What is more profitable Bitcoin or Lightcoin? Lightcoin for beginners: Full guide What is Lightcoin

Lightcoin originated from nowhere and in a short time has become one of the most popular, well-known and valuable cryptocurrencies in the world.

Lightcoin describes itself as follows: "Onerange Internet currency that allows payments to almost the zero commission to any person in the world. Lightcoin is a global open source payment network, which is completely decentralized, since it has no central controls. "

Lightcoin is included in the top 5 leading cryptocurrency in the world in market capitalization, passing the Bitcoin, Etherumer, Ripple and Bitcoin Cash.

History Lightcoin

Lightcoin appeared on October 7, 2011, which makes it one of the oldest cryptocurrencies. His source It is a Bitcoin Core client forc with multiple noticeable changes and improvements, such as reducing block generation time, the use of different hashing algorithms, and reducing the time required for processing payments.

Lightcoine team

What is the Lightcoin differ from Bitcoin?

Since Bitcoin - the flagship in the world is cryptocurrency, it is useful to compare Lightcoin with him and understand which parameters our hero exceeds the most famous digital currency.

In its intended purpose, Lightcoin and Bitcoin are practically identical (if you consider the initial destination of Bitcoin - the transaction). However, there are some noticeable differences in functionality.

Quote Lightcoin's website, the differences between Lightcoin and Bitcoin can be described as follows: "Lightcine blockchain is capable of processing more transactions than Bitcoin blocks. Due to the more frequent generation of blocks, the network supports more transactions without the need for modification software in future. As a result, sellers quickly receive payment confirmation, however, during sales for large sums of additional confirmations, it is necessary to wait longer. "

Brief overview of Lightcine benefits in front of Bitcoin

• Lightcoin transactions are performed faster. Money sent via Lightcoin, usually appear in the wallet within a few minutes, while the Bitcoin transaction can take 10-15 minutes.
• The Commission for Lightcoin Transaction is significantly lower. The larger the block, the more you must pay the mines for the transaction. Lightcoin has fewer blocks in comparison with Bitcoin, therefore, miners charge a smaller commission.
• Lightcoin has noticeable technical improvements such as Segregated Witness (Segwit) and Lightning Network.
• Lightcoin better copes with a large volume of transactions, and Bitcoin and Etherium in the past, there were serious problems.
• In total, 84 million Lightcoins will be mined, which is four times the larger of the bitcoins.

Why Lightcoin?

Bitcoin collided with a critical scalability problem. Even with the changes made on August 1, 2017, Bitcoin will never still be able to serve an unlimited number of users. As the popularity increases, the Bitcoin will grow and the Transaction Commission will grow. This is not such a big amount when performing rare and large transactions like buying a house or car. But what about purchasing a cup of coffee?

Lightcoin can solve all these problems, offering inexpensive and instantaneous transactions and being able to scale much more efficiently than Bitcoin. Lightcoin will solve this problem, studying bitcoin errors.

To explain the similarities and differences between the two cryptocurrencies, the Bitcoin is usually compared with gold, and Lightcoins with silver. Gold was traditionally used for accumulation and storage in a reliable place, and silver melted into coins and was used to make purchases.

Analogy with gold and silver applies to the usefulness of the coin, and to its value. Since bitcoins will always be smaller (like gold), the first cryptocurrency will be used less, but cost more. Lightcoins (silver) are more, and they will be used more often, but cost cheaper. Therefore, it is more likely that in the future, Lightcin will be applied to small daily transactions.

Think, it is reasonable to pay for something with a small amount of gold. Imagine that you are trying to pay for goods from grocery golden dust! Since silver is less valuable, it is easier to use it for everyday calculations.

In theory you can use both gold and silver. You can buy a house for a silver coin truck (Lightcoins) or for one gold ingot (Bitcoin). In the end, you will get the same result.

Future Lightcoin

Lightcoin has all functionality Bitcoin with noticeable improvements. It is possible that over time, Bitcoin and Lightcoin can become gold and silver standards, not only for purchases, but also for all cryptocurrency and tokens. In the future, when you need to purchase another type of digital assets or physical product, you can simply change the coins that you already have, on what you need.

Good analogy - buying fuel for the car. If you have a car, it does not mean that you must buy barrels of crude oil. You just drive to refueling and exchange your money on what you need when you need it.

Before the hype in the press around Bitcoin and Etieth Lightcoin had every chance to become a global cryptocurrency standard. One day, digital currencies will be officially recognized, and this question will return to the agenda.

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Cryptocurrency Litecoin.

If the word " bitcoin"At least somehow for hearing (although few people can clearly explain what it is), then cryptocurrency LiteCoin only dreams of their older brother. In RuNet, this cryptocurrency does not receive proper attention and recognition, although it ranks second in the world in popularity and fourth on capitalization.

