Litecoin for beginners: everything you need to know
4 stars based on
64 reviews
Litecoin is an alternative cryptocurrency, and its exponential growth has everyone litecoin the next bitcoin attention. InGoogle employee and MIT grad Charles Lee sought to create a cryptocurrency that Bitcoin investors could get on board with to diversify their portfolios.
Today, Coinbase is one of the most widely known and easy-to-use websites for purchasing and storing bitcoins and litecoins.
The major benefit to investing in Litecoin over Litecoin the next bitcoin is the transaction speed. Litecoin blocks or transactional histories can be generated four times faster than Bitcoin blocks, which makes buying and selling Litecoin extremely fast. Where there can only be 21 million bitcoins, litecoin the next bitcoin million litecoin the next bitcoin can be mined. In order to mine Litecoin, miners must use a completely different algorithm than Bitcoin, called scrypt.
Because large mining conglomerates cannot easily switch between scrypt and SHA Bitcoin mining techit makes it difficult for miners to maximize profits by going back and forth between Litecoin and Bitcoin. To cryptopurists, this is important as it allows for a more decentralized experience. RT to spread awareness! Satoshi Nakamoto is like Shakespeare: It has been speculated that the Bitcoin creator is anywhere from a group litecoin the next bitcoin people to Julian Assange. Creator Charlie Lee caused a stir on Dec.
Lee said the decision was motivated in part by criticism of his tweets about Litecoin, which have major swaying power in the market. And whenever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general.
Lee said he plans to continue working with Litecoin and that this move will allow him better focus his efforts. For more detailed information on how to physically switch your cash to cryptocurrency, check out our explainer on how to invest in Bitcoin. Buying Litecoin is no different and you should get it in a flash!
Claire Downs is a tech reporter who covers the intersection of the internet and pop culture. A third-generation worker in the Chicago futures industry, she specializes in cryptocurrencies and altcoins. Why Litecoin is a smart, fast alternative to Bitcoin. Latest Chrome update may have broken millions of litecoin the next bitcoin games Phillip Tracy — May 7.
Why Litecoin is a smart, fast alternative to Bitcoin Claire Downs —. Litecoin is one of the fasting growing cryptocurrencies on the market. Claire Downs Claire Downs is a tech reporter who covers the intersection of the internet and pop culture. Bitcoin Cryptocurrency Litecoin Technology. Up next after the break: Everything you need to know to understand Bitcoin All of your burning bitcoin questions, answered.
Recommendations Donald Trump Litecoin the next bitcoin vs.
