The History of Litecoin
Litecoin was born in 2011 and has quickly presented itself as a serious rival for Bitcoin. It’s no wonder Litecoin is now in the top 5 cryptocurrencies as far as capitalization is concerned with more than $ 2 trillion as of late 2017. The future seems rather bright too, considering all the virtues LTC has in contrast to Bitcoin. But what’s so special about it? Let’s see, shall we?!
Litecoin current Price
What’s so special about Litecoin?
Just like virtually all other Bitcoin forks out there, Litecoin has just incremental differences in contrast to its big brother. It’s basically just a new name and a brand new (and shiny) logo whereas people now refer to Litecoin as crypto silver while Bitcoin is crypto gold.
Litecoin vs Bitcoin
The main features that distinguish Litecoin from Bitcoin are further explained down below:
- Faster transaction confirmations are achieved over a shorter block time of 2.5 minutes on average. Litecoin is 4x faster than Bitcoin in this regard (The block size is 1MB as with Bitcoin).
- Higher money supply. The money supply of Litecoin is set at 84 million. That’s exactly 4x more than Bitcoin.
- Mining Algorithm Scrypt . Litecoin also uses proof-of-stake (PoS), but the algorithm is programmed differently. Litecoin Mining (Scrypt) requires more memory than Bitcoin Mining (SHA-256), so Litecoins can often still be profitably mined with fast graphics cards rather than highly specialized ASIC miners.
Litecoin on Twitter
Advantages and features of the Litecoin LTC cryptocurrency
Check out the key features of Litecoin that make it a unique asset among all other cryptocurrencies available:
- Creation following Bitcoin in 2011
- Litecoin is a cryptocurrency using blockchain
- Mining more accessible because it requires less specialized equipment
- Block processing speed greater than Bitcoin
- Less saturation of the blockchain
- Cryptocurrency in the top of capitalizations
- Transaction costs generally lower than Bitcoin
- Great accessibility to sites to buy cryptocurrency
Additionally to those key differences featured above, it also must be said that Litecoin’s development is much quicker and involves less political involvement. That makes it astonishingly interesting for potential investors. The development speed can be seen in this example – the Activation of SegWit on Litecoin happened somewhere in May 2017 but it wasn’t a crucial technology (for Litecoin at least) since LTC block size limit was far from being top. This led to testing opportunity on LTC network before the official implementation on Bitcoin.
Future Predictions (Should you invest in Litecoin)
One thing is for sure – Litecoin is one heck of an interesting cryptocurrency. As a matter of fact, I’ll go out on a limb here and say that it’s probably among the hottest cryptos in 2018! Why is that so? Well, it has sunk down quite a bit after that huge spike in mid-December, meaning now is the right time to pump some money in it and hope for the best in the next month or so. Judging by the market opportunities at the time of writing this, there has to be another LCT spike just waiting to happen…
With so many to chose from, it may be a painful experience to find the right cryptocurrency to invest your money into. Some may offer you this, and some that, but in the end, it all comes down to the quality of blockchain technology. If it is done and implemented right, the coin will most likely get a lot of attention from the public and grow exponentially in almost no time. However, each currency is developing their mechanisms from day to day and setting new goals on a monthly basis. This may result in a drastic change of the way it keeps you safe or secures your identity, making the yesterday’s underdogs heroes of today.
Ark (ARK) is a cryptocurrency that already established a stable infrastructure capable of dealing with any upcoming obstacles. It is one of the best virtues you can look for when choosing a coin to purchase, which also tells you a lot about the overall quality and motivation of the team that runs it.
Custom made SmartBridge technology is one of the key features that put Ark on a different level from the rest. Such a mechanism makes ecosystem of interconnected blockchains possible, allowing them to communicate back and forth with ease. With all the innovative solutions, team Ark managed to achieve extremely fast blockchain while at the same time allowing great scalability.
Current Price ARK
Ark collaborates with ACES, an encoded listener node, allowing ARK transactions directly to Etherem without a need for an exchange. Further development of this mechanisms will create more options for its users and provide high quality decentralization.
ARK on Twitter
Future Predictions (Should You Invest)
Although it has been on the market for less than a year, Ark witnessed one of the biggest increases in value and overall market cap. Let’s just say a single coin was worth less than $0.5 USD six months ago, and currently is priced at $8.80, going over $10 couple of days ago.
The golden rule of making any sort of investment is buy-low, sell-high. Despite noticing such a huge leap forward we feel like the buy-low option on this one hasn’t yet closed. As crazy as it may sound financial experts predict it will continue growing at a slightly slower rate in the following year, and to be honest we completely agree. ARK is one of the hottest picks for purchase in this moment!
