Coming onto the market shortly after Bitcoin, and carrying a similar name, Litecoin has had a rough time establishing itself as a free-standing, viable cryptocurrency. While there are those that believe in it as a strong coin in its own…
Its Thursday evening and you are back at it again staring at the charts. You are sitting there pondering to yourself, why is the price dropping again and why did I go all in at $15,000. At the time of…
If you’re an LTC HODLer, today’s news update will send you to cloud nine with supreme ecstasy. We have not one, not two, but three jumbo-sized, action-packed news stories to celebrate today.
Litecoin’s transaction speed is about to get a nitrous oxide boost. This digital currency may soon be processing as many as a million transactions in a second.
Litecoin’s next upgrade with lower fees is coming down the pike as we speak.
And the earth-shattering news of the day; a decentralized crypto-cum-fiat currency investing application has just been launched on Litecoin. Pay attention to my choice of preposition. This is the first major use-case of Litecoin as a technology that makes it more than just digital currency.
Even if you possess little knowledge about cryptocurrency, chances are, you’ve heard of bitcoin’s meteoric march.
The digital payment method is operated by a decentralized network of computers from all parts of the world; unlike electronic payment networks like Mastercard and Visa, bitcoin uses heavy-duty encryption technologies that allow the global system to keep track of its transactions. Albeit the de facto standard, bitcoin is only one of more than 1,000 cryptocurrencies on the internet, from Ethereum and Litecoin to Monero and Zcash.
In fact, according to bitcoin payment service provider BitPay, more than 100,000 merchants worldwide accept the currency. While it may pose a challenge to find major shopping destinations that accept it as a direct payment for everyday purchases, retailers and industry analysts are keeping a close eye on these cryptocurrencies — and for good reason.
Authorities across the world are either opening their doors to crypto or shutting them. Exchanges want to keep up with this fast-paced ecosystem and seek out favorable nations and markets. Japan is a known haven for crypto and Tokyo exchange BitFlyer has recently obtained approval to operate in Europe.
Cryptocurrency bag holders often boast that their network transaction speeds are faster than mainstream payment methods, such as Visa or Paypal. As cryptocurrencies continue to rise in popularity, it will be important to determine which blockchain payment networks could eventually become the “new Visa.” While both sides continue to debate their arguments, we jumped through the hard data and created a unique visual to highlight transaction speeds across several different payment networks.
The altcoin market has grown significantly throughout 2017. With more than $333 billion in market capitalization for all cryptocurrencies & ICO’s (Excluding Bitcoin) as of December 2017, this is a huge and rapidly maturing segment of the digital currency market. …