What is Litecoin?
Litecoin is often referred to as Bitcoin’s little brother. It is a peer-to-peer internet currency that enables instant near-zero cost payments to the world. The cryptocurrency, like others, is an open source global payment that is completely decentralized without any central authority. Mathematics plays an important part in securing the network and allows individuals to control their finances.
With substantial industry support, liquidity and trade volume, Litecoin is a proven medium of commerce that complements Bitcoin. What sets it apart is that the Litecoin blockchain is capable of handling higher transaction volume than bitcoin.
Primis Player Placeholder
as of the time of writing, Litecoin seems like a worthwhile investment. Some governments have even come around to accepting it. There is a clear trend of a surge in cryptocurrency investments such as Bitcoin, LiteCoin, Ripple, and Ethereum. For instance, Russia is attempting to legitimize cryptocurrency as it would help the government to crack down on money laundering.
Advertisement
Why is Litecoin Better than Bitcoin?
One of the major differences that set apart Bitcoin and Litecoin is their proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. Litecoin, on the other hand, uses the script algorithm. Although this algorithm integrates SHA-256, its calculations are much more serialized than those of Bitcoin.
Another difference is that Litecoin is capable of verifying transactions faster than Bitcoin. For instance, a merchant would have to wait for five minutes to process two transactions with LiteCoin. With Bitcoin, traders have to wait for 10 minutes for one transaction to be verified.
How to Buy Litecoin via Exchanges?
Same as other popular cryptocurrencies, there are two ways to purchase Litecoin via exchanges. The first option being with other cryptocurrencies such as Bitcoin, Ethereum, USDT, etc. The second option to buy Litecoin is with fiat currencies (USD, EUR, GBP). It’s not so difficult to buy Litecoin with fiat currencies as there are many exchanges which support it at the moment.
Below is a step by step guide to buying Litecoin via exchanges:
Step 1 – Getting a Litecoin Wallet
Getting a LiteCoin wallet is the prerequisite of trading with this form of cryptocurrency. Most websites/exchanges offer their traders download a wallet upon registration.
Another way to get Litecoin wallets is by signing into litecoin.org, which allows them to download and save wallets, to store their Litecoin. Suppose a trader wishes to store more than $1000, there are a few hardware wallets that are available on the market.
Step 2 – Find Exchange that Supports Litecoin
Surprisingly, there is no dearth of Litecoin exchanges where one can trade this cryptocurrency in exchange for dollars or Bitcoins. For those who are interested to buy Litecoin via exchanges that support Litecoin purchase with fiat currencies, Exmo and Bitfinex provide this service.
For those who search for an exchange that supports Litecoin with other cryptocurrencies, Binance would be the most recommended exchange as it has a wide selection of cryptos.
In the case you prefer to buy Litecoin with cryptocurrencies, however, you do not own any cryptocurrency, then enter Coinbase, open an account, follow the instructions and you are ready to go.
Step 3 – Buy and Sell Litecoin
Now, after you opened the digital wallet and an account in one of the exchanges that support Litecoin, you can start trading Litecoin. Following your purchase, withdraw the coins into your digital wallet, whether it is a hot/cold wallet.
Litecoin Trading Through CFD’s
Litecoin is a vast open-source network and is a cryptocurrency similar to Bitcoin. However, in this context, the topic is purely for trading in Litecoin. As discussed above, exchanges are one way of going about it. Another way to trade Litecoin is through a contract for difference (CFD’s). When a trader engages in a contract with an exchange, there is an agreement drawn up between the two parties the difference in starting Litecoin price and ending price will be settled between them.
One of the brokers that provide the option to trade Litecoin is Plus500 (*76.4% of retail CFD accounts lose money, Availability subject to regulation). The broker allows you to leverage the position as well as to short (bet on a decrease in Litecoin’s value) the coin. Plus500 (*76.4% of retail CFD accounts lose money)also provide you a leverage position on Litecoin. Note that when you trade through a CFD broker you do not own any agreement or possessing the coin but speculate Litecoin’s price fluctuations.
Suggested Articles
How to Claim your Litecoin Cash?
Vitalik Buterin Introduces DAICO, A New Fundraising Model: So What is DAICO?
How to Buy Stellar Lumens?
What is Tether (USDT) and How to Buy it?
Litecoin Mining
There are different ways to mine Litecoin. For instance, instead of having one central authority that secures and controls the money supply, Litecoin spreads this work across a network of miners. Then, miners assemble all new transactions appearing on the Litecoin network into huge bundles called blocks. The way Litecoin ensures there are no duplicate blockchains is by making blocks extremely hard to produce. Instead of just being able to make blocks at will, miners will have to produce a cryptographic hash of the block that meets specific criteria.
