Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" || LECTURE BY @yohan2on || HOMEWORK DONE BY @arsyadmaulana

Hi friends, how are you, I hope you are fine, today I will make a review about Altcoin, here I will follow this week's homework, which is Season 2 homework: Altcoins - Part1 "Looking beyond Bitcoin" by @yohan2on. Keep reading to find out what I have to say about him, without wasting a lot of time let's get started writing my homework,okey..

OK friends on this occasion I choose between the three options shown by @yohan2on I choose to explain about

LITECOIN

Since this is a modification of Bitcoin, the way to invest in Litecoin is not that different.
One thing to keep in mind is that Litecoin is a currency.
So, to get this, you will need to exchange some currency for Litecoin.
The currency we currently hold is the currency that can be exchanged for Litecoin.
Usually in Rupiah you have to convert to US Dollars first.
You can then exchange it for Litecoin in US Dollars.

In February 2021, the conversion to US dollars per litecoin was 201.32.
In Rupiah, you have to spend around 2.8 million dollars to get this cryptocurrency.
In Indonesia, you can buy and sell Litecoin and other cryptocurrencies on the cryptocurrency asset market such as Indodax.

The process of earning Litecoin is called mining.
Before investing, make sure the place you choose is really safe If have bought Litecoin, you can store it in a digital wallet dedicated to cryptocurrency.
Do you think Litecoin conversion is expensive?
However, prices continue to tend to rise very quickly.
So the possibility of losing is very small.

source image

Like Bitcoin, Litecoin is a P2P crypto asset that aims to serve as a global digital payment system. Like Bitcoin, Litecoin is a fully decentralized open source network without central authority. In other words, no one can control it.Litecoin (LTC), launched in 2011, is one of the oldest cryptocurrencies on the market. Unlike bitcoin, which is commonly referred to as "gold", it is also referred to as "silver". This is because bitcoin uses the same code as bitcoin and has many other similarities, but is faster and cheaper.Although LItecoin shares many similarities with Bitcoin, it does have several differences in terms of mining algorithms, fees, supply and transaction confirmation speed.

Market capitalization

Bitcoin's market cap is significantly larger than Litecoin's.
In 2020, the total value of Bitcoin in circulation is 128 billion US dollars.
By comparison, Litecoin's market capitalization is 45 times smaller, which is only about US $ 3 billion.
However, the value of Bitcoin's large market capitalization is actually smaller than 2017, amounting to US $ 326 billion.

The following is a table of data that I wrote from the 1st of April 2021

date	Last one	Opening	The highest	Lowest
15/04/2021	287,576	278,517	287,576	273,311
14/04/2021	278,517	267,518	278,517	267,518
13/04/2021	267,308	244,654	267,308	244,654
12/04/2021	244,654	252,479	253,694	244,654
11/04/2021	252,267	256,072	256,072	252,267
10/04/2021	256,201	220,881	256,201	220,881
09/04/2021	220,881	226,614	226,614	220,881
08/04/2021	226,614	219,245	226,614	219,245
07/04/2021	218,988	236,783	236,783	218,988
06/04/2021	236,716	221,292	238,788	219,291
05/04/2021	221,350	202,324	221,350	198,852
04/04/2021	202,324	195,339	202,324	195,339
03/04/2021	195,343	211,537	211,537	195,124
02/04/2021	211,616	202,641	211,616	202,641
01/04/2021	202,459	196,634	202,459	196,634

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Thank you to all friends for reading my post.
Professor @yohan2on, here's my entry for Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin"