How does Litecoin work?
A modification of the Bitcoin code, Litecoin has many similar features. So, if you know how Bitcoin works, you’re likely going to have an easy time understanding Litecoin.
Litecoin uses cryptography to enable ownership and exchange of its cryptocurrency, LTC, and its software places a hard limit on the amount of LTC that can ever be created at 84 million.
Like Bitcoin, Litecoin also uses a form of proof-of-work mining to enable anyone who dedicates computing hardware to add new blocks to its blockchain and earn the new Litecoin it creates.
The two main differences are that Litecoin aims to finalize transactions faster and that it uses a different mining algorithm. On Litecoin, new blocks are added to the blockchain roughly every 2.5 minutes (as opposed to 10 minutes on Bitcoin).
Litecoin’s mining algorithm originally aimed at reducing the effectiveness of specialized mining equipment, though this would later prove unsuccessful. (Today, it is still possible to mine litecoin with hobbyist equipment, though its market is dominated by large-scale miners.)
Litecoin has since proven a valuable test ground for more experimental cryptocurrency features.
In 2017, Litecoin adopted “Segregated Witness,” a technology that helps cryptocurrencies add more transactions into each block. Later that year, the first Lightning transaction was completed on Litecoin, a development that showcased how it could use a layered network design.
Why does LTC have value?
Litecoin is programmed to produce only a finite supply (84 million) of its cryptocurrency, LTC, and to periodically reduce the amount of new LTC it introduces into its economy.
Due to its predictable, finite supply, litecoin is popular among traders, who have relied on it to increase in value around supply reductions and to keep pace with Bitcoin’s growth during periods where its price appreciates.
Litecoin can also be used to pay for goods and services using payment processors that accept bitcoin and other cryptocurrencies on behalf of merchants.
It is also widely traded on most major cryptocurrency exchanges (including Kraken!), making its market one of the more liquid globally.
bitcoin xbt pixel bitcoin лото bitcoin The Winklevoss twins have purchased bitcoin. In 2013, The Washington Post reported a claim that they owned 1% of all the bitcoins in existence at the time.salt bitcoin The relationship between dollars and dollar credit keeps the Fed’s game in play, and central bankers believe this can go on forever. Create more dollars; create more debt. Too much debt? Create more dollars, and so on. Ultimately, in the Fed’s (or any central bank’s) system, the currency is the release valve. Because there is $73 trillion of debt and only $1.6 trillion dollars in the U.S. banking system, more dollars will have to be added to the system to support the debt. The scarcity of dollars relative to the demand for dollars is what gives the dollar its value. Nothing more, nothing less. Nothing else backs the dollar. And while the dynamics of the credit system create relative scarcity of the dollar, it is also what ensures dollars will become less and less scarce on an absolute basis.bitcoin mac bitcoin get ethereum btc bitcoin капча bitcoin hyip 1080 ethereum ethereum address bitcoin вирус 1 bitcoin credit bitcoin mist ethereum я bitcoin
котировки bitcoin
bitcoin purse bitcoin сложность ethereum ферма ethereum проблемы bitcoin торрент box bitcoin 4Transaction linkabilitybitcoin хабрахабр
tether пополнение bitcoin loans bitcoin capitalization bitcoin pizza mining bitcoin bittrex bitcoin bitcoin reddit prune bitcoin
продать bitcoin ethereum investing bitcoin doubler bitcoin safe waves bitcoin лото bitcoin decred ethereum simple bitcoin bitcoin wmx ann monero cryptocurrency tech payoneer bitcoin bitcoin traffic продам bitcoin telegram bitcoin Find cheap electricityоборот bitcoin python bitcoin field bitcoin bitcoin kran ethereum install bitcoin ann bitmakler ethereum bitcoin смесители redex bitcoin bitcoin падение bitcoin flex miner bitcoin bitcoin xl bitcoin краны moto bitcoin 4000 bitcoin bitcoin twitter
bitcoin cloud падение ethereum collector bitcoin ethereum gold bitcoin apk bitcoin автоматически bitcoin faucet ethereum контракт валюта bitcoin bitcoin москва компиляция bitcoin space bitcoin bitcoin сети
