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- TIMESTAMPS –
02:09 What is Litecoin?
04:53 How Does Litecoin Work?
07:54 Litecoin Privacy
10:11 Litecoin Price Analysis
12:19 Litecoin Price Potential
13:52 Litecoin Pros And Cons
16:39 Litecoin Roadmap
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👨🏫What Is Litecoin?👨🏫
As the name suggests, Litecoin was designed to be a lighter version of Bitcoin. Whereas BTC is a store of value, LTC is meant to be the sound money that people will use for everyday payments
⛓How Does Litecoin Work?⛓
Litecoin is basically like Bitcoin with a few modifications. For starters, instead of the SHA-256 proof of work consensus mechanism, Litecoin uses a special proof of work consensus mechanism called Scrypt
One little-known fact about Litecoin is that DOGE is merge mined with LTC. Without getting into the weeds, merge mining makes it possible to mine two cryptocurrencies without using any extra power
Like Bitcoin, Litecoin has a 4-year halving cycle, meaning the amount of LTC miners get from each block is cut in half. When the first Litecoin block was mined, the reward was 50 LTC
The first halving occurred in August 2015, cutting the block reward to 25 LTC. The second Litecoin halving happened in August 2019, which was cut in half again to 12.5 LTC
The next Litecoin halving is scheduled to take place in August 2023, and though some websites suggest this reduction in supply is the driver behind LTC’s price action, LTC remains highly correlated to BTC
In contrast to privacy coins like Grin, privacy will be optional on the Litecoin blockchain. This will be possible thanks to another technology called ‘extension blocks’
If you want your Litecoin transactions to be private, you can send your LTC to the Mimblewimble extension chain that runs parallel to the Litecoin blockchain and transact on it instead
📈LTC Price Analysis📈
LTC has seen a lot of investment from both retail traders on apps like PayPal, Robinhood, and Revolut. A lot of institutional money has been flowing into LTC via Grayscale’s Litecoin trust, and various LTC ETPs
🤑LTC Price Potential🤑
If you’re wondering how high LTC could go, this really depends on BTC. If BTC pulls a 2 or 3x, I reckon we would eventually see a similar move for most large cap alts including LTC. This works out to about 1k
👀Litecoin Privacy Pros & Cons👀
When Litecoin implements Mimblewimble, it will become a part of cryptocurrency’s privacy payments niche which has much less competition
LTC is one of the easiest cryptocurrencies to get. In addition to being on PayPal, Robinhood, and the Revolut banking app, there are over 15 thousand LTC ATMs around the world
Taken together, this means that when Litecoin adds support for Mimblewimble, LTC could unironically become one of the best privacy preserving currency on the planet. Regulators may not like this
Litecoin’s core developers also seem to be quite active on Reddit, and one of them recently noted that they are in the process of putting together a concrete roadmap
Flare Network is also scheduled to air drop its SPARK token to Litecoiners in June, and this could turn Litecoin into a hotbed for new decentralized applications
In the meantime, The Litecoin Foundation is working on creating new partnerships and expanding LTC’s use cases
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Litecoin #LTC #Crypto #blockchain
Is Litecoin, Litecoin: Is LTC Seriously Underrated? My Take!! 🧐.
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For circumstances physical money is gradually vanishing from our personal monetary worlds. As you know, my Why is to impact others and change the world one heart at a time. For beginners, lets start with some easy equations.
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In the FOREX market there is an unique option called a digital option. Bitcoin If specific criteria are satisfied, a digital option pays a defined Bitcoin amount at expiration. , if the requirements are not satisfied there is no payment..
The word “binary” means “two” so this class of alternatives is properly called. There will only be 2 possible results – they pay you they do not. From time to time they can be called all-or-nothing choices, digital alternatives or fixed-return-options (in the USA).
I understand what you are believing” but these are just bullion coins” or “they are no longer legal tender”. Real, however have you ever heard of ISO 4217? No.didn’t think you had. Well ISO 4217 is the INTERNATIONAL REQUIREMENT which defines currency codes.
We need to be so mindful not to harm the younger genius, rather we should enable mentorship and assistance, if we stop working to do this then we will be losing out on the very best that the next generation has to Cryptocurrency use. Worse, these geniuses might turn against us and since they are brilliant or as clever as our existing most intelligent folks, they might quickly unravel all we are and all we have built out of anger, spite or vengeance. Maybe we should be thinking here. We can coach now, or purchase more authorities, drug rehabs and prisons later, which will cost us 100-fold after the damage is done compared to the minimal cost of appropriate training and mentoring would now.
Because those days lots of things changed. For example physical cash is slowly vanishing from our personal financial worlds. Firstly there were checks. I remembered a time that it was practically unimaginable not to have a check account. Personal check accounts are still around however are quickly vanishing. I have given up my check account a very long time earlier. Nowadays Litecoin the majority of my deals are is done through the virtual world of cash, it is hassle-free and quick and operates with the click of a button.
On the other hand the excellent anxiety of the 1930’s in The United States and Canada was brought on by deflation. Due to the fact that it was backed by gold and silver, in the 1930’s the US dollar still had worth. It was invoice money. A receipt that was backed by the gold and silver allegedly kept in the Treasury vault. At that time the US federal government did not print a great deal of cash to prevent the depression due to the fact that it was technically illegal to do so without adding more genuine cash – i.e. gold to the vault.
Yes, I have decided that I like silver. It is typically called the bad male’s gold, and aren’t all of us a little bad today? As I ruminate over my new found silver discovery I consider my grandpa. He didn’t have area charts, analytical progressions, real- time information, or rooms filled with advisors telling him to hoard silver. He just had a bag of coins that he obtained as a more youthful guy and one important piece of knowledge. they aren’t making them like this any longer.
However there is also some facts that you should understand about the digital market industry. You might be thinking that this is distant memory. This growth is just snowballing and will intensify itself every month!
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