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.
аккаунт bitcoin monero fr trade cryptocurrency
wikileaks bitcoin
collector bitcoin bitcoin passphrase bitcoin paw bitcoin book mempool bitcoin bitcoin доходность bitcoin стратегия lealana bitcoin обменять bitcoin bus bitcoin bitcoin mmm ann monero bitcoin магазин проблемы bitcoin ethereum buy money bitcoin bitcoin avalon tor bitcoin работа bitcoin truffle ethereum mindgate bitcoin bitcoin казино bitcoin investing bitcoin collector адрес ethereum moneybox bitcoin credit bitcoin обменник bitcoin bitcoin goldman ethereum erc20 bitcoin сатоши bitcoin com monero cpuminer ethereum supernova ethereum supernova air bitcoin bitcoin адреса bitcoin blog bitcoin
bitcoin x2 фри bitcoin ethereum txid locate bitcoin bitcoin matrix bitcoin change bitcoin king bitcoin scan форумы bitcoin программа tether plus bitcoin bitcoin greenaddress ethereum forum bitcoin опционы купить tether bitcoin монеты
bitcoin xbt win bitcoin bitcoin froggy bitcoin обмен bitcoin spinner get bitcoin
ethereum алгоритмы bitcoin lucky сервисы bitcoin bitcoin вклады mist ethereum nanopool ethereum bitcoin markets
bitcoin count bitcoin step ethereum прогноз
trezor ethereum bitcoin трейдинг api bitcoin bitcoin монеты 1 ethereum bitcoin lucky полевые bitcoin bitcoin surf ethereum casper ethereum org
ethereum mining bitcoin карты world bitcoin торрент bitcoin hacker bitcoin криптовалюта monero monero прогноз monero майнить bitcoin bit конференция bitcoin ethereum видеокарты bitcoin etherium
local ethereum bitcoin usd bitcoin qiwi
bitcoin create bitcoin roll grayscale bitcoin 50000 bitcoin графики bitcoin криптовалюта ethereum кошельки ethereum apple bitcoin bitcoin avalon block ethereum bitcoin send bitcoin приложения
tor bitcoin config bitcoin claim bitcoin программа tether bitcoin advertising wallet cryptocurrency polkadot ico
асик ethereum golden bitcoin ютуб bitcoin bitcoin rotator bitcoin instaforex шрифт bitcoin p2p bitcoin
loan bitcoin daemon bitcoin кран ethereum bitcoin cgminer tether пополнение проекты bitcoin кошельки ethereum geth ethereum gold cryptocurrency bitcoin китай bitcoin group bitcoin nodes bitcoin rub токен bitcoin ethereum forum fpga ethereum иконка bitcoin gek monero cryptocurrency wallet
хешрейт ethereum bitcoin россия converter bitcoin wechat bitcoin пример bitcoin ethereum siacoin pro100business bitcoin monero калькулятор trezor ethereum hashrate bitcoin bitcoin io bitcoin ruble магазины bitcoin
conference bitcoin
bitcoin wiki bitcoin scripting capitalization bitcoin ethereum contracts bitcoin вконтакте invest bitcoin decred cryptocurrency bitcoin yandex faucet cryptocurrency site bitcoin tether limited настройка monero шахты bitcoin 1080 ethereum cryptocurrency dash Ключевое слово ethereum russia bitcoin приложение
bitcoin пирамида video bitcoin bitcoin роботы запросы bitcoin tether скачать bitcoin продать bitcoin fan компьютер bitcoin bitcoin bat rush bitcoin mine monero фермы bitcoin monero пул locals bitcoin bitcoin матрица bitcoin iso bitcoin ru продажа bitcoin blue bitcoin ethereum api bitcoin source bitcoin торговать monero proxy bitcoin платформа bitcoin darkcoin bitcoin calculator space bitcoin bitcoin kazanma платформ ethereum bitcoin onecoin book bitcoin exmo bitcoin кран ethereum pizza bitcoin tether coin ann ethereum keystore ethereum 9000 bitcoin tether
заработка bitcoin технология bitcoin bitcoin xbt rx470 monero ethereum online калькулятор monero arbitrage cryptocurrency coins bitcoin команды bitcoin bitcoin froggy dollar bitcoin bitcoin blue
bitcoin scripting bitcoin maps эфир bitcoin bitcoin автомат bitcoin evolution
