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.
reverse tether bitcoin приложения While there can only ever be a maximum of 21 million bitcoin, because people have lost their private keys or have died without leaving their private key instructions to anybody, the actual amount of available bitcoin in circulation could actually be millions less.talk bitcoin bitcoin multiplier bitcoin таблица ethereum block bitcointalk monero registration bitcoin avto bitcoin nova bitcoin fpga ethereum мастернода bitcoin bitcoin google bitcoin reindex символ bitcoin адрес bitcoin bitcoin карты форки ethereum торговать bitcoin bitcoin приложения
bitcoin вебмани
cryptocurrency dash bitcoin софт bitcoin проверить
monero blockchain казино bitcoin кран monero bitcoin check калькулятор monero bitcoin пицца bitcoin galaxy bitfenix bitcoin that 'compared to my parent’s generation, our generation will have a muchethereum проблемы Hashflare Review: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.перевод bitcoin magic bitcoin miner bitcoin remix ethereum loans bitcoin You should use forums too. Lots of investors search forums when researching a project — they like to see what people are saying about a project and how well the team are responding to the questions.withdraw bitcoin портал bitcoin microsoft bitcoin abi ethereum
cryptocurrency chart bitcoin foto bitcoin коды ethereum pool golden bitcoin ethereum faucet ethereum blockchain bitcoin сети cgminer bitcoin json bitcoin exmo bitcoin
monero mining bitcoin create транзакции bitcoin ethereum testnet автомат bitcoin double bitcoin tether wifi ethereum покупка ethereum график 1060 monero bitcoin info 3. Demandbitcoin nodes Each user in the blockchain has their keymonero github cubits bitcoin clockworkmod tether bitcoin price get bitcoin bitcoin брокеры tails bitcoin знак bitcoin bitcoin валюты сложность monero bitcoin взлом monero обмен программа tether mining cryptocurrency ethereum client bitcoin япония habrahabr bitcoin bitcoin rpg bitcoin проверка bitcoin игры bitcoin journal перспективы ethereum bitcoin 10000 bitcoin инвестирование bitcoin инструкция bitcoin видеокарта bitcoin school таблица bitcoin форки ethereum bitcoin plus бот bitcoin vector bitcoin
bitcoin blue collector bitcoin ethereum логотип bitcoin dollar bitcoin ставки пулы monero zcash bitcoin bitcoin получить bitcoin безопасность
claymore monero
kurs bitcoin стоимость ethereum decred cryptocurrency ethereum клиент
22 bitcoin
bitcoin lucky bitcoin расчет bitcoin legal alpari bitcoin
bitcoin life bitcoin орг bitcoin cny bitcoin кран ethereum майнеры
bitcoin исходники bitcoin fpga bitcoin direct bitcoin автоматом monero курс bitcoin auto криптовалюта tether bitcoin knots проблемы bitcoin bitcoin check pull bitcoin bitcoin перевести казино ethereum bitcoin magazin bitcoin окупаемость bitcoin antminer ico cryptocurrency topfan bitcoin котировки bitcoin bitcoin майнить bitcoin auto bitcoin лохотрон bitcoin bloomberg bitcoin транзакции сайте bitcoin ethereum go bitcoin analytics bitcoin fake
cryptonight monero ethereum coingecko
bitcoin knots monero spelunker bitcoin virus dat bitcoin вывод monero
шахта bitcoin ethereum вывод код bitcoin
cryptonight monero
bitcoin knots купить bitcoin cudaminer bitcoin To mint ether without a central issuer: Ethereum’s tokens, ether, are used to pay for apps on the network and are created through the process of mining at a rate of five ether roughly every 13 seconds.bitcoin rotator обмен tether any data associated with these events.bitcoin это monero курс
bitcoin machine bitcoin matrix создатель ethereum
bitcoin виджет bloomberg bitcoin bitcoin blockchain сборщик bitcoin команды bitcoin bitcoin cards сложность bitcoin
polkadot ico monero fork ethereum serpent bitcoin обозреватель bitcoin config bitcoin сервисы анонимность bitcoin раздача bitcoin bitcoin reddit ethereum homestead market bitcoin bitcoin мастернода calc bitcoin bitcoin free short bitcoin вклады bitcoin tether верификация ethereum перспективы
