One of the main critiques about Bitcoin is the digital currency’s troubles offering timely and cost-effective payments. Charlie Lee, the founder of Litecoin, foresaw Bitcoin’s future payment issues, and took action by designing a more payments-friendly blockchain.
After earning the nickname, ‘SatoshiLite’, Mr. Lee earned a job at Coinbase, the large San Francisco-based crypto-exchange. Mr. Lee left Coinbase last year. Thereafter, he sold his Litecoin so that he could act more freely as a champion for the digital currency he founded and not be accused of pumping and dumping. Continue reading Litecoin Payments are Quietly Starting to Catch On
Panic selling going on in India. Sources as Unocoin or Zebpay, prices are completely reverse now. As they were charging much higher from US Cryptocurrencies Exchanges, now its completely reverse. below are the rates in USD:-
BTC = 5800
ETH = 343
XRP = 0.42
BCH = 557
LTC = 105
BTG = 39
Its Amazing to see this prices in India.
Litecoin creator Charlie Lee and the Litecoin Foundation have each apologized for failing to conduct due diligence on LTC-based payment processing startup LitePay, which has sparked allegations of conducting an exit scam due to its abrupt closure. Continue reading Charlie Lee, Litecoin Foundation Apologize After LitePay Vanishes
Litecoin has been and continues to be in a stronger technical position relative to the other cryptos. As you can see in the chart below it is above both the long-term downtrend line and the 200-day moving average (brown line). It broke out above the downtrend line in mid-February and has since pulled back, in a relatively controlled low volatility manner, to test the line as support during the most recent pullback, low of $137.12. Support was strong though as it kicked in above the line at the 200-day MA. Note that support was also seen around the 200-day MA at the bottoms in February. This is all bullish price behavior that should lead to higher prices.
A breakout above the one-month downtrend line will trigger a new bullish signal, and the LTC/USD pair could then accelerate its advance. First, watch for a breakout to trigger on a move above $165.50. Strength is then confirmed on an enthusiastic rally above $175.50.
The Most Common Cryptocurrency Mining Algorithms are as follows:-
SHA stand for “Secure hash Algorithm” (SHA-256) generates unique 256-bit (32-byte) signature for a text string. Block processing time for SHA-256 generally ranges from six to ten minutes and requires hash rates at the Giga hashes per second (GH/s). SHA-256 hash rate is measured by GH/s: Gigahashes per second, or one billion hash computations per second. SHA-256 algorithm mining can be performed on an ASIC hardware (application-specific integrated circuit) Continue reading Different Types Of Cryptocurrency Algorithms