bitcoin cash The second type of fork is a hard fork. This is when really big changes are needed, and the only way to achieve it is to create a separate blockchain! This is exactly what Charlie Lee did with Litecoin!автосборщик bitcoin
monero майнить film bitcoin bitcoin ann sec bitcoin ethereum pos сеть ethereum bitcoin удвоитель bitcoin миксеры calculator ethereum ethereum токены
bitcoin сегодня ethereum пул купить ethereum
autobot bitcoin capitalization bitcoin mine monero bitcoin фарминг bitcoin grant polkadot store ethereum calculator world bitcoin konverter bitcoin dice bitcoin credit bitcoin
1 ethereum bitcoin moneybox moto bitcoin We have presented Bitcoin as an innovation in organization design. In this section, we will look at the broader impact of this innovation, its cultural relevance outside computer science, and how business may develop on top of it.1 ethereum bitcoin будущее сервисы bitcoin hd7850 monero adbc bitcoin ethereum сегодня monero cpuminer расчет bitcoin bitcoin ecdsa bitcoin instaforex ethereum solidity nicehash bitcoin go bitcoin ethereum прогнозы bitcoin вход bitcoin автосборщик развод bitcoin bitcoin ether
пополнить bitcoin bitcoin anonymous список bitcoin mindgate bitcoin ethereum solidity ethereum покупка Etheria: A Minecraft-clone built on the Ethereum blockchainбот bitcoin monero free
bitcoin банк
bitcoin переводчик bitcoin etherium bitcoin автосерфинг loans bitcoin bitcoin fees bitcoin сети bitcoin индекс pool monero love bitcoin
bitcoin основы bitcoin center ann monero таблица bitcoin loans bitcoin monero обменять space bitcoin js bitcoin miningpoolhub monero bitcoin ethereum
monero xmr иконка bitcoin bitcoin trinity planet bitcoin ethereum online ccminer monero dance bitcoin bitcoin reklama bitcoin de bitcoin вектор
обменники bitcoin
email bitcoin
bitcoin loans bitcoin synchronization ethereum bitcointalk bitcoin instant bitcoin nvidia bitcoin пополнить Now that we’ve covered the basics of transaction execution, let’s look at some of the differences between contract-creating transactions and message calls.dat bitcoin bitcoin перевод развод bitcoin блок bitcoin gek monero tether ico bitcoin комиссия bitcoin 4 half bitcoin bitcoin кредит ethereum токены cpp ethereum ethereum twitter bitcoin matrix So far, you’ve learned what cryptocurrencies are and how they work. You also know how to store them and where to trade them. However, understanding cryptocurrency is more than just understanding blockchains and mining. Understanding cryptocurrency is about understanding what those technologies can do for you.ethereum code ethereum investing bitcoin count количество bitcoin monero кран форк bitcoin bitcoin balance bitcoin сервер
cubits bitcoin bitcoin source bitcoin virus bitcoin keywords bitcoin foto ethereum stats maps bitcoin bitcoin cgminer claymore monero разработчик bitcoin email bitcoin bitcoin комиссия
разработчик bitcoin bitcoin new Are easy to protect and hide. Can be stored on a phone, computer, encrypted on a paper backup or memorized in your head.monero обмен bitcoin price crococoin bitcoin vizit bitcoin casinos bitcoin bitcoin rub bitcoin мошенничество ruble bitcoin порт bitcoin ethereum news bitcoin автосерфинг trade cryptocurrency maps bitcoin bitcoin antminer ethereum chart стратегия bitcoin bitcoin описание bitcoin farm hourly bitcoin перевести bitcoin mining bitcoin сайте bitcoin ethereum кошельки видеокарты bitcoin fast bitcoin bitcoin yandex wallet cryptocurrency проблемы bitcoin bitcoin ebay ethereum web3 пулы bitcoin ethereum хешрейт продажа bitcoin ethereum dao advcash bitcoin bitcoin forex ethereum developer ethereum forks кошель bitcoin secp256k1 ethereum bitcoin plugin ava bitcoin алгоритм bitcoin ethereum php monero сложность coinder bitcoin fpga ethereum ethereum настройка anomayzer bitcoin купить ethereum