Ark Wallet and exchanges
From the personal experience, Ark exchange on Bittrex is extremely fast, taking only seconds for money to go from one place to another. Its lightning-fast speed compared to the most of the tokens available today is one of its biggest virtues. Besides Bittrex, a hand full of exchanges such as Binance and Upbit offer the ability to trade ARK coins.
Ark wallet is available for desktops and mobile devices, allowing you to access your money anytime and anywhere. Both Android and iOS are supported, while you shouldn’t have any troubles on the desktop either, as it is built for all major Operating Systems.
Ark has one of the most innovative and well-thought blockchains available on today’s market. It is characterized by extreme speed, great bridging abilities, and high security. There aren’t many areas it needs to improve in, as it has already reached an envious level in less than a year spent on the market. It hasn’t stopped trending since August 2017, and noticed the biggest increase in value sometime half through December last year, jumping from $350 000 000 market cap to $839 000 000 USD in less than 10 days. It is witnessing a minor dip these days, but we expect to see another increase in few days. For everything it has to offer, Ark is one of our favorite coins to exchange in this moment.
If there is one thing that marked year 2017., it must be the exponential growth of cryptocurrencies. It reached heights no one believed were possible, and the scary part is the fact it continues growing. Not only market giants such as Bitcoin or Ethereum gained a lot of public attention, but so did other hundreds of smaller and less popular currencies. One we are going talk about today, Aeron, didn’t leave its stamp on 2017., but could easily do so in the following year.
Aeron (ARN) was designed for a special purpose and is quite different from everything we covered so far. Such a diversity in blockchain technology really separates good from bad, and makes sure every now and then we discover something unique.
Its concept relies on a decentralized database and an online system which is designed to track everything aviation related, from aircraft maintenance to pilot logs. By doing so, room for error gets pretty small, and even in case something happens, the system allows for easy problem recognition and elimination. This way, it does not only function to keep everything in order but also improves aviation safety for everyone involved.
Aeron on Twitter
Future Predictions (Should You Invest)
Sitting at a market cap of $39 598 910 USD, at the time of writing this article, ARN is ranked 314th among the digital currencies but is expected to knock on “the top 100 door” any time now. As the matter of fact, a couple of days ago it was worth more than double, sitting on more than $100 000 000. For the folks that decided to purchase it that moment, it didn’t turn out to be such a great investment so far.
However, it has more than enough potential to get back on its feet and surpass its maximum value in a matter of days. We are not saying this scenario will happen most definitely, but the potential is there, and now may be the perfect moment to buy low. A single unit is currently worth just over $3 USD, while some financial experts predict it could stand at more than $14 USD per coin by the end of this year. The 5-year forecast projects its value will grow up to $59 USD, and if this turn out to be true, ARN could pay off big time for anyone who decides to give it a try.
Where to Buy Aeron (ARN)
If Aeron caught your eye, you shouldn’t have any problems getting your hands on it, as it is being listed on major exchanges such as Binance, HitBTC, Tidex, or Bit-Z. You won’t find many exchanges more trustworthy or with better speed than the ones being mentioned. Aeron (ARN) token sale became the first exchange platform on Binance after the closing of the sale even back on October 17th.
There will be a total of 100 000 00 ARN tokens created according to Aeron team. Circulating supply is currently at 13 000 000 units, which is far from reaching the maximum supply. Once the 100 million mark is reached, there will be no additional units available. During the pre-sale, a single coin was sold for $0.50 USD, already making a huge increase in value. There’s no doubt it paid off!
Bitcoin is a digital currency everyone heard off, and since 2017 there is new currency in town, sharing a lot with the current sheriff. Bitcoin Cash (BCH) is a result of Bitcoin scalability debate, which led to split of cryptocurrencies on August 1, 2017.
While having almost identical names, there are in fact a few key differences, such as 8 times larger block-size than Bitcoin what leads to quite faster transactions. Since it came out, it was very popular and there was massive exponential growth, as Bitcoin Cash at the time writing is approximately 2400 USD and definitely is the next big thing.
Bitcoin Cash fulfills the original promise of Bitcoin as „Peer-to-Peer Electronic Cash“. Although it provides super-fast transactions within seconds which can get confirmed in minutes, BCH is not as secure as ordinary Bitcoin. However, it is secure enough as it provides one of the most robust blockchain technology in the world.
