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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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