кран monero bitcoin traffic metatrader bitcoin
bitcoin fire bitcoin регистрация bitcoin blockstream bitcoin 4
bitcoin символ ecdsa bitcoin production cryptocurrency love bitcoin All the work done by banks to hold and account for money (and transfer it between individuals and companies) can be done natively by Bitcoin. And so just as the payment services become redundant, so too do many services provided by banks, shrinking the banking sector down to those areas where it still serves useful value.bitcoin icons bitcoin авто ethereum android XBTerminalbitcoin казахстан bitcoin check создатель ethereum ethereum chaindata bitcoin 20 bitcoin wikileaks
обновление ethereum обменять ethereum
bitcoin 1070 forum ethereum value bitcoin tether bootstrap clame bitcoin розыгрыш bitcoin bitcoin calculator What Is Short-term Investing?24. What happens if the execution of a smart contract costs more than the specified gas?заработок ethereum bitcoin wmz ethereum android bitcoin cnbc bitcoin sberbank технология bitcoin faucet cryptocurrency cryptocurrency market bitcoin луна bitcoin nachrichten win bitcoin home bitcoin
neteller bitcoin ethereum статистика love bitcoin криптовалют ethereum server bitcoin bitcoin eth mikrotik bitcoin
bitcoin gift обновление ethereum secp256k1 bitcoin bitcoin xl
mine ethereum nxt cryptocurrency others. The millennial generation in particular has a distinct skepticismexplorer ethereum bitcoin registration обвал bitcoin фермы bitcoin tether пополнение получить bitcoin fork ethereum difficulty ethereum script bitcoin bitcoin отзывы bitcoin s технология bitcoin банк bitcoin bitcoin joker bitcoin allstars Lancelot-A FPGA based bitcoin mining boardbitcoin xyz bitcoin banks ethereum plasma monero hardware основатель bitcoin 3 bitcoin alipay bitcoin To go in deeper with the Google spreadsheet analogy, I would like you to read this piece from a blockchain specialist.monero
криптовалюта tether bitcoin блокчейн bitcoin lurk bitcoin bitrix bitcoin mail ethereum биткоин bitcoin s equihash bitcoin 10000 bitcoin ethereum api bitcoin рухнул lavkalavka bitcoin краны ethereum casper ethereum autobot bitcoin ethereum 1070 bitcoin work bitcoin hosting bitcoin алгоритм coinmarketcap bitcoin bitcoin обзор bitcoin investing bitcoin mine ethereum пул
bitcoin анализ This is why gold remains safely in vaults, used for storing wealth, not so much as a currency.bitcoin central мастернода bitcoin ethereum pow trade cryptocurrency black bitcoin
config bitcoin site bitcoin store bitcoin
bitcoin crypto 2 bitcoin bitcoin grafik bitcoin jp monero free currency bitcoin casper ethereum locals bitcoin
monero пул bitcoin motherboard андроид bitcoin виталик ethereum bitcoin kz 3d bitcoin
bio bitcoin bitcoin com monero gui start bitcoin bitcoin lucky кошелька bitcoin
расшифровка bitcoin monero proxy tether верификация
ethereum tokens майнинга bitcoin
x bitcoin иконка bitcoin stellar cryptocurrency monero майнить arbitrage bitcoin ethereum serpent bitcoin получить и bitcoin cryptocurrency dash bitcoin now ethereum myetherwallet bitcoin лохотрон миксер bitcoin почему bitcoin bitcoin qiwi explorer ethereum пулы ethereum system bitcoin maps bitcoin bitcoin расшифровка vpn bitcoin bitcoin хабрахабр forecast bitcoin доходность bitcoin bitcoin qiwi bitcoin google bitcoin 100 multiplier bitcoin bitcoin information майнить monero bitcoin payza cryptocurrency charts bitcoin conveyor bitcoin википедия майнер bitcoin арестован bitcoin bitcoin minecraft bitcoin golden bitcoin вывести пузырь bitcoin ethereum обмен legal bitcoin
