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Litecoin Review: Current State of LTC



Finest LTC Wallets:
Litecoin Mining Swimming pools:
Segregated Witness:
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BTC Tipjar πŸ™πŸ»: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL

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⏰ Time Stamps ⏰

0:55 Introduction
1:43 Litecoin vs. Bitcoin
3:00 Litecoin Halving
4:05 Atomic Swaps
5:51 Lightning Community & Litecoin
7:00 Segwit on LTC
8:00 Privateness Enhancements
9:08 Litecoin Basis
10:48 Partnerships & Adoption
11:30 Community Well being
12:35 Change Help & Market Liquidity
13:25 Conclusion

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⛓️ πŸ”— Useful Hyperlinks πŸ”— ⛓️

β–Ί Web site:
β–Ί Basis:
β–Ί GitHub:
β–Ί Scaling Comparability:

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πŸ“±οΈ Socials πŸ“±

β–Ί Official Weblog:
β–Ί Twitter:
β–Ί YouTube:
β–Ί Discussion board:

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πŸ“ Challenge Overview πŸ“

Litecoin is a fork of Bitcoin’s core shopper, with just a few slighty altered attributes. The venture started in 2011, launched by former Google worker Charlie Lee.

Litecoin is a Proof-of-Work coin. Litecoin affords quicker outcomes with shorter block occasions, which take roughly two and a half minutes (in comparison with Bitcoin’s 10).

The venture does this by its mining algorithm known as Scrypt.

Due to the algorithm, block occasions and mining problem, Litecoin has a max throughput of 56 transations per second. That is significantly greater than Bitcoin’s 7.

βš™οΈ Expertise βš™οΈ

Litecoin is a very Robust adopted of Atomic Swaps. With Atomic Swaps, customers can immediately carry out cross-chain transactions.

Somewhat over two years in the past, Decred and Litecoin had been the 2 initiatives that accomplished the primary ever cross-chain atomic swap.

Litecoin can also be a extremely sturdy adopter of SegWit. SegWit utilization on Litecoin is at the moment at 75% and has elevated since final yr.

Litecoin devs have been exploring methods to make it Fungible – so just like the likes of Monero and different privateness cash.

Certainly one of Litecoin Enchancment Proposals (or L.I.Ps) offered just a few months in the past was the implementation of the mimblewimble protocol. This can be a fairly superior protocol that may obfuscate transactions and make them personal.

πŸ‘¨β€πŸ’»οΈ Crew, Companions & Growth πŸ‘¨β€πŸ’»

The Litecoin Basis is a non-profit registered in Singapore that has a variety of goals. Prime amoung these is to drive the adoption of Litecoin the world over.

The muse additionally works with all kinds of fee gateways. This consists of firms like Coinpayments, Coingate, Travala and so forth.

There are retailers throughout the globe that settle for Litecoin as a type of fee, with most present in Europe and america. Nonetheless, there are additionally fairly just a few in elements of Asia as properly, together with Indonesia and India.

πŸ”— Community Stats πŸ”—

Transactions have dipped a bit because the halving in August, they’re nonetheless in keeping with what the community was seeing all through 2019, which might counsel the Litecoin blockchain remains to be pretty wholesome.

Distinctive addresses had a big spike in August on the time of the halving, Litecoin is exhibiting a little bit of a dropoff in these.

Total, on-chain information means that the Litecoin blockchain is comparatively wholesome. There was a rise in giant transactions, plus a slight uptick within the variety of customers who’ve held a major quantity of LTC for greater than a yr.

πŸ“ˆ Buying and selling & Liquidity πŸ“ˆ

Litecoin is in a lucky place in the case of market liquidity and alternate assist. On condition that it was one of many first few altcoins in the marketplace, it has continually been a staple cryptocurrency on alternate order books.

Because of this, Litecoin does over $2 billion {dollars} a day in buying and selling quantity. If we had been to match this to different cryptocurrencies, it’s the 4th most traded crypto in the marketplace.

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πŸ“œ Disclaimer πŸ“œ

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit final result.

#Litecoin #LTC #crypto #Blockchain #Assessment #Segwit #Fintech #Lightning #blockchain

Source: Coin Bureau

40 Responses

  1. I love LTC, but even today, over a year later, the inflation rate is still rather high. Lots of stock coming on every day at pretty high prices. After the next halving, we should be in better shape. So that's two more years to stock up.

  2. could you make an updated video on Litecoin for 2021 ?
    your thoughts on it for the bull run, should you hold it still or swap it for some other coins, etc…

  3. Just getting into crypto
    I would be eager to learn about Power Ledger
    your videos are good and I have not seen you do one on PL
    Many thanks in advance if you do make one πŸ™‚

  4. Don't forget it is not needed yet as a medium of exchange but that will change as the banks fail. I do think lite coin is the right coin. A very good and fair evaluation of the coin thanks.

  5. Coins that I'm sure will be around in 50 years: BTC, ETH, XMR and LTC
    For the rest of them… I can never be 100% sure…
    Not saying that I don't hold any other shitcoins and that you can't make profit (more BTC) with them…

  6. Litecoin is one of oldest and most reliable cryptos and a direct beneficiary of proven bitcoin development while maintaining it's own mining algorithm unlike bch and bsv. Because of these reasons and more litecoin is an excellent value IMO.

  7. Tks, started in crypto 3 weeks ago and was always wondering why i was getting a better return in Exodus,atomic wallet and shapeshift when i was using LTC. I'm in Canada and echange have limited coins so the atomic swap is a great way to diversify.

  8. Max supply BTC = 21M
    Max supply LTC = 84M
    I'm not suggesting LTC should be 1/4 BTC, but I think there is definitely potential in the price of LTC.

  9. Hey man, your video is being used here today to scam the public — Look at all the replies by the fake LTC Foundation and they are using this and others to draw to their fake livestream / fake GAW once again…Here was my reply just now and I reported them…… AGAIN!! Please do the same and instruct others here today to do the same!!

    ​ The Litecoin Foundation Official Scammers!!!! Especially replying to all these comments like this here!!!

  10. You said it's for educational purposes only" I think you meant entertainment purposes only lol. Just a heads up, as you can see from my own video you're far better spoken than me, so it's not a criticism πŸ™‚ Great go to channel for crypto research

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