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What Is Litecoin?

Litecoin is a peer-to-peer cryptocurrency, which has been released under the MIT/X11 license. There are many different benefits of Litecoin. It provides a faster transaction confirmation – it takes just 2.5 minutes on average, and uses a memory-hard, script-based mining proof-of-work algorithm, which helps to target the regular computers and GPUs most people already have. This is the main feature that differentiates Litecoin with Bitcoin.

Every four years, it is scheduled to produce 84 million currency units with a halving in reward, which is just like Bitcoin. This cryptocurrency was created by Charles Lee, who is a Google employee. It is currently in second spot to Bitcoin and over the years that it has been produced, it has produced numerous clones; yet the dedicated development team has been a solid base of support.

The project is currently being led by Charles Lee, who manages a core group of 6 software developers, along with a large community, which is only growing in support.

Litecoin has seen many highs over the years, and became the first of the Top 5 cryptocurrencies to implement the SegWit scaling solution in May 2017, as well as being responsible for the first Lighting Network transaction to be completed. It saw 0.00000001 LTC to be transferred from Zurich, all the way to San Francisco in less than one second.


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There Are 2 Main Reasons Why I Prefer LTC Over BTC

1. 1 Litecoin is a lot less than 1 Bitcoin so it makes it a lot more affordable with a bigger bang for you buck.

2. Litecoin's transactions are a LOT quicker and a LOT less expensive than Bitcoin.

GREAT VIDEOS

The Bitcoin Doco Episode 1

Mainstream media would have us believe that cryptocurrencies are insecure, unstable, fads, ponzi schemes, an avenue for money laundering or for trafficking drugs. We are on a mission to uncover and present the real stories, the personal stories and the impact that cryptocurrencies are having on peoples’ lives here in Australia.

The Bitcoin Doco Episode 2

What we are discovering is a strong, community of people coming together to make Bitcoin user friendly, safe and secure. We’ve also found that people have a lot of questions about Bitcoin and crypto-currencies, and are really curious to know how it all works. These are the questions we intend to answer in the mini series.

The Bitcoin Doco Episode 3

The elegant combination of Dale’s experience and connections together with Chris’s attention to detail and professional, on-the-fly approach is guaranteed to deliver a unique inside perspective.

This is the Bitcoin Doco... Enjoy the Ride!

Amazing Facts: Famous/Rich people talking about bitcoin growth


This video shows some of the top people in the world talking about the future of currency and the growth of bitcoin while encouraging people to start investing .

Teenage Bitcoin MillionaireTeenage 

18- year-old Erik Finman made his own rules when he invested in Bitcoin and left high school to start his own business.

Bitcoin: The World's Most Dramatic Bubble Ever

Investment manias throughout the centuries have ranged from tulips to tech stocks to housing; is bitcoin different?

GREAT ARTICLES

Litecoin To Hit $1,000 in 2018
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BIG Money Is Coming To Bitcoin: Ex Fortress Executive Novagratz Clams
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CME Group Announces Launch Of Bitcoin Futures

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CNBC: Attention Bitcoin Bears

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Bubble or Breakthrough? Bitcoin keeps Central Bankers On Edge

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Bitcoin Nuclear Winter

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Winklevoss Twins Become First Bitcoin Billionaires

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Keanu Reeves: Bitcoin Will Destroy The Global Elite, Give Power Back To The People

YES, of course Neo is supporting Bitcoin! :-) 

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The above article was eventually proven as Fake News although it was reported on many mainstream media sites. 

Moral of the Story: "Make your own judgement about how you feel about Cryptocurrencies and don't wall in the trap of believing everything you read/watch/listen to as fact. One fact that makes me personally comfortable with being involved with Crypto Currencies is that they trade BILLIONS and BILLIONS of dollars every day. Now THAT says something. And the opportunity that we have with iCenter diversifies our risk so it puts us in a better space than going it alone!"