Litecoin Price Trend Follows Bitcoin Aug 04, 2016 at 09:14 // Price Because of the hack of the Bitfinex exchange on August 2, all cryptocurrencies this week fell.Litecoin’s price fell to the lowest level of the month, but a day later it began recovering as did the other cryptocurrencies.Bitfinex problems brought down the price of Bitcoin first.This gave an impetus to the growth of Litecoin that can be seen on the seven-day chart below, but then LTC began to return to its original position.LTC/BTC  exchange rates for last 7 days: Currently, the Litecoin price is $3.75, which is the minimum price over the last 30 days.But the collapse on Bitfinex alone can’t cause the global long period of decline of cryptocurrency prices.This is a temporary technical factor.Panic, which lasted exactly one day, was over by August 3.But we can’t talk about the resumption of growth either.LTC/USD  exchange rates for last 7 days: As practice shows, any unexpected factors can cause sharp rises in prices and sharp declines in cryptocurrencies, including Litecoin, and these factors are almost impossible to predict.

In January, the performance of Mike Hearn brought down Bitcoin and altcoins.Now we face a problem with safety on Bitfinex.Gradually investor confidence returned and growth begins again.Note that the maximum price of Litecoin in the past two months was $5.67 and Litecoin is capable of reaching it again.LTC/USD  exchange rates for last 50 days: Today we expect LTC to attempt to reach $3.75 - $3.8, which is currently the area of ​​interest to traders.The resistance level is $3.8 and the level of support is $3.65.A break through the resistance level will open Litecoin’s price all the way to $3.9 and $4.0.This will be possible primarily due to the general rise of prices for all cryptocurrency.This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency.0 0 0 0 Send to Mail 0 0 0 0 Send to Mail Apr 20, 2017 at 21:21News Aug 12, 2016 at 15:54Price Mar 19, 2017 at 21:55News Jun 19, 2017 at 17:35News Jul 22, 2016 at 10:00Blockchain

READ MORE ON » worldtechnologySoftware engineeringplaceMicrosoftJPMorganIBMMona El Isa, a former Goldman Sachs trader who runs Melonport AG, which builds software for fund managers who invest in digital assets on Ethereum, is confident that developers can work out any kinks with Casper.bitcoin to steam walletBy Olga Kharif Marco Streng’s computer servers are what make Ethereum tick.ethereum price in gbpThousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains.www bitcoin italia orgWithout these machines, or those deployed by Streng’s biggest rivals, there would be no Ethereum.cs go cheat bitcoin

But mining, as the practice is called, is costly and inefficient and, frankly, a bit weird.And Ethereum’s developers have always envisioned a time in which the cumbersome process of brute-force computing would be replaced by a system that relies simply on collateral.That time, some four years after the network was first proposed, is now.bitcoin not ponzi schemeThe developers want to put this “proof-of-stake” model, called Casper, into place by year-end.thesis on bitcoinThe stakes are high.buy litecoin by credit cardIf Ethereum is going to take advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard.buy bitcoins rbc

Without mining, Ethereum “will be more usable, more secure and more scalable too,” said Vlad Zamfir, who’s been working on Casper since 2014.Secure Transactions The main draw of the blockchain is that it’s a cryptographically secured list of transactions that can be shared, which backers say could dramatically improve how financial services, supply-chain and health-care industries are run.buy bitcoin otc(Think immediate settlement of bank transfers and securities trades, as well as near-real-time tracking of food products or research samples.)Ethereum also allows for the use of “smart contracts,” or pieces of computer code that make the terms of such agreements operate automatically.Miners have been critical to the growth of Ethereum.The market for ether, the digital currency used to pay miners who support the network, has soared 90 per cent this year alone.It’s the second-most popular cryptocurrency behind bitcoin, which has gained 24 per cent in the same span, setting records almost every day as investors look to hedge against potential global uncertainty and hope for a bitcoin-based exchange-traded fund to get regulatory approval.

Even before Ethereum was first released in 2015, developers had envisioned moving away from the mining-based model, known among tech geeks as “proof-of-work.” Tougher Computations As the network gets more popular, the computations the miners need to complete to validate transactions get harder and harder.Not only has this created the potential for bottlenecks, like those already plaguing bitcoin, but it’s also set off an environmentally taxing arms race among the biggest miners, which run server farms consuming vast amounts of electricity.And to many techno-utopian enthusiasts, using all that computing power to continually solve what amounts to pointless problems is a big waste.That’s where Casper comes in.Rather than rewarding miners with the most computing power, the “proof-of-stake” model requires that users put up collateral if they want to collect fees for validating transactions.The more collateral you put up, the more money you can get paid for verifying transactions.

It would take power away from miners like Streng, who have to approve software changes, and make it easier to implement improvements on the fly.A handful of bitcoin miners in China have already hamstrung some attempts to increase that cryptocurrency’s capacity.(Miners can’t vote against the switch.)The move will make Ethereum “more attractive in large-scale applications,” said William Mougayar, author of “The Business Blockchain.” Hyperledger, a blockchain venture with more than than 100 members including IBM, JPMorgan and American Express, could adopt Ethereum’s “proof-of-stake” model if it’s successful, according to Brian Behlendorf, the consortium’s executive director.It could also help put the network in “a league of our own,” Andrew Keys, head of global business development at startup ConsenSys, the world’s largest Ethereum-centric blockchain software engineering company.No Sure Thing Making “proof-of-stake” work is hardly a foregone conclusion.Casper’s rollout has been delayed before.

And the use of deposits potentially increases the risk of hacking.(While Zamfir said he’s working to make sure hackers can’t steal deposits, he couldn’t rule out the possibility, however remote, that an attack could, in effect, delete the money.)Streng, who stands to lose out if Casper is implemented, is wary.“There’s a lot of incentive for people to game the system,” he said.Trust in Ethereum was badly shaken last summer, when a hacker stole millions from a project called the DAO.Developers had to rush to implement a software change, which ended up splitting the Ethereum community in two.Now, each operates its own, separate blockchain.Zamfir says the benefits outweigh the risks.One of the biggest is “transaction finality.” Unlike most blockchain technologies, which require multiple verifications, settlement on Casper can occur much faster.With some enhancements, the feature could ultimately enable Ethereum to process more payments faster -- a key selling point for financial companies.