What is Litecoin simple words?

Litecoin (Lightcoin) is the currency of LiteCoin, created in October 2011. The system itself resembles Torrent something. That is, all computers to which the program is installed (which is a Lightcoin-wallet), unite in unified Network and can exchange e-currency among themselves. All this is decentralized and anonymously. You can read more in the article.

This cryptocurrency is based on Bitcoin technology. But she wondered not as analogue, but more as evolving Bitcoin.

To be honest, such a lot of similar virtual currencies was created, because the bitcoin code is open and make your cryptocurrency with it. But few people managed to achieve such success. Most attempts ended in failure.

Since 2013, the currency Lightcin received recognition and began to be called " digital silver" On all images of the coin of this currency have silver color. And in the form of gold depict bitcoins.

In general, in 2013, the popularity of LiteCoin has been a useful phenomenon for all fans cryptocurrency. After all, if Bitcoin had depreciated or lost popularity, then they would have a good replacement.

But in 2014, this cryptocurrency began to appear problems. The remuneration for the created block fell to 25 coins, and the complexity of the block increased greatly. All this led to the failure of most miners from Litecoin mining and a significant reduction in currency capitalization. What threw it from 2 to 4 in terms of capitalization.

Litecoin capitalization schedule.

The history of the emergence.

If we don't know the real name of the creator of Bitcoin and, apparently, we will never know, the creator of Laitcoin is a completely real person whose name is Charles Lee. It is a programmer and lives in San Francisco. Previously, he worked on Google, now working at Coinbase.

In April 2013, there was a sharp jump in the capitalization of Litecoin and his course, which brought this cryptocurrency top better virtual currencies.

But in 2014, capitalization began to decrease due to an increase in the complexity of the block. The course also decreased on this moment 1 LTC stands a little more than 3 dollars.

Distinctive features.

Since LiteCoin is based on Bitcoin, he is very similar to his older brother. These cryptocurrencies differ from conventional currencies as follows:

• Anonymity. When transferring money, it is almost impossible to calculate either the sender or the recipient.
• Deflation. Since the number of coins is limited, the cost of one coin will increase over time.
• Speed. Transfers go directly by passing the processing center, which increases speed.
• Decentralization. Transfers are directly and not controlled by a single cent. And this means that they cannot be blocked.

5 main differences Litecoin from Bitcoin.

The founder of Litecoin positioned its currency as improved Bitcoin due to the fact that he made several changes:

• Number. The number of coins that can be created is limited to 84,000,000 LTC. For comparison, the older brother restrictions on 21,000,000 BTC.
• Complexity. The complexity of creating blocks is recalculated every 3.5 days, which is faster than Bitcoin.
• New blocks. The block is created every 2.5 minutes, which is 4 times less than that of Bitcoin. This allows you to quickly receive confirmation of transactions.
• Reward. Initially, the remuneration for the created block was 50 LTC. This remuneration will decrease 2 times every 840,000 blocks and on August 25, 2015, it was reduced to 25 LTC.
• Generation. Lightcoine mining on graphic devices (video cards) is less efficient than mining bitcoins. If a graphic devices When generating Bitcoin is more effective than a processor 20 times, then in the case of LiteCoin, this difference is 2 times less and is 10 times.

There are also several technical features, for example, in the encryption algorithm, which are unlikely to be interesting to regular users.

The current course of Litecoin (LTC) and its forecasts for the future.

At the moment, the rate of 1 LTC is about 95 dollars, but it is constantly changing. You can see the actual course on this schedule:

For the convenience of the Lightcine coin was broken into parts:

• 0.01 LTC \u003d 1 CLTC (1 Cento Lightcoin or Light Cent Center).
• 0.001 LTC \u003d 1 MLTC (1 MB Lightcoin).
• 0.000 001 LTC \u003d 1 μLTC (1 micro-Lightcoin).
• 0.000 000 01 LTC \u003d 1 Litoshi (Laitoshi), by analogy with Bitcoinovsky Satoshi.

Forecast for the future.

The deflation model of this cryptocurrency suggests that over time, the cost of one coin will be raised due to the resulting deficit. But, since the currency is experiencing some problems, make forecasts for the future difficult.

She is still entering the top 5 best virtual currencies and has good prospects. If its capitalization again starts growing, then the cost of 1 LTC should gradually increase.

How to start using? Register wallet.

In order to start using Litecoin, you need to either use the online wallet, or download the wallet to your computer.

If you decide to download a client program to your computer, then keep in mind that if you forget the password, then it will not be able to restore it. In addition, the wallet takes a lot of space on the hard disk.

Download Wallet You can on LiteCoin.org.

But, there is a more convenient option - use the online wallet. When using this method, you can enter from any device and from anywhere in the world where Internet. Therefore, online wallets are more popular.

