Why Is Litecoin Better Than Bitcoin Cash? : Litecoin
Genuine question, not trolling, I'm trying to figure this out. I normally have a rule of thumb to only invest in one type of crypto. So for example, only one privacy coin, wont invest in Monero & Verge at the same time, one or the other. Cardino or Ethereum, one or the other not both. As a means of payment I'm trying to figure which is best to keep my funds, Litecoin vs Bitcoin Cash as a form of peer to peer payment. The benefit I see to Litecoin that the community dates back much longer. Are there any other reasons that Litecoin may be superior that I'm missing. Continue reading >>
Litecoin Vs Bitcoin: Comparing Two Of The Most Popular Cryptocurrencies
Litecoin vs Bitcoin: Comparing Two of The Most Popular Cryptocurrencies Litecoin vs Bitcoin. Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes to become a successful cryptocurrency. Bitcoin is the clear poster-child for the crypto-community. However, Litecoin has developed a user base from those who are skeptical of some aspects of Bitcoin but still strongly believe in the future of cryptos. While Bitcoin and Litecoin have some slight technical differences, they both set out to accomplish the same thing: transfer value using cryptographic principles. Yet once the two coins face off, its clear why Bitcoin has come out the winner. Note:On mobile devices, swipe and scroll table. We can compare cryptocurrencies from many angles, but the most popular method is looking at their market capitalization. Market cap is essentially the amount of currency on the market (usually in U.S. dollars). Bitcoin is currently ranked number one with a market cap of over $56 billion, and Litecoin is ranked fifth with a market cap of $2.56 billion. Bitcoin is the standard cryptocurrency that most users and platforms prefer. You might be thinking, So why are we talking about Litecoin? Its market cap may be a tiny sliver of cake compared to Bitcoins $45 billion, but its one of the few altcoins with an active user base and legitimate credentials. (You can view current market caps in the table above to see how theyve changed since this article was published.) Litecoin functions like Bitcoin: It is an online payment system that uses cryptocurrency instead of a natio Continue reading >>
Ripple, Litecoin Offer Better Returns Than Bitcoin: 5 Things To Know About Bitcoin Rivals
Litecoin gave 5,200% return in 2017 in comparison to 1,400% by bitcoin Ripple is now priced around $2.3 against bitcoin's $13,100 Bitcoin offered 1,400% or 14 times of its price on January 1 the year before. At the same time there were cryptocurrencies that gave relatively higher returns but they didn't happen to gain popularity as the world's most popular cryptocurrency. Ripple is priced around $2, litecoin can be bought for $231, while bitcoin is available for a whopping $13,660 on Tuesday. However, in the beginning of 2017, the prices of bitcoin, litecoin and ripple were $1,000, $4.3 and $0.006311, respectively. This means, ripple gave 36,000% returns and litecoin gave 5,200% return in comparison to the 1,400% return earned by bitcoin investors. In the year-closing weekend, the market cap of ripple, after surging past $100 billion (on December 30, 2017), even crossed the Ethereum's that hovers around $72 billion. Five Key Differences Between Bitcoins Vs Ripple Vs Litecoin 1. Bitcoin and ripple prices have jumped like most other currencies and assets on some relevant triggers and also on the preponderance of investors' interest. Ripple's price (in the last week of 2017) surged past $2.3 since there was a news that the South Korean and Japanese banks were testing the viability of cryptocurrency's usage in cross border payments. Similarly, bitcoin prices rose in December 2017 in run up to the bitcoin's inclusion in the futures trading platforms that include CME Group and CBOE (Chicago Board options Exchange). 2. The processing time for a bitcoin transaction is nearly 10 minutes per block, while ripple (XRP), being the newer technology, takes mere 3 seconds. It is noteworthy to mention that each transaction adds to the block and collection of such blocks makes a chain, Continue reading >>
Why Litecoin Is Massively Undervalued Vs. Bitcoin Contributed Opinion
