Čvn 13

Litecoin and Lightning Network Coming Very Soon to Bitstamp?

· June 13, 2017 · 1:20 pm

Bitstamp tweeted a mysterious video featuring a lightning bolt seemingly making a thumbs up which follows speculation that Litecoin will be soon added to the site. The video also suggests that access to the lightning network is coming too.


Litecoin Rumors

The mysterious tweet coincides with Litecoin creator Charlie Lee’s departure from Coinbase where he worked as their Director of Engineering for the past two years. Coinbase recently added Litecoin to the site and their exchange GDAX where it has seen good trade volume with today’s LTC/USD market seeing a 468,665 LTC trade volume in the last 24 hours.

This flurry of activity for Litecoin follows its implementation of SegWit. Yet to be implemented for Bitcoin, SegWit (Segmented Witness) is seen by many as the solution to Bitcoin’s current scaling problems, allowing for larger block sizes and faster transaction times.

SegWit and Litecoin

With its lightning network capabilities, Lee sees Litecoin’s long-term goal as alleviating some of the smaller transactional volume, perhaps using it for micropayments such as buying coffee with zero confirmation times or transaction fees.

Many already see Litecoin as a testing ground for future Bitcoin features, however, Lee remains committed to Bitcoin too, as he also contributes to its development and has tweeted in the past about Bitcoin being regarded as a real store of value – gold to Litecoin’s silver. He argues that if you are wiring $50,000 to your bank, you could still use Bitcoin for the increased security that comes from its larger network of decentralized miners.

When Lightning Strikes

The implementation of the lightning network on Litecoin, which was initially developed for Bitcoin, is now a reality on Litecoin. It brings instant payments with no need for block confirmation times. Security is enforced by blockchain smart contracts and payment speeds are in the milliseconds to seconds range.

Its scalability means that it is capable of handling millions – even billions – of transactions per second across the network. It is low cost, as it settles off chain it allows for exceptionally low fees, which is why it is ideally suited to instant micropayments.

The most crucial benefit of the lightning network, however, is its ability to cross blockchains. This will allow for cross blockchain atomic swaps without trust in a 3rd party. This feature means that the lightning network would also need to be available on that coin too, something that could be a reality with Bitcoin should the coin pull off its UASF to enable Segwit. We live in exciting times.

Do you believe the rumors? Should UASF be activated on Bitcoin or should Litecoin take the lead? Let us know in the comments.


Images courtesy of Twitter, AdobeStock, Reddit

Show comments

Share
Kvě 10

Litecoin Activates SegWit Today As Price Nears $40

· May 10, 2017 · 9:48 am

SegWit activation day is here for Litecoin as the fourth-largest cryptocurrency gains another 38% in price.

Litecoin Passes $35, Lee Remains Cool

With just several hours to go before its “locked-in” status changes to “activated”, investors are celebrating as Litecoin’s price per token exceeds $35.

The surge marks a turnaround in the altcoin’s fortunes, prices having suffered earlier this week as assets across the board hemorrhaged value.

Poloniex, a major altcoin exchange, experienced slowness and loading problems, which some pointed to as a major cause of panic selling resulting in a broad comedown.

On Twitter Wednesday, Litecoin creator Charlie Lee appeared naturally upbeat, noting nonetheless that this was just the start for his cryptocurrency.

SegWit Still King For Investor Confidence

The rags-to-riches story has been marked by overwhelming investor appetite for SegWit. The confidence that accompanied Litecoin locking in the technology appeared to engulf any misgivings or even alleged attempts to derail the process.

This in turn led to a rapid U-turn for two other altcoins, namely SysCoin and Vertcoin, which both successfully activated SegWit and benefitted from giant price rises.

As in the case of Litecoin, criticism that SegWit activation was simply a tool for developers to make money did not stop trading interest.

Now, Litecoin will no doubt be eyeing the next step in the chain – introduction of Lightning Network transactions.

Lightning Network Brewing

“The activation of segwit on Litecoin allows us to deploy Lightning on an active production blockchain,” Lightning’s Olaoluwa Osuntokun wrote in a blog post last week.

