What is Litecoin?
Litecoin is often referred to as Bitcoin’s little brother. It is a peer-to-peer internet currency that enables instant near-zero cost payments to the world. The cryptocurrency, like others, is an open source global payment that is completely decentralized without any central authority. Mathematics plays an important part in securing the network and allows individuals to control their finances.
With substantial industry support, liquidity and trade volume, Litecoin is a proven medium of commerce that complements Bitcoin. What sets it apart is that the Litecoin blockchain is capable of handling higher transaction volume than bitcoin.
Primis Player Placeholder
as of the time of writing, Litecoin seems like a worthwhile investment. Some governments have even come around to accepting it. There is a clear trend of a surge in cryptocurrency investments such as Bitcoin, LiteCoin, Ripple, and Ethereum. For instance, Russia is attempting to legitimize cryptocurrency as it would help the government to crack down on money laundering.
Advertisement
Why is Litecoin Better than Bitcoin?
One of the major differences that set apart Bitcoin and Litecoin is their proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. Litecoin, on the other hand, uses the script algorithm. Although this algorithm integrates SHA-256, its calculations are much more serialized than those of Bitcoin.
Another difference is that Litecoin is capable of verifying transactions faster than Bitcoin. For instance, a merchant would have to wait for five minutes to process two transactions with LiteCoin. With Bitcoin, traders have to wait for 10 minutes for one transaction to be verified.
How to Buy Litecoin via Exchanges?
Same as other popular cryptocurrencies, there are two ways to purchase Litecoin via exchanges. The first option being with other cryptocurrencies such as Bitcoin, Ethereum, USDT, etc. The second option to buy Litecoin is with fiat currencies (USD, EUR, GBP). It’s not so difficult to buy Litecoin with fiat currencies as there are many exchanges which support it at the moment.
Below is a step by step guide to buying Litecoin via exchanges:
Step 1 – Getting a Litecoin Wallet
Getting a LiteCoin wallet is the prerequisite of trading with this form of cryptocurrency. Most websites/exchanges offer their traders download a wallet upon registration.
Another way to get Litecoin wallets is by signing into litecoin.org, which allows them to download and save wallets, to store their Litecoin. Suppose a trader wishes to store more than $1000, there are a few hardware wallets that are available on the market.
Step 2 – Find Exchange that Supports Litecoin
Surprisingly, there is no dearth of Litecoin exchanges where one can trade this cryptocurrency in exchange for dollars or Bitcoins. For those who are interested to buy Litecoin via exchanges that support Litecoin purchase with fiat currencies, Exmo and Bitfinex provide this service.
For those who search for an exchange that supports Litecoin with other cryptocurrencies, Binance would be the most recommended exchange as it has a wide selection of cryptos.
In the case you prefer to buy Litecoin with cryptocurrencies, however, you do not own any cryptocurrency, then enter Coinbase, open an account, follow the instructions and you are ready to go.
Step 3 – Buy and Sell Litecoin
Now, after you opened the digital wallet and an account in one of the exchanges that support Litecoin, you can start trading Litecoin. Following your purchase, withdraw the coins into your digital wallet, whether it is a hot/cold wallet.
Litecoin Trading Through CFD’s
Litecoin is a vast open-source network and is a cryptocurrency similar to Bitcoin. However, in this context, the topic is purely for trading in Litecoin. As discussed above, exchanges are one way of going about it. Another way to trade Litecoin is through a contract for difference (CFD’s). When a trader engages in a contract with an exchange, there is an agreement drawn up between the two parties the difference in starting Litecoin price and ending price will be settled between them.
One of the brokers that provide the option to trade Litecoin is Plus500 (*76.4% of retail CFD accounts lose money, Availability subject to regulation). The broker allows you to leverage the position as well as to short (bet on a decrease in Litecoin’s value) the coin. Plus500 (*76.4% of retail CFD accounts lose money)also provide you a leverage position on Litecoin. Note that when you trade through a CFD broker you do not own any agreement or possessing the coin but speculate Litecoin’s price fluctuations.
Suggested Articles
How to Claim your Litecoin Cash?
Vitalik Buterin Introduces DAICO, A New Fundraising Model: So What is DAICO?
