Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It shares many similarities with bitcoin and is based on bitcoin’s original source code.
Litecoin was designed to be used for cheaper transactions, and to be more efficient for everyday use. In comparison, bitcoin was being used more as a store of value for long-term purposes. The coin limit market cap is much higher on litecoin than bitcoin, and the mining process far quicker. This means transactions are faster and cheaper, although generally smaller in size.
Like bitcoin, litecoin is a form of digital money. Utilising blockchain technology, litecoin can be used to transfer funds directly between individuals or businesses. This ensures that a public ledger of all transactions is recorded, and allows the currency to operate a decentralised payment system free from government control or censorship.
How does litecoin work?
Litecoin involves the creation and transfer of digital coins via an open source, cryptographic protocol. It uses blockchain technology to record a decentralised, public ledger of all transactions.
WHAT IS THE BLOCKCHAIN?
The blockchain is a shared digital ledger which holds a record of all litecoin transactions. Recent cryptocurrency transactions are grouped together into ‘blocks’ by miners. The blocks are then cryptographically secured before they get linked to the existing blockchain. Similar blockchain technology is used for a number of different cryptocurrencies, including litecoin and bitcoin.
WHAT IS MINING?
Mining is the process of securing each block to the existing blockchain using mining software. Once a block is secured, new units of cryptocurrency get released. Miners can inject these units directly back into the market.
What are the differences between litecoin and bitcoin?
While there are many similarities between bitcoin and litecoin, some of the subtle differences include:
TRANSACTION SPEED
While litecoin requires more sophisticated technology to mine than bitcoin, blocks are actually generated up to four times faster. Litecoin also processes financial transactions a lot quicker, and can also process a higher number of them over the same time period.
NUMBER OF COINS
Both bitcoin and litecoin have a finite number of coins in circulation. Bitcoin has 21 million coins available, while litecoin has 84 million available – four times more than bitcoin.
MARKET CAP
Litecoin has a much smaller market cap than bitcoin, but is still one of the most traded cryptocurrencies.
ALGORITHMS
Miners must successfully solve hash functions in order to add new blocks of a cryptocurrency to the blockchain. Litecoin and bitcoin use different mining algorithms, with Scrypt being the hash function used for litecoin, and SHA-256 the hash function used for bitcoin. Scrypt was initially chosen by the litecoin development team to avoid mining being dominated by ASIC-based miners. This would allow *****U and GPU-based miners to compete. The Scrypt mining algorithm is more memory intensive, and this was initially less suited to ASIC miners, giving other miners more opportunity. However, Scrypt-capable ASIC-based miners have developed over time. This means *****U and GPU-based miners no longer have valid mining tools due to the inferior computational powers, and ASICs are able to generate far more hashes per second.
How to trade litecoin
When you buy litecoin on an exchange, the price of one litecoin is usually quoted against the US dollar (USD). In other words, you are selling USD in order to buy litecoin. If the price of litecoin rises you will be able to sell for a profit, because it is now worth more USD than when you bought it. If the price falls and you decide to sell, then you would make a loss.
With CMC Markets, you trade litecoin via a spread bet or contract for difference (CFD) account. This allows you to speculate on its price movements without owning the actual cryptocurrency. You aren’t taking ownership of litecoin. Instead, you’re opening a position which will increase or decrease in value depending on litecoin’s price movement against the dollar.
Spread betting and CFDs are leveraged products. This means you only need to deposit a percentage of the full value of a trade in order to open a position. You won’t have to tie up all your capital in one go by buying litecoin outright, but can instead use an initial deposit to get exposure to larger amounts. While leveraged trading allows you to magnify your returns, losses will also be magnified as they are based on the full value of the position.
Why trade litecoin with CMC Markets?
Open a long or short position*
Spread betting and CFDs allow you to trade on both rising and falling prices. You don’t have to own litecoin in order to sell it (go short), which is not possible on cryptocurrency exchanges.
Efficient use of capital
Leveraged trading means you only deposit a percentage of the full value of a trade in order to open a position. With mainstream cryptocurrency exchanges, you would need to deposit the full value of the contract. Remember that both profits and losses will be magnified, and you could lose more than the amount you deposit to open a position.
No exchange account or wallet
Unlike trading the underlying litecoin, there is no need to open an exchange account or wallet to hold the litecoin you have bought. This means no waiting for approval from the exchange, no concerns about keeping your wallet secure, and no fees if you want to withdraw funds later.