Why Litecoin Is Massively Undervalued vs. Bitcoin Source: Jason Hamlin for Streetwise Reports(11/7/17) Cybercurrencies have been red-hot recently and Jason Hamlin of Gold Stock Bull explains why he believes Litecoin is undervalued. With all of the chatter about Bitcoin forks, few people remember that Litecoin was actually one of the first forks of Bitcoin. Unlike Segwit2x, it was not a hostile or contentious fork that sought to replace Bitcoin. It was an open-source fork launched during October of 2011, by Charlie Lee. Charlie views Litecoin as silver to Bitcoin as gold. Litecoin had some key differences when it launched including: 4x as many coins (84 million vs. 21 million for Bitcoin) 1/4 the block confirmation time (2.5 minutes vs 10 minutes for Bitcoin) Scrypt proof-of-work (simpler and less energy-intensive mining) Charlie wanted it to be complementary to Bitcoin and believed it offered some key advantages. He also wanted Litecoin to be a fair distribution and thus there was no pre-mine of the currency as we have seen from several other competing cryptocurrencies. Charlie is still leading its development and very active in the cryptocurrency community. Charlie also worked for coinbase.com for a long time, before quitting in June of this year to focus on Litecoin full time. Litecoin is currently the #5 cryptocurrency with a market capitalization of $3.3 billion. This compares to Bitcoin with a market capitilization of $120 billion. Thus, Bitcoin is currently valued at roughly 40 times the value of Litecoin. Yet, there are only four times more Litecoin in existence than Bitcoin. Given how long Litecoin has been along, the trust it has established and some clear technological advantages over Bitcoin, one would expect the gap in their valuations to be smaller. Here a Continue reading >>
Bitcoin Vs. Litecoin: What's The Difference?
Bitcoin Vs. Litecoin: What's The Difference? By Jason Fernando | Updated December 12, 2017 10:06 AM EST Hydropower: The Key to Bitcoin Mining in the Future? Over the past several years, public interest in cryptocurrencies has increased dramatically. The main focus of this interest has been Bitcoin , which, following the release of its first public client in 2009, has become the dominant name in cryptocurrency. In recent years, however, many other cryptocurrencies have entered the scene. Among these, one name which has garnered increasing interest is Litecoin. Indeed, Litecoins own developers have long stated that their intention is to create the silver to Bitcoins gold. In this article, we will explore the similarities and differences between these two leading cryptocurrencies. On the surface, Bitcoin and Litecoin share a lot in common. At the most basic level, they are of course both cryptocurrencies. Whereas state currencies such as the U.S. dollar or the yen rely on political and legal mechanisms for value and legitimacy, cryptocurrencies rely only on the cryptographic integrity of the network itself. Yet Bitcoin and Litecoin also differ in important respects. In what follows, we will address four of their most important differences, progressing from the most straightforward differences to the more complex. (Read more What Is Litecoin And How Does It Work? ) At the time of writing, Bitcoins market capitalization sits at roughly $4 billion. Whether this figure strikes you as either high or low will depend largely on your historical perspective. When we consider that Bitcoins market capitalization was barely $42,000 in July 2010, its current figure seems staggering. When, however, we consider that it has declined by roughly 66 percent since its all-time high in Decemb Continue reading >>
Bitcoin Vs Ether Vs Litecoin Vs Ripple: Differences Between Cryptocurrencies
By now, you've no doubt heard about the massive bitcoin rally this year . And you may also have read about other cryptocurrencies, such as litecoin and Ethereum , surging too. But there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves. CNBC has created a brief guide on how the top five cryptocurrencies by market capitalization, or value in the world, have performed so far this year, and what the differences are between each of them. All market cap and year-to-date rise figures are accurate as of December 14. But because of the frenzy around bitcoin, transaction times have spiked, which could go against the original aims of the cryptocurrency. While Nakamoto referred to bitcoin as electronic cash, many experts have called it "digital gold" and said it could be a long-term store of value. At the moment, some retailers in Japan have begun accepting bitcoin as payment and there are even instances of real estate firms accepting it too . But there is little evidence of widespread use of bitcoin for payments. Ethereum is the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts. Take a trade finance deal, for example. This relies on each party in the deal having a paper or digital copy of the contract and needing to update it individually. It's arduous and prone to error. But a smart contract is one that is written in code into a blockchain. Once the terms of the contract are met by each party, a deal will be executed. Many major organizations are exp Continue reading >>
Litecoin Vs. Bitcoin | Digital Trends
