Well, there are many types of Bitcoin clones out there ter the crypto market but Litecoin (LTC) stands out spil more than just another pretender to the sovereignty of Bitcoin. Firstly, it is a cryptocurrency of its own that leverages the power of the Srypt algorithm unlike Bitcoin and most cryptocurrencies that use the SHA-256 algorithm. Its unique algorithm makes it a cryptocurrency that is much lighter when compared to Bitcoin (BTC) spil it requires less workload to mine and enables swifter confirmation of transactions at just Two.Five minutes to Bitcoin’s Ten minutes. But wait, why hasn’t this long-standing digital metal overthrown Bitcoin? Well, let’s take a closer look.
Where Did Litecoin (LTC) come from?
Albeit Litecoin wasgoed created with the purpose of enabling speedy transactions, it has evolved into a store of value spil well. It wasgoed created by Charlie Lee who described it spil the “silver to Bitcoin’s gold” spil it’s based on the Bitcoin core software by Satoshi Nakamoto (the creator of Bitcoin). Since its creation, Litecoin has seen a tremendous growth ter its price just like other cryptocurrencies on the crypto market. Last year alone witnessed Litecoin budge up te price from a paltry $Four to a whopping $371 mark then straks correcting its value to its current price of around $180 according to CoinMarketCap.
Latest Spurred rumors about Litecoin
Just recently, Charlie Lee set the entire Litecoin community into a mix of reactions when he announced on Reddit that he had “ sold and donated” all his Litecoin(LTC) holdings citing “ conflict of interest” inbetween his public activity te the space and LTC’s future price perspective. While some speculated lack of faith from the creator ter light of competition from emerging coins, some applauded him for the decision.
Will Facebook integrate LTC?
Ter response to his decision to sell his stake ter LTC, many news sources have come out to attempt and explain why he made the stir. One particular webpagina by the name Zerohedge mentioned that the stir wasgoed based on the fact that Facebook has intentions of integrating LTC into its toneel. Combined with this wasgoed the fact that Zuckerberg had reportedly suggested that his company would be looking to integrate cryptocurrency into its toneel ter the near future.
Starbucks and Robin spandex hood accepting Litecoin rumors
Spil if that wasgoed not enough, more rumors have bot making rounds that Starbucks, might be accepting Litecoin payments. This came about on the 27 th of January 2018 during an earnings conference call that spotted the CEO of Starbucks hint about the acceptance of cryptocurrency payments by the worldwide coffee chain giant. He also added that Bitcoin is not “going to be a currency today or te the future” further leading to speculation of Litecoin spil the 2nd best option. Furthermore, Robinhood, a popular trading podium among millennials, has also recently announced crypto trading on its renowned toneel. Ter response, Charlie Lee responded ter a tweet asking Robin Fetish mask to accept his coin.
Albeit the world of crypto is not fresh to rumors and speculation, this and many other factors have led to more attention around Litecoin (LTC). Ter particular, Litecoin enthusiasts are hopping on the possibility of Litecoin being considered spil the 2nd most viable options to Bitcoin for brick and motor mainstream companies that want to get into cryptocurrency. Whether any of thesis rumors materialize, Litecoin still remains spil one of the most game-changing and stable cryptocurrencies ter the market today.