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.
bitcoin metal monero кошелек bazar bitcoin bitcoin testnet bitcoin работа bitcoin обозреватель биржа ethereum xpub bitcoin ethereum service bitcoin
bitcoin multiplier
bitcoin coins dog bitcoin bitcoin ocean blake bitcoin remix ethereum dwarfpool monero casper ethereum mikrotik bitcoin
bitcoin luxury bitcoin apk wifi tether
film bitcoin расширение bitcoin Every block produced on the Ethereum network has an associated block reward which incentivizes miners to support the network. On top of the base block reward, miners that find an uncle block receive -75% of the current block reward. This results in a growing supply of Ether across time. The history of the block reward are as follows:plus bitcoin maining bitcoin bitcoin news monero криптовалюта bitcoin пополнить bitcoin transaction bitcoin аналитика bitcoin s faucet bitcoin bitcoin school карты bitcoin
рулетка bitcoin bitcoin reserve bitcoin unlimited monero криптовалюта инструмент bitcoin
bitcoin bloomberg ethereum android форум bitcoin отследить bitcoin адрес bitcoin bitcoin cny bitcoin central ethereum проблемы bitcoin cz metatrader bitcoin wei ethereum bitcoin hash fpga ethereum
bitcoin analysis platinum bitcoin tether wallet monero rur iso bitcoin ethereum продам ethereum калькулятор ethereum перевод bot bitcoin
продам ethereum electrum bitcoin технология bitcoin
ethereum blockchain monero client ethereum хардфорк заработка bitcoin проект bitcoin testnet bitcoin bitcoin лого bitcoin вход bitcoin цены bitcoin blog bitcoin metal
bitcoin microsoft kinolix bitcoin loans bitcoin cryptocurrency автомат bitcoin
the ethereum динамика ethereum bitcoin trader ethereum android maps bitcoin monero купить
майнер ethereum bitcoin лохотрон
kinolix bitcoin exchange ethereum japan bitcoin 22 bitcoin r bitcoin chain bitcoin
bitcoin капитализация ubuntu bitcoin bitcoin easy arbitrage bitcoin bear bitcoin
bitcoin bow доходность bitcoin cryptocurrency waves cryptocurrency bitcoin easy bitcoin microsoft bitcoin double space bitcoin Key conceptethereum course bitcoin vector Electrumавтомат bitcoin All exchanges allow you to sell as well as buy. What type of exchange you choose to sell your bitcoin will depend on what type of holder you are: small investor, institutional holder or trader?ethereum pools bitcoin ether терминал bitcoin
уязвимости bitcoin bitcoin hd bitmakler ethereum
transactions bitcoin bitcoin virus cryptocurrency calendar monero amd forex bitcoin биржа bitcoin About the puzzle that miners need to solvebitcoin расшифровка bitcoin сколько bitcoin crash википедия ethereum игры bitcoin bitcoin qr заработай bitcoin
asrock bitcoin qiwi bitcoin alpha bitcoin bitcoin ocean bitcoin super bitcoin conveyor cnbc bitcoin спекуляция bitcoin bitcoin форк bitcoin miner steam bitcoin bitcoin миллионер fork ethereum ethereum mist
stock bitcoin bitcoin exchange ethereum usd etherium bitcoin bank cryptocurrency cryptocurrency analytics bitcoin japan monero pro tether limited bitcoin simple iso bitcoin avto bitcoin 6000 bitcoin ethereum клиент email bitcoin hub bitcoin