Posted on February 4, 2018 - 6:00AM 2.4.18 - 6:00AM Although Bitcoin remains the flagship cryptocurrency to many, that hasnt stopped hundreds of developers from releasing hundreds of alternative coins over the years. One of the first to hit the scene was Litecoin in 2011, making it one of the oldest altcoins and a powerful cryptocurrency in its own right, with a market worth billions. But what if you pit Litecoin vs. Bitcoin? Is one cryptocurrency better than the other everywhere, or do they both have their strengths? In this breakdown, well match the two head to head to see which one youre best off buyng, whatever you want to use them for. If youre interested in more cryptocurrency comparisons, check out our guide to Ethereum, and how it measures up compared to bitcoin . Although making money wasnt the original idea for cryptocurrencies, thats what many buyers and sellers use them for, not least because almost all have spiked in value in recent months. Many early owners have made huge amounts of money over the past year.Thats not to say any of it is a guarantee. Cryptocurrencies of all types arenotoriously volatile, and have been especially so in recent times. Bitcoin went from being worth around $1,000 at the start of 2017 to close to $20,000 in December, before settling to around $12,000 at the start of 2018. Litecoin had a similarly meteoric rise . It rose from just $4 in January 2017 to more than $370 at its peak less than 12 months later. At the time of writing, its corrected to $150. This is a pattern thats been repeated among most cryptocurrencies, however. With Litecoin at least, there is a lot of name recognition. As one of the oldest cryptocurrencies, its established and has a longer history than almost all others of retaining its value over time. Its also s Continue reading >>
Is Litecoin Better Than Bitcoin? - Updated 2017
Originally Answered: Is Litecoin a better investment than Bitcoin? Among the many alternative cryptocurrencies, or altcoins , that exist today, few have been around for as long and done as well as Litecoin. Created by former Google employee and Director of Engineering at Coinbase Charlie Lee, Litecoin was among the earliest forks of the Bitcoin Core client when it was launched in October 2011. The creators of this blockchain -based altcoin define it as a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. Since Litecoin is based on Bitcoins open source codebase it shares several features with the latter. Hence, many have been under the misconception that it is a mere clone that has no value of its own to offer. But thats not entirely true. Litecoin v Bitcoin. Whats the difference? The launch of Bitcoin as an open source software gave developers the opportunity to fork the original codebase and add whatever features they wanted; thereby creating a new cryptocurrency. And thats precisely what Charlie Lee did. Even before it was three-years-old, Bitcoin was being bogged down by a few pestering problems. Among them, the most constant were the long transaction times and the mining of bitcoins being skewed in the favour of mining conglomerates. Recognising the market potential of a cryptocurrency that solves these problems, Charlie Lee came up with Litecoin. The first problem Litecoin addressed was transaction time. While the Bitcoin network processes a block every 10 minutes, Litecoin does it every 2.5 minutes. This four-fold increase in block generation results in quicker transactions and enables the network to handle higher transaction volumes while scaling. Litecoin also has a maximum supply of 84 million tokens (four time Continue reading >>
5 Reasons Litecoin Is A Better Choice Than Bitcoin
5 Reasons Litecoin Is a Better Choice Than Bitcoin "Bitcoin-Lite" has a lot more to offer investors, albeit current cryptocurrency valuations appear bloated. "What goes up can go up a whole lot more" has sort of been a theme of cryptocurrencies in 2017. Despite no shortage of skeptics, the aggregate market value of every cryptocurrency combined has vaulted from $17.7 billion on Dec. 31, 2016, to as high as $635 billion as of Dec. 20, 2017. That's right -- a nearly 3,500% increase in value in less than a year. There have been a number of catalysts pushing the value of virtual currencies higher as a whole. Topping this list is the emergence of blockchain technology . Think of blockchain as the infrastructure that these virtual coins are built upon. Blockchain is the digital, distributed, and decentralized ledger that records all transactions, and does so without the need for a third party. Using blockchain as opposed to current databases might lead to more secure networks that settle transactions faster and cheaper. Emotions have played a pivotal role as well. Since institutional investors have mostly stuck to the sidelines, retail investors have been responsible for the upward move in digital coins thus far. Some of these investors, especially those with little investing experience, have been lured in by the fear of missing out on big gains. These emotions have compounded to push cryptocurrencies ever higher. An increase in use for virtual coins has also served as a catalyst. Bitcoin, which has served as the face of this rally, has successfully been adding new merchants to its network, to go along with the brand-name merchants it added back in 2014. As more merchants become willing to accept virtual coins, the validity of using these tokens to purchase goods and service Continue reading >>