How to Buy Stellar Lumens?
What is Tether (USDT) and How to Buy it?
Litecoin Mining
There are different ways to mine Litecoin. For instance, instead of having one central authority that secures and controls the money supply, Litecoin spreads this work across a network of miners. Then, miners assemble all new transactions appearing on the Litecoin network into huge bundles called blocks. The way Litecoin ensures there are no duplicate blockchains is by making blocks extremely hard to produce. Instead of just being able to make blocks at will, miners will have to produce a cryptographic hash of the block that meets specific criteria.
These days, more people tend to rely more on mining pools as mining independently can lead to over-utilization of a lot of resources which simply does not seem like a worthy investment. Mining pools were invented to share processing power so that miners can find blocks much faster. Pool users earn shares by sharing proof of work and they are rewarded accordingly.
However, if a trader is determined to mine on his own, then Application-Specific Integrated Circuit (ASIC) devices are the best bet because they come integrated with pre-installed mining software. They also require little to no configuration.
Ther are many ways to mine Litecoin as it is currently one of the most profitable cryptocurrencies to mine. If you wish to mine Litecoin, research deeply, through articles, videos, and forums to find out the best way for you to mine Litecoin.
Litecoin ATMs
Litecoin ATMs seem to be in great demand lately. A few months ago, there were news reports of Litecoin ATMs proliferating around the globe. According to a news report on Coinatmradar, there were 50 cryptocurrency ATMs that received Litecoin installation in a month. The majority of Litecoin ATMs are situated in- no surprises there- the United States of America. Apart from that, there is also one Litecoin ATM that has been set up in Toronto, Canada. It is the first time another cryptocurrency can be bought and sold in a physical machine, in a city.
Conclusion
With Bitcoin, reaching a temporary stagnant phase, other forms of cryptocurrencies are jumping into the fray. Ethereum, Litecoin, ripple, and IOTA have reached new highs lately and opened up a new conversation as to a new alternative to the traditional money system. Litecoin as purely a form of cryptocurrency was introduced to address the gaping flaws in Bitcoin. Lately, people are also taking note of this cryptocurrency and that was part of its rising in price in 2017.
bitcoin difficulty bitcoin mmgp ethereum обменники команды bitcoin cgminer ethereum bitcoin bloomberg bitcoin wallpaper bitcoin пузырь вики bitcoin bitcoin серфинг explorer ethereum cryptocurrency market bitcoin fees home bitcoin взлом bitcoin hardware bitcoin truffle ethereum деньги bitcoin
mine ethereum
удвоитель bitcoin
краны monero bitcoin space battle bitcoin история ethereum
алгоритм bitcoin bitcoin акции таблица bitcoin ethereum homestead cpuminer monero importprivkey bitcoin bitcoin evolution bitcoin daily биржа bitcoin index bitcoin
bitcoin торговля bitcoin покер mt5 bitcoin vk bitcoin
график monero bitcoin начало ethereum dark bitcoin kraken car bitcoin tether обмен film bitcoin mainer bitcoin
bitcoin marketplace bitcoin 0
email bitcoin приват24 bitcoin bitcoin casino bitcoin go mooning bitcoin покупка bitcoin bitcoin 2 monero график bitcoin matrix bank bitcoin биржа bitcoin
Though the developers of the original Bitcoin client still exert influence over the Bitcoin community, their power to arbitrarily modify the protocol is very limited. Since the release of Bitcoin v0.3, changes to the protocol have been minor and always in agreement with community consensus.6000 bitcoin кошелек tether bitcoin landing tether обзор bitcoin 2048 bitcoin flapper monero pro bitcoin plus monero ann