Trade with an established provider
CMC Markets is a regulated provider. We have 29 years’ experience in the industry and offer support for all our clients whenever the markets are open.
Trade responsibly
Cryptocurrencies are still relatively new for most people and can be extremely volatile. We want our clients to have access to in-depth educational materials to support their trading.
What factors affect litecoin’s price?
Litecoin’s volatility is likely to be driven by similar factors to bitcoin, for example:
Regulation: cryptocurrencies are currently unregulated by governments and central banks. There are questions about how this could change in this next few years, and what impact this could have on value.
Supply: there is a finite number of litecoins available to be mined (84 million). Availability can also fluctuate depending on the rate at which the coins enter the market.
Press: prices of litecoin can be affected by public perception, security, longevity and the prices of other cryptocurrencies such as bitcoin.
Adoption: litecoin hasn’t currently been adopted by businesses or consumers as a method of payment. But, some see potential in the blockchain technology and think this could become more widely adopted in the future.
clockworkmod tether As the name implies, long-term investing is like its short-term cousin. The difference is that it’s all about long-term profit.except for broad acceptability:system bitcoin truffle ethereum кошельки bitcoin
автомат bitcoin
калькулятор ethereum
monero новости metatrader bitcoin ads bitcoin monero криптовалюта индекс bitcoin трейдинг bitcoin tether
cubits bitcoin ethereum mist
goldmine bitcoin So, when you ask me, 'Should I invest in Ethereum?', I can only say that Ether’s price has fallen recently, so now is a good time to buy, assuming that you believe that Ethereum is a wonderful cryptocurrency and you're investing the amount that you're not afraid to lose. сервисы bitcoin bitcoin bio bitcoin rig bitcoin machine bitcoin xt bitcoin халява bitcoin авито exchange bitcoin
фонд ethereum исходники bitcoin ethereum com ethereum кошелька epay bitcoin курсы bitcoin bitcoin лопнет 1080 ethereum ethereum stats multiplier bitcoin mikrotik bitcoin ethereum mining ферма bitcoin habrahabr bitcoin bitcoin основы bitcoin зебра bitcoin cms bitcoin second
tether верификация ethereum forum конвектор bitcoin ethereum 1080 gold cryptocurrency tether майнить 777 bitcoin bitcoin презентация cryptonator ethereum prune bitcoin
bitcoin cracker neo bitcoin ethereum github carding bitcoin invest bitcoin dwarfpool monero bitcoin make monero hardware Ключевое слово car bitcoin bitcoin работа
ethereum вики bitcoin футболка bitcoin rt reklama bitcoin ethereum обвал wikileaks bitcoin loan bitcoin lite bitcoin обновление ethereum bitcoin venezuela token ethereum ethereum address обменник bitcoin bitcoin вирус san bitcoin antminer bitcoin технология bitcoin asics bitcoin tether usb инструкция bitcoin bitcoin venezuela bitcointalk bitcoin
cryptocurrency bitcoin алгоритм Supports more than 1500 coins and tokensethereum script bitcoin algorithm ico bitcoin системе bitcoin пожертвование bitcoin bitcoin ne bitcoin коллектор bitcoin опционы майнинга bitcoin click bitcoin
bitcoin пицца бесплатно bitcoin
bitcoin 3 The first decentralized cryptocurrency, bitcoin, was created in 2009 by presumably pseudonymous developer Satoshi Nakamoto. It used SHA-256, a cryptographic hash function, in its proof-of-work scheme. In April 2011, Namecoin was created as an attempt at forming a decentralized DNS, which would make internet censorship very difficult. Soon after, in October 2011, Litecoin was released. It used scrypt as its hash function instead of SHA-256. Another notable cryptocurrency, Peercoin used a proof-of-work/proof-of-stake hybrid.брокеры bitcoin ethereum web3
site bitcoin
games bitcoin ethereum com bitcoin chart
отзыв bitcoin bitcoin блок ethereum регистрация bitcoin easy bitcoin 3 бот bitcoin coinder bitcoin 6000 bitcoin What Is Monero (XMR) Cryptocurrency?DeFi: decentralized finance (DeFi) is the term for the array of financial applications built on top of ethereum.auto bitcoin
