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Litecoin (ltc) For Beginners

Litecoin (ltc) For Beginners

According to the official website , 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. Litecoin was officially released in 2011 by Charlie Lee, a former Google and Coinbase employee. He created Litecoin by forking the Bitcoin codebase and added new features. Litecoins symbol is and ticker used to represent it is LTC. The smallest unit is called a Litoshi. Litecoin envisioned to be the faster, smarter and cheaper version of Bitcoin. Litecoin was released as an opensource client on October 7, 2011 by Charlie Lee. The Litecoin network went live on October 13, 2011. There was no premine (a premine is when developers keep some portion of the coins for themselves before they release it to the public). Everyone had equal fair access to join the network, contribute resources and get rewarded in Litecoins. In 2013, the market cap of Litecoin reached $1 billion for the first time. Litecoin transactions are faster compared to Bitcoin. For a transaction confirmation, it take 10 minutes for Bitcoin while it only takes 2.5 minutes for Litecoin. Speed plays a huge role in the widespread adoption of a cryptocurrency. Faster block times also reduces the possibility of any bad actors double spending their coins. The average transaction fee on the Litecoin network over the last few months has been around $0.2 compared to Bitcoins $5 fee. Such low fee attracts people who use cryptocurrencies in their daily lives, for shopping or even remittance and trading purposes. With the adoption of Segwit, we can expect the transaction fees to go down more. While Bitcoin uses the SHA 256 algorithm, Litecoin uses Scrypt. Scrypt Continue reading >>

Charlie Lee [ltc] (@satoshilite) | Twitter

Charlie Lee [ltc] (@satoshilite) | Twitter

This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

Tenx Updates On Litecoin And Blockfolio

Tenx Updates On Litecoin And Blockfolio

As you may have noticed we have added support for LTC on the TenX wallet app for both iOS and Android . This was released without an announcement a little over a week ago, this allowed for a slower adoption rate while we finalise live testing going forward this will be our process for new coin integrations to ensure both stability and wide availability. We are also excited to announce a new partnership; we have reached out to, and are working with the Litecoin Foundation to introduce a co-branded card for which more information will be available soon. We hope to become the preferred payment platform for fans and owners of Litecoin, and cannot wait to see you use our wallet and join the revolution! The PAY token is now a default coin shown within the portfolio section of the Blockfolio app although this change will only show for new users/fresh installs. Blockfolio offers complete cryptocurrency management, with easy to use tools to keep track of cryptocurrency investments. Users get detailed price and market information for individual currencies and their entire portfolio all in one place. As you drill down by tapping on the PAY token, you will see at the bottom Team Updates where TenX related announcements will be available in the app when you select the PAY token. This is something were really excited about as we are one of the few companies Blockfolio chose to allow access to this new feature while they test and refine it. This allows for us to communicate to PAY token holders/watchers directly within the Blockfolio app which has close to 100,000 people subscribed to the PAY token updates. If you dont already have it, download Blockfolio now . Were excited to work with TenX as one of the teams participating in the Blockfolio Signal pilot. Blockfolio Signal provides Continue reading >>

Litecoin (ltc) - Crypto Mining Blog

Litecoin (ltc) - Crypto Mining Blog

All About BTC, LTC, ETH, ZEC mining as well as other alternative crypto currencies New Innosilicon A6+ LTC Master 2.2 GHS Scrypt ASIC Miner Litecoin (LTC) has been doing pretty well lately and no wonder that with the returning user interest in one of the oldest altcoins out there, ASIC manufacturers are also trying to attract new customers for their improved mining hardware. Here comes the new Innosilicon A6+ LTC Master ASIC miner wth PSU included promissing 2.2 GHS Scrypt hashrate at 2100W of power usage ready for shipping at a price of $3000 USD (or 0.613874 BTC or 45.034 LTC with the current prices). Innosilicon A6+ is an enhanced version of last years Innosilicon A6 LTC Master with improved performance and energy efficiency. The new Scrypt ASIC miner almost doubles the hashrate with just half of the power usage increase and it is interesting to note that Innosilicon still sells the old A6 miner at a price of $2000 USD without PSU for 1.23 GHS hashrate with 1500W power usage (significantly less than the initial price of $6300 USD it had when announced). Unfortunately running the numbers for the new miner through an LTC mining calculator, while profitable, the profit you can currently get over the power cost isnt really attractive to really make you want to pull the trigger and get the miner. Innosilicon A6+ LTC Master Specifications: Power Consumption: 2100w ( +/-10%, normal mode, at the wall, with 93% efficiency PSU, 25C temperature) Size: (L)360mm*(W)155mm*(H)247mm (dual tube) Litecoin Cash (LCC) is an Upcoming SHA256 Fork of Litecoin If you just had enough of Bitcoin forks lately, then this might be of interest an upcoming Litecoin fork called Litecoin Cash (LCC) is coming up shortly and it will be using SHA256 as mining algorithm among some other changes. The Li Continue reading >>

