Litecoin has a total supply of 84 million coins because its creator, Charlie Lee, designed it to have four times the total supply of #bitcoin , which has a cap of 21 million coins. This decision was made for several reasons:
1️⃣ Scarcity vs Usability:
By having a larger total supply, #Litecoin was intended to be more accessible for everyday transactions. With more coins available, the value of each individual Litecoin would theoretically be lower, making it more suitable for small transactions.
2️⃣ Mining Duration:
Litecoin uses the same halving mechanism as Bitcoin, where the rewards for mining new blocks are halved approximately every four years. However, to maintain the mining process for a similar duration as Bitcoin (about 130 years for both to reach their max supply), Litecoin needed a higher initial supply and halving frequency. The block reward started at 50 LTC and halves every 840,000 blocks.
3️⃣ Differentiation and Experimentation:
Litecoin was created as a "lite" version of Bitcoin, experimenting with different parameters to see how changes like supply, block time (2.5 minutes vs. Bitcoin's 10 minutes), and mining algorithm (Scrypt instead of SHA-256) affect the performance and utility of a cryptocurrency.
4️⃣ Psychological Factors:
A larger number of coins could make the cryptocurrency seem more approachable to new users who might be intimidated by Bitcoin's smaller supply and higher price per coin.
This design choice has been part of Litecoin's identity since its inception in 2011, aiming to complement Bitcoin by offering a faster, lighter alternative with its own unique characteristics
Ⓜ️ In the crypto market #Bitcoin is the digital gold.
#Litecoin ( LTC ) is the only digital silver.👇
🟦 Why #Litecoin?!
🔷LTC = POW- Proof of Work = (Proof Of Winning)🥇
🔷Provably Secure: Built on rock-solid cryptography.
🔷Decentralized: Power away from central authorities.
🔷Unwavering Reliability: 100% uptime for over 13 years.
🔷Finite Supply: Ensuring scarcity and value preservation.
🔷Fungibility: With MWEB, every LTC remains equal.
🔷Fast & Low-Cost
🔷Transfers: Making it a choice medium for transactions.
✴️ A couple things that Litecoin has that Bitcoin doesn’t have.
🔸 100% uptime
🔸4x faster block times
🔸Non-competing mining algorithm
🔸No RBF / no mempool sniping
🔸No satoshi stash
🔸Known founder
🔸Low fees
🔸Doge merged mined with it
🔸MWEB / L1 privacy / fungibility
🔸Second mover advantage
🔸Lower market cap / more upside
For a future where finance is transparent, equitable, and truly decentralized.
💥Which mechanism is better POW or POS?
#Litecoin ( LTC) = POW = Proof of Winning 🥇
🟠POW=(Proof Of Winning)🥇
🔶 POW mechanism: always sustainable, everlasting, non-inflationary, limited Token supply, following the principle of cryptocurrency is anti-inflation, serving as a store of value, digital assets when owned, investors will increase the value of assets over time.
🟣 POS = (Proof Of Shit)🤣🤣
🔻POS mechanism: endless Token inflation, huge circulating supply, no value for investors when owning long term, depreciating over time
🌐🟢The future of the crypto world lies in #Bitcoin and #Litecoin
Ⓜ️#Litecoin Will Shine In The Bull Cycle 👇
1. Litecoin is decentralized
2. Litecoin helps secure Dogecoin
3. Litecoin is #1 on BitPay
4. Litecoin has 100% uptime
5. Litecoin is #1 alt on ATMs
6. The founder doesn’t have a stash
7. Litecoin has layer-1 scaling w/ SegWit & MWEB
8. Litecoin is secure & dominant in Scrypt
9. Litecoin had the fairest launch
10. Litecoin is massively undervalued
11. Litecoin is a perfect complement to Bitcoin
12. Litecoin is over 13 years old
13. Litecoin is deemed a digital commodity by CFTC
14. Litecoin has low fees
15. Litecoin has privacy
16. Litecoin’s founder is the OG of OGs
17. Litecoin’s on every platform
18. Doge is litecoin’s best friend
19. Litecoin Could Be the Next ETF Option in the Future
20. Litecoin performs the best payment function in the crypto industry with the cheapest, fastest and most secure fees
21. Litecoin is the digital silver second only to Bitcoin
22. Litecoin has a limited supply of 84M, current circulating supply is 75.38M, no inflation, worthy of being a long-term investment coin
23. Litecoin of the people, by the people and for the people of the whole world
24. Litecoin is the king of digital silver, the king of payments, the king of store of value, the digital asset of the world. 🌎🚀🚀
🔶Bitcoin is digital gold + store of value
🔷 #ETH : Smart contract + financial market
🔵 Litecoin is digital silver, inflation-proof + payment + money + high liquidity, store of value + most popular, most sustainable worldwide
Litecoin often referred to as the digital silver.Litecoin is a cryptocurrency that historically has had faster transaction times and a more efficient mining process than Bitcoin. Designed for everyday use, Litecoin may cater to those seeking a rapid and widely-accepted cryptocurrency for various online transactions.