Video about how to use the wallet:

You can register online wallet on the link: Exmo.com.

Replenishment and output.

You can replenish the wallet in 3 ways: with the help of exchangers, forex broker or cryptocurrency exchange.

1. Exchange items.

The most convenient way is to buy Lightcoins using exchangers. In order to find the best exchange rate, you can use the monitoring of BestChange.ru exchange points.

To replenish or output, cryptocurrencies you need to go to the monitoring site and select LiteCoin and a convenient exchange currency for you. After that, reliable exchange points will appear, sorted by price. You need to choose one of them, go to it and make an exchange.

LiteCoin exchange using BestChange.ru monitoring

2. Forex broker.

The second way of buying or selling Lightcoins is forex brokers. This procedure is, of course, more complicated than the exchange through exchange items.

To begin with, you need to choose a reliable broker, for example, fxopen.ru. After that register in personal Cabinet and open a trading account " Crypto" Then replenish your trading account and buy Litecoin.

3. Exchange cryptocurrency.

Third way to buy LiteCoin are cryptocurrency exchanges, for example, BTC-E.com. In order to carry out operations for the sale or purchase of Lightcoins, you will need to register with the stock exchange, replenish your account and buy cryptocurrency. This method is also inferior to the convenience of exchangers.

If you decide to open an online wallet on Exmo.com, you can buy and exchange lightcoins right through this site by clicking on the button " Exchange" or " Top up"Inside the wallet.

Transactions.

If you use your wallet from Expo.com, then the transfer of money from the wallet to the wallet will not make you work. For the transaction you need to click on the button " Display"Opposite the LTC designation. In the window that appears, enter the address of the recipient's wallet and the sum of the translation. After that confirm the transaction.

Litecoin translation through an online wallet.

6 ways to earn lightcoins.

1. Mining.

Litecoin appears just like Bitcoin. Miners are used computing power Computer for generating new coins.

They set special program To my computer, which turns it into a tool for mining money. The computer begins to solve the task of the selection of a faithful combination. And if the task will be solved on your computing facilities, then you will receive a reward of 25 coins.

It is necessary to honestly say that Litecoin mining on an ordinary computer alone - the occupation is absolutely not profitable. The fact is that in mining participates great amount Computing power and a chance that your computer will solve the task, is negligible.

Therefore, miners are combined into systems that are called pools. If one of the pool participants solves the task, the remuneration is distributed between all participants. But this way of mining has ceased to be beneficial after lowering the LiteCoin course.

Industrial mining is the only profitable way of mining Lightcoins. For this, special equipment is purchased, which is sharpened only under the mining. This equipment can work as at home (called " Home farm Litecoin.") And industrial (called" Industrial farm Litecoin.»).

Home farm Litecoin.

Industrial farm Litecoin.

If you have free computing power and free or very cheap electricity, then you can try to engage in the mining of Lightcoins.

For this, you need to download and install one of the programs for mining, for example, this: guiminer.org.

After that, you will need to join the pool, for example, this: wemineltc.com.

2. Cloud mining.

The idea of \u200b\u200bcloud mining is that you do not download your work equipment, and take the computing power to rent and use them to generate LiteCoin.

I am disbelieving with cloud mining. Because, it turns out that these companies are more profitable to rent equipment for rent than Major on it alone on their own.

Therefore, all this reminds me of the times of gold fever in the United States. Then the people who served gold miners earned much more than the hotkers themselves.

3. Cranes.

You can earn a bit cryptocurrency with cranes. Litecoin cranes are sites where you charge a little money for the entry Cape. The amounts will be so insignificant that there is no serious earnings about some serious earnings. If you see all day on the cranes, then you can earn $ 1-2 (and forever having captivated).

Crane owners try to maximize the website advertising. They are counting on what those who want to earn lightcoins with the help of capping, will click on advertising. And for each click on advertising, the owner will receive the money he is shared with visitors.

Several links to LiteCoin cranes:

• Ltc-faucet.com.
• THEBITCOINMASTER.COM.
• Ltcfaucet.co.

4. Games.

All games that allow you to earn LiteCoin I would share for 2 types:

• Working on the principle of gaming machines.

Here everything is as in the usual gaming machine: you put money and play them. Someone wins, and most lose.

If the initial contribution is not needed and you give money to play, then you need to understand that the game gives you to feel the taste of the game and victory to encourage money.

• Based on the principle of the pyramid.

There are games that allow you to earn Litecoin playing. Some of them can be played only by making a fee. And some give you to start free of charge, then to increase profits you will still need to invest money. They will be needed for improvements in the game (buildings of buildings, purchases of units, resources, etc.).

If you can not lose in this game, it means that it is a pyramid. After all, where do money take on payments, if no one loses? They can only take up the contributions of new players.

