Litecoin is not as well known as Bitcoin, yet its value has exploded by more than 8000% in just 1 year. This is an incredible feat for a virtual currency that is much less visible than the Bitcoin, which remains the most popular. Its inventor, a former Google alumnus, has something to be particularly satisfied with the success of its creation.
Cryptomonnaies such as Bitcoin are now being taxed by the State, the government has been particularly clear on this point. Their success is phenomenal and many investors want to make their money grow with these virtual currencies. The Bitcoin has 30 new investors per second, 20 million people now have an account in this virtual currency, but the latter is not alone in the arena. The Litecoin is in the process of wreaking havoc in its turn with the advantage of having an architecture considered more advanced than that of its competitor.
Litecoin: a virtual currency that humiliates the Bitcoin by earning 8000% value in 1 year!
The attractiveness of the Litecoin is immense, the virtual currency is gaining in popularity on trading platforms such as Coinbase. Its share price is up 8900% over a period of one year, i. e. approximately 290 euros to acquire a Litecoin at the time of writing. This virtual currency was created by Charlie Lee, a former Google employee, in 2011. Litecoin does not suffer from the delays of Bitcoin in the transaction validation process. Its algorithm is four times more efficient, which is why it is so fast.
Mining is more optimised than on the Bictoin, an operation that allows to generate money for cryptomaniacs. Investing in the Litecoin in the same way as the Bitcoin represents a huge risk for investors, since it is not regulated markets, we can expect that from one day to the next everything will collapse and lose part or all of the money invested. What do virtual currencies inspire you on your side? Do you have any? Feel free to express yourself in the comments.
Awesome info, thanks for the insight.
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Largest Exchange CME Group (NASDAQ: CME) will begin initial lists of bitcoin futures on December 18.
Bitcoin enthusiasts hope that the launch of bitcoin derivatives will allow institutional investors to invest in the digital currency trend, helping to make bitcoin a legitimate asset class and pave the way for an exchange-traded fund .
Elsewhere in the cryptocurrency business, Bitcoin Cash was at $ 1557, while Bitcoin Gold was at $ 274.11.
Ethereum, the second-largest market-cap currency cryptocurrency after bitcoin, was $ 664.93.
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Great article loved reading everything you had to inform us about litecoin!
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