💎🔵#Litecoin season has just begun 🚀🚀
🔶Bitcoin has a total supply of 21 million
🔷Litecoin has a total supply of 84 million
🔷Litecoin's total supply is 4 times that of Bitcoin
=> Litecoin's future price = 1/4 of Bitcoin's price
Litecoin is currently undervalued, much cheaper than Bitcoin
🟣For example:
🔺Bitcoin price = $100,000
🔺Litecoin price = $25,000
Litecoin is a great choice for value investing
Litecoin is better than Bitcoin in every way
Investing in Litecoin now will yield much larger profits than Bitcoin in the future 👌👌
Litecoin is king 🥇💙👑
Litecoin is digital silver
Litecoin is the future
Litecoin is forever
Ⓜ️ 🔵Quick rundown on Litecoin:👇
🔹Fast
🔹Liquid
🔹Scarce
🔹Robust
🔹Secure
🔹Fungible
🔹Scalable
🔹Trustless
🔹Borderless
🔹Low tx fees
🔹Fixed supply
🔹100% uptime
🔹Sound Money
🔹Decentralized
🔹Permissionless
🔹Optional Privacy
🔹Deflationary asset
🔹No founder's stash
🔹Digital Commodity
🔵#Why is the whole world investing in #Litecoin ( LTC ) ?!
Investing in Litecoin (LTC) can be justified by several compelling reasons, based on its technical features, historical performance, and its role within the broader cryptocurrency ecosystem:
1. Speed and Efficiency:
🔸Faster Transaction Times: Litecoin offers faster confirmation times than Bitcoin, with blocks generated every 2.5 minutes compared to Bitcoin's 10 minutes. This makes Litecoin more suitable for everyday transactions where speed is crucial.
🔸Lower Transaction Fees: Litecoin's fees are typically lower than Bitcoin's, making it an attractive option for small transactions or micropayments.
2. Complementary to Bitcoin:
🔸Digital Silver: Often referred to as the "silver" to Bitcoin's "gold," Litecoin serves as an alternative with similar technological foundations but different optimizations, offering investors a way to diversify within the cryptocurrency space.
🔸Testbed for Bitcoin Innovations: Litecoin has historically been used to test technologies before they're implemented in Bitcoin, like Segregated Witness (SegWit), which can give insights into future Bitcoin developments.
3. Decentralization and Security:
🔸Scrypt Algorithm: Litecoin uses the Scrypt hashing algorithm for mining, which was initially designed to be more resistant to ASIC mining, thereby potentially fostering a more decentralized mining community compared to Bitcoin's SHA-256.
🔸Mining Distribution: The mining process for Litecoin is more accessible to individuals due to lower hardware requirements, which can lead to broader participation in network security.
4. Adoption and Use Cases:
🔸Wide Acceptance: Litecoin is accepted by a significant number of merchants worldwide, including through payment processors like BitPay, making it practical for real-world transactions.
🔸Integration with Services: Litecoin has seen integration into various financial services, including cryptocurrency ATMs, payment gateways, and even partnerships with major companies like UFC.
5. Stability and Longevity:
🔸Proven Track Record: As one of the oldest cryptocurrencies (launched in 2011), Litecoin has demonstrated resilience and stability over time, surviving multiple market cycles.
🔸Consistent Performance: Despite not reaching Bitcoin's highs, Litecoin has shown consistent performance, often rallying in tandem with Bitcoin but sometimes outperforming other altcoins in terms of stability and recovery.
6. Technological Developments:
🔸MimbleWimble Extension Blocks (MWEB): Litecoin introduced privacy features with the MWEB upgrade, enhancing fungibility and privacy for transactions, which can increase its utility and appeal.