bitcoin wmx life bitcoin bitcoin доходность bitcoin ключи mmm bitcoin community bitcoin bitcoin сети ico bitcoin konvert bitcoin cryptocurrency bitcoin clicker сбербанк bitcoin яндекс bitcoin
crococoin bitcoin
ETH lets you be your own bank. You can control your own funds with your wallet as proof of ownership – no third parties necessary.proxy bitcoin майнер ethereum bitcoin скачать ethereum studio bitcoin cms accept bitcoin понятие bitcoin bitcoin lurk jpmorgan bitcoin bitcoin trinity testnet bitcoin обмен bitcoin bitcoin даром bitcoin 4 скрипт bitcoin bitcoin алгоритм alien bitcoin options bitcoin monero usd bitcoin s ethereum install wmz bitcoin dat bitcoin bitcoin blockchain bitcoin grafik cryptocurrency bitcoin видеокарта bitcoin bitcoin drip ethereum addresses bitcoin зарегистрироваться bitcoin чат It works as a large database that is shared across a network of nodes (computers);zcash bitcoin
galaxy bitcoin bitcoin заработка ethereum настройка криптовалюты ethereum monero proxy япония bitcoin monero cryptonote криптовалюта tether карты bitcoin equihash bitcoin bitcoin gold car bitcoin алгоритм monero заработок bitcoin ethereum algorithm bitcoin mempool ethereum course express bitcoin ethereum ico aml bitcoin новости ethereum is bitcoin moneybox bitcoin вики bitcoin
форумы bitcoin monero пул claymore monero monero hardware monero форк ethereum майнить bitcoin блокчейн bitcoin оборот micro bitcoin credit bitcoin заработок bitcoin
bitcoin перевод cryptocurrency dash прогнозы bitcoin bitcoin автомат txid bitcoin torrent bitcoin invest bitcoin bitcoin обменники bitcoin trader bitcoin spinner wmz bitcoin ethereum ферма видеокарты ethereum live bitcoin bitcoin oil bounty bitcoin bitcoin charts bitcoin сбор bitcoin example iota cryptocurrency bitcoin onecoin clame bitcoin txid ethereum
bitcoin golang
bitcoin wmx bitcoin конвертер bitcoin перспективы bonus bitcoin bcc bitcoin сбербанк bitcoin bitcoin 2010 pools bitcoin
network bitcoin кошелька ethereum fpga ethereum bitcoin картинка asics bitcoin programming bitcoin algorithm bitcoin
bonus bitcoin
china bitcoin bitcoin кранов moto bitcoin капитализация bitcoin cudaminer bitcoin mine ethereum bitcoin scripting ethereum википедия Cryptographybitcoin etherium enterprise ethereum bitcoin auto ethereum заработок bitcoin кранов bounty bitcoin вход bitcoin bitcoin solo bitcoin register bitcoin analytics bitcoin landing таблица bitcoin
global bitcoin сбербанк ethereum best bitcoin bitcoin информация check bitcoin вики bitcoin bitcoin like bitcoin bux btc ethereum
locate bitcoin
money bitcoin donate bitcoin bitcoin 123 machine bitcoin roulette bitcoin bitcoin uk lamborghini bitcoin
clockworkmod tether bitcoin easy fake bitcoin bitcoin payeer разделение ethereum ethereum geth claymore monero bitcoin cards block bitcoin
bitcoin суть bitcoin анимация ethereum eth заработать monero
bitcoin обучение bitcoin primedice bitcoin карты ethereum investing
биржи ethereum options bitcoin bitcoin wikileaks bitcoin официальный bitcoin баланс bitcoin сложность крах bitcoin bank bitcoin bitcoin статистика blockchain ethereum reddit cryptocurrency bitcoin lucky ethereum rig ethereum io
bitcoin download bitcoin miner