Furthermore, it is really easy to use, stable and reliable. BCH follows Nakamoto roadmap of global adoption with on-chain scaling and the block-size limit has been set to default to 8 MB. It uses a client called Bitcoin ABC and is a fork of the Bitcoin blockchain ledger with upgraded consensus rules which allow its growth and scaling. Also, one of the features is interesting as owning Bitcoin leads to owning Bitcoin Cash at the current exchange rate of 1 BTC for approximately 6.5 BCH.
Bitcoin Cash Twitter
There has been a lot of fuss about almost any cryptocurrency you can think of lately, and BCH is no different.
Mixing up BTC and BCH addresses is a problem which used to occur for some users while using Bitcoin ABC. Amaury Sechet, the lead developer of the software, announced new address format last November, and it was published a couple of days ago.
Future Predictions (Should You Invest)
Although it is hard to calculate and tell for sure what is going to happen, Bitcoin Cash has a huge potential and is definitely worth a look for anyone wanting to invest into digital currencies or trade the ones currently owning. In the following couple of days, it could take a slight hit which could be the best buy-low option. Exchanging it to currencies sitting lower on market cap is something you can feel free to do if you want to make some additional earnings momentarily. This may be the best way of getting past the possible price-drop without a scratch and with a thicker wallet.
Bitcoin Cash is yet another cryptocurrency that experienced a significant growth in value over an extremely short period of time. There are many reasons for this trend to continue, although there are some skeptics claiming there is no long-term future in any of modern day digital currencies.
This coin, in particular, was built upon the rules of the greatest ones and has found its way to cope with the best quickly after being released on the market. Although it may not be as secure as bitcoin itself, BCH has its own advantages. Compared with BTC it offers fast peer-to-peer transactions, worldwide payments anytime, and low processing fees.
For the last few weeks, cryptocurrencies have been hyped by all popular media.
Prices have been grown for the last few months, so many people found themselves earning some money by buying or mining them. One of those is most popular digital currency Bitcoin that have forked.
Bitcoin gold was the fourth hard fork, right after the Bitcoin cash, Bytheter and Bitcoin Classic. A hard fork is an event, that causes separation of Bitcoin blockchains into two separate blockchains, making two separate networks. For one Bitcoin that you have, you will get one Bitcoin gold. The fork doesn’t mean we will get some free new cryptocurrencies!
What does it mean for basic users?
Bitcoin gold has made mining interesting for the basic users because they have changed their code, and most importantly their proof-of-work algorithm to Equihash algorithm.
That would mean that we don’t need expensive equipment to mine and one block on average is mined in 10 minutes. With every new mined block, new bitcoin gold is released which is same as other cryptocurrencies.
To get Bitcoin gold on a new forked network, you have to own bitcoins. If you had a few bitcoins before block 491406 was mined, you got 1 Bitcoin gold for every Bitcoin you owned.
BItcoin Gold Twitter
Future Predictions (Should You Invest)
Currently, a single BTG coin is priced just under $300, but it changes drastically on an hourly basis. The circulating supply of coins is almost reaching a total supply that will be released on the market. For this reason, it may be a good option to hold your investment.
If you are looking to exchange currencies and monitor market on a daily basis we would recommend some other options, as this one most likely isn’t going to make a huge leap when it comes to value. Currencies such as Verge, Litecoin or even ones like Bread should be the top priority.
Bitcoin gold vs bitcoin cash
Bitcoin Cash has been longer on the market, so it is more accepted by the community, but users that want to get inside the market by mining Bitcoin Gold would find it easier to mine it by using their own computers. That is because „ASIC“, the mining hardware which is used for mining Bitcoin and Bitcoin Cash is more expensive than the „GPU“ hardware which is basically our graphics card that we have in our computers.
The major difference between those two cryptocurrencies is that they are not using the same algorithm. Bitcoin cash is using the same algorithm as classic bitcoin, which is named SHA256. On the other hand, the algorithm that is used for the bitcoin gold is called equihash. Equihash is memory oriented so it needs more RAM memory, while SHA256 is oriented in more processing power which is CPU.
Bitcoin Gold is yet another currency that is part of the magical world of cryptocurrencies that took our world by storm. The value will always be determined by the demand for it. Future will show us if the cryptocurrencies are the next big global thing or just a stepping stone for something bigger, something that could change banks as we know today.
Bitcoin Gold, as one of the pioneers, could be a great option to invest if you are looking to hold onto your money for quite some time until it actually reaches its maximum supply. At the time of writing this article, Bitcoin Gold was sitting on the impressive market cap of almost $5 000 000 000. If that’s not a good sign then I don’t know what is!