Yours is like Medium with a pay wall.Our mission is to improve the quality of content on the internet and we believe getting creators and curators paid directly from consumers with no subscriptions and no third-party advertisements is the best way to do this.We have launched an invite-only preview and are planning the full launch on May 30.To make micropayments of one cent, we can’t just use Stripe.Because Stripe’s fees are about 30 cents or higher, a one cent payment to a creator would cost 31 cents and 97% of the money would go to Stripe.So we have developed a micropayments solution on bitcoin.Our solution is like the lightning network, but is not dependent on segwit.We are the first and only group to demonstrate a working routed micropayment on bitcoin today.The marginal cost of a transaction on our network is zero, allowing genuine micropayments of one cent or lower.However, something changed over the past year on bitcoin while we developed our technology.Demand for bitcoin transactions has increased and the maximum block size has remained arbitrarily limited to one megabyte.

So transactions have to compete to get into a block.This has resulted in an increase in the cost for on-chain transaction fees from about five cents to about one dollar.That’s a 20-fold increase in just one year.Since our technology is based on payment channels, we have to create on-chain transactions to onboard and offboard users.Given average transaction sizes on our system, this costs about $3.This means a consumer can’t just put $1 onto the system, because that would not even cover the cost of the bitcoin transaction fees.Users would have to put far more money onto the system to make the fees worthwhile.If the user puts $10 into the system and the channel is primarily for spending, that means the average fee is 30%.In order to reach competitive levels with Stripe or PayPal, the user would have to deposit $100.That is uncomfortably high for a consumer product intended to reach a wide audience with low barrier to entry.And fees are still rising quickly.As such, we have had no choice but to investigate switching to an altcoin before launch.

Litecoin has a large economy and our technology works on litecoin with almost no changes.We like ethereum too, but ethereum is too different from bitcoin for us to easily switch.Litecoin has the best combination of economic size and technical similarity to bitcoin.On Litecoin, transaction fees are only a few cents.This means users can comfortably load only $1 onto our network while still paying negligible fees.This is a radically lower barrier to entry compared to $100 for bitcoin.hourly bitcoin sitesLitecoin is one hundred times better for our application today than bitcoin.We are currently migrating our infrastructure from bitcoin to litecoin.litecoin goes downWe would like to thank the developers of litecore, a litecoin-based fork of BitPay’s bitcore, for making this easy for us.bitcoin maker scam

(Thank you for fixing this bug in particular which prevented us from switching to litecoin until now.)Mainstream apps like Yours will be how a global audience finds economic freedom with blockchain technology.Both on-chain and off-chain scaling will be necessary to achieve this vision.Long-term, litecoin will have the same problem as bitcoin because it too has a limited block size.We intend to help with R&D on both chains to facilitate on-chain and off-chain scaling.bitcoin casino illegalLessons learned on one chain can be applied to the other.ethereum deposit_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote down vote favorite Can you pay with Litecoin at any place that accepts Bitcoin?xmpp bitcoin

If no where can you spend Litecoins?transactions litecoin spending up vote 8 down vote Merchants that only accept Bitcoin, will not accept Litecoin directly.However you can pay any Bitcoin merchant with a 3rd party that automatically converts your Litecoin to Bitcoin.The most well known service of this type is shapeshift.io Merchants can integrate their "shifty" button to make this easier for consumers to use, but the Shapeshift service is available for every consumer wishing to pay a Bitcoin merchant regardless of if they have integrating the Shapeshift API or not.bitcoin chart btc-ehttps://shapeshift.io/shifty_button.html https://shapeshift.io/#/coins up vote 6 down vote While the process of spending Litecoins is extremely similar to Bitcoins, it is an alternative currency without a community accepted fixed exchange to Bitcoin therefore the merchant has to accept the work of conversion.pay in litecoin

To the best of my understanding, Bitpay, bitmit.net and the other major markets and payment portals do not accept Litecoin./index.php?topic=139940.0 up vote 2 down vote ltc and btc are two different crypto currencies and are treated as such.For example, BitInstant currently does NO business in ltc.However, you will find some places like btc-e will deal in BOTH ltc AND btc.protected by Community Thank you for your interest in this question.cach mua tien ao bitcoinBrowse other questions tagged transactions litecoin spending or ask your own question.678Which VPNs Support Litecoin as a Payment Option?()submitted by π Rendered by PID 15485 on app-239 at 2017-06-24 13:16:00.126161+00:00 running 3522178 country code: SG.Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.Litecoin is an open source, global payment network that is fully decentralized without any central authorities.

Mathematics secures the network and empowers individuals to control their own finances.Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to 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).Resources Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.Up-to-date network statistics can be found at Litecoin Block Explorer Charts.Source code for Litecoin Core and related projects are available on GitHub.Open 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).