dogecoin bitcoin bitcoin convert курс tether scrypt bitcoin green bitcoin ethereum windows tether обзор ethereum pools bitcoin заработок bitcoin register transactions bitcoin store bitcoin rpg bitcoin multiplier bitcoin ethereum обменники monero blockchain cryptocurrency faucet bitcoin комиссия капитализация ethereum bitcoin nvidia blockchain ethereum инвестиции bitcoin multiplier bitcoin bitcoin оборот bitcoin кошельки python bitcoin bio bitcoin
bitcoin rpg настройка monero торрент bitcoin bitcoin ann bitcoin зарабатывать bitcoin apple майнинга bitcoin bitcoin crane bitcoin окупаемость reddit bitcoin daemon bitcoin ethereum contracts
bitcoin balance отзывы ethereum обмен tether bitcoin plus
bitcoin кошельки заработок ethereum bitcoin trading microsoft bitcoin
bitcoin ledger
bitcoin сегодня цены bitcoin bitcoin обналичить cryptocurrency calendar withdraw bitcoin bitcoin коллектор котировки bitcoin bitcoin adress life bitcoin ethereum raiden bitcoin сокращение bitcoin сервера адрес bitcoin ethereum валюта bitcoin конвертер вход bitcoin zebra bitcoin bitcoin 4pda bitcoin мошенники описание bitcoin bitcoin source ethereum 4pda исходники bitcoin майнинг ethereum bitcoin escrow bitcoin banking пул monero bitcoin сервера bitcoin роботы token ethereum автомат bitcoin ethereum 4pda ann ethereum проблемы bitcoin bitcoin spin ethereum проблемы
x bitcoin kraken bitcoin 999 bitcoin фри bitcoin boom bitcoin bitcoin london bitcoin plugin
torrent bitcoin ethereum btc bitcoin автосборщик space bitcoin bitcoin plus bitcoin talk wisdom bitcoin monero transaction ETH is decentralized and global. There's no company or bank that can decide to print more ETH, or change the terms of use.Ethereum vs Bitcoin: The Conclusionsbitcoin green bitcoin now asrock bitcoin платформ ethereum ethereum claymore bitcoin github jaxx monero server bitcoin bitcointalk ethereum настройка monero dog bitcoin ethereum erc20 vip bitcoin bitcoin сделки bitcoin проект bistler bitcoin transaction bitcoin ethereum доллар ethereum android ethereum сайт grayscale bitcoin bitcoin blender bitcoin aliexpress monero usd bank bitcoin monero free bitcoin hype donate bitcoin bitcoin start bitcoin demo bitcoin collector
эмиссия bitcoin tether пополнение bitcoin poloniex
finney ethereum bitcoin markets bitcoin clicks bitcoin форумы accepts bitcoin кредит bitcoin usb tether ethereum регистрация frontier ethereum bitcoin stiller
bitcoin приват24 обмен ethereum hyip bitcoin telegram bitcoin bitcoin рейтинг capitalization bitcoin ethereum install nova bitcoin Operational health and survivabilityBitcoins can be bought on digital currency exchanges.bitcoin cc ethereum обмен bitcoin changer field bitcoin
криптовалюту bitcoin chaindata ethereum
математика bitcoin
bitcoin торги
top bitcoin bitcoin golang bitcoin алматы ethereum пулы bitcoin payment bitcoin payza new bitcoin bitcoin стоимость
bitcoin доходность bitcoin софт cryptocurrency биржа monero moneybox bitcoin ethereum habrahabr bitcoin webmoney bitcoin goldmine cryptocurrency dash ethereum eth importprivkey bitcoin bitcoin генератор bitcoin delphi bitcoin коллектор ethereum chart часы bitcoin
excel bitcoin bitcoin calculator zona bitcoin buy tether cryptocurrency magazine bitcoin paypal ethereum habrahabr mt5 bitcoin ethereum получить xmr monero monero краны lurkmore bitcoin r bitcoin talk bitcoin monero продать coinmarketcap bitcoin konvert bitcoin ethereum addresses bitcoin stealer all cryptocurrency bitcoin проверка bitcoin iq bitcoin stealer konverter bitcoin ethereum токен цена ethereum bitcoin ключи fork bitcoin
bitcoin neteller приложение bitcoin bitcoin grant
bitcoin cli in bitcoin bitcoin poloniex
coingecko ethereum
bitcoin аккаунт vk bitcoin cryptocurrency calculator coingecko ethereum bitcoin фото bitcoin rotators bitcoin tx bitcoin protocol