5. Earnings.

Since Litecoin is one of the currencies, it can be made on the Internet, like any other currency. We can receive this cryptocurrency for the performance of tasks, the provision of services, the sale of goods, etc.

How to make money on LiteCoin?

Also, anyone has the opportunity to earn on such a phenomenon as Litecoin. Make money on it can trader, investor or businessman.

• Trader. If you understand the trading on the stock exchange, you can try to make money on changes in LiteCoin.
• Investor. Only long-term investments make sense. Since this cryptocurrency deflationary, it should be expected in the long run.
• Business. If the company will take cryptocurrency, it will be able to attract additional customers who are convenient to pay this method.

We entered the era of the digital currency. Bitkin has moved from fame among professional financiers, but now even far from this people think to invest in cryptocurrency. Bitcoin still remains the leader, but gradually other coins can become more useful. One of the most perspective cryptocolut - Litecoin (Lightcoin). Why is the currency so dynamically developing and why investors invest in lightcoins?

What is Lightcoin?

In 2013, Charles Lee, the former Google Engineer, created Altkoin - Litecoin or Lightcoin. The developer promised that this cryptocurrency will help to correct many problems that were at Bitcoin.

Now Lightcoin is one of the largest digital currencies, the market capitalization of which is more than 8 billion dollars. This makes it one of the strongest competitors of Bitcoin, along with Etherum and Ripley. If you compare Lightcoin with Bitcoin, it may seem that they are very similar. In fact, this is not the case, they have a lot of distinctive characteristics.

Like Bitcoin, Lightcoin was created on the basis of the transaction system -blockchain . This allows the owners of the wallet to make transfers anywhere in the world without any additional commissions.

Lightcoin also works as a global currency, eliminating the need to adjust the cost if you exchange money internationally. And, like Bitcoin, this coin is decentralized. There is no power, buildings or headquarters that would regulate the activities of the currency, so it moves freely on the Internet.

It makes cryptocurrency much safer than cash or electronic money. And since no government can regulate it or produce it, the value of Lightcoin is completely in the hands of the owners. Like almost all digital currencies, it multiplies the process called "mining" or mining currency.

Mainers use computers for the processing of Lightcine transaction, which are presented in the form of algorithms. When computers solve the mathematical task, more coins appear on the network, and miners get a remuneration for this.

In the world there is a fixed amount of Lightcoin coins - their volume will never be able to exceed the amount of $ 84 million. After we reach this moment, the coin can be broken into minor payments.

Each time the transaction is checked in the blockchain technology, the network becomes more secure.

It is clear that Bitcoin and Lightcoin are similar in many ways, but they also have a lot of differences. And these differences make such valuable cryptocurrency.

Why is Litecoin unique?

Bitcoin is an ideal and a canon for anyone who wants to invest in cryptocurrency. But this is just because Bitcoin was the first digital currency in the world, which gave her advantage in competition. But due to the fact that he came out earlier, there were many mistakes that eliminated altkoinov developers. The following currencies improved blockchain technology and coins, so Lightcin is more modified and will be the best option than the first cryptocurrency. So what does Lightcoin differ from Bitcoin? Why do you need to invest in this currency?

Blockchain - version 2.0

Blockchalter technology is the basis of all digital currencies. Each time a transaction or exchange in a digital currency network is performed, this action is recorded in the "block". Each of these blocks is tied to the entire chain.

Any network user has access to information in the blockchain. This means that transactions are publicly available, even if users remain anonymous. This structure also makes a digital currency very reliable.

Lightcoin actually uses this technology more efficiently than Bitcoin. Lightcine blockchain generates a new block every 2.5 minutes. This is 7.5 minutes faster than in the first cryptocurrency. This gives the benefits to traders who want to speed up the transaction. Of course, in Bitcoin, payments are accepted immediately to improve safety. But the world has a digital currency that is poorly regulated, security should be on the highest level.

With Lightcoin, the user receives both safety and speed.

On May 10, 2017, SEGREGATED WITNESS was activated in cryptocurrency. Segwit is a process in which blocks in the blockchain and the information in them decreases by extracting signature data from transactions. This technology allows Lightcino to handle lightning payments.

But Lightcoin is valuable not only by its speed. It also has a wide consumer attraction.

Round numbers in cryptocurrency

Digital currency is calculated using coins. Does not exist certain number Bitcoins - and the same applies to Lightcoin. But total amount Coins that can exist depends on the features of cryptocurrency. It works in favor of Lightcoin - it creates more coins than Bitcoin, which also likes to consumers. Each block has 50 lightcoins, and in the total number of 84 million.

The study showed that 57% of retail customers choose a product with a rounded price. Moreover, 4% of these customers are ready to pay more by choosing this currency. So in this plan, Lightcoin is better than bitcoins.

