Regardless of what people say, Bitcoin is always the first to scoop the headlines, virtually taking the lead in both good and what seems to be wrong. The early Bitcoiners are smiling to the bank whenever you criticize of what is not going right in bitcoin.

Last month, a cryptocurrency which regarded its self as the silver to bitcoins gold made an all-time high of 2000% in the market capitalization. That cryptocurrency is called Litecoin. The Litecoin team should be seeing it as gold not silver after such an unprecedented surge in value. With quickest transaction time in cryptocurrency blockchain, improved network and less volatility, Litecoin should be aiming to be among the top two in cryptocurrency market.

TEAM

Litecoin was founded by Mr. Charlie Lee, a cryptographic expert who brought his wealth of experience to make Litecoin, what it is today.

He is being assisted by other Directors in the persons of Mr. Xinxi Wang and Mr.Franklyn Richards. I will not forget to mention these two developers who have worked tirelessly to make Litecoin, the fastest blockchain transaction platform. They are losh11 and fancycedar.

Practical Uses of Litecoin

Mining Of Litecoin

Mining LTC is cost-effective because of low computational power it uses.It can be mined in minor hardware or computers. Litecoin uses Script Proof of Work to verify transactions, and every transaction produces new blocks which are added into the Litecoin blockchain. A reward is given to the miner whose effort in solving the computational puzzle led to the addition of more blocks.

Litecoin and Bitcoin are different in the usage of algorithms when hashing. Bitcoin uses the popular SHA-256 which is known for its complexity and high computational power consumption. On the other hand, Litecoin uses a script which is a memory based algorithm and uses less computational power to mine.

Notes to Invest

Litecoin is the cheapest amongst the top three: Bitcoin, Ethereum, and Litecoin, with the price hovering around $70.I think, what drives Litecoin presently is the relatively low price, and I feel, they management should take advantage of that.

LTC is a currency, and it doesnt act like a stock or bond, When buying shares of Litecoin, you are only swapping your money with Litecoin currency. Litecoin has the potentials to hit it big in the coming years based on the steady increase(In July 2013, 1 LTC = $2.80 and now,1LTC= $70) in the market cap,

MUST READ!

You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Dont invest only based on what you have read here, but invest based on the fact that, you have sought advice.I wish you success!

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Litecoin - Litecoin Price Live, LTC Value, Mining, Wallet ...