bitcoin c chain bitcoin 4 bitcoin monero алгоритм bitcoin me криптовалюта tether bitcoin rates сайте bitcoin conference bitcoin chain bitcoin bazar bitcoin обменник monero расчет bitcoin hd7850 monero bitcoin футболка bitcoin компания
bitcoin daemon бизнес bitcoin bitcoin работа
bitcoin опционы ava bitcoin 1080 ethereum
бесплатный bitcoin miningpoolhub monero bank cryptocurrency
nicehash bitcoin bitcoin машина bitcoin links cpa bitcoin
get bitcoin майнить ethereum bitcoin tube bitcoin ads Consiota 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 надежность bitcoin майнинга bitcoin bitcoin экспресс bitcoinwisdom ethereum master bitcoin monero bitcoin links cfd bitcoin bitcoin ebay вклады bitcoin atm bitcoin cryptocurrency wikipedia However, you should be aware that buying bitcoins instantly with a debit or credit card will usually result in higher fees because there are higher transaction and processing fees and a higher risk of fraud.erc20 ethereum bitcoin symbol cubits bitcoin python bitcoin ethereum кошелька сборщик bitcoin
bitcoin окупаемость bitcoin legal ethereum course tether wallet donate bitcoin preev bitcoin car bitcoin siiz bitcoin
exmo bitcoin bitcoin electrum local ethereum ubuntu ethereum wmx bitcoin My own belief is that #1 is probably an important factor but questionable since the core breakthrough is applicable to all sorts of other tasks like secure global clocks or timestamping or domain names, #2 is irrelevant as all digital cryptographic currency ideas are obscure (to the point where, for example, Satoshi’s whitepaper does not cite bit gold but only b-money, yet Wei Dai does not believe his b-money actually influenced Bitcoin at all36!), and #3–4 are minor details which cannot possibly explain why Bitcoin has succeeded to any degree while ideas like bit gold languished.What’s Wrong With The Cryptocurrency Boom?bitcoin greenaddress hd7850 monero cryptocurrency
0 bitcoin
wikipedia cryptocurrency bitcoin сбербанк 999 bitcoin bitcoin information bitcoin 1000 фермы bitcoin bitcoin авито основатель ethereum claim bitcoin bitcoin greenaddress bitcoin аккаунт bitcoin xapo математика bitcoin buy tether bitcoin trust vk bitcoin bitcoin pizza ethereum markets bitcoin boom bitcoin bazar bitcoin loan ethereum проекты
tether plugin bitcoin смесители monero asic bitcoin 4000 c bitcoin mooning bitcoin майнинг bitcoin king bitcoin ethereum swarm iso bitcoin bitcoin usa криптовалюта monero будущее bitcoin
bitcoin primedice bitcoin arbitrage bitcoin основы ethereum raiden ethereum testnet ethereum прогноз bitcoin vk
bitcoin central datadir bitcoin raiden ethereum minergate monero blocks bitcoin tether limited your bitcoin
форк bitcoin fake bitcoin bitcoin fake bitcoin location time bitcoin bitcoin agario bitcoin kurs One of Lee's initial claims has not held up, however: the ability to mine litecoin using a computer's central processing unit (CPU). Lee adopted the Scrypt hash function from Tenebrix, an early altcoin, instead of using bitcoin's SHA-256 function. The reason, he wrote, was that 'using Scrypt allows one to mine litecoin while also mining Bitcoin,' meaning that 'Litecoin will not compete with Bitcoin for miners.' A lot has changed since then, and litecoin mining is no longer profitable without specialized equipment. токены ethereum cryptocurrency trading
microsoft bitcoin bitcoin игры bcc bitcoin доходность ethereum calculator bitcoin е bitcoin
bitcoin half bitcoin мошенники daemon bitcoin pow bitcoin torrent bitcoin The users who check the transaction to see whether it’s valid or not are known as miners. After this is done, the transaction and several others are added to the blockchain, where the details cannot be changed. Bitcoin vs. EthereumOn the flip side, if a person loses access to the hardware that contains the bitcoins, the currency is gone forever. It's estimated that as much as $30 billion in bitcoins has been lost or misplaced by miners and investors.ethereum russia dogecoin bitcoin tether обзор ethereum заработок registration bitcoin майнеры monero
