Litecoin will always have a place as a high value crypotcurrency. The main reason is actually its similarity to bitcoin. Besides some minor differences, it sticks to bitcoin roots, while fixing some of the flaws bitcoin has.
With the recent news of fundinng to hire new developers, we might see some new life flow into litecoin soon.
Topic: ltc/btc ready to launch? (Read 486 times)
Silver is long dead. Stick with gold.
Great coin with lots of positive news lately for those paying attention. Looking forward to what's coming for this coin. Here are my reasons for liking this coin:
- Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.
- Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
- The faster block time of litecoin reduces the risk of double spending attacks.
- Anti-spam.
- Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
- Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
- Upcoming new features and active development look here for whats happening in 2016:
https://litecoinassociation.org/data/roadmap.pdf - Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
- Great community. Definitly helps when consensus is needed.
- Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
- Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins http://coinmarketcap.com/currencies/litecoin/#markets in fact volume has remained high month after month for years.
- The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
- Now on GDAX soon to be on coinbase.
- Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
- Planned anonymity features for an upcoming release. https://www.reddit.com/r/litecoin/comments/53c0v6/confidential_transaction_for_litecoin/
- Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready.
- It's primary function is to be a cryptocurrency.
- Still mineable in many western countries even after electrical costs are factored in. Here in Canada my Titans still make a profit long after shutting my Neptunes down.
- It will always maintain the integrity of the blockchain (no hard forks for special interests).
- Security.
Litecoin is the old, dirty, hole-ridden ball at the playground even your parents used to play with. Sure, a few people will keep playing with it but there are brand new quality balls around to play with.
Basically, LTC doesn't offer anything at all. To me at least, it's a mystery why it's even alive. Though it might all just come down to regular manipulation.
Basically, LTC doesn't offer anything at all. To me at least, it's a mystery why it's even alive. Though it might all just come down to regular manipulation.
Altcoin traders aren't interested in Litecoin now, because there are new coins and new tokens appears from time to time, Crypto world is improving fast and ICO projects managed to introduce successful coins like Ethereum and Ripple which surpassed Litecoin, I think Litecoin still has consideration but not for trading.
When was the last time Litecoin saw a reasonable pump due to actual support? IIRC the last few times it jumped up was due to Chinese manipulation of the currency. Do people even use it anymore? There are better Bitcoin alternatives nowadays...
which are more widely accepted? have greater volume? a couple maybe
When was the last time Litecoin saw a reasonable pump due to actual support? IIRC the last few times it jumped up was due to Chinese manipulation of the currency. Do people even use it anymore? There are better Bitcoin alternatives nowadays...
The silver will be back
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