bitcoin blockchain скачать tether vip bitcoin amazon bitcoin пулы monero bitcoin scripting mooning bitcoin bitcoin goldman registration bitcoin
надежность bitcoin bit bitcoin bitcoin 99 tether yota bitcoin страна bitcoin calc bitcoin карты
bitcoin trend ethereum nicehash bitcoin send bitcoin мошенничество логотип bitcoin chaindata ethereum The screenshot below is taken from a blockchain explorer, a free public service which allows anyone to see all Bitcoin transactions. Note the block hash with 18 prepended zeros, required by the difficulty factor at the time this block was mined:bitcoin wmx You can also earn up to 5% APY when you stake Tezos on Coinbase. Learn more about Tezos staking rewards.polkadot
fenix bitcoin bitcoin escrow faucet bitcoin cryptocurrency trading ecdsa bitcoin panda bitcoin
monero криптовалюта bitcoin funding bitcoin dark ethereum stats bitcoin видеокарты bitcoin exe асик ethereum bitcoin traffic установка bitcoin monero новости
bitcoin bit 2x bitcoin ethereum android bitcoin раздача bitcoin падает bitcoin математика
bitcoin ocean bitcointalk ethereum hashrate ethereum new bitcoin bitcoin work блок bitcoin ethereum асик bitcoin новости bitcoin cache As Bitcoin’s existing stock has increased over time, and as its rate of new coin production decreases after each halving period, its stock-to-flow ratio keeps increasing. In the current halving cycle, about 330,000 new coins are created per year, with 18.4 million coins in existence, meaning it currently has a stock-to-flow ratio in the upper 50’s, which puts it near gold’s stock-to-flow ratio. In 2024, after the fourth halving, Bitcoin’s stock-to-flow ratio will be over 100.bitcoin анонимность bitcoin rpc map bitcoin bitcoin qiwi ethereum charts wisdom bitcoin lite bitcoin криптокошельки ethereum monero курс decred cryptocurrency bitcoin работать покупка ethereum monero сложность опционы bitcoin field bitcoin майн bitcoin direct bitcoin preev bitcoin биржа ethereum matteo monero bitcoin fire bitcoin casascius индекс bitcoin bitcoin курс
tails bitcoin 99 bitcoin bitcoin 10000 bitcoin криптовалюта autobot bitcoin avatrade bitcoin рулетка bitcoin магазин bitcoin monero обмен bitcoin trader usb tether system bitcoin putin bitcoin торрент bitcoin bitcoin вход bitcoin bot
apk tether avto bitcoin bitcoin транзакции bitcoin телефон обсуждение bitcoin bitcoin virus bitcoin pay bitcoin даром local bitcoin fast bitcoin tether app ethereum стоимость
криптовалюта ethereum валюта tether
bitcoin hesaplama ethereum mine china bitcoin spots cryptocurrency
reddit cryptocurrency mining monero bitcoin банкнота 16 bitcoin ethereum алгоритмы cranes bitcoin кредит bitcoin описание ethereum coinbase ethereum bitcoin mail
bitcoin cranes mini bitcoin
bitcoin криптовалюта
pump bitcoin bitcoin ios fast bitcoin bitcoin список bitcoin converter uk bitcoin ethereum explorer
wmx bitcoin скачать bitcoin bitcoin like андроид bitcoin
кошелька bitcoin bitcoin шахты магазин bitcoin bitcoin протокол пул monero kurs bitcoin bitcoin вирус портал bitcoin kinolix bitcoin bitcoin information bitcoin автосерфинг bitcoin poker отзывы ethereum bitcoin rigs криптовалюта tether future bitcoin bitcoin froggy вебмани bitcoin course bitcoin график bitcoin bitcoin delphi сети bitcoin daemon bitcoin bitcoin dance credit bitcoin monero прогноз bitcoin source курсы bitcoin debian bitcoin bitcoin server demo bitcoin ethereum script bitcoin algorithm ico bitcoin системе bitcoin пожертвование bitcoin bitcoin ne bitcoin коллектор bitcoin опционы майнинга bitcoin click bitcoin
bitcoin пицца бесплатно bitcoin
bitcoin 3 json bitcoin javascript bitcoin talk bitcoin cryptocurrency bitcoin tether приложения download bitcoin bitcoin options теханализ bitcoin bitcoin bitrix
bitcoin playstation ethereum кран
bitcoin scripting 8 bitcoin monero хардфорк nvidia monero wikipedia bitcoin раздача bitcoin bitcoin life torrent bitcoin metal bitcoin bitcoin лопнет lurkmore bitcoin bitcoin trust converter bitcoin casino bitcoin добыча bitcoin 1 ethereum genesis bitcoin bitcoin отслеживание
ethereum addresses bitcoin биржа китай bitcoin bitcoin telegram bitcoin synchronization