Top 15 Litecoin Blogs & Websites On Litecoin Crypto-currency

Top 15 Litecoin Blogs & Websites On Litecoin Crypto-currency

Top 15 Litecoin Blogs & Websites On Litecoin Crypto-Currency The Best Litecoin blogs from thousands of top Litecoin blogs in our index using search and social metrics. Data will be refreshed once a week. If your blog is selected in this list, you have the honour of displaying this Badge (Award) on your blog. About Blog For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining. About Blog At CCN we provide you with the latest Bitcoin news, including other cryptocurrencies like Ethereum, NEO, Litecoin and ICOs. About Blog Ethereum is an open software platform based on blockchain technology that allows developers to create and deploy decentralized applications. About Blog Welcome to Blockchain Believers. Our mission is to educate and share the values and technology of Blockchain. "Think inside the block!" About Blog Full crypto currency market outlook and real time monitoring. Blockchain Initial Coin Offering ICO information. Blog about forex, cryptocurrency and investments. About Blog Crypto Currency Facts.com is a free-to-use website that has been focused on teaching people the basics of cryptocurrency since 2015. Cryptocurrency facts takes a look at digital currencies like Bitcoin to help explain what cryptocurrency is, how it works, and its implications. About Blog Bite My Coin is one of the latest products of an international digital marketing agency Anchovy. Our mission is to guide you through the complex process of understanding cryptocurrency and Distributed Ledger Technologies in the most practical way leaving you with a clear understanding of the market and helping you to take the first steps. About Blog Liteco Continue reading >>

Why Is Litecoin's Price Going Up? - Ico Watch List Blog

Why Is Litecoin's Price Going Up? - Ico Watch List Blog

Over the course of the last seven (7) days, Litecoin has witnessed over 2,000 percent (%) increase in its value per unit moving from a base of about $89 to one Litecoin (LTC) up to a figure of $320 per Litecoin as at the time of writing this article. The question on the mind of many has been what are the factors that have catalyzed this surge in the value of the altcoin? The first step to understanding this recent surge is to first get to know what Litecoin is. Litecoin was built on the back of Bitcoin and it was basically created to compliment Bitcoins efforts by allowing crypto-investors diversify their portfolio. Litecoin is one of the most prominent currencies on the market; it featuresregularly in the top five (5) cryptocurrency ranking on coinmarketcap.com by way of market capitalization. Litecoin was created by a former Google employee, Charlie Lee who is also the Director of Engineering at Coinbase. Charlie has over 300 thousand followers in micro-blogging platform, twitter and is known to be one of the influencers in the cryptocurrency space. Though the recent exceptional performance of LTC has got him excited, he has urged calm and the need for people to be cautious as they increase their investment position in Litecoin. By way of transactions and mode of operations, Litecoin is known to be faster with block generation taking about 2.5 minutes as compared to Bitcoins 10 minutes. Litecoin also has bigger block sizes and can process more transactions per block. There are also more Litecoins in circulation as compared to Bitcoins and this could possibly be a reason why the altcoin has been significantly cheaper than its much popular cousin Bitcoin. Some analysts however believe that Litecoin has been undervalued over the last couple of months and that this price Continue reading >>

