Litecoin and no downtime till now in 11 years - page 2.

TravelMug

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

I haven't check this numbers but if it's true then you have to thank Litecoin's big brother which is Bitcoin. We all know that Litecoin is like the testing ground, a sort of guinea pig for Bitcoin for many years now. However, it remains like that and that is the main reason why merchant is not going to use it a payment system.

Bitcoin will still be the top priority and maybe some other altcoins for P2P and as payment scheme.

MusaMohamed

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Litecoin network is good enough and in 2023, it will have another block halving and the estimate day is https://www.nicehash.com/countdown]26 July 2023

Litecoin network has good hashrate and its is a second strongest and healthiest blockchain Proof of Work networks after Bitcoin.
6 confirmations on Bitcoin blockchain will need about 316 confirmations on Litecoin blockchain, that is about 12 hours.

A third strongest PoW blockchain is Dogecoin.
https://howmanyconfs.com/

GreatArkansas

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Quote from: Fundamentals Of on February 21, 2023, 10:17:12 PM

As an on-chain payment method, Litecoin is probably better than Bitcoin. That's in terms of fees. Of course, it is way better than Ethereum. And then Litecoin's Lightning Network is already launched so it is now becoming even better for payments.
(....)

You got a point here, but overall I am still with Bitcoin, maybe if you are not comfortable with the transaction fees of Bitcoin, you can use Litecoin.
I believe Litecoin will stay just like Bitcoin. And take note also that Litecoin is forked from Bitcoin, so you will see the similarities of it with Bitcoin. It's just copying what bitcoin have, just like the Lightning Network.

Fundamentals Of

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As an on-chain payment method, Litecoin is probably better than Bitcoin. That's in terms of fees. Of course, it is way better than Ethereum. And then Litecoin's Lightning Network is already launched so it is now becoming even better for payments.

Litecoin has also the best uptime in crypto history. It has the longest. It also has the highest. Litecoin has 100% uptime. Bitcoin experienced downtime before.

That's why I understand why Litecoin is also widely accepted as a cryptocurrency payment. It's one of the best. It is not like other altcoins which are merely shitcoins.

LogitechMouse

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One of the top coins that hasn't been discussed over the internet, or gained any popularity in the past few years.
I rarely or never heard about Litecoin for the past few years and yet, it is still running.

Being called as the copycat of Bitcoin, Litecoin hasn't have any huge developments from their project, but the fact that it hasn't face any problems as well is a good achievement already. I mean I had held Bitcoin a few years ago, but sold it. Maybe the fact that most of the exchanges are accepting Litecoin is one reason why it's still there on the top. Even though it slowly move out of the top 10 in terms of market cap, I'm thinking of Litecoin still as a good mid to long term coin to hold. The fact that it is also a POW coin is another reason why it's still on the top.

Either way, even though it hasn't been that popular already, many are still accepting it. It still has a fast transaction speed though with 2.5 minutes per block.

Yatsan

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Quote from: goaldigger on February 21, 2023, 04:57:13 PM

Good to see LTC still in this market rising and growing, its good that we talked about this coin now since I’m planning to increase my holdings as the halving is about to come which for sure the price will pump again.

This is a good technology of POW and many still want to use this network. LTC have to be more active though and hopefully it will be back in the top 10 with regards to marketcap.

It encountered many issues in the past but is still in this industry at the present. One of the stable coins I guess, for some reasons. Litecoin is a good choice if you are into a more stable asset. During pumps it has a decent rate of increase and low decline during bearish market. In terms of payment method, well LTC is also a good choice and is running on a large chain across different projects. But to compare it with Bitcoin I guess is different. Bitcoin would be a better investment or asset over it if you are into more obvious growth in terms of market price. Would be between investor's preferences whether stability is more chosen.

goaldigger

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Good to see LTC still in this market rising and growing, its good that we talked about this coin now since I’m planning to increase my holdings as the halving is about to come which for sure the price will pump again.

This is a good technology of POW and many still want to use this network. LTC have to be more active though and hopefully it will be back in the top 10 with regards to marketcap.

Jackl87

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

I don't know if it is actually true, but if the litecoin blockchain was always working without any major downtimes for 11 years straight, then this is a pretty good achievement. I mean Litecoin was created as a lighter version of Bitcoin obviously, with a lower blocksize in terms of data and also more TPS if i am not wrong, so this would make Litecoin a perfect method of payment.
Nowadays Bitcoin is not really a currency to pay anymore in my opinion but more of a rare asset that everyone is holding in order to profit from rising prices in the future just as people are doing it with gold. Litecoin on the other hand would be a perfect cryptocurrency used for normal payments. It does not offer smart contracts so that is also pretty much the only use case, but that is enough.

