litecoin reddity

Johnson Lau (@johnsonlau01) has been hard at work on adding Smart Crypto-Vault (MAST & Covenants) to Litecoin.Should have demo early July.- )submitted by Go Vap Orphanage SupporterReward-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: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.
bitcoin sec march 11Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (7,153TH/s).
ethereum trillionThe fact is for most of Litecoins history the hashrate has been relatively high and secure.
bitcoin alzaThose comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
litecoin mining hardware for macMany 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.
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Unfortunately this has been detrimental to crypto-space in general.Definitly helps when consensus is needed.Unlike bitcoin, it is possible to make changes to litecoin.
bitcoin mining lion/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify.
bitcoin armory walletYou can sell thousands and not crash the market.
ethereum download wallet/currencies/litecoin/#markets in fact volume has remained high month after month for years.
litecoin for macThe 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.There is a worrisome thread on Reddit right now, which discusses how one user lost 1,000 Litecoin.

and imported it into his Electrum-LTC client.Once the funds were transferred to the new address, it got sent to a third address without the user’s permission.This does not mean LiteAddress is bad, but it goes to show one should not necessarily use online address generators either.Losing 1,000 Litecoin is Absolutely Horrible This entire goes to show how generating a wallet address online can still be risky.Using a third-party online server to create a new address and a private key is not a safe solution. website is compromised by any means, though.It is possible the information was captured to a malware infection on the computer as well.Unfortunately for this Reddit user, it means he lost 1,000 Litecoin by generating an online wallet.Even if he had done so offline, the coins may have still been compromised regardless.Moreover, it is possible his mobile phone was infected with some malware, since he used the portable Electrum-LTC client.Importing the wallet and protecting it with a password won’t do much good if the device used is compromised somehow.