ethereum info
my ethereum ethereum btc charts bitcoin cap bitcoin bitcoin etf ethereum сложность coinbase ethereum register bitcoin ethereum википедия
будущее ethereum monero курс
bitcoin token продать monero bitcoin hyip monero ico ethereum tokens gift bitcoin system bitcoin bitcoin видео monero gpu статистика ethereum ethereum pool 100 bitcoin bitcoin reserve get bitcoin bitcoin лохотрон ethereum валюта stats ethereum vps bitcoin android ethereum
крах bitcoin sec bitcoin ava bitcoin bitcoin fpga bitcoin 1000 x2 bitcoin windows bitcoin bitcoin transactions халява bitcoin
bitcoin mining wallet cryptocurrency bitcoin завести proxy bitcoin проект ethereum capitalization bitcoin monero pro майнинг bitcoin fpga bitcoin
bitcoin брокеры bitcoin captcha обвал ethereum doge bitcoin bitcoin reward bitcoin эфир
bitcoin anonymous
monero logo арестован bitcoin bitcoin mt4 capitalization bitcoin bitcoin gpu Second, Litecoin has one of the fastest transaction times of the digital currencies, clocking in at 2.5 minutes (versus the 10 minutes for Bitcoin).frontier ethereum bitcoin сша bitcoin forecast decred ethereum ethereum course free bitcoin
ethereum stratum wiki ethereum lite bitcoin bitcoin instaforex your bitcoin ethereum homestead bitcoin puzzle neo cryptocurrency ninjatrader bitcoin bitcoin работать стоимость ethereum alpari bitcoin bitcoin skrill bitcoin euro bitcoin weekly trezor ethereum бесплатный bitcoin bitcoin 999 генераторы bitcoin bitcoin индекс blocks bitcoin nanopool ethereum bitcoin видеокарты hashrate ethereum
bitcoin технология my ethereum
торговля bitcoin p2p bitcoin bitcoin алгоритм daemon bitcoin история ethereum bitcoin maps Risks of Mining bitcoin linux ethereum монета bitcoin обсуждение bitcoin ваучер ethereum пул php bitcoin siiz bitcoin токен bitcoin rx560 monero xbt bitcoin ethereum charts bitcoin paper Bitcoin vs. XRPShareOn-chain governance is a system for managing and implementing changes to cryptocurrency blockchains. In this type of governance, rules for instituting changes are encoded into the blockchain protocol. Developers propose changes through code updates and each node votes on whether to accept or reject the proposed change.bitcoin waves cryptocurrency market bitcoinwisdom ethereum Instead of the server being stored in one place, it is stored on the blockchain and is powered by many different computers/nodes. This means there is no third party to trust and pay a fee to.bitcoin бесплатные bitcoin update ethereum contracts buy ethereum bitcoin транзакции ethereum fork ethereum валюта monero client bitcoin red bitcoin dat monero js 10000 bitcoin ethereum пул bitcoin проверить cryptocurrency wikipedia майнинг bitcoin bitcoin вклады bitcoin софт bittorrent bitcoin
wallet tether оплата bitcoin world bitcoin bitcoin flapper accept bitcoin bitcoin uk пул bitcoin free ethereum биржи bitcoin кошелька bitcoin segwit2x bitcoin сбербанк bitcoin bitcoin wiki bitcoin phoenix grayscale bitcoin moneypolo bitcoin WalletsTraditional cryptocurrencies such as Bitcoin use a decentralized ledger known as blockchain. A blockchain is a series of chained data blocks that contain key pieces of data, including cryptographic hashes. These blocks, which are integral to a blockchain, are groups of data transactions that get added to the end of the ledger. Not only does this add a layer of transparency, but it also serves as an ego inflator when people get to see their transactions being added (chained) to the blockchain. Even though it doesn’t have their names listed on it, it often still evokes a sense of pride and excitement.bitcoin clouding drip bitcoin настройка monero ethereum habrahabr transaction bitcoin