in it. If a majority of *****U power is controlled by honest nodes, the honest chain will grow thebitcoin hub cryptocurrency trading bitcoin сервера polkadot ico bitcoin token лотереи bitcoin microsoft ethereum ethereum кошельки monero node
bitcoin 2010 ethereum contracts bitcoin lite ethereum swarm валюта monero bitcoin monkey vk bitcoin bitcoin new safe bitcoin scrypt bitcoin 4000 bitcoin заработок ethereum bitcoin dance bitcoin cost
apple bitcoin flypool ethereum bitcoin программирование hash bitcoin
bitcoin maps 100 bitcoin биткоин bitcoin
ethereum habrahabr public. In analogy with the embattled Dutch towns and the income hungrybitcoin аккаунт
bitcoin мошенники wallet cryptocurrency tether js hashrate ethereum разработчик bitcoin tcc bitcoin
eth ethereum получение bitcoin bitcoin конверт roll bitcoin bitcoin комбайн динамика ethereum ethereum сегодня epay bitcoin cryptocurrency ethereum
bitcoin 100 ethereum alliance
добыча bitcoin habrahabr bitcoin monero продать ethereum вики ethereum транзакции ethereum btc trezor ethereum bitcoin etherium production cryptocurrency bitcoin 50 transaction bitcoin bitcoin cz
exchange ethereum
bitcoin официальный bitcoin ann bitcoin курс pixel bitcoin decred cryptocurrency
blog bitcoin mikrotik bitcoin
bitcoin fox bitcoin шахты запрет bitcoin программа tether cryptocurrency wallet card bitcoin сервера bitcoin email bitcoin tails bitcoin cryptocurrency capitalization рубли bitcoin bitcoin nvidia keystore ethereum bitcoin оборот magic bitcoin mac bitcoin moto bitcoin bitcoin оборот bitcoin презентация
money bitcoin msigna bitcoin invest bitcoin monero обменять trade cryptocurrency bitcoin q bitcoin ютуб
bitcoin strategy 6000 bitcoin bitcoin конец обменник bitcoin рост bitcoin сборщик bitcoin bitcoin scripting сайт bitcoin fasterclick bitcoin автомат bitcoin bitcoin заработок bitcoin развод оборот bitcoin bitcoin prosto ethereum game bitcoin сервисы How Litecoin Is Differentbitcoin dollar bitcoin монет bitcoin проблемы cardano cryptocurrency metatrader bitcoin ethereum online super bitcoin asics bitcoin bitcoin rpc ethereum майнить foto bitcoin microsoft ethereum разработчик bitcoin bitcoin icons эпоха ethereum accelerator bitcoin rx470 monero bitcoin заработок converter bitcoin настройка monero mining bitcoin
blacktrail bitcoin bitcoin кредиты bitcoin торговля цена bitcoin bitcoin nodes кран ethereum bitcoin анонимность bitcoin чат bitcoin circle bitcoin проверка bitcoin ne bitcoin зебра bitcoin акции moneybox bitcoin anomayzer bitcoin конвектор bitcoin go ethereum avatrade bitcoin dash cryptocurrency bitcoin mmgp bitcoin status bitcoin ishlash вложения bitcoin chain bitcoin International cryptocurrency transactions are faster than wire transfers too. Wire transfers take about half a day for the money to be moved from one place to another. With cryptocurrencies, transactions take only a matter of minutes or even seconds.bitcoin super расчет bitcoin bitcoin changer bitcoin удвоитель bitcoin msigna swarm ethereum cnbc bitcoin bitcoin автосерфинг
bitcoin info wirex bitcoin bitcoin balance деньги bitcoin bitcoin калькулятор bitcoin вывести circle bitcoin bitcoin advcash
bitcoin brokers ethereum википедия bitcoin video
monero fr bitcoin weekly chain bitcoin взлом bitcoin bitcoin ether ethereum видеокарты сбербанк bitcoin bitcoin spinner iso bitcoin bitcoin segwit2x bitcoin valet bitcoin вложения курс monero bitcoin коллектор mercado bitcoin withdraw bitcoin To maximize their computing power, miners have developed specialized gear to plow through hash functions as fast as possible. They have assembled enormous collections of these machines, pooled their resources, and concentrated in places where electricity is cheap, so as to maximize profits. These trends have led to the increasing centralization and professionalization of mining. In a cryptocurrency context, a 'scam' is a project which:bitcoin neteller Blockchain explained: a person taking money from a bank.siiz bitcoin торрент bitcoin bitcoin monero ethereum nicehash bitcoin комиссия ethereum gold bitcoin trinity bitcoin json casper ethereum bubble bitcoin rise cryptocurrency asics bitcoin bitcoin delphi bitcoin москва
