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Author Topic: Why Litecoin Is Better Than Other Cryptocurrencies  (Read 7047 times)

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Why Litecoin Is Better Than Other Cryptocurrencies
« on: April 09, 2020, 03:11:11 PM »
Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of the industry has come under fire. The currencies modeled after bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of bitcoin. While some of these currencies are easier to mine than bitcoin is, there are tradeoffs, including greater risk brought on by lesser liquidity, acceptance and value retention.

There are a lot of cryptocurrencies that people tend to ignore too much and attachh less attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested in 10 days. Thank me later.



Below, we’ll examine some of the most important digital currencies other than bitcoin. First, though, a caveat: it is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that there are more than 1,600 cryptocurrencies in existence as of this writing, and many of those tokens and coins enjoy immense popularity among a dedicated (if small, in some cases) community of backers and investors.

Beyond that, the field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow, for all anyone in the crypto community knows. While bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to the ranking of coins relative to one another in terms of market cap. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list as well.

1. Litecoin (LTC)

Litecoin, launched in 2011, was among the initial cryptocurrencies following bitcoin and has often been referred to as “silver to bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate, and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer-grade. Although Litecoin is like bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin. As of February 9, 2019, Litecoin had a market cap of $2.63 billion and a per token value of $43.41.

2. Ethereum (ETH)

Launched in 2015, Ethereum is a decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. The applications on ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the ethereum platform and is sought by mostly developers looking to develop and run applications inside ethereum, or now by investors looking to make purchases of other digital currencies using ether.

During 2014, ethereum launched a pre-sale for ether which received an overwhelming response; this helped to usher in the age of the initial coin offering. According to ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). As of February 9, 2019, Ethereum (ETH) had a market cap of $12.49 billion and a per token value of $118.71.

3. Zcash (ZEC)

Zcash, a decentralized and open-source cryptocurrency launched in the latter part of 2016, looks promising. “If bitcoin is like HTTP for money, zcash is HTTPS," is one analogy zcash uses to define itself. Zcash offers privacy and selective transparency of transactions. Thus, like https, zcash claims to provide extra security or privacy where all transactions are recorded and published on a blockchain, but details such as the sender, recipient, and amount remain private.

Zcash offers its users the choice of “shielded” transactions, which allow for content to be encrypted using an advanced cryptographic technique or zero-knowledge proof construction called a zk-Snark developed by its team. As of February 9, 2019, Zcash had a market cap of $291.25 million and a value per token of $49.84.

4. Dash (DASH)

Dash (originally known as darkcoin) is a more secretive version of bitcoin. Dash offers more anonymity as it works on a decentralized master code network that makes transactions almost untraceable. Launched in January 2014, dash experienced an increasing fan following in a short span of time. This cryptocurrency was created and developed by Evan Duffield and can be mined using a CPU or GPU. In March 2015, ‘darkcoin was rebranded to dash, which stands for “digital cash” and operates under the ticker DASH. The rebranding didn't change the functionality of any of its technological features including DarkSend and InstantX. As of February 9, 2019, Dash had a market cap of $640.76 million and a per token value of $74.32.

5. Ripple (XRP)

Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Launched in 2012, ripple “enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs.” Ripple’s consensus ledger (its method of conformation) is unique in that it doesn’t require mining. In this way, ripple sets itself apart from bitcoin and many other altcoins. Since Ripple’s structure doesn't require mining, it reduces the usage of computing power and minimizes network latency.

Ripple believes that “distributing value is a powerful way to incentivize certain behaviors” and thus currently plans to distribute XRP primarily “through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.” So far, ripple has seen success with this model; it remains one of the most enticing digital currencies among traditional financial institutions looking for ways to revolutionize cross-border payments. As of February 9, 2019, ripple had a market cap of $12.69 billion and a per token value of $0.308.

6. Monero (XMR)

Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”

With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, monero has developed something of an unsavory reputation; it has been linked to criminal operations around the world. Nonetheless, whether it is used for good or ill, there’s no denying that monero has introduced important technological advances to the cryptocurrency space. As of February 9, 2019, Monero had a market cap of $808.50 million and a per token value of $48.18.

7. Bitcoin Cash (BCH)

Bitcoin cash holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

When different factions can’t come to an agreement, sometimes the digital currency is split, with the original remaining true to its original code and the other copy beginning life as a new version of the prior coin, complete with changes to its code. Bitcoin cash began its life in August of 2017 as a result of one of these splits. The debate which led to the creation of BCH had to do with the issue of scalability; bitcoin has a strict limit on the size of blocks, 1 megabyte. BCH increases the block size from 1 MB to 8 MB, with the idea being that larger blocks will allow for faster transaction times. It also makes other changes, too, including the removal of the Segregated Witness protocol which impacts block space. As of February 9, 2019, BCH had a market cap of $2.23 billion and a value per token of $126.49

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Why Litecoin Is Better Than Other Cryptocurrencies
« on: April 09, 2020, 03:11:11 PM »

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Offline Malam90

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #1 on: April 28, 2020, 05:19:29 PM »
After Bitcoin and Ethereum, Lightcoin is better than other cryptocurrencies i agree with it. Light coins is called the 2nd Bitcoin and it is very strong and popular coin also. It is a longterm hold coin that investors prefer to hold it for long run. I like to hold Lightcoin also.

Offline MrSpasybo

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #2 on: April 28, 2020, 09:43:03 PM »
Agree that LTC can replace BTC in daily payments, LTC has also been accepted at many payment systems in many countries, however I don't think that LTC is better than ETH. ETH has a supportive community, ETH is an ecosystem for Dapps, ETH attracts the attention of the majority of the community. I always think ETH is the best cryptocurrency.
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Offline SRShanuka2020

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #3 on: April 28, 2020, 10:19:23 PM »
Litecoin is very strong good coin. A super powerful Coin of The Future. This Coin has huge potential. One of the great Coin I really like.
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Offline Ransow

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #4 on: April 29, 2020, 05:33:37 PM »
I think LTC is a potential altcoin but this not better than others cryptocurrencies because ethereum and bitcoin is powerful cryptocurrencies in cryptomarket at this situation but litecoin has powerful lighting technology hereby we can send payments high speed and more secure so many places accepted litecoin payment system .

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #5 on: June 14, 2020, 10:38:58 AM »
Litecoin has been powerful block chain technology so still this technology is dominating many cryptocurrency accepting places so litecoin has lot of users and many supporters so this is the best coin for investments.

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #6 on: June 19, 2020, 05:44:25 AM »
In terms of payment, it is possible that LTC and BTC are interconnected and collide with one another's vision and mission.
I see proof of this because now many platforms are accepting payments in the form of LiteCoin and Bitcoin.

An example is the English league's football club Watford FC which accepts Bitcoin payments.
International wrestling is a UFC accept payment using LiteCoin.
retire and rest in peace

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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #6 on: June 19, 2020, 05:44:25 AM »


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Re: Why Litecoin Is Better Than Other Cryptocurrencies
« Reply #7 on: June 23, 2020, 03:36:04 AM »
After Bitcoin , litecoin is my one of favourite coin in my list  , litecoin is at low price in it's moment I think if we buy some litecoin then it's worth increased in future.

 

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