TimeTeller

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Quote from: Xal0lex on February 21, 2023, 03:38:13 PM

Quote from: coinremitter on February 21, 2023, 01:37:33 AM

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

I'm a little confused by your phrase about how he never went down. What do you mean by that? Litecoin, like other cryptocurrencies, loses most of its value every 4 years. It does not differ much from other major projects in this behavior. The only big difference is that Litecoin didn't rise much in 2021, relative to the 2017 peak.

In terms of price, it has also a roller coaster ride in this market.
But maybe, the OP is referring to its service to the community, it is always up and running.
Actually, ltc is one of the alts that has still very cheap transaction fee which is indeed good for payment method.
And in addition, this old alt is present in most trading platforms, which is very favorable to users because they can convert their LTC to any crypto they want.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

It's the beauty about POW, isn't?

Litecoin is one of the few other altcoins I use alongside Doge and of course the main crypto coin, Bitcoin

Quote from: Xal0lex on February 21, 2023, 03:38:13 PM

I'm a little confused by your phrase about how he never went down. What do you mean by that? Litecoin, like other cryptocurrencies, loses most of its value every 4 years. It does not differ much from other major projects in this behavior. The only big difference is that Litecoin didn't rise much in 2021, relative to the 2017 peak.

What he means is that Litecoin has never gone offline for the past 11 years like some POS shitcoins such as solana Wink

Xal0lex

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

I'm a little confused by your phrase about how he never went down. What do you mean by that? Litecoin, like other cryptocurrencies, loses most of its value every 4 years. It does not differ much from other major projects in this behavior. The only big difference is that Litecoin didn't rise much in 2021, relative to the 2017 peak.

decodx

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

What do you think guys?

Absolutely, it's true that Litecoin has been running smoothly for over a decade and has become a trustworthy alternative to Bitcoin. One of the main advantages of Litecoin is its faster transaction times and lower fees compared to Bitcoin, which is something I personally appreciate. Whenever possible, I use LTC to transfer funds between different platforms I use. This makes it a practical and reliable option for merchants, and I definitely recommend considering it as a payment option alongside other cryptocurrencies like Bitcoin and Ethereum.

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Quote from: Yogee on February 21, 2023, 09:53:29 AM

Quote from: coinremitter on February 21, 2023, 01:37:33 AM

....Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

This is down to the Litecoin's marketing campaign if they want to reach more merchants. I barely read or hear about them in crypto discussions around social media or forums. There are probably more stores accepting Doge now than LTC. I think people somehow lost trust to this project when Charlie sold his LTC before. Development continued but probably never recovered from that in terms of community support.

I don't think it's people's trust that has decreased, it's just that some exchanges have removed trade pairs with litecoin because the developers have implemented an anonymous protocol. But the popularity of LTC among crypto community didn't disappear. On the contrary, many believe that LTC could have a rally this year due to the halving.

vv181

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The recent Litecoin major upgrade is the implementation of MimbleWimble which makes an option to transact LTC privately exists. That makes LTC offers great flexibility for its users, whether they want to utilize the MW or not, it helps the privacy-conscious user. That should boost merchant consideration.

Though, your main point where there is no downtime thus small merchants should use it has an extremely no significant effect. Merchants would be benefited if there is a demand for an LTC payment option, and also, the integration between their business with an LTC payment processor/gateway is easy. Those are the thing we should put in mind about LTC adoption, it is not merely because it has existed for eleven years and there is no interruption.

Yogee

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

....Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

This is down to the Litecoin's marketing campaign if they want to reach more merchants. I barely read or hear about them in crypto discussions around social media or forums. There are probably more stores accepting Doge now than LTC. I think people somehow lost trust to this project when Charlie sold his LTC before. Development continued but probably never recovered from that in terms of community support.

yazher

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

If only there weren't anyone who always creates their shit coins or some coins that have no right plan for the future, LTC and others that really have some real plan might now be getting close to the price of bitcoin. The problem is, there are lots of competitors that always put them as the last choice and they stay at this point even though they were there more than 10 years ago. I don't think LTC will disappear soon but at the same time, it's not really good for investment because it hasn't increased its price up to where the bitcoin price is now, and if ever you want to invest between these two, most people will prefer bitcoin.

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Quote from: coinremitter on February 21, 2023, 01:37:33 AM

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

Many merchants do really have it as their other crypto-accepted payment. If you ever see some signage that they accept bitcoin and Ethereum, Litecoin is very likely that be included in it too. You just have to ask the merchant and for sure that they're aware of it.
I didn't know much about its history and that it has never been disrupted or had some issue of downtime but, as said, it's the silver bitcoin and that's why it's still there and even Charlie Lee left it already. The foundation has already been set for it.

coinremitter

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It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

Topic: Litecoin and no downtime till now in 11 years - page 2. (Read 237 times)