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Litecoin Uncovered: A Journey into Digital Currency

by hotshed71

In this video, we dive into the world of Litecoin to unravel its mysteries and make digital currency easy to understand for everyone!

Whether you’re new to crypto or looking to expand your knowledge, this video breaks down Litecoin in a simple and accessible way.

Learn about its origins, technology, key features, and how you can start using it. Join us on this educational journey and discover the exciting world of Litecoin!

If you found this video helpful, don’t forget to like and share it with your friends who are curious about digital currency. Stay tuned for more informative content!

00:00:00 Intriguing Query
00:00:13 The Genesis of Litecoin
00:02:21 The Evolution of Litecoin
00:05:20 How Litecoin Works
00:08:09 The Impact of Litecoin
00:10:51 Key Takeaways
00:12:59 Closing Thoughts

 

Video

BitStarz now accepts Litecoin and Bitcoin Cash

by hotshed71

In an announcement that is sure to have gamblers everywhere smiling from ear to ear, BitStarz Casino is now accepting Litecoin (LTC) and Bitcoin Cash (BCH) deposits and wagers. Becoming one of the very first online casinos in the world to accept both of these leading altcoins  – with BCH recently becoming a fixture at Coinbase – BitStarz is looking to open the door to altcoins by offering LTC and BCH support.

LTC – one of the world’s foremost altcoins – launched back in 2011. Evolving from Bitcoin, it has grown to become not just a tremendous option for those looking to diversify, but also a viable currency for anyone that has intentions of taking the world of online casino play by storm. Fast payment confirmations, adaptive technical up scaling, and in many ways presenting the perfect compliment to Bitcoin, it was no surprise to see LTC’s value skyrocket during 2017.

BCH launched just a few months’ back, coming about through the Bitcoin Classic fork that caused a trading frenzy. What helped to generate interest in BCH was the increased size of its blocks, allowing for more transactions, lower transaction fees, and quicker transaction speeds. The whole purpose behind BCH was to craft a cryptocurrency that could compete with PayPal and Visa when it comes to transaction levels, which is probably why the demand for it amongst gambling circles has grown.

The altcoin market has been bubbling over lately, with this certainly not escaping the attention of the BitStarz team. Listening to players, it has covered every base to ensure that LTC and BCH are made available for use. Allowing members to deposit and wager in LTC and BCH at will, Softswiss games specifically will initially allow players to bet through BCH, with more providers waiting in the wings to add BCH betting support. Taking its cost effective fees and speed on board, it’s easy to see why the demand for both LTC and BCH functionality has grown, with BitStarz answering the call.

Topping the tree when it comes to hybrid-currency online casinos, Bitstarz.io has forged ahead, embracing Bitcoin as a payment option unlike anyone else. It isn’t just Bitcoin that features on the BitStarz cashier page either, with LTC and BCH now joining the ranks. Players will be able to play the hottest online casino games around through LTC and BCH deposits, so you won’t be left waiting should you want to put your Litecoin or Bitcoin Cash to work. Known for Bitcoin support, but now giving LTC and BCH its share of the spotlight, there is a reason as to why AskGamblers has labelled BitStarz as one of the most reputable online casinos around.

Srdjan Kapor (BitStarz Marketing Manager) was quick to comment on the arrival of LTC and BCH:

“As the uptake of Litecoin and Bitcoin Cash continues, the timing is perfect for us to announce that we will now be accepting both as deposit methods. Proving that we are one of the most flexible and accommodating online casinos around, BitStarz is happy to add LTC and BCH to our wealth of available cashier options moving forward.”

 

About BitStarz

www.bitstarz.io

BitStarz has blazed a trail for Bitcoin-based gambling around the globe, combining it with major international currencies to create a seamless online casino platform. That’s not all, as alongside Bitcoin, LTC, and BCH support, it loads up on games unlike any other casino around. Retro slots, video slots, 3D slots, progressive jackpot slots, and an array of table-focused favourite, you’ll never be left wanting for games at BitStarz that’s for sure. Powered by an Antillephone N.V, Curacao gaming license, outstanding personal service, souped-up withdrawal speeds, and a game selection that just keeps growing, BitStarz has become the leading name in Bitcoin – and now altcoin – casino play!

For more information on BitStarz and what this universally respected casino has to offer, please contact Srdjan Kapor at srdjan.kapor@bitstarz.com.

 

Press contact:

Srdjan Kapor

Marketing Manager

srdjan.kapor@bitstarz.com

www.bitstarz.io

Disclaimer: The opinions expressed in this article do not represent the views of HotCoin .Hotcoin is not responsible for the accuracy of any of the information supplied in Press Releases such as this one.

Differences Between Litecoin and Bitcoin

by hotshed71

The year 2017 will forever be remembered as a special boom year for the entire cryptocurrency industry. Bitcoin which always seems to dominate the news headlines witnessed an overall growth of over 1300% throughout the year, and at a given time was worth as much as 20 times its value from the beginning of the year before shedding some of that in a price correction.

Despite its love of the limelight, Bitcoin is far from being the biggest beneficiary of the price surge in 2017, Litecoin was among those that saw their prices surge several thousand percents from about $4, to about $400 at its peak. As a refresher, we will go over what make this altcoin different from Bitcoin and what it brings to the table for its users.

 

What is Litecoin?
Litecoin is a blockchain based cryptocurrency that was the creation of Ex Google Engineer Charlie Lee, who created it in 2014 to be what he termed the Sliver to Bitcoin. Litecoin is among the first altcoins in the industry and works broadly the same way Bitcoin does in both its mining and transaction, putting pressure on what was being perceived as some of Bitcoin’s points of weaknesses in providing a much more efficient peer to peer means of transaction between people no matter where they are located. Litecoin despite its improvement on the working indices of Bitcoin has always maintained it is just a currency that seeks to compliment rather than replace Bitcoin.

Bitcoin Vs Litecoin: The Differences
The following are the major differences between Litecoin and its big cousin the Bitcoin

Coin Cap: Both Bitcoin and Litecoin share a similarity in that both digital assets recognize the importance of scarcity in driving up demand and value of any given commodity, and as such both currencies come with a rather limited supply of currencies on their separate blockchains. However, while Bitcoin comes with a maximum supply of 21 million Bitcoins to be ever created on its blockchain, Litecoin has a more relaxed number which stands at 84 million Litecoins that will ever exist.

Transaction Speeds: One of the reasons that inspired the creation of Litecoin was the fact that Bitcoin was forecasted to become a rather slow and terribly tedious means of transaction for its users. A single block takes a minimum of 10 minutes to create on the Bitcoin blockchain compared to just over 2 minutes on the Litecoin chain. This makes Litecoin at least four times faster than Bitcoin as means of transaction

Cheaper Fees: Another perceived point of weakness in Bitcoin and which has been forcing a lot of businesses to abandon using it as their preferred means of exchange is that it has become terribly expensive to use, which makes it uneconomical to use for making micro payments. Litecoin in order to solve this problem gives its users the chance to use a currency that offers them close to zero transaction fees making it one the best choices for businesses that accept small payments for their goods and services.