Coinbase Insider Trading: Litecoinedition

Coinbase Insider Trading: Litecoinedition

Coinbase is conducting an investigation into unusual trading activity that preceded its distribution of Bitcoin Cash onfortune.com Problem 1: Charlie Lee was an employee of Coinbase when Coinbase added Litecoin, a crypto-currency he created by simply copying Bitcoin and changing the name and adjusting a few variables and a hash function taken scrypt from another crypto-currency. Problem 2: Charlie Lee likely had significant holdings of Litecoin while he worked for Coinbase, and therefore may have asked many times for Coinbase to add Litecoin. Being an engineer at Coinbase, he may also be responsible for implementing the code to add Litecoin to Coinbase. Problem 3: The Litecoin community was essentially dead prior to being listed on Coinbase, on reddit. The only people who wanted Litecoin listed, were people hodling their Litecoins, and presumably, Charlie Lee. Litecoin Markets subreddit on March 2017 . Nobody wasposting. Charlie Lee kept promising Coinbase will add Litecoin on the Litecoin Telegram. Uploaded April 12th, 2017 Source ( Archive ) In my opinion, theres a conflict of interest going on between Coinbase, and the creator of Litecoin, Charlie Lee. Out of all of the other crypto-currencies they could add, they add the one with a practically dead reddit community and no transaction activity? Heres a chart showing the transactions involving Litecoin. Nobody used it. Even after GDAX added it, nobody cared about it. Segwit Upgrade was not a legitimate catalyst for Litecoin pricerising. Litecoin was not running into any of the capacity limits, and in fact, Litecoin effectively has a 4MB block size already. In my opinion, the SegWit upgrade was simply being copy and pasted from Bitcoin Core, into Litecoin, in order to drum up demand for Litecoins, as part of a pump an Continue reading >>

Story Of The Coin: Litecoin

Story Of The Coin: Litecoin

Litecoin (LTC) is a decentralized, easy-to-mine and fast-growing cryptocurrency that outperformed many altcoins in 2017. In December 2017, Litecoin hit its highest price to date, up more than 8000% in value compared to the previous year. Right now it is one of the top 10 cryptocurrencies by market cap. This rapid increase in value alongside sensational headlines about the crypto market has caught the attention of miners and investors. It is essentially a carbon copy of Bitcoin but with some notable improvements. With reported transaction times at just a quarter of those for Bitcoin, Litecoin is overall faster and cheaper for people to use. This makes it an attractive coin for future use in the global economy. While there are many altcoins being launched yearly, Litecoin has been gaining traction for the last 7 years, becoming an established cryptocurrency. Despite some recent price fluctuations in the altcoin market, Litecoin has retained its value over less established coins. Because Litecoin is supported by a wide variety of exchanges, it is easy to buy and sell, making it an ideal coin for experienced and novice investors alike. Having the ability to spend altcoins easily, alongside cheaper and faster transactions, may be what finally gives altcoins the edge over fiat currencies. With an ever-increasing list of places, you can spend Litecoin, more and more retailers are recognizing its usefulness. Litecoin, like other cryptocurrencies, is a peer-to-peer, decentralized cryptocoin. This means that Litecoin is not controlled by a central bank or government. Instead, each transaction is saved to the blockchain, a global ledger that verifies all transactions. Bitcoin takes around 10 minutes to confirm each transaction. Litecoin, by comparison, takes around a quarter of t Continue reading >>

Abras New Decentralized Investing Technology Platform

Abras New Decentralized Investing Technology Platform

Abras New Decentralized Investing Technology Platform Bill Barhydt - Thursday, March 15th, 2018 Today, Abra announced a new version of our smartphone app and exchange service, which enables investing in 20 cryptocurrencies and 50 fiat currencies as well as the real-time exchange across all 70 currencies.This is the first time a platform is offering 20 cryptocurrencies plus 50 fiat currencies in a single wallet with real-time exchange across all 70 and no third party custodian. How was Abra able to achieve something that no other company in the crypto space was able to achieve? The answer lies in our new smart contract-based investment platform. Abra has developed a unique multi-sig smart contract-based investment platform that allows us to create synthetic digital assets (e.g. stablecoins) based on Litecoin or Bitcoin. Abra has been using stablecoins in USD, EUR, JPY, KRW, etc. and our platform has already seen hundreds of millions of dollars worth of transactions using the same technology. We are now extending this technology to create synthetic digital assets that includes other cryptocurrencies. In other words, Abra gives you investment exposure to cryptocurrencies or fiat currencies without actually holding the physical currency. These multi-sig contracts based on P2SH scripts on the Litecoin and Bitcoin blockchains simulate investment contracts the way a gold ETF is a contract based on USD. In the case of a gold contract, if the value of gold goes up, the user gets more USD, and if the value of gold goes down, the user loses USD. Abra is doing the same thing but using Litecoin and Bitcoin instead of USD with Abra acting as the counterparty (i.e. the other signatory) to the P2SH scripts. Abra now runs a market making operation that hedges away our counterparty risk Continue reading >>