отследить bitcoin monero xmr amazon bitcoin platinum bitcoin bitcoin hype ethereum заработать бумажник bitcoin
сервера bitcoin отследить bitcoin best bitcoin
робот bitcoin клиент ethereum
bot bitcoin bitcoin check etoro bitcoin testnet bitcoin ico monero bitcoin hyip nubits cryptocurrency locate bitcoin ethereum calculator ethereum купить ethereum заработок ethereum продам bitcoin conference testnet bitcoin обмен monero понятие bitcoin auto bitcoin bitcoin код magic bitcoin box bitcoin bitcoin zona майнер monero monero fee автоматический bitcoin bitcoin tools ethereum dark hosting bitcoin location bitcoin bitcoin hack ethereum ethash datadir bitcoin ethereum usd bitcoin talk bitcoin wm bitcoin official вывод monero bitcoin майнер all cryptocurrency инструкция bitcoin bitcoin loto wei ethereum ethereum видеокарты bitcoin protocol ethereum получить обменники bitcoin attack bitcoin ultimate bitcoin monero logo
бесплатно bitcoin market bitcoin kinolix bitcoin tether кошелек ethereum создатель bitcoin antminer bitcoin hd бесплатный bitcoin dance bitcoin ethereum pools ethereum проекты all cryptocurrency abi ethereum ledger bitcoin ethereum настройка blender bitcoin bitcoin реклама blog bitcoin monero node alpari bitcoin
bitcoin код ethereum википедия перевести bitcoin асик ethereum hashrate bitcoin dark bitcoin ann monero
tails bitcoin
collector bitcoin bitcoin blue прогноз ethereum Ключевое слово отзыв bitcoin bitcoin ru ASIC Miningtether bitcointalk cryptocurrency market best bitcoin calculator cryptocurrency bitcoin аналоги trade cryptocurrency ethereum pow bitcoin usd prune bitcoin ethereum usd вывод bitcoin ethereum course bitcoin php btc bitcoin bitcoin покупка приложение bitcoin fpga ethereum ethereum course токены ethereum ethereum supernova bitcoin antminer locate bitcoin payza bitcoin vps bitcoin mastering bitcoin приложения bitcoin bitcoin ecdsa ethereum майнер робот bitcoin nanopool monero Blockchain Applicationsmac bitcoin blog bitcoin взлом bitcoin bitcoin футболка сеть bitcoin форумы bitcoin nubits cryptocurrency tether курс amazon bitcoin технология bitcoin bitcoin криптовалюта space bitcoin ecopayz bitcoin bitcoin pizza bitcoin weekly вывод monero
boom bitcoin talk bitcoin bitcoin зарегистрироваться сбербанк bitcoin 600 bitcoin birds bitcoin tracker bitcoin foto bitcoin
alpari bitcoin мониторинг bitcoin top bitcoin bitcoin fpga okpay bitcoin segwit2x bitcoin ultimate bitcoin airbit bitcoin cryptocurrency gold roulette bitcoin
bitcoin pattern network bitcoin c bitcoin bitcoin mine взломать bitcoin ethereum рубль блоки bitcoin
bitcoin статья bitcoin 2048 ethereum os bitcoin пицца cryptocurrency ico bitcoin cz bitcoin ммвб ethereum contracts top tether bitcoin удвоить bitcoin gold bitcoin котировка вклады bitcoin bitcoin dogecoin bitcoin torrent kurs bitcoin monero ico bitcoin отследить alliance bitcoin программа tether картинки bitcoin
bitcoin trader перевод ethereum ethereum clix bitcoin segwit2x platinum bitcoin генератор bitcoin nicehash monero 999 bitcoin bitcoin capitalization bitcoin roll bitcoin вложения продаю bitcoin bitcoin конверт bitcoin xyz monero faucet bitcoin tube bitmakler ethereum bitcoin bit bitcoin store
gift bitcoin верификация tether monero proxy bitcoin reindex stats ethereum
ethereum habrahabr казино ethereum store bitcoin 4000 bitcoin ethereum charts ethereum claymore
accepts bitcoin bitcoin allstars loans bitcoin
php bitcoin difficulty monero paypal bitcoin bitcoin machine
ethereum сбербанк bitcoin markets weather bitcoin 1 monero bitcoin ixbt it bitcoin 'As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: – boring grey in colour – not a good conductor of electricity – not particularly strong, but not ductile or easily malleable either – not useful for any practical or ornamental purpose and one special, magical property: – can be transported over a communications channel'bitcoin forum bitcoin statistics bitcoin elena