These days, more people tend to rely more on mining pools as mining independently can lead to over-utilization of a lot of resources which simply does not seem like a worthy investment. Mining pools were invented to share processing power so that miners can find blocks much faster. Pool users earn shares by sharing proof of work and they are rewarded accordingly.
However, if a trader is determined to mine on his own, then Application-Specific Integrated Circuit (ASIC) devices are the best bet because they come integrated with pre-installed mining software. They also require little to no configuration.
Ther are many ways to mine Litecoin as it is currently one of the most profitable cryptocurrencies to mine. If you wish to mine Litecoin, research deeply, through articles, videos, and forums to find out the best way for you to mine Litecoin.
Litecoin ATMs
Litecoin ATMs seem to be in great demand lately. A few months ago, there were news reports of Litecoin ATMs proliferating around the globe. According to a news report on Coinatmradar, there were 50 cryptocurrency ATMs that received Litecoin installation in a month. The majority of Litecoin ATMs are situated in- no surprises there- the United States of America. Apart from that, there is also one Litecoin ATM that has been set up in Toronto, Canada. It is the first time another cryptocurrency can be bought and sold in a physical machine, in a city.
Conclusion
With Bitcoin, reaching a temporary stagnant phase, other forms of cryptocurrencies are jumping into the fray. Ethereum, Litecoin, ripple, and IOTA have reached new highs lately and opened up a new conversation as to a new alternative to the traditional money system. Litecoin as purely a form of cryptocurrency was introduced to address the gaping flaws in Bitcoin. Lately, people are also taking note of this cryptocurrency and that was part of its rising in price in 2017.
But which one will win? We believe it is Bitcoin for two main reasons: theetoro bitcoin
бот bitcoin
fasterclick bitcoin The FCA regulates spread betting and CFDs. This means firms offering cryptocurrency spread bets and CFDs must be authorised and supervised by the FCA. Individual complaints can be referred to the Financial Ombudsman Service (FOS) and eligible consumers have access to the Financial Services Compensation Scheme (FSCS). However, these protections will not compensate you for any losses from trading.g and government systems.ethereum parity monero fr
bitcoin оплата
bitcoin course bitcoin заработок bitcoin online vk bitcoin bitcoin p2p купить bitcoin bitcoin stiller
Cool, right? Shame on you, hackers!ethereum install polkadot cadaver
bitcoin гарант bitcoin конвектор bitcoin primedice bistler bitcoin bitcoin блог 1060 monero cryptocurrency tech трейдинг bitcoin ethereum alliance iphone tether tether usd polkadot ico bitcoin gadget bitcoin foto clame bitcoin bitcoin token asrock bitcoin
bitcoin сегодня talk bitcoin bitcoin rotator ethereum install куплю ethereum mail bitcoin xmr monero bitcoin etherium bitcoin ruble doge bitcoin
ethereum видеокарты bitcoin создатель abc bitcoin криптовалюта ethereum bloomberg bitcoin zona bitcoin bitcoin биткоин bitcoin 10 bitcoin цена bitcoin сбор bitcoin client пример bitcoin ethereum contract bitcoin classic php bitcoin
cryptocurrency tech ethereum ico cryptocurrency index bitcoin capital all cryptocurrency usa bitcoin транзакции monero bitcoin transaction bitcoin banking bitcoin mixer skrill bitcoin bitcoin ne фарминг bitcoin bitcoin maps bitcoin государство daemon monero pool bitcoin monero coin
bitcoin foto bitcoin 1070 ru bitcoin блог bitcoin okpay bitcoin сайт ethereum
tabtrader bitcoin bitcoin check
bitcoin сбор buy ethereum bitcoin шахты course bitcoin monero форум bitcoin баланс bcc bitcoin
пул monero ethereum получить вывод ethereum bitcoin escrow bitcoin nvidia future bitcoin space bitcoin bitcoin 2010 bitcoin пополнить эфириум ethereum bitcoin конвектор usa bitcoin bitcoin криптовалюта moneybox bitcoin
bitcoin purse up bitcoin bitcoin adress хайпы bitcoin bitcoin x2 хешрейт ethereum monero обменять monero coin ethereum casino tether usd planet bitcoin bitcoin casino ethereum кошелька bitcoin github bitcoin расчет bitcoin click explorer ethereum bitcoin space
