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Can Litecoin (LTC) Payments Push Bitcoin Out of the Picture

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The last several years have been very interesting when it comes to the world of blockchain technology and cryptocurrency. One of the biggest twists, however, has yet to come, and it is indicated that it might come very soon. If it does, Litecoin might finally be able to replace Bitcoin as a payment method when it comes to crypto transactions.

Is Litecoin a superior cryptocurrency?

Despite the fact that Bitcoin is the first-ever cryptocurrency, and that is still the biggest and most popular one today, other cryptos like Litecoin have seen much when it comes to development and improvement in the areas that Bitcoin did not manage to cover properly. Not only that, but Bitcoin’s entire blockchain was carried forward by Litecoin’s efforts for years now.

Litecoin is a crypto very similar to Bitcoin in some aspects, but it works on an entirely different protocol. It was created and published in October 2011, and it was designed in a way that allows it to work as a completely pure form of digital money. It is completely decentralized, open-source, and offers extremely safe transactions, supported by cryptographic math. Despite the popular opinion, however, Litecoin was not designed to be Bitcoin’s competition.

Despite this, it might soon replace it due to several advantages. For example, it is completely self-sustainable and has a real, legitimate use case. Other than that, it offers much lower transaction fees than BTC, its mining network is more decentralized, and the time that it takes to process transactions is significantly shorter.

Litecoin can be found in various exchanges, but many would argue that the best deal can be found on GDAX and OKEX. These are also the exchanges with the highest LTC trading volume.

Litecoin’s future

When it comes to this coin’s future, experts believe that it is a bright one, and for several reasons. One of these reasons includes its founder and leader – Charlie Lee. Not only is he a very capable professional, but the very fact that the coin’s leader has a name and a face inspires trust, which is something that Bitcoin cannot match.

Apart from that, Litecoin has a superior code. It basically only modified Bitcoin’s code that allowed it to avoid the centralization of activities related to crypto mining, but this is still a large advantage for this crypto.

Due to the lack of leadership when it comes to BTC, the cryptocurrency has been a target of a lot of internal political wars, which has further damaged the coin’s stability. Litecoin doesn’t have such issues, and the coin knows where it is headed, and what it wants to achieve.

Finally, LTC is much more comfortable when it comes to adopting new tech. It is also much faster when it comes to actually do it, where Bitcoin is bound to take things slow, due to its size. It often needs entire years of infighting in order to make a decision that it can stick to.

So, despite the fact that LTC was not created to pose as Bitcoin’s competitor, replacement, or to be in any way a threat to the first crypto, it still managed to become one. Still, Bitcoin is massive and has become a synonym for cryptos, which allows it to hold its own, even with such a capable crypto standing right behind it. In theory, LTC replacing BTC might be better, but the chances that it would happen anytime soon are slim, at best.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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