Litecoin use? - page 2. | Bitcointalksearch.org

sarmrakib

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Quote from: lobo13hf on August 24, 2020, 01:48:10 AM

Quote from: PointHope on August 23, 2020, 11:01:26 PM

I just answered some of my questions at the litecoin foundation site.

This is obviously a bit one sided info...

What is going on in the real world of LTC?

Is the foundation info pretty straight?

Charlie has clearly stated that the development of litecoin will not be continued due to the company is not having enough funds to do that.

It's the reason actually they can't go up .They don't have enough funds to develop all the sight .We could find any news on the upcoming days if any update happen .But still just silent now .

CryptoTradeOne

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My opinion is that it is best to work with the top 3 cryptocurrencies ... the rest, I think at this stage do not deserve attention and are unlikely to ever deserve.
This is my opinion, which I do not impose on anyone

wiss19

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Quote from: PointHope on August 23, 2020, 10:50:36 PM

When I first discovered crypto. BTC, LTC, DASH, stood out as practical coins.

I don't hear much about LTC nowadays.

Is there a preffered LTC wallet?

Are people using it much?

I still hear more about Litecoin and I do see it on the news more than most of the altcoins.

Anyway that the top ten altcoins are being mentioned you will always see Litecoin being mentioned there, like on Cointelegraph and Coindesk when they are talking about top cryptocurrencies to invest in, or other websites when they are doing technical analysis.

Moreover as for wallets, it’s not every wallet that accepts Litecoin, so you have to look for the ones that does. You can check out Coinbase wallet, they accept Bitcoin, Litecoin, Ethereum and lots of other altcoins.

themohit

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Quote from: lobo13hf on August 24, 2020, 01:48:10 AM

I think that you didn't watch all of the news related to the litecoin development, right? Charlie has clearly stated that the development of litecoin will not be continued due to the company is not having enough funds to do that.
Litecoin will also stuck at this place.

thanks for clarifying, I wasn't paying attention to litecoin neither and didn't know whats happening.
kind of surprising, because the project was a lot bigger than most of alts, yet it still couldn't pull it through

JamalAmal99

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Quote from: tsaroz on August 25, 2020, 12:20:41 PM

And the founder of Litecoin actually sold all of his coins and is no more actively participating in its development.

is this a correct information? where did you get that information?

and if this information is true, I think there is no future for LTC

TravelMug

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Quote from: leyton11 on August 25, 2020, 11:40:36 PM

to me, Litecoin is just a tool for me to transfer money from exchange to wallet with cheaper fee. Besides, I don't see it making any contribution to our lives. The withdraw fee for Litecoin is very cheap, so in the past people used it a lot, it has a simple algorithm and is not as fussy as XRP.
Maybe that is why it has such great value, or possibly followed by the great whales always supporting it.

What if everyone uses Litecoin to withdraw? What do you think of the fee then or even the price?

It could probably see the fee going up as well, but it's good if you have some Litecoin though, gonna be cool if in the future the price picks up. But I will say that as a gambler it has a lot of advantage for withdrawal purposes.

leyton11

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to me, Litecoin is just a tool for me to transfer money from exchange to wallet with cheaper fee. Besides, I don't see it making any contribution to our lives. The withdraw fee for Litecoin is very cheap, so in the past people used it a lot, it has a simple algorithm and is not as fussy as XRP.
Maybe that is why it has such great value, or possibly followed by the great whales always supporting it.

jossiel

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Most multi-currency wallets have Litecoin on their supported coins. Choose the wallet that you are comfortable with and is providing you the recovery words as if something happens and you uninstall the wallet.

Litecoin is still being used this time, the fees are low and it became underrated this time. And is still one of the most preferred altcoins to hold, worrying about it not making some noise? IMO, it's still a quite considerable altcoin to hold.

Yogee

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Quote from: shakesbear on August 25, 2020, 12:15:48 PM

... It would be interesting if LTC also joined DEFI

That would be funny actually. I personally don't see Charlie and the Litecoin dev team to be implementing smart contracts on their blockchain but we don't know what the future holds.

Justin has been copying almost everything from ethereum and just renames them to make it sound tron-like.