Why Litecoin Is Equally Good Or Better Than Bitcoin
Why Litecoin Is Equally Good Or Better Than Bitcoin Certified Research Analyst, Growth, long-term horizon, Cryptocurrency Enthusiast Both Bitcoin and Litecoin are deflationary. Litecoin payment confirmations are faster. Litecoin is more adaptive to technical up-scaling. Comparing two stocks to find out the relatively better value buy is quite easy for a traditional research analyst who deals with equity market. The number of parameters available for comparison is wide and time tested, starting from a simple quarterly result's net profit to complex ones like debt equity ratio, PE, trailing EPS etc. Stocks are categorized by its market capitalization and industry to make the study more focused. But when comes to crypto world, we don't have any time tested parameters to filer out the naked ones from others which are promising and disruptive in nature. So an investor who decided to invest in crypto currencies have to overcome this black-hole by using some simple traditional techniques which requires normal IQ level only. Let us first discuss about the similarities between these two coins and then step in to future outlook of Litecoin. 1. Both Bitcoin and Litecoin are deflationary These crux behind the deflationary nature is simple defined by the demand supply logic in basic economics. The supply of both these coins will be tapered in coming years and at the same time demand will be increasing if something catastrophic is not happening in crypto space. Bitcoin will have 21 million coins in its entire life span and Litecoin will have 84 million , which is exactly 4 times that of Bitcoin. Considering the fact that in early days, people gave little importance on secure storage, millions worth coins were lost which cannot be recovered by any chance. This is the reason why both Continue reading >>
Bitcoin, Ripple And Litecoin Sell-off: What's Different This Time Around?
Bitcoin, Ripple And Litecoin Sell-Off: What's Different This Time Around? The current sell-off in Bitcoin, Ripple, Litecoin and other cryptocurrencies may have a long way to go before its over. For a technical reason: its broad, extending from major currencies to the smaller ones. When Bitcoin dropped close to 40% back in the middle of December, Ripple rallied, quadrupling in value in just a few days. The rally quickly spread to Ethereum, Litecoin, NEM, Siacoin and Bytecoin, and other cryptocurrencies. Then, as Ripple and other cryptocurrencies sold off a couple of weeks later, Bitcoin rallied. Theres a good explanation behind the rotation among cryptocurrencies. Some cryptocurrency exchanges require Bitcoins to pay for coin transactions. So investors who already owned Bitcoins had to sell them to pay for those transactions. Rotation from one coin to another isnt new to investing. It has been applied on Wall Street for years, where investors rotate funds between defensive and cyclical stocks, at times when interest rates, i.e. the opportunity cost of money, remain low. Thats bullish for stocks, because it confirms that money is staying within this asset class rather than moving back into money market investments. And that was a bullish sign for cryptocurrencies back then, too. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don't own any Bitcoin). But thats not what is happening this time around. With the exception of Ethereum, all major cryptocurrencies are down simultaneously. In the last seven days, Bitcoin is down 10.10%, Ripple is down 17.23%, and Litecoin is down 10.40%; and all are 50% or more below their all-time high Continue reading >>
What Is The Difference Between Litecoin And Bitcoin?
What is the Difference Between Litecoin and Bitcoin? In 2009, Satoshi Nakamoto launchedbitcoin as the world's first cryptocurrency. The code is open source, which means it can be modified by anyone and freely used for other projects. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success. Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's 'gold'. At the time of writing, Litecoin has the highest market cap of any mined cryptocurrency, after bitcoin. Here's our guide to show you the crucial difference between bitcoin and litecoin. Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin. The key difference for end-users being the 2.5 minute time to generate a block, as opposed to bitcoin's 10 minutes. Charles Lee now works for Coinbase , one of the most popular online bitcoin wallets. For miners and enthusiasts though, litecoin holds a much more important difference to bitcoin, and that is its different proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ASIC technology, and has caused an exponential increase in bitcoin's difficulty level. Litecoin, however, uses the scrypt algorithm originally named as s-crypt, but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scryp Continue reading >>
Is Litecoin A Better Investment Than Bitcoin?