Why Buy Litecoin And When Is The Best Time To Buy? | Uphold Blog

Why Buy Litecoin And When Is The Best Time To Buy? | Uphold Blog

Cryptocurrency , Education | March 1, 2018 While Bitcoin has been making headlines throughout 2017, other cryptocurrencies have been carving out their own share in the marketplace. One of the most promising of the bunch, which also happens to be one of the largest cryptocurrencies on the market today, is Litecoin. Litecoin was founded in October 2011 by former Google employee Charlie Lee. Like many other cryptocurrencies, it provides a peer-to-peer transaction system that is not managed by any central authority. I wanted Litecoin to complement Bitcoinnot compete, Fortune quotes Lee as saying. Bitcoin can be used for moving millions of dollars between banks, buying houses, buying cars. () Litecoin can be used for cheaper things. In other words, if Bitcoin was like gold a store of value Litecoin is like silver: a currency created to be more suitable for daily transactions. Similarities Between Litecoin and Bitcoin Both Bitcoin and Litecoins supply is finite. Bitcoins circulation will be capped at 21 million and Litecoins at 84 million. This doesnt mean that once all of the supply is in circulation, you wont be able to have access to the currency. In fact, based on the supply-and-demand principle, the value of Bitcoin and Litecoin will go up if more people buy into it. In addition to their supply cap, the two currencies also share the same production process, which is called mining . In order to release new cryptocurrency into circulation, the so-called miners must take a set of transactions and complete an algorithmic challenge to find a hash of their content. This hash, which is a long string of numbers, acts like a unique code identifying and verifying this set of transactions, also known as block. Once its found, the proof-of-work mechanism regulates which valid block Continue reading >>

What Is Litecoin? - Coinjar Blog

What Is Litecoin? - Coinjar Blog

Litecoin was the first cryptocurrency to be forked off of Bitcoin, with its own features to make it unique. To truly understand Litecoin, you must have a decent understanding of Bitcoin and blockchain technology. Litecoin is a peer-to-peer decentralised digital currency much like Bitcoin but designed specifically for cheaper and faster everyday transactions. Charlie Lee, its creator, describes it best: When I designed the coin, I was trying to design a coin that was like silver compared to gold. So I made the confirmation times four times as fast and the total supply four times as much. Thats also why I decided to call it lite coin. Since Litecoin is forked off Bitcoin, it shares the same attributes of being a decentralised, blockchain-based digital currency. Here are two core attributes of Litecoin. As a cryptocurrency, there are no physical coins or notes when it comes to Litecoin. Its all digital. There is a limit of 84 million litecoins that can be mined out of the network, which is four times more than Bitcoins 21 million. The token ticker for litecoin is LTC. Litecoin is a lite version of Bitcoin, by providing lower transaction fees and faster transaction times, while still using the same open source code behind Bitcoin. This is because Litecoins blockchain generates blocks about four times faster than bitcoin. This means that transactions take considerably less time to process, and the fees are cheaper. Litecoin was created in October 2011 by former Google engineer Charlie Lee. Litecoin was designed to be a lite version of Bitcoin. Lee sold all his litecoins in December 2017 with the idea that this will let him focus on the development on litecoin and have the ability to comment on the coin unbiased. You can gain access to litecoin from a number of sources. Thes Continue reading >>

Litecoin

Litecoin

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Visit the offical litecoin website at litecoin.com Contribute and learn more here litecoin.info Watch a quick litecoin video to learn more Report and downvote scams instead of just responding to them ANYTHING PRICE RELATED that isn't a news article: /r/LitecoinMarkets Do not post methods to accept crypto/money/etc unless someone explicitly asks you. Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. After the first ad, providers are welcome to use reddit's advertising platform to continue to promote the service. Continue reading >>

Why Litecoin (ltc) Could Be Facebooks Chosen Cryptocurrency.

Why Litecoin (ltc) Could Be Facebooks Chosen Cryptocurrency.