multiply bitcoin time bitcoin payeer bitcoin unconfirmed bitcoin
bitcoin руб bitcoin valet bitcoin зарегистрироваться
wiki bitcoin скрипты bitcoin bitcoin valet xmr monero bitcoin сатоши код bitcoin
ethereum ico ethereum contract
bitcoin earnings bitcoin donate pull bitcoin установка bitcoin monero кран bitcoin tor терминал bitcoin ethereum blockchain monero купить кошелька ethereum
bitcoin hub bitcoin разделился 600 bitcoin фото ethereum контракты ethereum полевые bitcoin bitcoin script
mindgate bitcoin bitcoin kurs Are smart contracts legally enforced?base bitcoin bitcoin alliance
bitcoin крах plus500 bitcoin ico cryptocurrency bitcoin кошелька bitcoin monero mainer bitcoin транзакции bitcoin биткоин bitcoin
bye bitcoin bitcoin markets bitcoin бесплатные ethereum node bootstrap tether bitcoin kran калькулятор ethereum client ethereum ethereum chaindata ethereum картинки bitcoin start bitcoin автоматический история ethereum price bitcoin free bitcoin bitcoin вконтакте tether майнить ethereum динамика tether coinmarketcap bitcoin nodes bitcoin payoneer валюта monero bitcoin коллектор
accepts bitcoin
monero майнить bestchange bitcoin blockchain bitcoin книга bitcoin bitcoin 1000 nem cryptocurrency bitcoin plus ethereum swarm bitcoin adress ethereum хардфорк хешрейт ethereum currency bitcoin пожертвование bitcoin agario bitcoin future bitcoin покер bitcoin bitcoin online bitcoin torrent bitcoin block рост bitcoin chaindata ethereum bitcoin auction moneybox bitcoin ethereum io robot bitcoin
cryptocurrency calendar bitcoin space bitcoin weekend plus500 bitcoin bitcoin london трейдинг bitcoin oil bitcoin 6000 bitcoin транзакции ethereum
bitcoin баланс
bitcoin habrahabr проекта ethereum bitcoin de bitcoin main bitcoin store monero курс фермы bitcoin clockworkmod tether monero кран cfd bitcoin bitcoin payza bitcoin minecraft segwit2x bitcoin логотип bitcoin auto bitcoin bitcoin information
bitcoin 1000 ethereum clix bitcoin ocean bitcoin игры рост bitcoin neo bitcoin прогнозы bitcoin
статистика bitcoin conference bitcoin red bitcoin blogspot bitcoin bitcoin spinner ethereum dag bitcoin бесплатно casinos bitcoin
blake bitcoin
space bitcoin bitcoin миллионер airbit bitcoin криптовалют ethereum удвоитель bitcoin
bitcoin start geth ethereum баланс bitcoin bitcoin покупка bitcoin окупаемость bitcoin банкнота playstation bitcoin metropolis ethereum token ethereum график bitcoin обновление ethereum
ethereum wallet wikipedia ethereum
bitcoin коды Bitcoinbitcoin etherium Ключевое слово bitcoin s bitcoin statistics bitcoin s india bitcoin компьютер bitcoin jax bitcoin мониторинг bitcoin bitcoin книга bitcoin сайты bitcoin club stealer bitcoin bitcoin department bitcoin даром ethereum график bitcoin пул bitcoin elena create bitcoin bitcoin приват24
ethereum chaindata bitcoin birds bitcoin россия korbit bitcoin
bitcoin книга bitcoin монет
играть bitcoin заработка bitcoin контракты ethereum bitcoin работать
играть bitcoin bitcoin weekend The app, Boardroom, enables organizational decision-making to happen on the blockchain. In practice, this means company governance becomes fully transparent and verifiable when managing digital assets, equity or information.шифрование bitcoin free monero обменник ethereum
казино bitcoin platinum bitcoin bitcoin payoneer elena bitcoin теханализ bitcoin monero fr bitcoin миксеры avto bitcoin фонд ethereum tether ico bitcoin суть bitcoin заработать micro bitcoin tp tether bitcoin исходники rush bitcoin bitcoin форки bitcoin payeer moto bitcoin agario bitcoin заработать bitcoin bitcoin автомат bitcoin knots bitcoin airbitclub
monero калькулятор magic bitcoin email bitcoin monero dwarfpool bitcoin facebook bitcoin рейтинг cryptocurrency dash китай bitcoin ethereum вывод bitcoin сбор rush bitcoin bitmakler ethereum Cold Storage in Practicekinolix bitcoin minecraft bitcoin home bitcoin tether limited secp256k1 bitcoin
bitcoin evolution bitcoin maps bitcoin опционы bitcoin xt bitcoin calculator новости ethereum кредит bitcoin обменник ethereum generator bitcoin bitcoin block акции ethereum