“With our ultimate launch, we’ll be able to examine monetary incentives within the network, observe the emergent properties of the networks’ channel graph, and see the rise of production services and applications built on top of the network.”

A survey conducted by Lee meanwhile suggested Litecoin users were keener on harboring their funds long term than testing Lightning.

Lee himself stated that he intended to both “hodl” and test the technology.

Across the altcoin board meanwhile, only a modest recovery is noticeable, while Bitcoin is also down from its near $1800 highs. The figures will likely be music to the ears of experts such as Vinny Lingham, who repeated warnings about “bubbles” in recent public comments.

What do you think about Litecoin after SegWit activation? Let us know in the comments below!


Images courtesy of

Show comments

Share
Dub 22

Litecoin: Bitmain Trades Sides, Supports SegWit Activation

· April 21, 2017 · 9:10 pm

Litecoin’s problematic course towards Segregated Witness (SegWit) activation has ended in an unusual display of unity.


Litecoin Roundtable: We ‘Unanimously Agree’ On SegWit Activation

Following a meeting of Chinese cryptocurrency players including exchanges and miners, a consensus was reached on activating SegWit despite some participants having previously been against the idea.

The so-called Litecoin Global Roundtable included Litecoin creator Charlie Lee, exchanges Huobi and Okcoin and formerly anti-SegWit mining pool Bitmain.

Summarized minutes released from the meeting confirm that subject to community support, participants “unanimously agree” to “implement Segregated Witness softfork on Litecoin.”

“When the usage of Litecoin block capacity is over 50%, we will start to prepare for a solution to increase the 1MB block size limit through a hardfork or softfork,” a proviso adds.

Bitmain Gets Behind Litecoin SegWit

The big surprise from Friday’s events was the support of Bitmain, whose CEO Jihan Wu had previously stated his opposition to SegWit on numerous occasions, both for Bitcoin and Litecoin.

Now, it appears, both Wu and Bitmain have U-turned on the idea.

The Roundtable added:

We want to emphasize that this roundtable meeting represents only the consensus of participating members, and cannot make a decision on behalf of the Litecoin community.

U-Turns Abound

Litecoin’s approaching SegWit activation threshold had caused a significant uptick in its price. Having traded at just under $4 per coin for a considerable period, increasing miner support saw it shoot past $10 and stay at these levels.

As interest increased, however, rumors began spreading of manipulation by Bitmain, which was accused by pro-SegWit Shaolinfry of artificially hindering Litecoin’s activation.

Lee himself appealed to the community to force a user-activated soft fork (UASF) to counter such activities. In a further sign of how the situation has changed, the Roundtable members added that they were now against as UASF with a specific activation schedule, stating:

We do not advocate a flag-day ‘UASF’ that does not go through [sic] any users or community voting process. This type of forced upgrade without community consensus put Litecoin in a risk of split

What do you think about the latest events for Litecoin? Let us know in the comments below!


Images courtesy of AdobeStock

Show comments

Share
Bře 01

Top 3 Cryptocurrencies Easily Outperform S&P, Dow Jones in February

· March 1, 2017 · 10:30 am

After a slow or turbulent start of 2017, the global cryptocurrency market picked up the pace and really hit its stride in the month of February.


Momentum. That seems to be the word that best describes February as nearly every top decentralized digital currency has seen growth and reasons for optimism as Spring approaches. Let’s review what the state of affairs is for the top five cryptocurrencies as they head into March.

February: Bitcoin Best Performing Asset Again

The market leader had a much less volatile month, after seeing swings from $1,100 USD to $775 USD early on in January. Over the last four years, Bitcoin has proven to be very cyclical and consistent, with January always being a month of great swings in value.

Now, that regulations in China have been levied, Bitcoin has seen consistent growth, adding 30% in market value for the month, easily beating mainstream indices like the S&P 500 (4%) and the Dow Jones Industrial Average (5%).

Bitcoinist_Dow Jones

With optimism, or speculation, about the March 11th SEC decision on the Winklevoss ETF looming, Bitcoin remains near its all-time high at about $1,195 USD with a market cap of well over $19 billion.

Will a defeat cause Bitcoin to go into a tailspin in March?

