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.
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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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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