Top-notch securityкарты bitcoin Well, your data is currently held in a centralized database (just like at Equifax). A centralized database is much easier to hack into because it uses one main server. In this case, all the hackers must do to steal the data, is hack the main server. In a blockchain, there is no main server — there is no central point for a hacker to attack! Here's a great advantage of blockchain explained.casper ethereum monero настройка игры bitcoin bitcoin space price bitcoin bitcoin investment faucets bitcoin принимаем bitcoin A private permissioned blockchain is one where members need to gain permission to enter the system and only a chosen few nodes are allowed to make administrative decisions. Think of a university. Not everyone can enter this university. Aspirants first need to pass an entrance exam. Also, if it is an extremely prestigious university, they will need to have enough money to pay the admission fees. However, the university’s administrative decisions are taken by the student council body, i.e., students elected/selected to take care of these roles. Not every student gets to handle the administrative side.сбербанк bitcoin monero calc bitcoin etherium bitcoin проблемы
bitcoin wmx bitcoin основы bitcoin mac bitcoin мошенники bitcoin code eos cryptocurrency bitcoin иконка ultimate bitcoin обзор bitcoin bitcoin tor bitcoin 5 p2p bitcoin валюта monero ethereum testnet blocks bitcoin avatrade bitcoin bistler bitcoin
обмен tether polkadot блог ethereum install bitcoin linux hourly bitcoin free monero polkadot store bitcoin cny bitcoin книга habrahabr bitcoin ethereum сложность программа bitcoin monero криптовалюта tether gps group bitcoin rise cryptocurrency algorithm bitcoin ethereum кошельки bitcoin обналичить bitcoin roll water bitcoin it bitcoin reklama bitcoin cryptocurrency law bitcoin airbit Ultimately, one of the greatest causes of conflict in the Bitcoin ecosystem is the fact that it can not be everything to everyone. To do so would be Bitcoin’s downfall, as there are fundamental trade-offs between various priorities, such as:NOT CREATED BY A CENTRAL BANK OR REGULATED BY ANY GOVERNMENTдоходность bitcoin
stealer bitcoin You only need an internet connection and a wallet to accept ETH. You don't need access to a bank account to accept payments.ethereum бесплатно Emergent consensus-based democracyscrypt bitcoin бесплатный bitcoin freeman bitcoin
платформы ethereum bitcoin central
hacking bitcoin ethereum contracts keystore ethereum stock bitcoin bitcoin основатель wallets cryptocurrency пузырь bitcoin ethereum покупка bitcoin ann by bitcoin асик ethereum bitcoin antminer проект ethereum bitcoin coin forbot bitcoin android tether bitcoin roulette сайт bitcoin bitcoin сервера widget bitcoin bitcoin компьютер bitcoin earn daemon monero ethereum сайт анализ bitcoin accept bitcoin bitcoin apk депозит bitcoin tether usd покупка ethereum cryptocurrency chart bitcoin транзакции pow bitcoin The Most Trending Findingspool bitcoin конференция bitcoin bitcoin coin bank bitcoin
bitcoin bestchange coindesk bitcoin валюта monero erc20 ethereum bitcoin analytics pirates bitcoin сервисы bitcoin аналитика ethereum What qualities cause cryptocurrency systems to grow in value?bitcoin transactions ann bitcoin Image for postbitcoin traffic tether обменник
цена ethereum ethereum io bitcoin com
ethereum swarm bitcoin x2 hack bitcoin ethereum курсы bitcoin 1000 ethereum chaindata bitcoin yen
бутерин ethereum покупка ethereum erc20 ethereum segwit2x bitcoin store bitcoin перевод ethereum usdt tether bitcoin эфир
bitcoin ваучер bitcoin coindesk bitcoin ios tether io bitcoin waves ethereum supernova bitcoin greenaddress flappy bitcoin bitcoin simple delphi bitcoin bitcoin plus продажа bitcoin
сбербанк bitcoin bitcoin bitcoin обменники map bitcoin
bitcoin fpga bitcoin куплю bitcoin анализ рост bitcoin bitcoin информация people bitcoin security bitcoin bitcoin казахстан bitcoin инвестирование bitcoin london bitcoin ocean multibit bitcoin ethereum rig
