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Litecoin Struggles to Get Back in the Game

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Lately, the cryptocurrency markets have been through a lot of turbulence. Bitcoin Prices have dipped further than expected and altcoins were hit badly with the recent hacking incidents associated with Verge and Bitcoin Gold. Now that this week the market is on its way to recovery, crypto enthusiasts are eyeing top-5 crypto for their performances and to decide which one is the safest bet to make under the present conditions. One such cryptocurrency is Litecoin that’s currently making its way towards recovery signifying that it’s still not too late to invest in Litecoin. In this article, we shall discuss what Litecoin has been up to and why it’ll always be one of the advantageous crypto investments.

Release Candidate of Litecoin core v0.16

Back on 21st May, Litecoin announced Litecoin core v0.16.0 release candidate which was its major release after a long time. It includes new features, several bugfixes to improve and enhance performance and translations update etc. this version was released as a recommended upgrade so that every user can benefit from the newly developed features such as;

Full Segwit Wallet Support

The latest core release introduces complete segwit support in the wallet for the user interface.

Bech32 Address Support

The v.0.16 release candidate also has support for native segwit addresses (Bech32). Means the ability to send to Bech32 addresses and generating such addresses has been included in the new release candidate.

SHA256 Assembly Enabled by Default

SHA256 hashing algorithm was enabled for enhancing performance and increasing the speed up to 50%.

Advancements of PayWithLitecoin

PayWithLitecoin movement has been making progress since the day it was first announced and now it has reached adoption into the mainstream. The reason behind its incessant progress lies in the fact that it has gained the attention of various small businesses. These businesses are signing up to accept Litecoin as a mode of payment and benefit from it. PayWithLitecoin is basically a well-planned marketing strategy that rewards both parties. PayWithLitecoin reached a significant milestone when iPayment Inc. which is a renowned payment processing solution provider having almost 137,000 companies and businesses under its portfolio opened up to Litecoin payments in partnership with Aliant payment. This partnership with iPayment and Aliant payment has paved a secure path to Litecoin payments by giving merchants an opportunity to accept crypto.

Litecoin Resistant to Attacks Similar to Bitcoin Gold

The hacking incidents which shook cryptocurrency markets have caused great damage and have subsided after a week. Currently, every crypto trader, investor and cryptocurrency enthusiast is looking for more secure projects to turn to. Under such conditions, Charlie Lee aka the founder of Litecoin has commented that contrary to Bitcoin Gold that was attacked by a mining hack, Litecoin mining algorithms are too strong and doesn’t let such hacking attempts become successful. In short, the complexity of Litecoin mining algorithm makes it mining hack resistant.

Why Invest in Litecoin (LTC)?

Although crypto enthusiasts are well aware of Litecoin’s previous disappointing market performance still it doesn’t mean that Litecoin project is dead and there are no possibilities left regarding the future. Litecoin has immense potential to lead altcoins by the hand. It’s a matter of time when Litecoin gets real with its mainstream adoption and partnership with tech giants. Litecoin has always been preferred than Bitcoin in terms of performance, speed and lower transaction fee. Analysts presume this is a good chance to invest in Litecoin.

Market Position

According to the latest data on coinmarketcap, Litecoin is ranked as the 6th largest cryptocurrency of the world. The total market capitalization of Litecoin as per the time of writing is close to $6.7 billion USD. The individual price of Litecoin is approximately $118.65 which is rising at the rate of 0.73%. Almost $253 million USD worth of Litecoin has exchanged hands within the last 24 hours.

Final thoughts

It may not be over for Litecoin just yet, even though crypto markets are suffering from negative sentiments in each sector and scrutinized for its unsafe and unpredictable nature, it won’t be long when things fall in their respective place and the top 10 cryptos, as well as the altcoins, prove their worth. Litecoin is gradually progressing towards its milestone and it’ll be quite a show watching what it can do to make it happen.

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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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