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  • After lightning network goes mainstream for bitcoin, why should I still use litecoin? January 20, 2018
    I love litecoin today because how cheap & fast it is to transfer them across. I also appreciate the dedication of The Litecoin Foundation & Charlie Lee. But say, lightning network goes mainstream on Bitcoin's chain, it would be as cheap and fast to transact bitcoin as litecoin. So I wonder why should I still […]
    /u/alok_tripathy
  • Help setting up litcoin wallet January 20, 2018
    Just downloaded the wallet and am confused as to how the offical litcoin wallet works. There is no log in or out button i can see and just a paraphrase that i need to set? yet when i re open the wallet it does not ask for my paraphrase? meaning it is always logged in […]
    /u/jkeewoo
  • Buy Anything From Favorite Online Retailers w/ LTC--Domestic Shipping Available in US, Australia, Canada, & UK January 20, 2018
    Hello, all! We are a fairly new company, Bitcoin Superstore, that allows customers to buy from any of their favorite online retailers (including Amazon Prime) with Litecoin, Bitcoin, and Bitcoin Cash. Shipping speeds are matched (Prime items, as well). New News: Buy from any online retailer! Domestic shipping is available in the US, Australia, Canada, […]
    /u/1337-AF
  • Youtube Vid: Ungrateful Tone Vays and Jimmy Song don't care about Litecoin, but in video description accept it for donations. January 20, 2018
    Video clip: https://youtu.be/6xux_oWctNg?t=21m6s They mentioned they liked Monero and Decred, but no Litecoin love. IMO these guys are ungrateful (or ignorant) of all future support Litecoin will give their precious and perfect Bitcoin via Atomic swaps and lightning. submitted by /u/dapppunk [link] [comments]
    /u/dapppunk
  • Gov. Shutdown Connection with Today's Movement January 20, 2018
    I'm curious to hear what the community thinks about the possibility of a connection between today's (current) rise and the failure of the US Congress' ability to keep agree on funding. I know that there are better informed opinions than my own here, let's hear them! submitted by /u/gottssunfire [link] [comments]
    /u/gottssunfire
  • Litecoin Atomic Swaps BarterDEX January 20, 2018
    submitted by /u/yrys88 [link] [comments]
    /u/yrys88
  • c lee dropping hints?? January 20, 2018
    Charlie Lee [LTC] @SatoshiLite Ok, Google. Ask Mr. Satoshi what is the price of Litecoin. 💥 2:49 PM · Jan 20, 2018 submitted by /u/sithexsense [link] [comments]
    /u/sithexsense
  • Multiple signs leading to maximum happening 🚀 January 20, 2018
    submitted by /u/ironintervention [link] [comments]
    /u/ironintervention
  • Concern about current market development January 20, 2018
    Hi, I have a question for you to dispel my concerns. I've been traveling with Litecoin for quite some time (starting at around $ 50) and have always considered it as the method of payment. But for some time I have strong doubts whether Litecoin can really fulfill this purpose. The following points are decisive […]
    /u/Kogsi
  • Litecoin Rider game January 20, 2018
    submitted by /u/calamityjameson [link] [comments]
    /u/calamityjameson

RSS Litecoin News

What Is Litecoin ?

Litecoin is a decentralized peer-to-peer and open source cryptocurrency network released under the MIT/X11 license. Litecoin offers faster transaction and improved storage efficiency than bitcoin. It was launched in 2011 to fix mine with massive computer horsepower experienced in bitcoin. Litecoin can be mined in any lesser computer, and it is 7.5 faster than bitcoin in producing blocks to the blockchain. In fact, it mines with an average of 2.5minutes per block. This fast transactional functionality has made Litecoin, the first choice for miners who want to make more money.
It uses a decentralized blockchain technology meaning, it cannot be controlled by any central authority, and it is excellent payment platform to transact digital currency.

Regardless of what people say, Bitcoin is always the first to scoop the headlines, virtually taking the lead in both good and what seems to be wrong. The early Bitcoiners are smiling to the bank whenever you criticize of what is not going right in bitcoin.

Last month, a cryptocurrency which regarded its self as “the silver to bitcoin’s gold’ made an all-time high of 2000% in the market capitalization. That cryptocurrency is called Litecoin. The Litecoin team should be seeing it as gold not silver after such an unprecedented surge in value. With quickest transaction time in cryptocurrency blockchain, improved network and less volatility, Litecoin should be aiming to be among the top two in cryptocurrency market.

 

TEAM

Litecoin was founded by Mr. Charlie Lee, a cryptographic expert who brought his wealth of experience to make Litecoin, what it is today.

He is being assisted by other Directors in the persons of Mr. Xinxi Wang and Mr.Franklyn Richards. I will not forget to mention these two developers who have worked tirelessly to make Litecoin, the fastest blockchain transaction platform. They are losh11 and fancycedar.

Practical Uses of Litecoin

  • Litecoin is a payment processor to many firms such as eGifter, Sean’s Outpost, KnCMiner, Ellenet
  • Some banks use Litecoin’s blockchain platform for transactions
  • It is used for payment solutions for e-commerce.
  • You can pay other users who are using Litecoin with its’ tokens.

 

Mining Of Litecoin

Mining LTC is cost-effective because of low computational power it uses.It can be mined in minor hardware or computers. Litecoin uses Script Proof of Work to verify transactions, and every transaction produces new blocks which are added into the Litecoin’ blockchain. A reward is given to the miner whose effort in solving the computational puzzle led to the addition of more blocks.

Litecoin and Bitcoin are different in the usage of algorithms when hashing. Bitcoin uses the popular SHA-256 which is known for its’ complexity and high computational power consumption. On the other hand, Litecoin uses a script which is a memory based algorithm and uses less computational power to mine.

Notes to Invest

Litecoin is the cheapest amongst the top three: Bitcoin, Ethereum, and Litecoin, with the price hovering around $70.I think, what drives Litecoin presently is the relatively low price, and I feel, they management should take advantage of that.

LTC is a currency, and it doesn’t act like a stock or bond, When buying shares of Litecoin, you are only swapping your money with Litecoin currency. Litecoin has the potentials to hit it big in the coming years based on the steady increase(In July 2013, 1 LTC = $2.80 and now,1LTC= $70) in the market cap,

MUST READ!

You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!