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.lite bitcoin exchangeLitecoin has the best combination of economic size and technical similarity to bitcoin.On Litecoin, transaction fees are only a few cents.bitcoin how to split walletThis means users can comfortably load only $1 onto our network while still paying negligible fees.litecoin live transactionsThis is a radically lower barrier to entry compared to $100 for bitcoin.membuat website bitcoinLitecoin is one hundred times better for our application today than bitcoin.We are currently migrating our infrastructure from bitcoin to litecoin.the armory bitcoin guns

We would like to thank the developers of litecore, a litecoin-based fork of BitPay’s bitcore, for making this easy for us.bitcoin asic miner for sale(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.Lessons learned on one chain can be applied to the other.Litecoin used to be a top player in the crypto space, branded as the “silver to bitcoin’s gold”.During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin.In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak.

The price of LTC hit an all time high of around $50 on some exchanges.The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply.Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since.Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend.That said, its USD value has remained somewhat stable and consolidating within a tight range.Although litecoin hasn’t been a very good market to trade for most of 2016, it’s possible that this rock is a sleeping giant ready to rise from its slumber.Here are four reasons why litecoin may hit a bullish trend reversal in 2017.Recently the People’s Bank of China cracked down on major crypto exchanges.The result being that they stopped all margin trading and have eliminated the zero fees model.This means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit.

The only way to make profit on the spot markets is to buy low and sell high.Traders can no longer short by selling coins they don’t have.If they want to be a participant in the crypto markets they need to own some coins.The larger bitcoin bull trend is still intact but likely due for several months of consolidation, perhaps forming a large symmetrical triangle.Generally speaking, when the price of bitcoin stabilizes, liquidity shifts into the altcoin markets.As it turns out, the only altcoin market available on the top Chinese bitcoin exchanges (OKCoin, Huobi and BTCChina) is litecoin.Given the choice between the two markets, the percentage gains for moving a smaller cap market like LTC can be much higher.Accumulating litecoin at the bottom of its price range is also a cheaper option than accumulating bitcoin at the top of its range.Game theory would suggest that buying litecoin has more profit potential.Litecoin is the only altcoin that trades more volume in fiat than against BTC.The majority of litecoin’s volume is actually in CNY, which means the markets could take on a life of their own and easily become non-correlated to the price of bitcoin.

Litecoin is currently in the process of trying to help bitcoin’s scaling debate by moving towards the activation of Segregated Witness and Lightning Networks.Litecoin founder Charlie Lee stated in a recent post: “Until SegWit, LN, and Confidential Transactions, I didn’t see a need for Litecoin to come out to help test features before they are on Bitcoin.So I was happy to let Litecoin go on without a lot of development.Hence my tweet about Litecoin not needing development.But with SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock.Litecoin can take a lead and be a positive force in the cryptocurrency space.We have been drafting behind the Bitcoin race car for many years.It’s about time to take a turn out front.” If Litecoin implements these changes before Bitcoin, this will completely change the network’s fundamentals and offer something new to the ecosystem.That alone has the potential to attract market interest from crypto traders.

The Litecoin network’s hash rate is starting to show exponential growth.Sometimes a coin’s price can be correlated to the amount of hashing power on the network.The increased difficulty means that miners need to spend money in upgrading their equipment to be more efficient.If the cost of mining coins is on par or greater than the price, miners will hoard coins instead of immediately selling on the markets.Litecoin is currently the second most secure blockchain in the world and it doesn’t seem like the market value is reflecting this achievement.If there’s one thing that can be said about the markets, it’s that trends don’t last forever.Any market that’s still alive with decent liquidity tends to go through cycles.Litecoin currently ranks #3 for crypto trading volume and is #4 for market capitalization.LTC is currently at its lowest BTC satoshi value in years.Given that this is still one of the top crypto markets, it wouldn’t surprise me to see a bullish trend reversal in 2017.