Reward-Drop ETA date: 18 Aug 2019 13:48:51 Litecoin's block mining reward halves every 840,000 blocks, the coin reward will decrease from 25 to 12.5 coins.You can watch an educational video by the Litecoin Association explaining it in more detail below:- )submitted by to r/litecoinlitecoin @litecoin litecoin @litecoin Unofficial Litecoin News 7 Photos and videos Photos and videos Tweets & replies Media You blocked @litecoin Are you sure you want to view these Tweets?Viewing Tweets won't unblock @litecoin Loading seems to be taking a while.Why Litecoin when there's Bitcoin?(self.litecoin)submitted by I have a feeling that there will be a lot of people new to Litecoin dropping into this sub in the next 24 hours, as people see the LTC/BTC ratio rising.This is the first question on newbies minds, and there was a great response from u/shyliar in a thread a few weeks ago that I want to quote here: I've used both LTC and BTC since 2012.

I started with BTC and then discovered LTC.Even in 2012 there were discussions of the limited transactional capacity of BTC, five years later it's still being discussed.In 2012 having already made a purchase with BTC I was dissatisfied with the slow confirmation times and the necessity of additional coins seemed obvious.I suggest you make a small investment in both coins and try moving them around from wallet to wallet.You'll see the lite/light quickly.Here's a list of reasons I like Litecoin: Capable of eight times as many transactions as Bitcoin in a ten minute period.Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher).Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.

Blocks are not full.The faster block time of litecoin reduces the risk of double spending attacks.Fast well established network.Current Hashrate is 7,153 GH/s.Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256.backup a bitcoin walletFair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (7,153TH/s).bitcoin india allianceThe fact is for most of Litecoins history the hashrate has been relatively high and secure.move bitcoins from coinbaseThose comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.bitcoin terminology

Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users.Unfortunately this has been detrimental to crypto-space in general.Definitly helps when consensus is needed.bitcoin watchdogUnlike bitcoin, it is possible to make changes to litecoin.bitcoin cuantos euros/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify.bitcoin holdem pokerYou can sell thousands and not crash the market.bitcoin rich list top 1000/currencies/litecoin/#markets in fact volume has remained high month after month for years.bitcoin mining gpu overclock

The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.Now on coinbase and will be on bitstamp in June.In a crypto world of premined and ICO releases many appreciate this fact.The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready.It's primary function is to be a cryptocurrency.Still mineable in many western countries even after electrical costs are factored in.Here in Canada my Titans still make a profit long after shutting my Neptunes down.Many low value coins can be merge mined with it increasing profits for miners.It will always maintain the integrity of the blockchain (no hard forks for special interests).Recently activated segwit on it's network with virtually 100 percent consensus.The possibility of utilizing sidechains for smart contracts without the possibility of corrupting the original non-turing complete blockchain.

Potential of using the Lightning Network as a method of increasing transactional capacity.With all the memes and price action posts, I think this is worth posting here again.I've had a really successful week day trading litecoin.Is there anywhere to chat with others day trading?Litecoin (LTC or Ł[1]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[2]Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[2][3]While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network.[4]These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin.[5]Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.[6]

Contents 1 2 3 4 5 6 Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee.It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[7]During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[8]Litecoin reached a $1 billion marketcap in November 2013.[9]As of May 9, 2017, its market capitalization is US$1,542,657,077 at around $30 per coin.[10][11]In May 2017, Litecoin became the first of the top-5 (by market cap) cryptocurrencies to adopt Segregated Witness.[12]Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.[13]

Litecoin version 0.8.5.1 was released in November 2013.The release included fixes for vulnerabilities and added enhanced security to the Litecoin network.The Litecoin developer team released version 0.8.6.1 in early December 2013.The new version offered a 20x reduction in transaction fees, along with other security and performance improvements in the client and network.The source code and binaries were released early to people in the "#litecoin" IRC channel, on the official Litecoin forums, and on Reddit, with information for power users to add a Litecoin supernode to the configuration file, while the main site was to be updated after enough of the network was running the new version.This release method was used to ensure that the low fee transactions from version 0.8.6.1 clients would not be delayed by clients running older versions.In April 2014, a new version of Litecoin was released, version 0.8.7.1, which fixed some minor issues along with an important fix related to the Heartbleed security bug.