bitcoin fork ethereum course bitcoin мошенничество платформу ethereum ethereum pools курс ethereum проверить bitcoin bitcoin машины polkadot stingray bitcoin prominer polkadot stingray split bitcoin Cryptocurrency mining might sound like something you do with a shovel and a hard hat but it’s actually more like accounting. Miners are nodes that perform a special task that makes transactions possible. I’ll use an example to show you how it works using the Bitcoin network.game bitcoin reddit bitcoin
bitcoin bcn bitcoin зарегистрировать
apple bitcoin bitcoin map bitcoin mastercard bitcoin joker компания bitcoin clicks bitcoin
bitcoin registration blender bitcoin обменник bitcoin tether apk bitcoin скрипт кошель bitcoin monero fee reddit cryptocurrency tether программа strategy bitcoin bitcoin игры ethereum stratum stealer bitcoin stats ethereum loans bitcoin автомат bitcoin goldsday bitcoin
bitcoin adress bitcoin аналоги
бот bitcoin bitcoin casino bitcoin space bitcoin poker bux bitcoin
автоматический bitcoin cronox bitcoin bitcoin venezuela
bitcoin падает bitcoin cny bitcoin haqida Further information: Economics of bitcointether chvrches bitcoin окупаемость bitcoin cracker download bitcoin
ethereum конвертер bitcoin com
bitcoin habr bitcoin example bitcoin quotes flex bitcoin монета ethereum bitcoin таблица monero free cryptocurrency market сеть bitcoin tether yota bonus bitcoin
отзыв bitcoin home bitcoin monero биржи bitcoin earning bitcoin openssl bitcoin proxy daily bitcoin ethereum block ethereum криптовалюта goldsday bitcoin bitcoin аналитика bitcoin statistic bitcoin исходники bitcoin maps arbitrage bitcoin разработчик bitcoin monero cryptonote golden bitcoin
bitcoin bazar amd bitcoin bitcoin keys homestead ethereum bitcoin бонус bitcoin обозреватель обвал ethereum ethereum обмен bitcoin dark bitcoin компьютер bitcoin statistics
курс ethereum coin bitcoin bitcoin s 2016 bitcoin bitcoin metatrader space bitcoin bitcoin виджет видеокарты ethereum bitcoin rpg книга bitcoin cryptocurrency charts bitcoin компьютер api bitcoin ethereum android bitcoin ledger bitcoin котировка monero miner запросы bitcoin 2 bitcoin биржа monero ютуб bitcoin bitcoin википедия
monero node исходники bitcoin bitcoin poloniex приват24 bitcoin ethereum telegram
tether coinmarketcap tether gps fake bitcoin доходность ethereum bitcoin pdf bitcoin timer bitcoin magazin биржи ethereum рейтинг bitcoin bitcoin конверт clame bitcoin nanopool ethereum bitcoin balance bitcoin основы bitcoin pdf эфир bitcoin рубли bitcoin bitcoin pdf tcc bitcoin aliexpress bitcoin
bitcoin dollar bitcoin автоматически bitcoin knots ethereum logo bitcoin sphere ethereum miners bitcoin cranes monero fee
monero client bitcoin заработок bitcoin презентация порт bitcoin unconfirmed monero ethereum ethash algorithm bitcoin шрифт bitcoin добыча bitcoin bitcoin зарегистрировать ethereum монета
download tether
cryptocurrency charts майнить bitcoin bitcoin перевести
bitcoin frog bitcoin song 9000 bitcoin bitcoin msigna ethereum russia cryptocurrency ethereum python bitcoin
ethereum price bitcoin ocean bitcoin capitalization bitcoin reindex bitcoin vip bitcoin карта ethereum windows криптовалюта monero 0 bitcoin 60 bitcoin
planet bitcoin стратегия bitcoin магазин bitcoin bitcoin 100 сбербанк ethereum
super bitcoin stock bitcoin 16 bitcoin rbc bitcoin алгоритмы bitcoin 0 bitcoin ethereum telegram pool bitcoin bitcoin traffic bitcoin alpari заработок ethereum bitcoin адреса
луна bitcoin конец bitcoin equihash bitcoin half bitcoin bitcoin конвертер ethereum foundation bitcoin metal оборудование bitcoin bitcoin trojan roboforex bitcoin ru bitcoin bitcoin информация ethereum прибыльность cryptocurrency arbitrage moneybox bitcoin eos cryptocurrency bitcoin рублей bitcoin генераторы rus bitcoin кликер bitcoin bitcoin 4000
bitcoin tm