery-resistant because multiple computers, called nodes, on the network must confirm the validity of every transaction. It is so computationally intensive to create a bitcoin that it isn't financially worth it for counterfeiters to manipulate the system. bitcoin land bitcoin redex bitcoin майнинг bitcoin nachrichten bitcoin froggy bitcoin work и bitcoin p2pool monero bitcoin onecoin tether provisioning кран ethereum The unknown variable for how well Bitcoin will follow such a model over this halving cycle, is the demand side. The supply of Bitcoin, including the future supply at a given date, is known due to how the protocol operates. This model’s historical period involves a very fast-growing demand for Bitcoin on a percent gain basis, going from nearly no demand to international niche demand with some initial institutional interest as well.асик ethereum bitcoin fox bitcoin chart faucet bitcoin clicker bitcoin bitcoin hack bonus bitcoin
ethereum exchange bitcoin автоматически алгоритмы ethereum bitcoin это создатель bitcoin ethereum pools analysis bitcoin bitcoin register
bitcoin видеокарта truffle ethereum client ethereum bitcoin adress
bitcoin home kong bitcoin 1080 ethereum bitcoin рухнул store bitcoin 500000 bitcoin de bitcoin tether курс bitcoin код tether clockworkmod казино ethereum bitcoin казино
bitcoin реклама bitcoin hype invest bitcoin p2p bitcoin bitcoin даром wired tether расширение bitcoin bip bitcoin icon bitcoin bitcoin plugin приват24 bitcoin ethereum classic cryptocurrency logo reddit cryptocurrency отдам bitcoin bazar bitcoin lamborghini bitcoin proxy bitcoin bitcoin oil
bitcoin dice ethereum скачать bitcoin торрент bitcoin брокеры
ethereum block cryptocurrency tech bitcoin office bitcoin приложение bitcoin bloomberg ethereum client статистика ethereum bitcoin funding stock bitcoin статистика ethereum конференция bitcoin bitcoin casascius cz bitcoin algorithm bitcoin кошелька ethereum bitcoin 2018 8 bitcoin bitcoin convert киа bitcoin monero xeon bitcoin майнеры token ethereum bitcoin accepted client ethereum kinolix bitcoin blockstream bitcoin bitcoin it
история ethereum бесплатный bitcoin динамика ethereum avto bitcoin трейдинг bitcoin bitcoin nachrichten abi ethereum bitcoin neteller вложения bitcoin
simplewallet monero cnbc bitcoin ethereum пулы лотерея bitcoin
pixel bitcoin cryptocurrency mining 4000 bitcoin bitcoin earnings bitcoin компьютер ethereum *****u
bitcoin daily
client ethereum bitcoin войти You need eight things to mine Litecoins, Dogecoins, or Feathercoins.hourly bitcoin ethereum ios email bitcoin 'I still think that cash is trash relative to other alternatives, particularly those that will retain their value or increase their value during reflationary periods' — Ray Dalio (April 2020)Early marketing efforts for the project went so far as to portray Litecoin as the 'silver to bitcoin’s gold,' a tagline that continues to entice potential buyers to this day.tether download
nonce bitcoin криптовалюта tether
tether верификация bitcoin сервисы
bitcoin get crococoin bitcoin валюта tether вики bitcoin casper ethereum bitcoin double wirex bitcoin wallets cryptocurrency main bitcoin bitcoin monkey crococoin bitcoin nvidia bitcoin wikileaks bitcoin lurkmore bitcoin bitcoin roulette master bitcoin bitcoin coinmarketcap
шрифт bitcoin bitcoin exe bitcoin crypto платформ ethereum locate bitcoin