Ethereum Enchants Enterprises

The young smart-contract-based blockchain is doing very well in 2017, almost doubling in market value since January 1st. If anything, ETH has been a model of consistency so far; consistent gains. According to CoinMarketCap, ETH has gone from $7.99 at the start of the year, to about $10.70 on February 1st to $15.75 today, nearly doubling in value in the first two months of the year.

4

The Enterprise Ethereum Alliance, officially announced yesterday, which includes mainstream superpowers like ING, Microsoft, JP Morgan, and Intel should only enhance Ethereum’s market value and attract new partners in the future.

Dash Dazzles

The only major player doing better than Ethereum right now is Dash, which has recently jumped from out of the top five in market cap to third behind the aforementioned. Dash has gained an astonishing 68% within just the last week alone and has more than tripled in value sine January 1st.

chart

The new Dash 12.1 release (Sentinel), a new mainstream agreement with payments provider BlockPay, and positive feedback from “Bitcoin Jesus” Roger Ver have bolstered its value in Q1.

Ripple & Litecoin Lackluster

Ripple made news last year as a potential future replacement for the vaunted SWIFT international banking payment network but has generated little buzz since. Litecoin also has fallen on hard times, with an inability to capitalize on Bitcoin’s demand.

It appears that investors are flocking to Dash and Ethereum instead, as Litecoin hangs on the vine, falling form second-best behind Bitcoin, to barely in the top five ahead of Monero. Somebody call the PR Department, STAT.

Which will be the best performing currency in 2017? Share your thoughts below!


Image courtesy of Enterprise Ethereum Alliance, Shutterstock, Coinmarketcap.com

Show comments

Share
Úno 08

Litecoin: SegWit ‘Testbed’ at Risk as Bitcoin Politics Spread

· February 8, 2017 · 8:00 am

The Segregated Witness (SegWit) update has received lukewarm support thus far since it was announced on Litecoin on January 28th.


Beyond Bitcoin: ‘Testbed’ for SegWit

After Bitcoin, the SegWit scaling update has now been introduced to Litecoin along with some other cryptocurrencies including Vertcoin, Groestlcoin, and Viacoin.

Right now, Litecoin miners are in the process of voting on the update. Currently at 3%, support is lower than it is in Bitcoin, which rapidly climbed up to 22% in its first two weeks.

Bitcoinist_Litecoin Logo

The vote has attracted the attention of the Bitcoin community. Litecoin (and other coins) could become a testbed for the potential SegWit soft-fork on Bitcoin, and could offer a sneak peek as to how this update fares in the real world. Moreover, SegWit may have better chances on Litecoin since its activation threshold is just 75% compared to Bitcoin’s 95%. 

But this “testbed” mentality may be part of the reason why Litecoin users are not so eager to activate the update, which would make them, in a sense, Bitcoin’s ‘lab rat.’ Dubbed the “silver to Bitcoin gold,” it currently has a market cap of about $198 million USD, which could be negatively affected if the update goes sour.

Creator: ‘Litecoin Became Political Too’

Nevertheless, the SegWit update is supported by Litecoin creator Charlie Lee.

charlie-lee-talks-about-litecoin-bitcoin-and-coinbase-22-640x360

In a recently held Reddit AMA (in Chinese), he stated:

Yes, it’s unfortunate that SegWit on Litecoin became political too. One of the reasons I’m doing this AMA is to try to pull the politics out of the Segwit on Litecoin. Let’s not let Bitcoin politics pollute Litecoin for no reason.

Meanwhile, LTC1BTC founder Jiang Zhuoer stated that his pool, which controls 10% of the network, will not support the SegWit update. His motives, however, seem to stem directly from the Bitcoin debate. 

“Why do the Bitcoin Core developers say that the Segwit soft fork basically fixes every line of Bitcoin’s code? Zhuoer said. “As the complexity of a system increases, it follows that the stability of that system must decrease.”

12

Still, other pools have demonstrated their support for SegWit. F2Pool, the biggest Litecoin pool with 45.6% of the network’s hash rate, announced it will signal their support for SegWit in the coming weeks.

Litecoin Could Help Bitcoin Break Deadlock

Since Litecoin has a small number of users compared to Bitcoin, scaling is not exactly a pressing issue at the moment. Though SegWit was introduced to Bitcoin as a scaling solution, it also introduces additional features and paves the way for other upgrades such as the Lightning Network. 