Why Litecoin (LTC) Could Be Facebooks Chosen Cryptocurrency. Facebook founder and CEO, Mark Zuckerberg a few days ago announced his plans for the year included studying cryptocurrency and exploring how it can be utilized on social media platform, Facebook. In a published post, Zuckerberg outlined his personal goal for the year (2018), with the primary goal being to fix the controversial problems within the social media platform. To achieve this goal, Zuckerberg has outlined two critical areas of technology he plans on researching and implementing in 2018, i.e., cryptocurrency and encryption. These two critical areas of technology lead to decentralized power, which Zuckerberg considers a positive direction for Facebook. Now, Zuckerberg was vague in his plans regarding cryptocurrencies, not mentioning if he plans on integrating Bitcoin as a payment option or going with another altcoin, or building Facebooks token from scratch. However, his statement has done enough to get tongues wagging in the cryptocurrency community. The news of one of the worlds most powerful companies looking to integrate cryptocurrency payment into its platform is a massive deal. Zuckerbergs interest in cryptocurrency does not represent a first in Facebooks interest in digital currencies. Back in December, David Marcus, Facebook Messenger boss (and a former president of PayPal until 2014 when he joined Facebook) joined the board of directors of cryptocurrency exchange Coinbase. Of course, all these developments point to the fact that Facebook and a particular cryptocurrency is going to be blowing up 2018 with both Facebook and Messenger set to integrating crypto pay on the platform. Back in 2015, Facebook messenger unveiled a new payment feature that allows users connect their MasterCard or Visa de Continue reading >>

Litecoin Blog Top New Cryptocurrency

Litecoin Blog Top New Cryptocurrency

Also in Bitcoin Blogs Website cryptopotato. We are dedicated to offering accurate and thorough information on all stories covered from across the globe, focusing on a variety of topics central to this rapidly developing Litecoin Blog Top New Cryptocurrency. They, however, have Blockchain issues that Facebook would want to avoid, i. Find information about the top crypto coins, upcoming ICOs, wallets, exchanges, and Ethereum Mining Profitable With Proof Of Stake Altcoin Price Analysis more! Frequency - about 21 posts per week Since - Dec Get email alerts 9. So when are you buying your first Litecoin? Most notably, a worst-case scenario. Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Official Changelly Blog Exchange cryptocurrency online with the best market rate. Please someone help me with a Loaf wallet! Ethereum has been busy recently. Jaxx is a multi-cryptocurrency mobile wallet which supports Litecoin. At present, there are approx. Frequency about 5 posts per week. RSS Feed - reddit. On 20th September Litecoin and Decred were atomically swapped. Log in or sign up in seconds. All things created equally, if you used this indicator alone 1 BTC should be worth 3. OmiseGO is not owned by any single one party. About Blog Crypto is your information hub for cryptocurrency reviews and news. If you are new to the crypto space, you might have What Are The Korean Cryptocurrency Exchange Crypto Investment Book of only Bitcoin. Litecoin Foundation Store Sell Bitcoin For Cash Chicago Claymore Ethereum Minergate proceeds go to the dev's! RSS Feed - litecoinblog. I will miss working with you all. No one can feel, touch, or mint it. If you meet our standards, message the modmail. Because co-operating with and not working. Frequency - about 1 post per month Since - Apr Ge Continue reading >>

Why Abra Is A Big Deal For Litecoin

Why Abra Is A Big Deal For Litecoin

Abra is a non-custodial decentralized exchange. That means they don't own your private keys or hold your coins. When you log into the app, they give you seedkeys which you MUST write down. This is the first half of the 2-2 multisig that you create. In other words, you co-own the address that you deposit your Litecoin into. Abra is the 2nd partner of the 2-2 multisig. When you deposit LTC and trade for a coin, you sign your 1/2 of the transaction to Abra. Your LTC is then locked into the wallet. This method of trading ensures that you still hold the private keys in your mobile wallet. Unlike centralized exchanges like Coinbase, Abra doesn't own possessions and is not a custodian of your Litecoin. When you trade for a cryptocurrency, your LTC purchases a specific number of coins via a smart contract. When you cash out, they sign their half of the transaction to receive the LTC you sent and then pay you out your gains or your losses. If the cryptocurrency you bought grew in price, Abra will cover the spread by sending you the total amount of Litecoin the cryptocurrency is worth. Here's the slightly confusing part. Abra has made it possible to trade without actually owning many of the cryptocurrencies on their platform. If you buy VTC on Abra, you're not actually buying VTC. Instead, your buying a representation of VTC.They call this a "synthetic currency" and it only exists in their platform. The unique attribute of this synthetic currency is that it follows the price of the respective coin on other exchanges. So the VTC synthetic currency will follow the aggregated price of VTC on exchanges. If VTC goes up in value, you can cash out and they will pay you the LTC you are owed. They've also created synthetic currencies for various fiat as well. This is the most interesting Continue reading >>

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