Since the appeal will be less bitcoins, it must be broken into decimal numbers. This means that you will pay 0.002 BTC for a cup of coffee, so people will be worse than currency.

Battle for algorithms

Excluding speed and volume of transactions, there is another key difference between two currencies: their algorithms. Most of the creators of altcoins take the same codes as the basis, but they change them.

In the case of bitcoins and lightcoins use two different algorithm. Bitcoin uses SHA-256 hashing algorithm, and Lightcoin - SCRYPT hash algorithm.

Now both of these algorithms are considered very powerful and promising, but for many years SHA-256 complicated bitcoins in the process of mining. Mainers used increasingly complex production technologies regarding small number coins.

Lightcloth hashing algorithm facilitates miners access to the system. This gives a lot of advantages.

First, the technology helps to encourage new beginner miners to participate in the creation of currency, which in turn contributes to the spread of Lightcoin. Moreover than large quantity Users will choose this cryptocurrency, the less attention to others will pay.

Secondly, simplicity of coin mining attracts more and more those who have previously engaged in bitcoins mining. Bitcoin costs significantly more than Lightcoin, but most of the mining is carried out only by supercomputers. Algorithms have become too difficult for ordinary miners. This means that many are much less go to Lightcoins.

Do I need to invest in lightcoins?

It is clear that Litecoin will be a powerful digital currency. Perhaps now it is too early to reflect on who will become a leading digital currency on the market. In fact, the winner will most likely not be. The future financial system could work using dozens of digital currencies. And Lightcoin is likely to be one of them.

This means that if you intend to buy Lightcin at today's price, now it can be easily done. Fortunately for investors, Lightcoin is a pretty simple digital currency for investment. His popularity and attractiveness will only increase.

The easiest way to buy a currency is to enter special sites and create account. After you get the username and password, you need to keep your banking information.

You can buy a digital currency using a credit card, bank account or paypal.

Litecoin (LTC) is one of the oldest cryptocurrencies, Hardfork Bitcoin. By coinmarketcup cryptocurrency Litecoin (LTC) is among the ten largest on capitalization. If Bitcoin is called digital gold, then Lightcoin is digital silver. What is the features of this blockchain technology, and what is the forecast for cryptocurrency Litecoin (LTC) for 2018?

The main characteristics of LiteCoin cryptocurrency (LTC) are shown in the table.

From the data in the table you need to pay attention to the maximum emission and on the algorithm, they indicate them in many reviews.

LiteCoin Blockchain (LTC) has an open source code that extends to the MIT / X11 license.

The official site has an interface in 13 languages, including in Russian and English.

How did Litecoin arose?

In 2009-2011 The first cryptocurrency exchanges began to appear, one of which was coinbase (coinbase.com). It worked for a programmer Charlie Lee, (Charlie Lee), who was actively interested in cryptocurrency and wanted to conduct experiments with new technologies.

At the time of creating LiteCoin, the problem with the overload of the Bitcoin network has not yet stood so acute. Charlie Lee conceived LiteCoin not a competitor for Bitcoin, but rather the field for testing the blockchain. Some innovations that are entered into the Litecoin system subsequently appear in Bitcoin. For example, Litecoin moved Segwit on April 26, 2017, and Bitcoin - August 26, 2017

Other technologies, such as Lightning Network, are embedded independently: in the Bitcoin network it happened on March 15, 2017, and in LiteCoin - September 1, 2017

The blockchain community has a conflict between supporters and opponents Charlie Lee. Some consider him a fraudster who took advantage of his position in Coinbase to spend LTC listing, brew a course and later at the peak of lifting to sell all its assets. Others are confident in his honesty and good intentions.

The fact remains a fact, Charlie Lee really quitted from Coinbase shortly after Listing, and in December 2017, when the LTC course reached a historic maximum and amounted to more than 300 dollars, sold coins.

Post Charlie Lee in Reddit.

In Reddit, he explained that his coins were small and could not collapse the course, however, after that the course went down.

From this video review you can find out some more interesting features of Litecoin. The famous blogger speaks of the relationship between Bitcoin and Lightcoin and the prospects for LiteCoin in the near future.

In general, LiteCoin remains a very modern blockchain first generation, and has some fundamental differences and advantages over Bitcoin.

Comparison Litecoin and Bitcoin

Bitcoin and Lightcoin have quite little common:

1. Consensus mechanism - Proof of Work, there is mining.
2. For the extraction of coins, the pros is most effective.
3. Blockchas have segwit and lightning network.
4. Emissions of coins is limited.
5. 6 blocks need to confirm the transaction.
6. Smart contracts and opportunities to produce their tokens on these platforms.

All other characteristics of these two cryptocurrency differ.

The LiteCoin network as a whole works faster than Bitcoin, it has not yet reached the limit of its bandwidth.

BitInfocharts.com data.