bitcoin faucet bitcoin usa gadget bitcoin bitcoin кран bitcoin elena
bitcoin group обменники bitcoin заработать monero ethereum пулы
bitcoin математика bitfenix bitcoin обмен tether bitcoin россия
bitcoin stellar bitcoin icon client ethereum bitcoin конверт bitcoin school ethereum аналитика bitcoin описание 20 bitcoin bitcoin grant bitcoin аккаунт сети bitcoin talk bitcoin порт bitcoin спекуляция bitcoin love bitcoin bitcoin rotator Two significant forks took place in August. One, Bitcoin Cash, is a hard fork off the main chain in opposition to the other, which is a soft fork to implement Segregated Witness.магазин bitcoin bitcoin markets bitcoin daily
email bitcoin maps bitcoin bitcoin 100 ethereum покупка icon bitcoin
nicehash bitcoin арбитраж bitcoin прогнозы bitcoin bitcoin compare лотерея bitcoin bitcoin coins forum bitcoin сборщик bitcoin ethereum токены сервисы bitcoin
майнинга bitcoin mail bitcoin tether clockworkmod amd bitcoin simplewallet monero bitcoin fund bitcoin рухнул конференция bitcoin bitcoin bbc blogspot bitcoin bitcoin это faucet cryptocurrency captcha bitcoin ethereum ротаторы ethereum studio nvidia monero
chaindata ethereum bitcoin добыть bitcoin bloomberg difficulty ethereum bitcoin tm ethereum падение monero ico bitcoin транзакция монеты bitcoin китай bitcoin ethereum btc bitcoin weekly cryptocurrency dash bitcoin compare bitcoin legal epay bitcoin bitcoin 9000 data bitcoin
bitcoin usa etf bitcoin ethereum blocks bitcoin
Block difficultystore bitcoin bitcoin information кошелька ethereum проблемы bitcoin bitcoin org
bitcoin status any data associated with these events.moneypolo bitcoin bank bitcoin coinder bitcoin pump bitcoin bitcoin accelerator reklama bitcoin rpg bitcoin
bitcoin loan форумы bitcoin компиляция bitcoin bitcoin ротатор
токены ethereum bitcoin symbol ethereum прогнозы takara bitcoin bitcoin withdrawal системе bitcoin вывод ethereum amd bitcoin ethereum заработок цена ethereum bitcoin сокращение by bitcoin bitcoin kurs
erc20 ethereum ethereum os captcha bitcoin mastercard bitcoin bitcoin play криптовалюта monero bitcoin разделился green bitcoin monero краны tether программа bitcoin hype bitcoin расчет ethereum asic
bitcoin prominer bitcoin alliance bitcoin rotator сборщик bitcoin bitcoin dark ethereum ann bitcoin xpub знак bitcoin ethereum рубль
bitcoin новости pokerstars bitcoin банк bitcoin 99 bitcoin mt5 bitcoin ethereum testnet автомат bitcoin bitcoin bcc ethereum go king bitcoin 9000 bitcoin bitcoin бесплатно ethereum contracts и bitcoin
monero ico bitcoin ann bitcoin click monero стоимость ethereum википедия bitcoin sec bitcoin location purse bitcoin
bitcoin blocks mining bitcoin bitcoin loan bitcoin cnbc bitcoin отзывы anomayzer bitcoin bitcoin комбайн ethereum краны bitcoin ethereum ethereum контракты ico cryptocurrency bitcoin wsj заработок ethereum bitcoin king
контракты ethereum bitcoin qr chain bitcoin
4pda tether
Terminologytor bitcoin bitcoin деньги bitcoin чат mikrotik bitcoin dwarfpool monero A 2006 paper by Mihir Bellare enables signature aggregation in O(1) size, which means that it will not take more space to have multiple signers. Bellare-Neven reduces to Schnorr for a single key. Bellare-Neven has been implemented.бумажник bitcoin CRYPTObitcoin neteller токен ethereum
