Litecoin

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CRYPTOCURRENCY FUTURES INVOLVE A HIGH LEVEL OF RISK AND MAY NOT BE APPROPRIATE FOR ALL INVESTORS. BEFORE TRADING A CRYPTOCURRENCY FUTURES PRODUCT, YOU SHOULD CAREFULLY CONSIDER YOUR RISK TOLERANCE AND YOUR WILLINGNESS AND FINANCIAL ABILITY TO SUSTAIN LOSSES. PLEASE VISIT NFA AND CFTC FOR ADDITIONAL INFORMATION REGARDING THE RISKS RELATING TO THESE PRODUCTS. Litecoin whitepaper Litecoins are born via litecoin miners. They receive LTC as a reward for their work, after which they sell it on the open market. Every four years, the amount of LTC miners receive is halved during the so-called halving event, which is the same as with Bitcoin. Litecoins maximum supply, however, is a lot bigger. Where Bitcoin has a maximum supply of 21 million, litecoin will have 84 million. This may lead to a lower price per 1 LTC, causing a possible psychological advantage compared to Bitcoin. In other words, it is cheaper to buy a whole litecoin.

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With certainty about the regulatory future of Litecoin, the digital currency can follow its defined growth curve ahead of the halving event and even progress on a steady upshoot afterward. With the CFTC naming Litecoin as a commodity, new bullish sentiment is now engulfing the community, which may help propel additional stacking of the cryptocurrency in the short to midterm. Litecoin in short Since 2011, Litecoin has led the cryptocurrency space as a secure, decentralized and innovative currency.

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Article h2:first-childarticle > div > p:first-childAre you looking for Litecoin (LTC) Price when you typed Litcoin Price? Live Litecoin price is updated in real-time on Binance. What is Litecoin? ($LTC) However, despite the bumps in the road, blockchain technology is here to stay, says Marion Laboure, a senior economist at Deutsche Bank Research. The $1.2 trillion market cap for cryptocurrencies is simply too big to ignore, Laboure says.

Litecoin cryptocurrencies

The cryptocurrency is often also used as a testing ground for new technologies before they are implemented on the Bitcoin network. Litecoin was first to implement Segregated Witness (SegWit), which “segregates” a transaction’s digital signature data (the witness) outside of it to use limited block space better, even though the technology was first proposed for Bitcoin. Litecoin (LTC) wallet Other than its algorithm, Litecoin differs from Bitcoin in two major ways: its total supply and its block production rate. Litecoin increased the rate at which blocks are solved by four times that of Bitcoin, while also increasing the supply four-fold, to 84,000,000.