litecoin price




Litecoin 2018 Price Prediction $1000!

Litecoin 2018 Price Prediction $1000! Always considered Silver to Bitcoin being Gold in the Crypto universe it might be time to consider that Litecoin is the currency of the crypto universe.

Litecoin is often compared to Bitcoin, and for good reason: the two digital currencies are closely related, with Litecoin having been heavily influenced by its older peer when it was developed in 2011. Both share a deflationary nature, with the supply set to taper in the next few years.

While it has remained the dominant player and continues to be largest digital currency by share of market cap but Bitcoin is losing some ground to other digital currencies on questions of mining efficiencies as well as how expensive it is now to buy.

First, Litecoin has a lifetime cap of 84 million coins, which is four times higher than the total number of Bitcoins that can be mined. This means that as demand increases, there will be a larger supply of Litecoins to meet it, at least ins, which is four times higher than the total number of Bitcoins that can be mined. This means that as demand increases, there will be a larger supply of Litecoins to meet it, at least initially.

Quicker Block Generation
Another way that Litecoin may have improved upon Bitcoin is in regard to its block generation time. Litecoin has a time of 2.5 minutes, compared with 10 minutes for Bitcoin. In practical terms, this means that transactions involving Litecoin will be confirmed four times faster than those for Bitcoin.

For investment purposes, this means that users will spend less money paying to buy or sell Litecoin than they would Bitcoin.

Mining Is Easier
While Litecoin and Bitcoin share the proof of work concept when it comes to their mining operations, the algorithms that the two blockchain systems use are quite different.

Litecoin’s mining algorithms are significantly simpler than those of Bitcoin, meaning it can be mined on computers which are less powerful and that it will take less energy. Considering that mining operations around the world take up massive amounts of electricity and there is already a shortage of powerful graphics cards needed for mining rigs, this could prove to be a major advantage for Litecoin miners going forward.

HODL the motto of Bitcoin it came from this forum post: https://bitcointalk.org/index.php?topic=375643. While people generally don’t HODL Litecoin there’s an interesting side note from all these transactions. Anyone who has been in cyrpto for more then a year most likely made a transaction with Litecoin moving from exchanges converting from other Cyrptos. Generally not all the Litecoin is converted little pieces remain inadvertently HODLING these add up over time you could call it Litecoin destruction or dormant Litecoin reducing total supply in circulation.

Now to the charts Litecoin is approaching or has overtaken Bitcoin in most of these charts!