7. Market Position:
🔸High Liquidity: Litecoin maintains high liquidity, being listed on virtually all major cryptocurrency exchanges, which reduces the risk associated with trading and investing.
🔸Market Sentiment: Discussions in crypto communities often highlight Litecoin's role during bull runs or as a leading indicator for altcoin seasons, suggesting potential for growth.
8. Investment Diversification:
🔸Portfolio Diversification: For those heavily invested in Bitcoin, Litecoin provides an opportunity to diversify within the crypto space while still investing in a well-established cryptocurrency.
9. Potential for Institutional Interest:
🔸ETF Discussions: There have been talks and filings for a Litecoin ETF, which could potentially bring more institutional money into LTC, mirroring the impact seen with Bitcoin ETFs.
10. Community and Development:
🔸Active Community: Litecoin has an engaged community and a dedicated foundation that works on development, partnerships, and adoption, ensuring ongoing support and evolution of the network.
These factors collectively make it an attractive investment for those looking to diversify, invest in a cryptocurrency with practical use cases, or bet on the continued evolution of blockchain technology.👍👍
Ⓜ️#Litecoin leads the world for payments.
1. Speed of Transactions:
- Block Time: Litecoin has a block generation time of 2.5 minutes, which is significantly faster than Bitcoin's 10 minutes. This means transactions can be confirmed much quicker, making it ideal for payments where speed is essential.
2. Low Transaction Fees:
- Cost-Effectiveness: Litecoin transactions typically have very low fees, often less than $0.01, making it cost-effective for both merchants and consumers. This is particularly advantageous for microtransactions and everyday payments.
3. Scalability:
- Higher Transaction Throughput: Litecoin's network can handle more transactions per second compared to Bitcoin due to its faster block times, providing better scalability for payment processing. This has been noted as a reason for its popularity in payment scenarios.
4. Merchant Adoption:
- Widespread Acceptance: Litecoin has been adopted by various merchants, including large corporations like Newegg and online payment platforms like BitPay, where it has even surpassed Bitcoin in usage for payments. This widespread acceptance underscores its practicality for payments
5. Stability and Security:
- Established and Secure Network: Since its launch in 2011, Litecoin has maintained a secure network without significant downtime or security breaches, providing confidence to users for payment purposes.
6. Community and Developer Support:
- Active Development: Litecoin benefits from an active development team and community, which continuously work on improvements and integrations that support its use in payments. This includes the implementation of technologies like SegWit and MWEB for enhanced privacy and efficiency.
7. Decentralization:
- No Central Control: Like Bitcoin, Litecoin is decentralized, meaning no single entity controls its transactions or supply, which aligns with the ethos of cryptocurrencies for payments where trust in a central authority is minimized.
8. Real-World Usage:
- Practical Use Cases: Litecoin has been used for remittance payments, microtransactions, and as a payment method in various sectors, demonstrating real-world utility beyond just speculation.
9. Comparison with Other Cryptocurrencies:
- Against Bitcoin: While Bitcoin is the leading cryptocurrency, its higher transaction fees and slower confirmation times make Litecoin more suitable for payments in many contexts.
- Against Other Altcoins: Many altcoins either lack the stability, recognition, or infrastructure that Litecoin has built over the years for payment processing.
10. Ecosystem Support:
- Wallets and Payment Gateways: Litecoin is supported by a vast array of wallets and payment gateways, making it easy for businesses to integrate and for users to manage their payments.
Litecoin's combination of speed, low cost, wide acceptance, and robust infrastructure positions it as one of the top cryptocurrencies for payments.
Ⓜ️#Litecoin has been used for testing new #Bitcoin technologies before they are implemented on the #Bitcoin network.👇
1. Segregated Witness (SegWit):
🔷 Litecoin : SegWit was first activated on the Litecoin network in May 2017. This allowed developers and miners to observe how SegWit would work in a live environment without risking the stability of Bitcoin.
🔶 Bitcoin : Following the successful implementation on Litecoin, SegWit was activated on the Bitcoin network in August 2017. The Litecoin test provided valuable insights into how SegWit would affect transaction malleability, block size, and network scalability.
2. Lightning Network :
🔷 Litecoin : The Lightning Network, aimed at facilitating faster and cheaper transactions threw off-chain transactions, was also initially tested on Litecoin. This included the first real-world transaction using the Lightning Network on Litecoin in December 2017.