tether usb
bitcoin calc bitcoin information bitcoin development bitcoin school android tether mixer bitcoin история ethereum okpay bitcoin my bitcoin
bitcoin pattern bitcoin бизнес обменять monero обменять monero bitcoin xapo надежность bitcoin bitcoin python продажа bitcoin
500000 bitcoin difficulty monero This statement is an attempt to apply to Bitcoin the labor theory of value, which is generally accepted as false. Just because something takes X resources to create does not mean that the resulting product will be worth X. It can be worth more, or less, depending on the utility thereof to its users.bitcoin сложность
bitcoin картинки
nodes bitcoin bitcoin icons bitcoin сайт bitcoin wmx konvertor bitcoin добыча bitcoin bitcoin vip service bitcoin android tether dog bitcoin doubler bitcoin
ethereum stats bitcoin миксеры bitcoin работа bitcoin stock bitcoin instagram p2pool monero remix ethereum programming bitcoin
ethereum сложность bitcoin png xpub bitcoin bitcoin new bitcoin официальный
bitcoin автосерфинг займ bitcoin bitcoin кошелька amd bitcoin facebook bitcoin bitcoin grant создатель ethereum 1 ethereum adc bitcoin
ethereum miner ethereum ubuntu bitcoin usd робот bitcoin
wallet tether ethereum логотип monero обменник arbitrage cryptocurrency ethereum кран fpga ethereum bitcoin bitcointalk bitcoin token
прогноз bitcoin bitcoin android bitcoin лохотрон microsoft ethereum
swarm ethereum bitcoin protocol пул monero bitcoin sec boom bitcoin bitcoin tools bitcoin bear bitcoin coinmarketcap You’re choosing your own project, so you have more at stake.1 ethereum bitcoin будущее bitcoin установка bitcoin bitcoin видеокарты cryptocurrency trading bitcoin bitrix hyip bitcoin bitcoin redex clame bitcoin
магазин bitcoin ethereum алгоритм bitcoin balance
bitcoin online bitcoin casinos bitcoin logo monero hardfork
bitcoin play брокеры bitcoin paidbooks bitcoin tinkoff bitcoin ethereum casino ethereum info пицца bitcoin bitcoin новости ethereum кран bitcoin exe
bitcoin кранов пример bitcoin iobit bitcoin виталик ethereum bitcoin weekend service bitcoin bitcoin курс hack bitcoin bitcoin транзакции bitcoin linux sgminer monero github ethereum bitcoin qr анимация bitcoin уязвимости bitcoin bitcoin бонусы secp256k1 ethereum bitcoin talk заработать monero bitcoin token
love bitcoin алгоритмы ethereum ethereum info альпари bitcoin бот bitcoin tether apk bitcoin genesis Litecoin Cloud Mining: A Step-by-Step Guidebitcoin комбайн
bitcoin map
bitcoin token валюта monero bitcoin mmgp bitcoin 4000 bitcoin reddit cubits bitcoin bitcoin банк bitcoin like monero кошелек ethereum статистика http bitcoin decred ethereum bitcoin tm 99 bitcoin bitcoin fields bitcoin mt5 майнинг ethereum ethereum stats вывод ethereum ethereum contracts segwit2x bitcoin
bitcoin валюты rpg bitcoin bitcoin review monero github
отдам bitcoin matteo monero tether apk bitcoin удвоитель net bitcoin курса ethereum bitcoin знак ethereum complexity аналоги bitcoin bitcoin видеокарты programming bitcoin программа bitcoin super bitcoin bitcoin yandex bitcoin ферма платформа ethereum love bitcoin bitcoin free box bitcoin bitcoin xbt
asics bitcoin takara bitcoin monero hardware ava bitcoin bitcoin node bitcoin ishlash bitcoin plugin bitcoin scripting cryptocurrency tech bitcoin hyip курс bitcoin joker bitcoin шифрование bitcoin
tether пополнение обозначение bitcoin bitcoin map bitcoin onecoin puzzle bitcoin bitcoin hyip
airbit bitcoin bitcoin россия скачать bitcoin bitcoinwisdom ethereum bcc bitcoin bitcoin клиент bitcoin calc total cryptocurrency зарегистрировать bitcoin ios bitcoin
ethereum coin big bitcoin steam bitcoin clicker bitcoin lurk bitcoin mine monero bitcoin broker webmoney bitcoin simple bitcoin ethereum pool all bitcoin bitcoin node bitcoin login
ethereum mist Because the transactions are just between me and you and don’t need to be broadcast to the whole network, they are almost instantaneous. And because there are no miners that need incentivizing, transaction fees are low or even non-existent.nicehash monero