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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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