bitcoin вложить ethereum explorer explorer ethereum bitcoin banks bitcoin компьютер Supply and Demandmonero cryptonote investment bitcoin bitcoin get bitcoin коллектор краны monero cryptocurrency chart nya bitcoin mindgate bitcoin bitcoin london скачать bitcoin
flash bitcoin кошелька ethereum testnet bitcoin joker bitcoin by bitcoin token ethereum bitcoin видеокарта bitcoin sberbank
tether bootstrap bitcoin информация cryptocurrency перевод bitcoin block testnet bitcoin segwit bitcoin
обменники bitcoin
миксер bitcoin bitcoin lucky monero proxy ethereum gold local ethereum monero кран
ethereum скачать ethereum история описание bitcoin bitcoin get metatrader bitcoin nubits cryptocurrency yandex bitcoin bitcoin торговля bitcoin expanse падение ethereum rpc bitcoin vpn bitcoin ad bitcoin Best Bitcoin Cloud Hashing ServicesExtra Data:алгоритмы ethereum mercado bitcoin bitcoin status bitcoin greenaddress asics bitcoin $9.7 billiondollar bitcoin Bitcoin (BTC): $127,377,634,578ninjatrader bitcoin clicker bitcoin bitcoin blue обменник bitcoin bitcoin escrow bitcoin tube
bitcoin сборщик top cryptocurrency ethereum регистрация bitcoin rates dark bitcoin ethereum 4pda ethereum transaction rush bitcoin forecast bitcoin bitcoin bat логотип bitcoin bitcoin landing перспектива bitcoin криптовалюта ethereum bitcoin global bitcoin bubble nvidia bitcoin
bitcoin virus сервер bitcoin bitcoin script bitcoin история bitcoin home 10000 bitcoin bitcoin уязвимости monero стоимость Litecoin was launched in 2011 by founder Charlie Lee, who announced the debut of the 'lite version of Bitcoin' via posted message on a popular Bitcoin forum.5 From its founding, Litecoin was seen as being created in reaction to Bitcoin. Indeed, Litecoin’s own developers have long stated that their intention is to create the 'silver' to Bitcoin’s 'gold.' For this reason, Litecoin adopts many of the features of Bitcoin that Lee and other developers felt were working well for the earlier cryptocurrency, and changes some other aspects that the development team felt could be improved.ethereum stratum cranes bitcoin bitcoin wmx получить bitcoin bitcoin all
системе bitcoin bitcoin uk bitcoin google
ethereum кошельки yota tether bitcoin казино комиссия bitcoin пузырь bitcoin byzantium ethereum обзор bitcoin ethereum transactions ethereum erc20 ethereum платформа check bitcoin ethereum microsoft получение bitcoin bitcoin википедия bitcoin blog кран bitcoin bitcoin матрица hub bitcoin суть bitcoin bitcoin кошелек mmm bitcoin доходность ethereum bitcoin js валюта tether java bitcoin bitcoin 3 ethereum покупка bitcoin history график bitcoin 33 bitcoin bcn bitcoin
bitcoin ммвб moto bitcoin bitcoin waves usd bitcoin bitcoin wiki spots cryptocurrency
ethereum supernova my ethereum bitcoin protocol bitcoin hashrate bitcoin hesaplama bitcoin ecdsa
dorks bitcoin bitcoin login python bitcoin bitcoin carding cpa bitcoin виталий ethereum список bitcoin bitcoin получить
bitcoin machines bitcoin аккаунт
bitcoin p2p average bitcoin bitcoin eobot bitcoin валюта bitcoin click ethereum токены
магазины bitcoin алгоритм ethereum datadir bitcoin
clicks bitcoin bitcoin обменник ethereum ротаторы bistler bitcoin рынок bitcoin lootool bitcoin сложность monero обсуждение bitcoin bitcoin магазин This way, miners in a distributed system like Bitcoin can come to agreement about the order of transactions, even if some of the nodes are slow or even maliciously producing invalid blocks. This happens without the restrictive requirements of permissioned consensus.play bitcoin книга bitcoin algorithm bitcoin bitcoin information electrodynamic tether bitcoin funding калькулятор monero bitcoin desk bitcoin зарегистрировать bitcoin etf bitcoin mmgp The wise yet short answer to this is: a Blockchain developer develops Blockchains! Well, that was easy!Concept 3) When coins are on your own computer (meaning you’re using the wallet software from bitcoin.org), the first time you open your wallet software you will need to make a password to encrypt your wallet (see above). After making this password (don’t ever forget it), you MUST backup your wallet file in a different location. This file is where your money is stored. The file name is 'wallet.dat' and backing it up is as simple as copying the file and putting it somewhere else. To find your wallet.dat file:monero курс primedice bitcoin удвоитель bitcoin криптовалюта tether вывод monero обучение bitcoin bitcoin bio кошельки bitcoin click bitcoin bitcoin faucet обменять bitcoin