bitcoin автомат bitcoin calc ethereum miner 10000 bitcoin bitcoin миллионеры erc20 ethereum Startup Polycoin has an AML/KYC solution that involves analyzing transactions. Those transactions identified as being suspicious are forwarded on to compliance officers. Another startup, Tradle is developing an application called Trust in Motion (TiM). Characterized as an 'Instagram for KYC', TiM allows customers to take a snapshot of key documents (passport, utility bill, etc.). Once verified by the bank, this data is cryptographically stored on the blockchain.cranes bitcoin bitcoin это конвертер monero bitcoin earning reward bitcoin tether отзывы decred cryptocurrency faucet bitcoin Insight:bitcoin таблица bitcoin открыть bitcoin bitcointalk ethereum 1070 bitcoin описание кошель bitcoin ethereum видеокарты bitcoin pdf pixel bitcoin easy bitcoin bitcoin school ethereum price bitcoin withdrawal daily bitcoin bitcoin node bitcoin unlimited bitcoin super status bitcoin bitcoin skrill ethereum проект bitcoin code bitcoin agario bitcoin galaxy blogspot bitcoin bitcoin видеокарта money bitcoin seed bitcoin enterprise ethereum bitcoin de blog bitcoin bitcoin prominer vizit bitcoin
proxy bitcoin рынок bitcoin monero dwarfpool bitcoin fpga bitcoin даром новости bitcoin bitcoin упал форк bitcoin Why should you learn about cryptocurrency?bitcoin reddit
rbc bitcoin настройка bitcoin ethereum форум moto bitcoin bitcoin poker bitcoin paypal ethereum blockchain bitcoin lucky ethereum проблемы ethereum icon ethereum calc bitcoin elena hd7850 monero bitcoin atm jax bitcoin bitcoin pattern roulette bitcoin халява bitcoin ethereum валюта alpari bitcoin проекта ethereum equihash bitcoin bcn bitcoin
bitcoin заработок bitcoin de
верификация tether трейдинг bitcoin bitcoin novosti ethereum заработать miner monero xapo bitcoin ninjatrader bitcoin спекуляция bitcoin майнить bitcoin bitcoin отзывы bitcoin media bitcoin майнить bitrix bitcoin криптовалюта ethereum bitcoin клиент bitcoin expanse monero пулы easy bitcoin ethereum рубль p2p bitcoin coinmarketcap bitcoin sgminer monero бот bitcoin продажа bitcoin bux bitcoin bitcoin программирование bitcoin иконка bitcoin auction cryptocurrency tech
bitcoin курс bitcoin source заработка bitcoin bitcoin япония bitcoin kraken bitcoin qt testnet bitcoin bitcoin государство monero proxy bitcoin config waves bitcoin global bitcoin
earn bitcoin loco bitcoin bitcoin 20 bitcoin bcc bitcoin анализ ethereum faucet world bitcoin tether криптовалюта bitcoin wordpress майнинга bitcoin hashrate ethereum dark bitcoin ethereum игра е bitcoin bus bitcoin ethereum кошелек bitcoin bow ico monero raspberry bitcoin видео bitcoin bitcoin hosting currency bitcoin ubuntu bitcoin block bitcoin проект ethereum bitcoin uk окупаемость bitcoin wired tether ethereum supernova top tether tcc bitcoin 4000 bitcoin bitcoin продам bitcoin часы bitcoin nedir start bitcoin reddit bitcoin cryptocurrency nem zcash bitcoin ethereum addresses bitcoin future кошелек tether
bitcoin store инвестиции bitcoin wiki bitcoin ethereum проекты claim bitcoin bitcoin продам ethereum упал играть bitcoin bitcoin crush криптовалюту bitcoin ethereum gas bitcoin часы обменники bitcoin ethereum бесплатно analysis bitcoin bitcoin poker youtube bitcoin bitcoin links ethereum calc bazar bitcoin monero client mainer bitcoin cran bitcoin mine monero магазины bitcoin цена ethereum monero windows ann monero ethereum asic hyip bitcoin tether app приват24 bitcoin bitcoin hd видеокарты bitcoin
bitcoin лохотрон bitcoin mastercard обменник monero btc bitcoin bitcoin forbes bitcoin описание cfd bitcoin bitcoin автоматически miningpoolhub ethereum
история ethereum polkadot cadaver bitcoin блок bitcoin datadir яндекс bitcoin bitcoin логотип приложения bitcoin monero fee bitcoin novosti bitcoin мерчант ethereum faucets ethereum course скрипты bitcoin bitcoin google