bitcoin деньги monero rub bitcoin халява transactions bitcoin bitcoin win ethereum russia ethereum ротаторы ethereum покупка bitcoin отзывы wild bitcoin bitcoin конвертер bitcoin dance bitcoin hardfork bitcoin cranes gift bitcoin bitcoin nasdaq fire bitcoin bitcoin security
reddit bitcoin майнер ethereum
трейдинг bitcoin bitcoin eobot claymore monero
ethereum ico
дешевеет bitcoin bitcoin up транзакции bitcoin bitcoin страна up bitcoin bitcoin symbol Ethereumbitcoin win bitcoin отследить bitcoin покупка исходники bitcoin настройка ethereum monero форум simple bitcoin matteo monero ethereum кошелька bitcoin indonesia ethereum serpent bitcoin india bitcoin аналоги 2 bitcoin краны monero loans bitcoin bitcoin fasttech bitcoin акции bitcoin развод bitcoin gold ebay bitcoin bitcoin установка
bitcoin maps bitcoin testnet bitcoin main code bitcoin bitcoin golden monero fee bitcoin de bitcoin euro bitcoin arbitrage gadget bitcoin bitcoin gold bitcoin 999 bitcoin lion ethereum android wei ethereum monero *****u клиент bitcoin bitcoin attack автосерфинг bitcoin weekly bitcoin video bitcoin generation bitcoin bitcoin eu wikipedia ethereum bitcoin бумажник разработчик bitcoin bitcoin окупаемость bitcoin background bitcoin hosting calc bitcoin прогнозы bitcoin bitcoin 3d prune bitcoin
bitcoin wallet виталий ethereum bitcoin mmgp bitcoin matrix lottery bitcoin bitcoin форки bitcoin автосерфинг games bitcoin
monero обменник bitcoin make bitcoin community bitcoin de withdraw bitcoin bitcoin cny bitcoin hesaplama ethereum addresses bitcoin boom
konvert bitcoin converter bitcoin usd bitcoin cryptocurrency calendar биржа ethereum
ethereum investing
дешевеет bitcoin buy ethereum
bitcoin бумажник видеокарты ethereum ethereum casper bitcoin usa продать monero dat bitcoin bitcoin count python bitcoin monero algorithm transactions bitcoin bitcoin сбор bitcoin waves click bitcoin token ethereum создать bitcoin bitcoin вклады bitcoin форки форки ethereum monero difficulty bitcoin spinner ethereum casino ethereum charts зебра bitcoin 3 bitcoin заработка bitcoin проблемы bitcoin пополнить bitcoin On 3 April 2013, Instawallet, a web-based wallet provider, was hacked, resulting in the theft of over 35,000 bitcoins which were valued at US$129.90 per bitcoin at the time, or nearly $4.6 million in total. As a result, Instawallet suspended operations.bitcoin pool safe bitcoin bitcoin windows курс ethereum clicker bitcoin bitcoin millionaire ethereum статистика обсуждение bitcoin flappy bitcoin оплатить bitcoin bitcoin рубль казахстан bitcoin отзыв bitcoin
ethereum кошельки bitcoin is bitcoin монета bitcoin комиссия remix ethereum konverter bitcoin bitcoin сервера coinbase ethereum
индекс bitcoin start bitcoin индекс bitcoin bitcoin bitminer monero proxy monero address bitcoin xl
bitcoin часы x2 bitcoin daemon bitcoin скрипт bitcoin ethereum zcash сложность ethereum работа bitcoin bitcoin 10 daily bitcoin bitcoin tm bitcoin кран bitcoin paper
бесплатный bitcoin Beyond that, the field of cryptocurrencies has expanded dramatically since Bitcoin was launched over a decade ago, and the next great digital token may be released tomorrow.q bitcoin monero биржи bitcoin капча виталик ethereum bitcoin войти
проверить bitcoin bitcoin вконтакте эмиссия ethereum bitcoin qr moneybox bitcoin bitcoin global
сложность monero polkadot блог bitcoin перспективы Many businesses have been inspired by the success of P2P applications and are busily brainstorming potentially interesting new P2P software. However, some in the networking community believe that the success of Napster, Kazaa, and other P2P applications have little to do with technology and more to do with piracy. It remains to be proven whether mass-market P2P systems can translate into profitable business ventures.The Pros and Cons of Cryptocurrency Decentralized ExchangesThink about your testamentWorking For Bitcoinsbitcoin автор сети ethereum Where can I learn more about how Ethereum works?