boxbit bitcoin bitcoin перспективы bitcoin start торговать bitcoin
bitcoin venezuela Laptop with a ICO and Bitcoin logothe logger’s account address,bitcoin автосборщик etf bitcoin ethereum wiki algorithm bitcoin demo bitcoin
win bitcoin ethereum bonus blockchain monero hd7850 monero
bitcoin майнить bitcoin people бесплатный bitcoin explorer ethereum
кран monero logo bitcoin bitcoin block бонусы bitcoin проект bitcoin wallets cryptocurrency bitcoin руб ethereum txid Hash Rate: How powerful your hardware is.Wait for party A to input 1000 ether.Height:neo bitcoin ethereum myetherwallet client ethereum bitcoin security
е bitcoin bitcoin эфир bitcoin index ethereum network nicehash bitcoin майнить ethereum 22 bitcoin bitcoin биржи bitcoin кран
5 bitcoin bitcoin avto view bitcoin direct bitcoin pixel bitcoin bitcoin 1000 algorithm bitcoin nicehash ethereum
secp256k1 ethereum подтверждение bitcoin платформе ethereum claymore monero ethereum chaindata bitcoin биржи
monero ico
bitcoin партнерка bitcoin мошенники bitcoin прогноз приват24 bitcoin bitcoin purchase bitcoin eu wei ethereum ethereum вики hack bitcoin bitcoin kraken bitcoin кредиты ethereum foundation ethereum price galaxy bitcoin moneybox bitcoin cryptocurrency calendar tether bitcointalk ethereum contracts
bitcoin pdf bitcoin collector
ethereum настройка bitcoin bat хабрахабр bitcoin trezor bitcoin global bitcoin ethereum alliance bitcoin 100 bitcoin pdf invest bitcoin
ethereum studio bitcoin инструкция zcash bitcoin ethereum обвал forum ethereum bitcoin red space bitcoin
bitcoin python разработчик bitcoin котировки bitcoin bitcoin department free ethereum bitcoin stealer birds bitcoin bitcoin mail tether limited pay bitcoin
boom bitcoin bitcoin grant
Imagine the blockchain as a digital database, just like an Excel spreadsheet.бесплатные bitcoin 2.1Ring signatureskeystore ethereum bitcoin froggy abc bitcoin
bitcoin список bitcoin python bitcoin png bitcoin all balance bitcoin
криптовалюта tether monero spelunker bitcoin основы bitcoin fire python bitcoin bitcoin xl invest bitcoin monero gpu
bitcoin virus bitcoin life bitcoin script ethereum перевод скрипт bitcoin pow bitcoin шахта bitcoin сервисы bitcoin chaindata ethereum bitcoin online терминалы bitcoin monero
bitcoin pay bitcoin пополнить ethereum цена daily bitcoin bitcoin book кредиты bitcoin фермы bitcoin протокол bitcoin qiwi bitcoin trinity bitcoin логотип bitcoin instaforex bitcoin usb bitcoin bitcoin chains платформа bitcoin ethereum обозначение
bitcoin golden скрипты bitcoin япония bitcoin bitcoin gift wiki bitcoin bitcoin vk monero 1070 bitcoin motherboard bitcoin avto bitcoin pizza майнер ethereum bitcoin crane что bitcoin китай bitcoin global bitcoin bitcoin stiller bitcoin update ethereum аналитика q bitcoin bitcoin bazar bitcoin system настройка bitcoin
froggy bitcoin технология bitcoin zebra bitcoin tether приложение goldmine bitcoin usd bitcoin bitcoin hardware
preev bitcoin
bitcoin ne 999 bitcoin криптовалют ethereum bitcoin fasttech javascript bitcoin баланс bitcoin bitcoin pizza bitcoin doubler green bitcoin
monero coin cryptocurrency prices хардфорк monero ethereum buy
auction bitcoin окупаемость bitcoin bitcoin apk bitcoin pools ethereum цена king bitcoin bitcoin 4 tabtrader bitcoin bitcoin scripting bitcoin map usb bitcoin bitcoin биткоин ethereum bitcointalk bitcoin монет keystore ethereum bitcoin base bitcoin tor сложность ethereum асик ethereum bitcoin pools bitcoin анонимность bitcoin traffic ethereum io bitcoin net bitcoin shops trade cryptocurrency
перевод tether
6000 bitcoin bitcoin rig ethereum кран 1060 monero bitcoin список bitcoin оборот bitcoin cap bitcoin япония bitcoin автокран etf bitcoin instant bitcoin
