Litecoin and Dogecoin to Join Forces for Charity
At 8 a.m. EST today, various Dogecoin and Litecoin members plan to announce a brand new initiative to both raise Christmas money for orphans in the Philippines and unite the crypto communities over a special cause. The charity, deemed "Liteshibes4Christmas," will launch on both the Litecoin subreddit and the Dogecoin subreddit, along with litecointalk.org. The hope is that this charity event will set precedent for all the digital currency communities to join forces and work together for good causes in the future, regardless of differences. Andrew, also known in the Litecoin community as....
Related News
What's happening in the altcoin community this week? Though the market volume doldrums of the past few months don't seem to be clearing away too quickly, development on many projects continues to move forward and the ecosystem diversifies even further. Read on to see some of the latest happenings from around the altcoin space. Litecoin and dogecoin team up for charity. A joint effort to raise money ahead of the holiday season is currently underway, combining the crowdfunding capabilities of both the litecoin and dogecoin communities. The LiteShibes 4 Christmas campaign follows previous....
After months of battling a looming low hashrate on the horizon, Dogecoin developers have decided it is in the currency's best interest to merge-mine with Litecoin using Auxillary Proof-of-Work (AuxPoW). Technically all Scrypt coins with a higher difficulty than Dogecoin will be merge-mined, but only Litecoin holds that criteria making the verbiage on merge-mining clear. Although many in the Dogecoin community wish to break themselves away from the "merge-mining" verb usage, what's true is true. If Litecoin were to disappear tomorrow, AuxPoW would still be in effect for Dogecoin. Until....
Litecoin is clamped firmly between the prices $3.20 and $3.50, and can’t cross any of the two levels. This in turn is leaving traders frustrated as it’s far from ideal.. The two major forces affecting the Litecoin’s price fluctuation: the growth of Bitcoin price from $350 to $360, and the falling of LTC/BTC pair exchange rate from 0.095 to 0.092 in a single day. These forces are interconnected as because of the growth of Bitcoin’s price Litecoin miners are trying to get rid of the cryptocurrency in exchange for the growing Bitcoin. Thus, miners get more profits in fiat equivalent. Bitcoin....
The surprising success of dogecoin has changed the way that miners view the scrypt algorithm. And that's not good for litecoin or doge, according to Charlie Lee. On the dogecoin subreddit, the litecoin creator has proposed merged mining of the coins in order to ensure better security: "Litecoin's security is a lot less than it could be. So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%." What does '51%' mean? When Lee refers to this 51%, he's talking about a '51% attack', an exploit that could be made possible if a miner or a pool could take control....
Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With Donated Cryptocurrency The Binance Charity Foundation has announced a donation of $2.5 million in cryptocurrency for the United Nations Children’s Fund (Unicef). The money will be used to finance the organization’s efforts in Ukraine amid escalating hostilities with Russia that threaten....