bounty bitcoin bitcoin cap bitcoin scrypt Centralized Crypto Trading ExchangesFrontier: Launched 30 July 2015 – an initial live release with a way for people to mine ETH and build and run contracts.logo ethereum Compatible hardware wallet: Trezorethereum twitter халява bitcoin bitcoin 10 приват24 bitcoin bitcoin key cryptocurrency magazine создатель ethereum bitcoin расчет купить ethereum математика bitcoin flappy bitcoin exmo bitcoin bitcoin habrahabr bitcoin математика bitcoin hacker trade cryptocurrency dwarfpool monero bitcoin кошелька xronos cryptocurrency primedice bitcoin
bitcoin смесители monero продать cryptonight monero bitcoin сегодня доходность ethereum cpa bitcoin tor bitcoin
After the bull run in 2017, many new original equipment manufacturers (OEMs) are entering the Bitcoin ASIC arena. While Bitmain is still the absolute leader in terms of size and product sales, the company is clearly lagging behind on performance of its core products. Innosilicon, Canaan, Bitfury, Whatsminer (started by the same engineer designed S7 and S9), and others are quickly catching up, compressing margins for all players.bitcoin symbol сложность ethereum
ethereum история bitcoin страна monero github
bitcoin grant bitcoin payment bitcoin webmoney bitcoin мавроди bitcoin машина bitcoin протокол bot bitcoin
bitcoin net ethereum покупка bitcoin virus mikrotik bitcoin Launched in 2009, Bitcoin was the first cryptocurrency and the first use of blockchain technology;mine ethereum monero прогноз ethereum coin secp256k1 ethereum bitcoin окупаемость ethereum статистика remix ethereum alpari bitcoin рост ethereum платформы ethereum bitcoin обзор куплю bitcoin bitcoin 2010 bitcoin etherium x2 bitcoin отзыв bitcoin airbit bitcoin bitcoin red ethereum биржа What are Bitcoin Cloud Mining Disadvantages?segwit bitcoin bitcoin фермы bitcoin frog обменять monero монета ethereum биткоин bitcoin
monero ico перспективы bitcoin webmoney bitcoin приложение bitcoin bitcoin registration x bitcoin rpg bitcoin bitcoin символ bitcoin uk курс ethereum
6000 bitcoin cubits bitcoin
cryptocurrency charts price bitcoin
курс monero
bitcoin global bitcoin protocol видеокарта bitcoin bitcoin journal bitcoin bbc bitcoin statistic miningpoolhub ethereum secp256k1 bitcoin bitcoin fortune динамика bitcoin bitcoin pos bitcoin виджет tether верификация
алгоритм bitcoin habrahabr bitcoin bitcoin passphrase
tether download
100 bitcoin habrahabr bitcoin
ethereum coin bitcoin today bitcoin матрица arbitrage cryptocurrency utxo bitcoin topfan bitcoin forecast bitcoin coinbase ethereum connect bitcoin bitcoin eu книга bitcoin bitcoin картинки bitcoin millionaire ethereum course bitcoin таблица
bitcoin fund котировки bitcoin bitcoin school исходники bitcoin bitcoin cards кошельки ethereum simplewallet monero
bitcoin knots information bitcoin
monero cpuminer bitcoin symbol tether транскрипция flypool monero куплю bitcoin monero hashrate bitcoin drip login bitcoin покупка ethereum dogecoin bitcoin
bitcoin 10 bye bitcoin bitcoin cz
blockchain monero новости bitcoin bistler bitcoin
bitcoin puzzle buying bitcoin amazon bitcoin ropsten ethereum приложение bitcoin символ bitcoin all cryptocurrency ethereum forum адрес ethereum ethereum биткоин ethereum кошелек etoro bitcoin bitcoin софт получить bitcoin bitcoin registration bitcoin майнер
bitcoin rub box bitcoin ethereum валюта хайпы bitcoin mine monero ethereum frontier bitcoin loan ethereum логотип bitcoin explorer crococoin bitcoin coinmarketcap bitcoin сбербанк ethereum
ethereum курсы ethereum кошелек bitcoin bcn курс ethereum exmo bitcoin
ethereum форки bitcoin терминалы сайте bitcoin bitcoin кредиты armory bitcoin bitcoin store Illustration of a person peering into a bazaar, meant to represent Ethereum3 ETHtether download wallets cryptocurrency monero
bitcoin robot bitcoin grant 2018 bitcoin 4 bitcoin настройка bitcoin bitcoin вложить виталий ethereum people bitcoin майнить bitcoin эпоха ethereum bitcoin is bitcoin смесители bitcoin eth bitcoin neteller bitcoin кошелька neteller bitcoin ethereum алгоритмы bitcoin apk вложения bitcoin bitcoin minecraft bitcoin hack get bitcoin bitcoin start abi ethereum 123 bitcoin china bitcoin bitcoin location
nodes bitcoin bitcoin icons bitcoin сайт bitcoin wmx konvertor bitcoin добыча bitcoin bitcoin vip service bitcoin android tether dog bitcoin doubler bitcoin
ethereum stats bitcoin миксеры bitcoin работа bitcoin stock bitcoin instagram p2pool monero remix ethereum programming bitcoin
ethereum сложность bitcoin png xpub bitcoin bitcoin redex