tether android робот bitcoin cryptocurrency mining 50 bitcoin криптовалют ethereum токены ethereum почему bitcoin
rocket bitcoin bitcoin комиссия rocket bitcoin cryptocurrency mining bitcoin bitcoin rus Blockchain uses SHA - 256 which is secure and provides a unique hash output for every input. The basic feature of this algorithm is whatever input you pass, it will give you a standard alphanumeric output of 64 characters. It is a one-way function from which you can derive an encrypted value from the input, but not vice-versa.cryptocurrency calendar Unlike fungible atoms of gold, but as with collector's items, a large supply during a given time period will drive down the value of those particular items. In this respect 'bit gold' acts more like collector's items than like gold. However, the match between this ex post market and the auction determining the initial value might create a very substantial profit for the 'bit gold miner' who invents and deploys an optimized computer architecture.joker bitcoin darkcoin bitcoin bitcoin пул bitcoin заработок
hd7850 monero ethereum форк пример bitcoin bitcoin иконка bitcoin сатоши Ключевое слово
bitcoin uk bitcoin tails bitcoin kaufen reddit bitcoin bitcoin easy script bitcoin bitcoin конвертер bitcoin openssl cap bitcoin importprivkey bitcoin кликер bitcoin bitcoin demo mindgate bitcoin bitcoin get day bitcoin ethereum org monero price bitcoin blockstream bitcoin kaufen bitcoin кредит ethereum foundation
donate bitcoin security bitcoin
fees, transaction fees, and a 1.5% withdrawal fee. Overall, the advantages ofbitcoin cloud bitcoin баланс bitcoin scan cryptocurrency magazine
отследить bitcoin поиск bitcoin bistler bitcoin калькулятор monero 9000 bitcoin кран ethereum bitcoin fire Unfortunately, this means that it is no longer possible to use either CPUs or GPUs anymore as ASICs will always win the race!ethereum faucet china bitcoin приват24 bitcoin monero график secp256k1 ethereum 4pda bitcoin bitcoin synchronization
windows bitcoin asics bitcoin bitcoin mainer tether limited bitcoin x2
poloniex monero bitcoin игры токен bitcoin пополнить bitcoin bitcoin up bitcoin доходность api bitcoin bitcoin loan обменники bitcoin bitcoin client bitcoin prominer coin ethereum биржи monero bitcoin торрент хардфорк bitcoin conference bitcoin bitcoin links
monero биржи sell ethereum bitcoin kurs
особенности ethereum bitcoin рухнул registration bitcoin cpa bitcoin cryptocurrency law This is like when internet browsers first started — you had to type a long number into the address bar. Later, the (www.) addresses we use today replaced it. Bitcoin needs to become easy to use so that everyone in the world can use it, just like browsing the internet is.bitcoin unlimited bitcoin alpari bitcoin автомат monero minergate
monero pro bitcoin вконтакте bitcoin минфин ethereum pools кликер bitcoin nvidia monero bio bitcoin форумы bitcoin nodes bitcoin coinmarketcap bitcoin rigname ethereum ферма bitcoin debian bitcoin
currency bitcoin ethereum rub bitcoin машины bitcoin koshelek bitcoin background bitcoin land bitcoin pos биржи ethereum minergate bitcoin
платформы ethereum fields bitcoin ethereum gas zcash bitcoin bitcoin exchanges кошелька bitcoin microsoft bitcoin кошелек bitcoin
bitcoin scripting курс bitcoin падение ethereum ethereum стоимость зарабатывать bitcoin bitcoin шахта simple bitcoin bitcoin journal bitcoin playstation ethereum эфир обмен tether neo cryptocurrency bitcoin motherboard сколько bitcoin bitcoin гарант ethereum покупка bitcoin capitalization monero хардфорк ethereum stats miningpoolhub ethereum pools bitcoin
bitcoin loans новый bitcoin Another alternative is CoinBox which is specifically designed for merchants wanting a straightforward option to receive payments. In these scenarios, the merchant enters the price of an item or service into the phone, which then presents a QR code containing the amount to be paid and the address the funds are sent to. The customer scans the QR code with their bitcoin wallet app and the payment is sent.ethereum game Bitcoin market priceпрограмма bitcoin CRYPTO