{"id":98756,"date":"2019-01-08T14:13:17","date_gmt":"2019-01-08T12:13:17","guid":{"rendered":"http:\/\/aleksawn.bget.ru\/?p=1514"},"modified":"2019-01-08T14:13:17","modified_gmt":"2019-01-08T12:13:17","slug":"litecoin-fork-and-helper-for-bitcoin","status":"publish","type":"post","link":"https:\/\/imgist.ru\/en\/litecoin-fork-i-pomoshhnik-dlya-bitcoin\/","title":{"rendered":"Litecoin \u2014 a fork and companion to Bitcoin"},"content":{"rendered":"

Created in 2011 by former Google employee Charles Lee, Litecoin was conceived as an alternative to Bitcoin, with its high transaction fees and processing times, as a more technologically advanced, faster, and less expensive cryptocurrency.<\/p>\n

According to analysts, Litecoin has played, and continues to play, the role of a pioneer\u00a0in implementation<\/span>\u00a0the latest technologies among cryptocurrencies.<\/p><\/blockquote>\n

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Litecoin is updating more quickly, responding to the challenges posed by the passage of time for cryptocurrencies. Bitcoin, on the other hand, is much slower to address its ecosystem's problems, leading to difficulties with transaction delays, high fees, and other technological issues. This is believed to be due to Litecoin's centralized leadership, Charles Lee, who centrally determines the cryptocurrency's development. Bitcoin lacks a single centralized leadership, so the technologies needed to address these issues are activated late.<\/p>\n

However, according to one opinion, Lee, who, by the way, has the nickname "Satoshi Li", has no ambitions for primacy, but positions Litecoin as "digital silver", if we consider Bitcoin "digital gold".<\/p><\/blockquote>\n

Returning to Litecoin's technologically advanced role, it's appropriate to cite the example of the first activation of the SegWit system. Litecoin was also the first to activate the Lightning Network, a system that allows for a virtually unlimited number of transactions per second.<\/p>\n

On September 21, 2017, the first Atomic swap of Litecoin to Bitcoin took place - an exchange of cryptocurrency outside of any exchange, the system allows you to exchange currencies even if they are on different\u00a0blockchains<\/span>\u00a0without an intermediary and\u00a0commission fees.<\/span>\u00a0This is most likely\u00a0means<\/span>\u00a0the path to some decentralized exchanges.<\/p><\/blockquote>\n

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Because Litecoin is\u00a0fork<\/span>\u00a0Since Bitcoin was identical at the very beginning, all technologies launched and tested by Litecoin are suitable and will be more easily implemented in Bitcoin. In a global sense, Litecoin is a "technological tester" for its "parent.".<\/p>\n

It's advanced technology, not just the speed and low cost of transactions, that gives Litecoin an edge over the rest.\u00a0forks<\/span>\u00a0and other cryptocurrencies.<\/p><\/blockquote>\n

However, the requirements for its update are much higher than Bitcoin, because it is the one that represents\u00a0cryptoeconomics<\/span>, enjoys trust and popularity, and once it resolves its technological issues, Litecoin will be deprecated as unnecessary. Furthermore, with the recent rise of new cryptocurrencies, who else can compete with technologically and in what ways?\u00a0technical challenges<\/span>\u00a0Litecoin remains to be seen.<\/p>\n

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\nFrom an investment perspective, this cryptocurrency is growing faster than Bitcoin, but it hasn't achieved the same popularity or widespread adoption. Litecoin is quite\u00a0popular, but<\/span>\u00a0There are few places that accept it as payment, few places where you can buy it, and few businesses use it in their operations. Since Bitcoin is a symbol of payment mechanisms\u00a0cryptoeconomics<\/span>, and is subject to news background, then Litecoin is more stable.<\/p>\n

Experts<\/span>\u00a0recommend this\u00a0cryptocurrency<\/span>\u00a0both from the point of view of investment attractiveness and from the point of view of transaction mechanics, that is, the transfer of values within\u00a0cryptoeconomics<\/span>.<\/p><\/blockquote>","protected":false},"excerpt":{"rendered":"

Created in 2011 by former Google employee Charles Lee, Litecoin was conceived as a more technologically advanced alternative to Bitcoin, with its high transaction fees and slow transaction times.<\/p>","protected":false},"author":1,"featured_media":1523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-98756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesnye-fakty","hvn-theme-has-thumbnail"],"_links":{"self":[{"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/posts\/98756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/comments?post=98756"}],"version-history":[{"count":0,"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/posts\/98756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/posts\/1523"}],"wp:attachment":[{"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/media?parent=98756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/categories?post=98756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imgist.ru\/en\/wp-json\/wp\/v2\/tags?post=98756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}