Bitcoin’s dominance in crypto payments undermined

Consumers and businesses are increasingly using digital tokens other than bitcoin to make purchases, according to BitPay Inc., one of the world’s largest crypto payment processors. According to BitPay data, the percentage of merchants who paid with bitcoin last year dropped to around 65 percent from 92 percent in 2020. In addition, ether payments accounted … Read more

“smart money” Litecoin whales are on a 15-week accumulation streak

Leading crypto intelligence firm Santiment is revealing some bullish on-chain metrics that are developing for Litecoin (LTC) behind the scenes. LTC is trading at $148 at time of writing, down 64% from its all-time high of $410 in a hard downtrend. Despite this, Santiment says crypto whales may have other plans for the early Bitcoin … Read more

Harbour will accept Litecoin payments

Harbor, which was founded in Gig Harbor, WA (in ther United States) is “a real estate development company involved in all aspects of the land development cycle including, land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Washington, California, Texas, and Florida.” Its business strategy “focuses … Read more

3 Differences Between Bitcoin and Litecoin

Litecoin is abbreviated as LTC, and the English name is LiteCoin, which is literally meaningless. Lite means lightweight, and the meaning behind Litecoin is lightweight currency. 1. Bitcoin generates a block every 10 minutes, while Litecoin LTC generates a block every 2.5 minutes. This means that Litecoin has faster transaction confirmation efficiency. Bitcoin transfers sometimes … Read more

What are the characteristics of Litecoin

LTC has a number of key differences from BTC. While both assets utilize a proof-of-work (PoW) mining consensus, Bitcoin employs a SHA-256 hashing algorithm, whereas Litecoin uses Scrypt. LTC has a larger maximum supply of 84 million coins compared with BTC’s 21 million. At 2.5 minutes per block, Litecoin transactions are faster and less costly … Read more

Litecoin has a long history

Forged in the fires of the early days of the crypto industry, Litecoin was created in 2011 from the efforts of Charlie Lee. A prominent figure in the crypto space, Lee’s resume includes work for Google and Coinbase. Lee, a computer scientist, created Litecoin from Bitcoin’s code, although Litecoin uses an open-source blockchain that is … Read more