The Middle Commission in Litecoin is much lower, now it is about 0.16 USD, whereas in Bitcoin it is 2.43 USD. Current information can be viewed on Bitinfocharts.com.

LTC owners are very satisfied with the rapid speed of confirmation of transactions and low commissions.

Cryptographic algorithm

As a cryptographic algorithm in LiteCoin, SCRYPT was selected, which later became the second most popular among cryptocurrency. Initially, this algorithm was created in order to make it difficult to mining coins with the help of Asians. Cryptovali developers, and whether the centralization and capital concentrations are usually trying to avoid centralization and concentration of capital in the hands of large investors.

Under the SHA-256, which is used in Bitcoin, quite quickly created specialized computing machines, ASIC, consisting of several processors, power supply and a cooler. Asicians usually decipher only one cryptographic algorithm, they cannot be reflashing. Plus Asica is that it is many times more efficient than GPU or CPU, but it costs more. As a result, many ordinary miners cannot afford to buy ACC and get cryptocurrency.

SCRYPT generates a large number of pseudo-random sequences for which they need rAM. In the video cards, it is enough, and Asiki at first coped with such a task badly. But now they are created and under scrypt.

Segwit.

Tweet from Charlie Lee.

In the screenshot - tweet from the creator of LiteCoin, in which it reports in the start of Segwit in this blockcha.

Segwit (Segregated Witness) is a softforka, that is, updating software with backward compatibility.

Segwit performs the following functions:

1. Optimizes block structure.
2. Changes the method of checking transactions with full nodes.

Thereby:

1. The network bandwidth increases.
2. The speed and verification of transactions increases.
3. Simplifies the scaling of the blockchain.

The transaction consists of several parts, including the sender's cryptographic signature, which is created on the basis of a private key. The cryptographic signature takes up to 50% of the overall transaction size, and this place could be used more productively.

In Segwit, the signature is submitted to a separate structure (witness), which is verified only full knots. Ordinary nodes are not spent at this time, so the blockchain is faster, the location is released in blocks, and there can be included in additional transactions.

In addition, Segwit increases the battery protection from attack days of birth and eliminates the problem of plasticity of transactions.

Under the plasticity means the vulnerability of the system to making official constants in the transaction. This data does not change the hash identifier, but can create problems for the recipient and sender. If the modified transaction is first included in the blockchain, then the true will be rejected, with the result that someone will not receive their money.

Some beginners do not know what attack is birthdays, and even in reviews you can meet the wrong writing of this concept. Beginners are written "Attack Happy Birthday", although in fact, hackers and do not plan to congratulate birthday women.

The hacking method got its name from the birthday paradox. The essence of the paradox is that in a group of 23 people with a probability of 50% of two will coincide the dates of birthdays. This statement seems strange, but it is supported by a mathematical calculation. When attacking wallets with multi-verses, hackers, knowing one of the signatures, can quite easily decipher all the rest and kidnap the money. Segwit, which is used in Litecoin, makes such a hacking method impossible, because the signature is not included in the transaction.

Lightning Network and atomic swaps

Tweet from Charlie Lee.

In the screenshot - a message from Charlie Lee about a successful transaction through Lightning Network. He was in San Francisco, and the sender of money - in Zurich. Lightcoins came less than 1 second.

Lightning Network is a separate payment network, which is an add-in over the blockchain. LN allows you to:

1. Listed money almost instantly.
2. Exchange transactions not only within one chain, but also between blockchas, including between working on different cryptographic algorithms.

Lightning Network works in this way:

1. A channel is created between two nodes, it can be transactions in any direction.
2. When opening the channel in the blockchain is blocked cash and transmitted under control LN.
3. The channel exists until the coins are spent.
4. The situation in which one side listed the entire reserve of the other is called channel depletion. When exhausted, you can either make a translation in the opposite direction, how to replenish the balance of the reserve, or open a new channel.
5. When closing the channel, all unspent funds are returned to that blockchain, from where they entered.

The process of translation itself is called atomic (atomic) swap. Charlie Lee tested atomic swaps with LiteCoin (LTC) on Bitcoin (BTC), on Vertcoin (VTC) and on Decred (DCR).

Lightning Network is important technologyThrough which the isolation of blocks from each other is eliminated and a single economic network is created. Litecoin owners can instantly, without delays and restrictions, exchange transactions with holders of any other cryptocurrency supporting LN.

In this video review LiteCoin (LTC), the popular blogger speaks of the advantages of this coin and about its fake forces. The video is worth seeing those who plan to invest in LTC.

What is Litepay and Alba?

Litepay is payment systemwhich planned to produce debit cards with LTC support. This news for a few months heated interest in cryptocurrency Litecoin, but then at the end of March, the termination of the project was announced due to the technical difficulties.

Tweet from Charlie Lee.