Is Litecoin a Better Investment Than Bitcoin? As Ethereum's and Bitcoin's prices plummeted amid panic surrounding Bitcoin's future, Litecoin surged. It moved from $40 in June to a high of $55. Considering its quick jump in price, many investors are doing a double take and reexamining Litecoin. Perhaps its core weakness being too similar to Bitcoin will help it grow in value. It seems to be acting as a hedge against Bitcoin's rampant volatility. The Wealth Daily research team put together a detailed report about Litecoin, its founding team, and its unique traits, which investors can read here. The purpose of this article is to look at the relationship between Bitcoin and Litecoin and analyze ways that relationship could affect Litecoin's future. The Strange Relationship Between Litecoin and Bitcoin History has taught us that Bitcoin has the power to influence the rest of the digital currency market. We observed this lesson again this week when Bitcoin went streaking down after a 28% rally following hopes that the "Bitcoin Civil War" was finally coming to an end. Ethereum's price followed Bitcoin. But, even as other digital currencies tank into the red, Litecoin seems immune to Bitcoin's siren call. Looking at the chart below (Litecoin in blue, Bitcoin in red), investors can see that Litecoin's value actually increased when Bitcoin's remained static. It tanked when Bitcoin surged and then continued to rise alongside Bitcoin for the remainder of the month: The chart indicates that some investors are unwilling to bet on Bitcoin. After a month of turbulence, much of which was generated by the Bitcoin community, investors seem to be putting stock in alternative coins that serve the same purpose. Is Litecoin a Better Investment Than Bitcoin? This is a great question. But it r Continue reading >>
Litecoin Versus Bitcoin
Bitcoin is considered to be digital gold to many investors whereas Litecoin is considered digital silver. Several technical and marketing advantages of Litecoin are explained. Bitcoin has gone up 1,300% in one year whereas Litecoin is up 2,400%. Bitcoin is getting all the attention these days. But, there are many alternatives to Bitcoin if you're looking to put money into a cryptocurrency. I won't make you wait; I'm going to be talking about Litecoin. This will be fun. But first, I'm going to start with a couple of assumptions. Assumption #1 - You're interested in Bitcoin and cryptocurrencies but you feel like you've missed out. Is there another potential speculation opportunity? Assumption #2 - You're willing to accept that any alternative to Bitcoin could be even more volatile, unstable and mysterious. Or, maybe some alternatives just aren't as well understood by the market providing an opportunity. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. Here's a quick visual for you that provides a rough-and-ready comparison to the better known Bitcoin: How is Litecoin better than Bitcoin? First, Litecoin has cheaper transaction fees. It's a few pennies with Litecoin and $5-6 per transaction with Bitcoin. That makes Litecoin significantly more cost effective tha Continue reading >>
Bitcoin Vs. Litecoin, Ethereum, Ripple, And Dash
Bitcoin vs. Litecoin, Ethereum, Ripple, and Dash Bitcoin is the oldest and most popular digital currency in the market. However, there are over 800 other digital currencies (known as altcoins) that can be also purchased and held as an investment. In this guide, well compare four of the most popular altcoins with bitcoin, so you can become familiar with other potential digital currency investment opportunities. When litecoin first launched in 2011, it was said that if bitcoin is digital gold, then litecoin is digital silver. For a long time, that was the case. Litecoin quickly emerged as the second largest digital currency after bitcoin, as measured by market capitalization. The altcoin even experienced a degree of merchant adoption in its early years. Its popularity faded somewhat as the Ethereum project and its native digital currency, ether, became the second largest digital currency in 2016. However, when it was announced in early 2017 that Litecoin would adopt the so-called SegWit upgrade for its blockchain, which addresses blockchain scaling issues, the price of litecoin shot up from its 2-year trading range of $3 to $5 to reach a new all-time high of over $50 on July 1, 2017. Litecoin has become a very popular digital currency because it has all the benefits of bitcoin but has faster transaction times and lower transaction fees. This is why many digital currency experts believe it has the potential to challenge bitcoin as the go-to digital currency of the future. This belief is shared by many digital currency investors, which may explain why the price of litecoin has rallied by over 1000 percent from March to July 2017. If you believe that global adoption of litecoin (LTC) will surge since its transactions are faster and cheaper than bitcoin, then adding litecoin Continue reading >>