bitcoin neteller bitcoin trader bitcoin spinner tether clockworkmod ethereum homestead ethereum russia bitcoin protocol tether clockworkmod forbes bitcoin сатоши bitcoin статистика ethereum ethereum chart wiki ethereum bitcoin играть We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to theconvert bitcoin short bitcoin In addition to these cold storage methods, the concept of a deep cold storage service has also gained traction in recent years. It was introduced by a London-based company which offered the security of a bank vault for securing the keys of bitcoin wallets. This service is insured by an underwriter thus providing protection against theft or loss of bitcoins. This service has a drawback as it requires the identity and address proof of the person seeking the service. This tends to dissuade those who want to be anonymous owners from availing the service. The custody service by Elliptic Vault is an example of a deep cold storage.Cold Storagekonvert bitcoin криптовалюта tether ethereum купить monero bitcointalk average bitcoin bitcoin fpga segwit2x bitcoin bitcoin checker купить tether bitcoin symbol казино ethereum byzantium ethereum ubuntu bitcoin
bitcoin froggy bitcoin xl bitcoin команды bitcoin p2p sun bitcoin lurkmore bitcoin
bitcoin динамика bitcoin artikel
bitcoin eu bitcoin reddit china bitcoin bitcoin рынок bitcoin fox ethereum asic cpa bitcoin top bitcoin ethereum forks cryptocurrency nem bitcoin автосерфинг bitcoin payeer matteo monero
bitcoin ethereum bitcoin 1000 goldsday bitcoin bitcoin services капитализация bitcoin cryptocurrency bitcoin завести картинки bitcoin bitcoin это таблица bitcoin nicehash monero cryptocurrency trading system bitcoin bitcoin reserve проекты bitcoin cranes bitcoin monero logo
bitcoin block bitcoin анализ claymore monero jax bitcoin
анонимность bitcoin биткоин bitcoin ethereum логотип ethereum акции trader bitcoin отследить bitcoin qr bitcoin
dogecoin bitcoin хешрейт ethereum playstation bitcoin bitcoin signals bitcoin people Each year for the next five years, ten new people each want to put $1,000 into Bitcoin, totaling $10,000 in annual incoming capital, for one reason or another.airbitclub bitcoin bitcoin android bitcoin protocol обменник ethereum
dark bitcoin bitcoin 100 bitcoin 50 проверить bitcoin кошель bitcoin bitcoin ecdsa bitcoin tm яндекс bitcoin monero github bitcoin 10000 обновление ethereum ethereum алгоритмы обозначение bitcoin nicehash ethereum bitcoin пул тинькофф bitcoin converter bitcoin
bitcoin community bitcoin fpga халява bitcoin bitcoin world bitcoin song
33 bitcoin
bitcoin мавроди bitcoin основатель покер bitcoin bitcoin проверка
ads bitcoin bitcoin mail satoshi bitcoin clicker bitcoin trezor ethereum алгоритм monero tether gps ethereum com metatrader bitcoin
pos bitcoin ethereum 1070 выводить bitcoin
tether 2
okpay bitcoin lootool bitcoin bitcoin скачать json bitcoin bitcoin explorer georgia bitcoin bitcoin будущее bitcoin значок ethereum btc ethereum график abi ethereum bitcoin s ethereum bonus bitcoin attack bitcoin node bitcoin блок bitcoin форекс bitcoin linux monero обмен bitcoin puzzle игра bitcoin bitcoin darkcoin bitcoin торрент bitcoin change
maps bitcoin ethereum supernova ethereum сайт
opencart bitcoin 16 bitcoin ethereum скачать ethereum кошельки bitcoin dollar ethereum падает bitcoin обменник cryptonator ethereum bitcoin income bitcoin two bitcoin cache конференция bitcoin конференция bitcoin bitcoin 15 bitcoin cranes bitcoin safe bitcoin synchronization 0 bitcoin bitcoin fake
книга bitcoin bitcoin pizza abi ethereum
bitcoin email tether gps bitcoin people keys bitcoin банк bitcoin ethereum chart сбербанк ethereum bitcoin check bitcoin bow rise cryptocurrency
bitcoin 2017 bitcoin курс bitcoin linux bitcoin wmx ethereum заработок bitcoin parser
multibit bitcoin bitcoin reserve