In the screenshot - a message from Charlie Lee, in which he apologizes for this situation.

Dialogue Charlie Lee with an investor on Twitter.

Many remained very unhappy and disappointed. In the screenshot - a typical discussion of the problem in which the owner of LTC writes that it hopes that Alba will make something for Litecoin, and Charlie asks him why he believes that anyone must do it rich.

The situation with debit cards occurred, most likely due to the uncertain legal status of cryptocurrency.

ALBA is another project with the LiteCoin community expectations.

In the screenshots - tweets from Charlie Lee. In the first, he reports that the multicurrency mobile Wallet Abra wants to use the LiteCoin platform, and not Bitcoin Cash, because by technical characteristics Litecoin is better. And in the second it writes that the LiteCoin blockchain for 2 weeks will appear smart contracts. Abra is different from other wallets for the presence of smart contracts for investment. This is not the same smart contracts as Ethereum, with the help of Abra, it is impossible to create your own tokens.

While there is no smart contract in Litecoin, it is worth waiting for news in the near future.

What can I buy for lightcoins, useful links

Main page Litecoin.com.

List of stores selling goods and services in which you can pay by lightcoins, is constantly increasing. 86 are the largest shopping points Presented on the official website of developers LiteCoin.com.

In order to see the stores, you need to scroll through the Spend Litecoin header and click on Browse Merchants.

A large list of items will open, if you click on the icon, then there will be a transition to the official website of the seller.

In the right pane, not only shops are represented, but also other useful links for LiteCoin owners:

1. Cryptomats and ATMs working with Litecoin cryptocal wallets.
2. Block-exploiter to track the status of the blockchain in real time.
3. Links to forums and sites on which community members communicate.
4. Financial consulting services.
5. Exchanges for LTC purchase and sale.
6. Financial instruments, such as liquidity providers.
7. Resources for professional developers.
8. Litecoin news blogs.
9. Partnership systems using Litecoin blockchain.
10. Statistical and analytical services.
11. Charitable funds and non-commercial organizations taking LTC.
12. Links to wallets.
13. Social networks and contacts.

You can sort according to the specialization, for this in the drop-down list you need to select the item item. The main specialization of outlets are as follows:

1. Gift cards and certificates.
2. Computer and cantilever games, gambling.
3. Electronic cigarettes and waves, tobacco products.
4. Fine art and music.
5. Beauty and health.
6. Products and services related to the sphere cryptocurrency.
7. Clothing, shoes and fashion industry.
8. Jewelry and accessories.
9. Multimedia.

Not the entire list is distributed over these areas, for example, among other things, you can buy tickets and goods for travelers.

Unlike many other cryptocurrency, Litecoin really became a demanding payment facility and was able to create its own strong economic system.

Roadmap Litecoin.

In the screenshots - typical messages that people leave on forums in attempts to find Roadmap for Litecoin for 2018. There is no this document, nor on the official website, nor the largest forums like BitcoINTalk.org.

How and where to buy cryptocurrency LiteCoin?

Buy cryptocurrency Litecoin (LTC) can also be on stock exchanges, and in exchanger. All major trading platforms work with this asset.

Shipping Exchange

LiteCoin is sold by more than 90 exchanges, including:

• Okex;
• GDAX;
• BitFinex;
• Huobi;
• Bit-Z;
• Binance;
• Bitstamp;
• RightBTC;
• Coinsbank;
• Kraken.

LTC enters currency pairs with the following assets:

• USDT;
• INR and others.

There is an exchange and cryptocurrency, and Fiat.

Exchanges for output

Bestchange.ru interface.

The most favorable course in the exchanger can be sought through the site BestChange.ru. Those who do not know how to use this useful resource, this video will be useful.

There are the following options for LTC output through exchanging.

In addition, you can withdraw any bank cards Visa, MasterCard systems.

There are such conversion options to Fiat:

• in US dollars;
• in Kazakhstani tenge;
• in hryvnia;
• in Russian rubles;
• in Euro.

You can withdraw LTC on cryptocurrency wallets.

Name	Trading ticker currency
Bitcoin.	BTC.
Bitcoin Cash.	BCH
Ethereum.	Eth
Ethereum Classic	ETC.
Ripple.	Xmp
Monero.	Xmr.
Dogecoin.	Doge.
Peercoin.	PPC.
Dash	Dash
Zcash	Zec.
Tether.	USDT.
Nem.	Xem.
Augur.	Rep.
EOS.	EOS.
LISK.	LSK.
Tron	TRX

Exchanges Commission ranges from 1.5 to 7%.

Litecoin wallets

On the official site there are several versions of the wallet for LTC.

On how to create a Litecoin wallet, you can learn from this video.

And in this video tells about backup copying And about restoring the Litecoin wallet. it important informationwhich is useful to all owners of LTC.

