Litecoin was a fork of the Bitcoin Core client, with a few slight differences. Since its inception in the crypto market, Litecoin kept on growing and, during November 2013, its aggregate value increased considerably, and experienced a 100% leap within 24 hours. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Monero, another relevant altcoin, has been gaining a lot of attention, but it also happens to present some of the same issues of Bitcoin, because there are some concerns about Monero’s privacy and anonymity.

Get the best viral stories straight into your inbox! People use it for standard blockchain-related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money. The last reason … For starters, it is evident that Litecoin’s transaction times are way faster than those of Bitcoin, which usually take an average of 10 minutes to complete an operation. [ad_1] The Litecoin network invites users who want fast, quick solutions involving cryptocurrency and the blockchain technology, and since they are popular right now, they won’t want to miss out on the revolution. A member of the BTC Foundation and co-founder of Civic is optimistic that $1 million for 1 BTC is a dystopian price forecast for the near future. With that development, Litecoin lost one of the values that made it different. Both of them share the same codebase, are deflationary and use proof of work mining, for example. Litecoin Predictions: What Could Litecoin Be Worth In 10 years? The system allows the creation and transfer of tokens, based on an open source cryptographic protocol. Taking a Risk and Riding it Out A popular digital currency maniac and venture capital billionaire, Tim Draper keeps his previous prediction that the crypto will cost almost a quarter of a million dollars by the year 2022.
Since Litecoin is a fork of Bitcoin, or a new version of you prefer the term, it implies that there will be few, if any, new and innovative ideas, which is something that altcoins have to offer. 1 LTC will be able to buy you a house! Speaking of which, experts from various circles pointed out that Litecoin, currently traded at approximately $130, has the foundations to reach new heights in 2018. Interestingly, Bitcoin has been heavily correlated with the S&P 500 in 2020, so its future could very much depend on the stock market. It is considerably faster than Bitcoin, completing transactions in an average of 2.5 minutes, compared to the 10 minutes it takes to perform a similar operation in the latter. If you invested $1,000 in bitcoin 5 years ago, here's how much you'd have now Published Thu, Oct 25 2018 10:24 AM EDT Updated Thu, Oct 25 2018 11:10 PM …

For reference, altcoins are all the distinct cryptocurrencies from Bitcoin, the industry’s leader since 2009, and Litecoin may the best, most secure, and the one with the most untapped potential. Bitcoin is probably the best form of money to have graced the surface of the earth. Earlier this year, Back said "hyperbitcoinization" and "Modern Monetary Theory rationale for high inflation" could, in theory, mean bitcoin is one day worth $10 million. The average block time is 2.5 minutes.

We don’t want you to get confused, so you should understand what exactly a fork is. Litecoin saw the daylight on GitHub in October of 2011 as a Bitcoin fork: it was released in that month via an open source client by Charlie Lee, who used to work in Google. Abbreviated LTC, or Ł, Litecoin can be defined as a peer-to-peer cryptocurrency and open source software project. Related. There is a block reward of 25 LTC, approximately until 2019, halved roughly every four years. "I do not even know how I ended up here, but I thought this post was good. If you invested $1,000 in bitcoin 8 years ago, here’s how much you’d have now. It is considerably less volatile during market crashes or corrections than some of its peers. Monero, another relevant altcoin, has been gaining a lot of attention, but it also happens to present some of the same issues of Bitcoin, because there are some concerns about Monero’s privacy and anonymity. As a result of that phenomenon, people prefer alternatives such as Litecoin than those that require more thoughtful research. Lee is still hungry for achievements and success, and he tends to aim high: Pundits always say that, by being a fork of Bitcoin, the two cryptocurrencies share numerous similarities, and the statement may be true to some extent. Could it be possible that Litecoin, continuing with a recent trend, keeps growing and tops the projections set for this year? You can see by the chart that the return of investment rate of bitcoin is a staggering 9,150,088%, which is 2,899 times the amount of Amazon's return on investment rate. Almost a decade ago, the value of a single bitcoin was worth around a quarter-of-a-cent or .0025.

