Litecoin, the Silver to Bitcoin’s Gold

Litecoin is said to be “the silver to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term’s gold”, a peer-to-peer cryptocurrency. Technically, it is nearly identical to Bitcoin and is based off of Bitcoin’s code. It differs from Bitcoin in the following ways: It processes blocks every 2.5 minutes as opposed to Bitcoin’s 10, utilizes scrypt for its proof-of-work algorithm, and its maximum circulation is 84 million, 4 times as much as Bitcoin’s.

Litecoin was among the first Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term to be patterned after bitcoin as it was created in October 2011 by Charlie Lee. A former Google employee, Lee was hired by bitcoin consumer and merchant tools and marketplace firm Coinbase in 2013, but continues to be involved with ongoing development of litecoins.

Following bitcoin, litecoin is arguably the best known and sports the second highest market cap, having a total supply that briefly exceeded $1 billion in late 2013. Other than bitcoin, litecoin is the most available crypto-currency for trading and merchant purposes, with support being offered by such firms as GoCoin, BTC-e, BTC China, Bitfinex, and Huobi. In April 2014, GoCoin processed the purchase of a Tesla Model S with litecoins, which was believed to be the largest single payment made using the crypto currency.

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