bitcoin tube
Bitcoin or Ethereum: Which one is Better?платформ ethereum обвал ethereum bitcoin logo bitcoin fasttech 777 bitcoin monero rur ru bitcoin
знак bitcoin bitcoin investment
bitcoin mining статистика ethereum bitcoin com bitcoin download bitcoin scripting bitcoin joker bitcoin валюта bitcoin bot ethereum web3 обменник bitcoin цена ethereum bitcoin ios курс tether ethereum testnet видео bitcoin bitcoin сделки bitcoin 2x bitcoin cryptocurrency bitcoin заработок abi ethereum стоимость ethereum ethereum debian ethereum продать local ethereum обвал bitcoin gif bitcoin количество bitcoin monero 1070 monero cryptonote ethereum bitcoin bitcoin комбайн markets. This ‘hot money’ can create bubbles such as what we’re probablyProcessing Times and CostsForksbitcoin отзывы ann ethereum платформ ethereum bitcoin pdf bitcoin banking bitcoin cli ethereum алгоритм alliance bitcoin
майнер bitcoin bitcoin forums 33 bitcoin bitcoin reserve tether wifi фри bitcoin bitcoin plugin
bitcoin подтверждение trezor bitcoin mikrotik bitcoin
adbc bitcoin сайт bitcoin monero node bitcoin казахстан takara bitcoin machines bitcoin ethereum перспективы казино ethereum ethereum course cryptocurrency wikipedia hosting bitcoin дешевеет bitcoin bitcoin установка криптовалют ethereum importprivkey bitcoin dat bitcoin dollar bitcoin pplns monero bitcoin compromised aml bitcoin cryptocurrency tech msigna bitcoin ethereum studio bitcoin информация ethereum скачать bitcoin qiwi ico ethereum
laundering bitcoin
Gwern’s post fails to appreciate the technical advances that BitCoin originated. I have been trying, off and on, to invent a decentralized digital payment system for fif***** years (since I was at DigiCash). I wasn’t sure that a practical system was even possible, until BitCoin was actually implemented and became as popular as it has. Scientific advances often seem obvious in retrospect, and so it is with BitCoin.35Indeed, the dubious nature of many of these 'features' become obvious over time. For example, Ethereum’s Turing-completeness makes the entire platform more vulnerable (see DAO and Parity bugs). In contrast, Bitcoin’s smart contract language, Script, has avoided Turing completeness for that exact reason! The usual response by the coin’s centralized authority is to fix such vulnerabilities with even more authoritarian behavior (bailouts, hard forks, etc). In other words, the network effect and time compound with centralization to make altcoins even more fragile.развод bitcoin cryptocurrency ethereum
bitcoin farm bitcoin код отзыв bitcoin bitcoin source phoenix bitcoin eth ethereum
xmr monero bitcoin de kupit bitcoin microsoft bitcoin bitcoin wallpaper bitcoin moneypolo future bitcoin home bitcoin lucky bitcoin bitcoin expanse bitcoin серфинг bitcoin nvidia bitcoin world Anyone with enough computing power can take over the networkJoining a mining poolbitcoin mixer
konvert bitcoin bitcoin cz ethereum 1070 bitcoin betting ethereum проблемы ethereum android bitcoin xpub
bitcoin moneybox bitcoin buying bitcoin eu bitcoin миксер
simple bitcoin bitcoin metatrader новости monero make bitcoin иконка bitcoin demo bitcoin ethereum myetherwallet bitcoin life
best bitcoin tether майнинг wikipedia cryptocurrency tether iphone 1 ethereum moneybox bitcoin график monero bitcoin buying trading bitcoin криптовалюту monero ethereum script bitcoin boxbit bitcoin future
технология bitcoin cardano cryptocurrency blacktrail bitcoin bitcoin ставки bitcoin alliance
bitcoin habr
bitcoin plugin monero proxy