People use it for standard blockchain-related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money. Since its inception in the crypto market, Litecoin kept on growing and, during November 2013, its aggregate value increased considerably, and experienced a 100% leap within 24 hours. However, in the last calendar year, some competing currencies have also begun to show more prominence in this type of web. It works smoothly, is fast, and while it does not offer full privacy or anonymity (which are maybe the top two requisites of completing transactions in this type of networks,), it is starting to gain steam. Litecoin market will be somewhat damaged until Bitcoin’s scaling problem is solved. After a few years of consolidation among the top ten cryptocurrencies and transaction networks, Litecoin seems primed to break out and reach genuinely elite status, but there is work to be done and growth to be attained. It may be some time if it happens at all before Litecoin reaches the prominence and sustainability that Bitcoin showcases every year. Artists, entrepreneurs, businessmen, doctors, and even athletes are talking about it! We can safely say that any positive developments in the Bitcoin community directly benefits Litecoin, not only because it trickles down to Litecoin and other cryptocurrencies, but also because the added traffic within the Bitcoin network drives up transaction fees and clogs the system, causing migration towards the Litecoin project. Chinese people are fond of it, which is an excellent marketing development since it represents the most significant pool of potential users. Being in the public eye will cause this alternative to be among the preferred options in the crypto universe. i find that funny :). Litecoin’s PRICE now is $56.

It works smoothly, is fast, and while it does not offer full privacy or anonymity (which are maybe the top two requisites of completing transactions in this type of networks,), it is starting to gain steam. There is a block reward of 25 LTC, approximately until 2019, halved roughly every four years.

Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining. The dark internet has been incredibly beneficial for different cryptocurrencies. Litecoin, also to provide the best environment for quick and secure transactions, also offers a cheap option. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser.

The average block time is 2.5 minutes. Thanks for this post, I am a big fan of this internet site would like to go on updated. Website. 0. The dark internet has been incredibly beneficial for different cryptocurrencies. Also, in May, it served as the host platform that allowed completion of the initial Lightning Network transaction, with 00000001 LTC going from Zürich to San Francisco in less than one second. With Bitcoin slowly disappearing from the dark internet, the battle for its market share seems to be between Dash, Monero, and Litecoin, with the latter with a firm hold of the pole position. Litecoin saw the daylight on GitHub in October of 2011 as a Bitcoin fork: it was released in that month via an open source client by Charlie Lee, who used to work in Google.

Bitcoin’s a better currency. Required fields are marked *. Lee is still hungry for achievements and success, and he tends to aim high: Pundits always say that, by being a fork of Bitcoin, the two cryptocurrencies share numerous similarities, and the statement may be true to some extent. By using our Services or clicking I agree, you agree to our use of cookies.
In a relatively short time, Litecoin should become the preferred cryptocurrency of all users of the Dark Web. According to

People continually talk about Litecoin and its primary competitors, Bitcoin, Dash, Ripple, Monero, and Ethereum. Also, there is a substantial influx of users on Coinbase, which is a cryptocurrency brokerage that is trending right now. Additionally, people are starting to come around Litecoin: they are beginning to understand that, in some ways, it is similar to Bitcoin, but is also faster and involves significantly cheaper transaction fees, just to name an example. Artists, entrepreneurs, businessmen, doctors, and even athletes are talking about it! Invest $100 now and retire in 10 years! XRP/USD bulls need to …, Currency Journals. Also, in May, it served as the host platform that allowed completion of the initial Lightning Network transaction, with 00000001 LTC going from Zürich to San Francisco in less than one second.

In that matter, it is an improved Bitcoin version, which is logical since it was a fork of it. The presence of the Lightning Network, a platform that fosters and promotes faster transactions. The last reason presaging future success for Litecoin is the media attention that it has begun to get recently. Litecoin cemented its spot as one of the preferred altcoin options for investors and traders around the world, reaching a $1 billion market capitalization in November 2013.