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Do You Have Any Questions?Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.bitcoin lavadoLitecoin is an open source, global payment network that is fully decentralized without any central authorities.bitcoin litecoin futureMathematics secures the network and empowers individuals to control their own finances.mil anuncios bitcoinLitecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.bitcoin private key algorithmWith substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.icp bitcoin

Community Find support across a growing number of Litecoin communities: Litecoin ForumsLitecoin Telegram Reddit Litecoin Search for Users on Twitter IRC FreeNode network channels #litecoin (for general users) and #litecoin-dev (for developers).sell litecoin to euroResources Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.bitcoin check cashingUp-to-date network statistics can be found at Litecoin Block Explorer Charts.moon bitcoin alternativeSource code for Litecoin Core and related projects are available on GitHub.bitcoin game achievementsOpen Source Software Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software.

The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.Blockchain The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin.Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.Wallet Encryption Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.Mining Reward Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).

The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.Updated Video: Multi-cryptocurrency ATM opens in ACT Related Story: ATO decides Bitcoins are not money Map: Canberra 2600 A new ATM has opened in Canberra that accepts and exchanges the three major cryptocurrencies: Bitcoin, Dogecoin and Litecoin.The alternative online currencies are gaining traction nationally, with observers estimating there are close to 50,000 users in Australia.The ATM is the first of its kind in Australia to trade all three digital currencies, but others have appeared in capital cities specifically for bitcoin users.Alex Hume from the group behind setting up the new ATM, Bit2Bit, said more users and businesses were becoming interested in the online currencies."Isuspect that bitcoins are going to take off, and with all these other cryptocurrencies coming on board I think it's going to become a huge part of retail, even in the next five to 10 years," he said.

Bitcoin explained: digital millionaires Can't tell a bitcoin from a blockchain?Read our explainer to see how the cryptocurrency works.Mr Hume said there were at least nine businesses in Canberra accepting bitcoin, including the local bus system ACTION.That is up from only four companies a month ago."There'sa lot of people interested in it, a lot of them are quite young," Mr Hume said.Chris Guzowski from the Australian Digital Currency Commerce Association said there are close to 1,000 Australian businesses that now accept the alternative currencies."Theusage has been very impressive, so it's clearly a technology that people are excited about," he said."Earlyadopters are with enthusiasm telling their friends about it and there's an upward trend of adoption."TheAustralian Tax Office yesterday released guidance notes for bitcoin, and said it would be taxed as a tangible asset but not as a currency.This has raised fears businesses trading in bitcoins would be hit with the GST twice, once for the bitcoins and a second time for the services they offered.

Generally it's as instantaneous as an email and as cheap as an email... It's quite similar to using a credit card, it's not quite as quick as cash in that there's a small process involved.Despite this, Mr Guzowksi estimates there were about 50,000 people using bitcoin in Australia and that that number would grow.He said many users were drawn to cryptocurrencies because they do not incur regular bank fees."Youcan seamlessly immediately send bitcoin like sending an email and you're not charged any processing fees, it's reconciled immediately," Mr Guzowksi said.Chrissie Wittich runs a cafe in the centre of Canberra that has been accepting bitcoin for close to a year.Photo: A new ATM has opened in Canberra that accepts and exchanges the three major cryptocurrencies.She said using the cryptocurrency has been cheap and easy for her business."Ipay fees on the credit card transactions and the debit card, but I don't pay any fees on the bitcoin transactions," she said.Ms Wittich said the system had drawn tech-savvy customers to her cafe and was user friendly for people on either side of the counter."It's

similar to a credit card transaction.I have a tablet that's got the system on it, I just put in the Australian dollar amount and the system converts it to bitcoin [and] a QR code comes up, a customer puts their e-wallet up," she said.Early adopters of cryptocurrencies like Matthew Dunstone believe it is an exciting and underestimated technology."Generallyit's as instantaneous as an email and as cheap as an email," Mr Dunstone said."It'squite similar to using a credit card, it's not quite as quick as cash in that there's a small process involved."Hesaid one of the greatest advantages of cryptocurrencies is that there are no expensive exchange or transaction rates, as cypto-'money' doesn't need to pass through banks or change currencies if it is sent offshore."It'sas low as no costs at all.Sometimes, some transactions can have a very, very small cost," he said.Fellow bitcoin user Peter Clarke said alternative currencies are slowly coming into their own."It'sa good alternative to carrying spare coin in your pocket," he said."The