At the time of writing, one Litecoin is worth $2.37 and one
Bitcoin is worth $108, but with the extreme volatility observed
in the Bitcoin market, it might be worth it to keep an eye on
The way the currencies are secured is different too.
Bitcoin and Litecoin are incredibly similar. Both are decentralized electronic currency, meaning that they aren't linked in any way to big banks. They're independent. And where the money supply of US dollars is always fluctuating, both Bitcoin and Litecoin will reach eventually reach a gross sum and maintain a finite, unchanging supply.
Think of Litecoin as the silver to Bitcoin's gold. Just like in the physical silver and gold markets, Litecoin is trading at less than Bitcoin, but there's more of it.
Circulation of Bitcoins will be capped at 21 million, Litecoin at 84 million.
Litecoin is gaining popularity because of the ways it differs from Bitcoin; Litecoin transactions take only 2.5 minutes to process while Bitcoin transactions can take up to ten minutes to complete.
Bitcoin isn't the only cryptocurrency out there.
An alternative called Litecoin is starting to gain traction.
Litecoin utilizes something called "scrypt," which is basically something built into Litecoins that make it really really hard to replicate or steal. The technology requires huge amounts of memory to infiltrate, which translates into a far more expensive process to virtually counterfeit.
G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard
G20 member countries are now looking at an October deadline for reviewing a global anti-money laundering (AML) standard on cryptocurrency, document shows.
According to a statement issued on Sunday,
300 Million User Data from Chinese Delivery Giant Sold For 2 Bitcoins On Dark Web
It is revealed that 300 million pieces of user data from China’s second largest courier SF Express (Chinese version of UPS) were compromised and priced at 2 bitcoins on the dark web.
A post on th
Crypto Exchange Coinbase Forms Political Action Committee
Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night.
A disclosure published by the U.S. Federal Election Commiss
Malta Says Crypto Rules Aren't Yet In Force
Malta's new cryptocurrency regulatory framework has not taken effect just yet.
Three bills regarding cryptocurrencies, blockchain and distributed ledger technology, passed by Maltese Members of Par
Huobi Launches Service to Build Crypto Exchanges in the Cloud
Huobi, the world's third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges.
Dubbed the Huobi Cloud,
CoinMarketCap Announces Changes to Counter Fake Volume Concerns
The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called "concerns" over fake volume figures.
In a blog post, published on July 19, the site said that it had
You Can't Ban Math: Crypto Unites to Call Out Congressman
In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman.
On Wednesday, Congress hosted a pair of back-to-back hearings on the topic of cryptocurrencies (read CoinD
TSMC Says Crypto Mining Demand Will Fall in Q3
Semiconductor manufacturing giant TSMC said Thursday that it expects demand for cryptocurrency mining-related products to cool off during the third quarter of this year.
The company – which manufac