CZ and his team has also been working on Binance smart chain. Anything that can be profitable, he copies too just like his copycat buddy Justin.

pixie85

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Quote from: hinghan on August 24, 2020, 04:29:40 AM

Litecoin is main coin i am always like it, i hope it will pumb as ETH!

It used to be because people wanted an alternative to Bitcoin that could be mined with different hardware so they developped scrypt mining.

Now there's so many altcoins that the importance of LTC has disappeared.

Personally I stopped caring 3 years ago when LTC founder sold his coins.

Febo

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Quote from: PointHope on August 23, 2020, 10:50:36 PM

When I first discovered crypto. BTC, LTC, DASH, stood out as practical coins.

All 3 coins are mostly the same. LTC is total BTC copy, DASH is a tiny bit modified. And then there are 1000 other Bitcoin clones. Most popular are Doge and BCH. Usecase of all is totally same. At the very end there will be only one used.

sourish

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Being one of the most settled cryptocurrencies, it’s less risky to invest in Litecoin than in newer currencies. I use it for fast transactions and low transaction fees, also because It is traded on nearly all crypto exchanges.

tsaroz

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Quote from: shakesbear on August 25, 2020, 12:15:48 PM

Commissions in the network are lower, I use LTC to transfer money from exchange to exchange. It would be interesting if LTC also joined DEFI

I don't think Litecoin can be a defi unless they make a swap of coin to another blockchain. Litecoin surely is a preferred coin for low fees transfers as they are quick and accepted on most exchanges. Litecoin is also one of the popular trading pair. But personally I don't see a future for Litecoin. They were introduced as a lighter alternative for bitcoin but now there are multiple of coins that are lighter. And the founder of Litecoin actually sold all of his coins and is no more actively participating in its development.

shakesbear

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Commissions in the network are lower, I use LTC to transfer money from exchange to exchange. It would be interesting if LTC also joined DEFI

Silberman

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Quote from: PointHope on August 23, 2020, 10:50:36 PM

When I first discovered crypto. BTC, LTC, DASH, stood out as practical coins.

I don't hear much about LTC nowadays.

Is there a preffered LTC wallet?

Are people using it much?

There was a moment in time in which litecoin was seen by the community with very good eyes and many thought that bitcoin will become a store of value while litecoin will be in fact the coin of use for your regular transactions, but it seems that is never going to happen and such the biggest use case for litecoin is to be a sandbox for bitcoin, that way we can see if a particular update in the code bitcoin will work and if it does then that code can be added to bitcoin with no issue.

landoffaucets

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I see Litecoin as a testnet for Bitcoin, it has very similar code, Litecoin is a Bitcoin fork with a little bit changed parameters. Many new features were launched on Litecoin at first before it was launched on Bitcoin, so this is probably the only useful use case of Litecoin - testnet for Bitcoin´s development.

Adnan523

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Litcoin(LTC) one of the popular coins now. If you are from European country you can use coinbase wallet. Its best or European. But the problem is coinbase transfer fee is so high. You can also use trustwallet. I used both. Trust wallet has one best benefit that is You can set the fee yourself. You can use 1 satoshi for fee. But It takes a long time to transfer cryptocurrency.

pungopete468

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Me too haven't heard of Litecoin these days and I'm just using it for betting on casino it's great that you opened a thread like these now I know what's happening and news about litecoins.

el kaka22

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Back in the day the use for litecoin was to make the big developments on litecoin first and see how it would work out, if they could make the litecoin version work and there was no trouble, they would make those changes in bitcoin as well, sort of like the blockchain development site for bitcoin developers.

This obviously was seen as a great thing by the litecoin people as well because we are talking about litecoin getting technological breakthrough before anything else and always have the cutting edge technology in the finance world. Obviously after a while all these new coins coming up proved many things and there is nothing litecoin can do to help out bitcoin anymore since it is all out there, so now it is become less useful every single day.

10BTCaDay

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Quote from: Pffrt on August 24, 2020, 09:04:25 AM

There's a plan on starting LTC 2 soon with more privacy focus and some other development. Although Charlie Lee was having some experience by creating LTC, it has turned into great alt of BTC.
For wallet, you can try the Electrum compilation LTC wallet. That's the best in my opinion.

it has become fashionable to launch project 2.0? it seems to me that this is how old projects are trying to attract attention to themselves again, but it's useless. I think that these old coins are no longer interesting to anyone

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