🔶 Bitcoin : The experience gained from Litecoin helped in refining the Lightning Network protocols, which were then implemented on Bitcoin. This testing phase was crucial for debugging and optimizing the network before its broader adoption on Bitcoin.
3. MimbleWimble Upgrade :
🔷 Litecoin : While not yet implemented on Bitcoin, Litecoin has been experimenting with MimbleWimble, a privacy and scaling protocol. Litecoin's MimbleWimble Extension Blocks (MWEB) were activated in May 2022. This implementation aims to enhance privacy and improve scalability, providing a potential blueprint for Bitcoin if it decides to adopt similar privacy features.
4. Atomic Swaps :
🔷 Litecoin : Atomic swaps, which allow for direct, peer-to-peer cryptocurrency exchanges without intermediaries, were first demonstrated with Litecoin. This technology was tested between Litecoin and Bitcoin, showcasing how cross-chain transactions could work.
🔶 Bitcoin : Although atomic swaps have not been widely adopted on Bitcoin due to various reasons including usability and liquidity, the Litecoin trials provided a proof of concept.
These examples demonstrate how Litecoin, with its similar codebase to Bitcoin but less conservative community, has been instrumental in testing new features in a real-world scenario before they are considered for Bitcoin. This approach allows for experimentation with lower risk, providing valuable data and experience to the broader cryptocurrency community.
Ⓜ️#Litecoin vs all other Altcoins in the Entire Crypto Market Right Now! 👇
1. Litecoin offers faster transaction times with block creation every 2.5 minutes, compared to the slower times of many other altcoins with the same PoW mechanism.
2. It has lower transaction fees, making it more cost-effective for daily use than other altcoins.
3. Litecoin's mining algorithm, Scrypt, was initially designed to be ASIC-resistant, promoting wider participation in mining.
4. Its supply is capped at 84 million, providing a predictable and controlled inflation rate, similar to Bitcoin but with more coins available.
5. Litecoin has one of the longest track records among altcoins, established in 2011, showcasing stability and reliability.
6. The Litecoin network has consistently high liquidity, making it easier to buy, sell, or trade compared to many other altcoins.
7. Litecoin supports SegWit and the Lightning Network, improving scalability and enabling microtransactions.
8. It's widely accepted by merchants, with over 2,000 merchants accepting $LTC globally, offering real-world utility.
9. Litecoin has a strong community and developer support, ensuring ongoing development and security enhancements.
10. The MimbleWimble upgrade adds optional privacy to transactions, a feature not standard among all altcoins.
11. Litecoin's blockchain is highly secure due to its mature mining network, reducing the risk of attacks.
12. It has a significant presence in the ATM market, being the top altcoin accepted, enhancing its accessibility.
13. Litecoin enjoys robust infrastructure support with numerous wallets and exchange listings.
14. Unlike many altcoins, Litecoin does not have a founder's stash, promoting fairness in distribution.
15. It has proven resilience through multiple market cycles, maintaining relevance and stability.
16. Litecoin has a high level of decentralization with a diverse group of miners and nodes.
17. Its technical similarity to Bitcoin makes it a trusted and familiar alternative for Bitcoin users.
18. Litecoin has been used for testing new Bitcoin technologies before they are implemented on the Bitcoin network.
19. The coin has seen consistent growth in transaction volume, indicating active use and adoption.
20. Its uptime record is impressive, with the network having 100% uptime, ensuring reliability for users. 💎💎🚀🚀
$PEPE Entry Point: You can enter when the price approaches the 0.000001132 level (near the current support line) with a bullish confirmation from indicators like MACD if the DIF line moves above the DEA line.
Take Profit: You can set the target at 0.000001432 (near the middle line of the Bollinger Bands) as an initial profit level.
Stop Loss: It’s advisable to place the stop loss at 0.000001103 (below the recent low support level) to protect your capital.
#CEXvsDEX101 For me, $BTC BTC has huge psychological support at “$100k”. However, it is always possible in a black swan event we push down to 98-99k.
But most likely scenario we do not see below $100k again, my main reason why is because I believe the entire dynamics of Bitcoin has changed ever since institutions and governments are buying bitcoin in the billions.
I’m a bull here. 🐂 WILL $BTC EVER GO BELOW $100K AGAIN ⁉️
Comment your thesis below, are you bullish or bearish here, and why?⤵️