There are some more comfortable and popular wallets not mentioned by the developers.

1. For long storage large sums LTC best use cold hardware wallets.
2. Small amounts or major investments for a long time can be stored on a wallet. At the same time, at a time with a paper medium, it is desirable to display all the cryptocurrency there.
3. Engage in trading is the easiest way from the wallets of the stock exchange, but the money earned from there should be immediately transferred to the desktop, best on the cold wallet. The stock exchanges own private keys, that is, traders do not belong to their money.
4. You can pay for goods and services with a hot desktop wallet or from a mobile application.

If any wallet can be hacked with inaccurate circulation, so the owner is important to comply with the precautions when downloading and using software.

How Maja Litecoin?

Mainers can produce Litecoin cryptocurrency by any of four ways.

The most profitable option is to work through the pools or on ACC.

Award for the generated block - 25 LTC.

Choosing equipment

Appearance Antmine L3.

As an equipment, the best result is given by Asiki. Charlie Lee believes that Asik Antmine L3 is most effective. Its price ranges from 120,000 to 180,000 rubles.

In this video, a specialist talks about the features of Antminer L3.

On possible technical failures and changes in the work of ACC during the LiteCoin mining, you can learn from this video.

Some miners use GPU or CPU, but this is not a very profitable option.

For cryptocurrency mining, miners programs are used:

• CGMINER;
• Phoenix;
• Diablo;
• POCLBM;
• Guiminer.

Learn more about how Main Litecoin, you can learn from this interesting video.

Calculator for profit calculation

1. bits.media/calculator/.
2. bitcoincloudmining.center/calculator-mayninga/ltc.

Some pools provide their calculators, for example LitecoinPool.org/calc. All Calculators program work according to one principle, you need to enter the cost parameters (commissioning board or cost of electricity, etc.), specify the Housing network, and the system will make a calculation of profits, taking into account the current course of the mined cryptocurrency.

Litecoin Pools.

There are more than 50 pools for LiteCoin mining. The table shows the main.

Site Pula.	Country
crypto.mine.nu:9327	Kazakhstan
crypto.office-on-the.net:9327	Kazakhstan
sonur.ru:9327	Russia
LitecoinP2Pool.com:9327	USA
magistr666.mine.nu:9327	Russia
ltc.5ip.ru:9327	Russia
pool.24r.info :9327	Russia
lTC.CoinPool.pw.	Germany
nordic-ltc.senties.net:9327	USA
zlatouust-crypto.office-on-the.net:9327	Russia
myBTccoin.com.	USA
aikapool.com.	Moldova
miningPoolhub.com.	USA
lTCPOOL.NL.	Netherlands
easymining.eu/ltc.	Germany
coin-pooling.com.	USA
lTC.HASHFASTER.COM.	Canada

The Pool Commission is about 2%.

Cloud Mining

Website genesis-mining.ru.

Cranes for LiteCoin.

The table shows the largest cranes for Litecoin.

Cranes for Litecoin are a rather unreliable way of earning. Anyone from sites can stop working or paying money, and no one will suffer responsibility for it.

On average, per day on the cranes for LiteCoin you can earn about 30-50 rubles.

Forecast for LiteCoin for 2018

Coinmarketcap.com data.

On the chart you can see that the Litecoin course to the dollar until January 2017 was kept in the area of \u200b\u200b1-4 USD, then during the year he was height to peak value in 327.85 USD, which was managed to achieve in January 2018. After that, the price became Strongly volatile with drawdowns sometimes up to 50%. The LiteCoin rate to the ruble still exceeds 9000 RUB, oscillations make up 5-10% per day.

Litecoin cryptocurid (LTC) remains one of the biggest assets on capitalization and is among the dozen on CoinmarketCUp.

It is unlikely that Litecoin will ever be able to compete Bitcoin (BTC) or ETHEREUM (ETH), but experts converge that this is a very interesting and potentially profitable asset. Here is an example positive review from the investment expert.

LiteCoin prospects for 2018 largely depend on whether Charlie Lee and the development team will be able to introduce smart contracts and continue the development of the project. It is alarming that the roadmap for 2018 is not for a longer period, and that the situation with the Alba wallet and the introduction of smart contracts is still uncertain.

However, Litecoin can be included in its investment portfolio in such a way that the LTC share accounted for 3-5% of the deposit. It will be difficult for beginners to engage in trading on such a volatile course, but experienced traders will be able to earn, and investors - to buy at a low price.

In the long run, when Bitcoin decides its problems with scalability and throughput Networks, the Commission will decrease, and Litecoin will not be so requested.

It is important to understand that no unique technology does not offer this cryptocurrency. She has all the possibilities of the first generation blockchain systems, but no more. Behind the news you need to watch carefully so as not to miss the moment when the market will lose interest in Litecoin.