Is Litecoin the new Bitcoin alternative for investors?
Early investors in Bitcoin have been handsomely rewarded for their belief that a decentralized currency could flourish. Despite Bitcoin's volatile nature, it's clear based on the volume of transactions per day (over 50,000) that Bitcoin has gained momentum. This has resulted in continued acceptance and adoption, creating a viable market. Bitcoin transactions per day. This fact has led some people who missed out on the early days of Bitcoin to wistfully wish that they had only been informed sooner, to have known that Bitcoin would rise up, enriching those who got in early. As a result,....
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Is Litecoin Giving Bitcoin a Run for its Money? This question has been on the minds of many players in the cryptocurrency industry. Ever since its introduction, Bitcoin has always been at the top. This can be explained by the fact that it was the first digital currency presented to the public. Consequently, Bitcoin has gone ahead to set the bar for virtually all types of digital currencies that have come after it. Bitcoin also has the highest market share and value of in the alternative currency section. Litecoin has firmly taken the number two slot in the alternative currency industry. At....
The Litecoin Association alongside with the Litecoin core development team, the main entity behind the first alternative cryptocurrency, unveiled an ambitious plan to continue and improve the future of the asset. Te team behind the development of Litecoin, the first alternative cryptocurrency announced the latest roadmap concerning the improvement of the blockchain solution created by Charles Lee. Litecoin is well known for its similarity with Bitcoin. Litecoin was first created in 2011, since then the market capitalization has grown –totalling more than $200 million–. Litecoin is a ‘fork’....
David Sterry has been a bitcoin believer for years. He even founded a bitcoin startup. But when he heard that miner demand was causing monthlong backlogs on certain computer components, he realized it was a big, big moment - not for bitcoin, but for litecoin. The alternative cryptocurrency, created in October 2011 with a few tweaks to the Bitcoin protocol, has seen its value rise and fall in lockstep with bitcoin's. As bitcoin has risen in prominence and in price and become more difficult to mine, new miners have rushed into litecoin as the next best thing - and purchased just about every....
By the end of year 2013, Litecoin looked like the only alternative to its popular counterpart Bitcoin. Traders, who missed the chance of boarding the latter's quick-buck train, hugely looked upon its next-best to repeat the $13-to-$1,100 magic. Everything was working in Litecoin's favor - from favorable media coverage to booming merchant and user adoption. 2014 was indeed supposed to be a smoother ride for the silver coin. But as soon as this year is approaching its end, it is leaving behind quite a daunted version of Litecoin - a complete opposite of what we encountered in 2013. Take the....
For those unaware, Litecoin is an alternative cryptocurrency based off of the Bitcoin protocol. The differences; however, are vast. For instance, Litecoin operates off of the scrypt protocol in its proof-of-work algorithm. The Litecoin network will also produce 84 million Litecoins, which will be four times as many Bitcoins. Litecoin is much faster as well; it processes a block every 2.5 minutes while Bitcoin takes 10 minutes. So why isn't it feeling the success of Bitcoin right now? CCN. Litecoin is, arguably, the second-most popular cryptocurrency in the world. With Bitcoin being the....