Skip to main content

LITECOIN

In contrast with official site Litecoin is peer-to-peer cryptocurrency & open source software design released under MIT/X11 license .Former google employee Charlie Lee has created litecoin in Oct 2011..It went live on Oct 13 2011.The inspiration behind the designing of this project was basically BITCOIN & it's feature are some what identical with Bitcoin .

From the previous record we can make the idea that the growth rate of litecoin is tremedeous. During the month of Nov 13 the aggregate value of litecoin gain massive growth .In view of this graph below we can make the outcome that Litecoin gains a great growth rate till now.

                                 LITECOIN CHART (2013-2018)

Basically Litecoin has various positive features in contrast as in aspect of speed Litecoin transaction over Blockchain in very less in contrast to Bitcoin it takes only 2.5 mins to complete the transaction. Litecoin turned into an attractive investment position as its price rose from the lows and reached prices above $200.
The Litecoin blockchain uses a different hashing algorithm from Bitcoin. Litecoin runs on Scrypt, a more complex calculation mode than the SHA-256 used for Bitcoin.

Litecoin rose sharply in 2017 on the back of Bitcoin and a general enthusiasm for cryptocurrencies starting of 2018 is relatively good . In the past, the price of Litecoin has hovered relatively depressed.
The future of Litecoin is considered stable due to the dedicated technological community and regular updates that increase speed and decrease cost.

Comments

Popular posts from this blog

Bitcoin a 'dangerous speculative bubble ,is it?

Mo n e y   is   a   m a tt er   o f   f a ith,    Bits of paper and computer bytes change hands billions of times a day as a measure of value because we trust the promise that they represent .in today's era of fiat money ,those promises rest ultimately on a guarantee by governments that they are valuable .  that guarantee , as we have seen , is being questioned as the willingness of governments to live up to the promises of fiat currencies is called into question by the deterioration in public finances    We often discuss the ways that new technologies and techniques are being used to improve the digital scenario consecutively  To   t r e at   the   debate   about   the   f ut u re   of  mo ne y   as   a   battle   between econo m i c  truths  is   to   mi s und e r stand   the   nature   of   money  itself. ...

Will it be possible that if Blockchain Technology can remould Global Payments System?

Payments are synonymous with a transaction that is guaranteed by a central authority which can be a bank, a payment wallet or an escrow service. Keeping the chronological timeline under consideration blockchain happens to be at the helm of technological advancement in the financial domain.   A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions. Once completed, a block goes into the blockchain as a permanent database. Each time a block gets completed, a new one is generated. “Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole.” The core value of a blockchain is that it enables a database to be directly shared without a central administrator. Rather than having some centralized application logic, blockchain transactions have their own proof of validity and authorization to enforce the constraints. Hence, with the blockchain acting as a consensus ...

IMPACT OF BITCOIN IN INDIA

Crypto currency exchange operators remain untaxed of  RBI warning that beware of Bitcoin " if India had to ban virtual currencies they would have done by now. in last 3 years, the RBI 's statement has been the same: they are uncomfortable with it and people should invest at their own risk . But tell me who is at risk everyone who has invested in it are making money  and richer now.crypto currency is reality of the power of digital currencies which fast gaining popularity in India & world wide. It is now almost a decade since the first crypto currency, BITCOIN was developed in 2008 by Satoshi Nakamoto, but still, it is believed that we are in the nascent stages of crypto currency and block chain technology. It’s either gifted as an economic saviour of mankind or a complete annihilator of fiat currency. so visit the following links for more expert opinion  of bitcoin. In the last couple of years there has been significant growth in the trading...