My issue with the mySpace/Facebook, Bitcoin/Litecoin comparison
Facebook wasn't a fork of MySpace with a few values changed. It was a complete overhaul of the concept of a social network, both in how it is presented to its users and how it is interacted with. I think that the future of cryptocurrencies is going to be very different from what we see today, but as someone who got into it through Litecoin, I don't see this currency (or any other alt) at the forefront, for one reason: No altcoin, no matter how revolutionary, can overcome bitcoin's network effect quickly enough to replace it before its features are implemented in bitcoin. If the gimmick is so great, the community will recognize that and implement it in bitcoin. If it isn't, then the currency is probably not otherwise relevant enough to be considered as a replacement. There is way too much money invested in bitcoin at this point for the idea of any forked currency somehow overtaking it to still be plausible. Nevermind the fact that the majority of development talent seems to be concentrated on the bitcoin project. Don't get me wrong. I don't think altcoins are going anywhere, and I'm happy to be able to mine them with my PC, but I also don't think they'll ever represent more than a fraction of the crypto market.
Why is litecoin so cheap in comparison to bitcoin?
I know there's about 4 times more LTC in circulation and there will be about 4 times more LTC available to mine. So at the very best LTC will have 25% the value of BTC. But Litecoin have lower fees, faster transaction times and easier to adapt to forks? LTCs technology is far superior in my opinion. So how come the price is so low in comparison. 1 BTC equals almost 55 LTC. I see a lot of potential in LTC for that reason. Is Bitcoin overpriced or is LTC underrated?
Litecoin was created by Charlie Lee on Oct. 7, 2011, with its codebase is a fork from Bitcoin. In contrary to the hard fork and soft fork, this type "fork" doesn't share the transaction history of Bitcoin, and it had its own transactions beginning from its genesis block.. Litecoin shares some common features with Bitcoin, including its open-source and decentralized nature. Technical Comparison: Bitcoin’s SHA-256 and Litecoin’s Scrypt; Conclusion; What are Bitcoin and Litecoin? Litecoin is the younger, faster, cheaper, smarter, and not-as-rich-but-getting-there brother of Bitcoin. Bitcoin, on the other hand, is the original — the one that had to go through all the hurdles and tough experiences to eventually get to the top where it sits today. Still, they ... Bitcoin vs. Litecoin [The Ultimate Comparison Guide] July 3, 2019. Jack Choros. Share Now. Intro to Bitcoin vs. Litecoin . In this post, we’re going to take a look at Bitcoin vs. Litecoin. While both compete against each other for investor dollars, Bitcoin and Litecoin act as catalysts too. The two projects are driving innovation within the cryptocurrency space and the blockchain industry at ... Litecoin vs Bitcoin. Litecoin vs Bitcoin. Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011.. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes to become a successful cryptocurrency. Litecoin erklärt. Litecoin (Kürzel: LTC) ist im Oktober 2011 aus einer Abänderung des Bitcoin-Protokolls entstanden, mit der es sich unter der Federführung von Charlie Lee vom originalen Bitcoin-Protokoll abgezweigt hat. Darum spricht man auch von einem sogenannten „Hard Fork“, bei der ein eigenes, weil technisch unterschiedliches Protokoll entsteht.
Litecoin Technical Analysis - Comparing To Bitcoin
Litecoin is still up substantially in its comparison to other cryptocurrencies, and performing better than Bitcoin lately. Let's take a look at what's going on How are you feeling about the ... Let's look at Litecoin and Bitcoin side by side and see where we stand against the beast. Wallet I Recommend (Ledger Nano) - https://goo.gl/zujCwr Social - h... LIVESTREAM REPLAY - https://youtu.be/1b_20DIIsKs Litecoin is still extremely undervalued, and Bitcoin Cash actually does a great job at illustrating that for... This video is unavailable. Watch Queue Queue. Watch Queue Queue