Lee explained the motive for supporting SegWit saying,

The main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin. And there are a bunch more nice features of SegWit. With SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock[…]. We have been drafting behind the Bitcoin race car for many years. It’s about time to take a turn out front.

During the AMA, Lee also expressed his opinion regarding the alternatives that have been proposed, reassuring that Litecoin will stick to SegWit.

Litecoin roadmap

When asked what will Litecoin do if Bitcoin goes with Bitcoin Unlimited and FlexTrans, he said:

With such a controversial topic, I can’t see how Bitcoin can possibly go BU and FlexTrans. It will likely just not change, and that’s fine. It’s still the best store of value we have ever seen. Whatever happens, Litecoin is going the SegWit direction. And we welcome any Bitcoin Core devs to join us if Bitcoin, for some reason, goes in another direction.

Charlie Lee is currently holding another AMA thread on this topic (in english) here.

Will Litecoin pave the way for Bitcoin’s SegWit? Or will it fail to reach consensus?


Images courtesy of Shutterstock, Twitter, litecoinpool.org

Show comments

Share
Říj 27

Altcoin Report: Ethereum Classic Embraces the Hard Fork

Source: bitcoin

Litecoin

Ethereum Classic undergoes a successful hard fork, Zcash prepares for its grand introduction, and Jaxx adds Litecoin. Want to catch up on your latest altcoin news? Read the stories below.

Also read: Altcoin Report: Monero Shutting Down Until January

ETHEREUM CLASSIC

Following a recent DDoS attack, Ethereum Classic has undergone a successful hard fork to set things “back to normal.”

This is not the first time such a move has been executed, and unfortunately, the price of ether has suffered in the long run. Immediately following the hard fork, the cryptocurrency dropped by about three percent, although this may be a direct reaction to bitcoin’s recent rise (currently $681 at press time). Others are arguing that the system has already undergone too many forks and that Ethereum isn’t likely to benefit as it once has.

The decision allegedly stemmed from cryptocurrency developers without any public input, which has ultimately led to controversy. In response, a small group has already formed to “continue the original ETC chain.”

ZCASH

The launch of Zcash is set to take place on October 28, and mining companies are preparing themselves as best they can. The new cryptocurrency has already earned the attention of platforms like Jaxx, which announced plans to integrate the new system into its blockchain wallet.

Describing his venture, founder Zooko Wilcox states:

“Zcash is a new technology that lets you put encrypted data into a blockchain. Blockchains as they currently exist, don’t offer much (or any) control over the disclosure of the data you put on the blockchain. Any data you put in there is visible to all users of the blockchain. Zcash is the first protocol of its kind, and is the accumulation of years of academic research, hard engineering work, and diligent security work.”

JAXX

After several calls to add Litecoin to its system, Cryptocurrency wallet Jaxx has announced plans to comply. The virtual coin will be added to Jaxx’s platform and apps, giving users easier and more refined access to what is being touted as the world’s fourth largest cryptocurrency.

Director of the Litecoin Association Andrew Vegetabile explained:

“Having Litecoin integrated with Jaxx allows our community members, who are also members of other communities, to feel a sense of unity when accessing platforms that allow multiple cryptocurrencies. This partnership enables those cross-community members to access their various cryptocurrencies in one platform without having to worry about keeping up with multiple wallets and applications.”

Know of any altcoins that belong in our regular reports? Post your comments below!


Images courtesy of YouTube, Bitcoinist.

The post Altcoin Report: Ethereum Classic Embraces the Hard Fork appeared first on Bitcoinist.net.

Altcoin Report: Ethereum Classic Embraces the Hard Fork

Share
Srp 02

LoafWallet Is the First Server-Free Litecoin Wallet for iOS

Source: bitcoin

Litecoin

Litecoin users with iOS devices finally have a server-free SPV wallet to call their own, with the release of LoafWallet on the App Store.

Also read: Move Over Pokémon: AR Game ‘Takara’ Gives Players Real Money

Although Android users have used the standard Litecoin Wallet app for years, there has never been a widely-used mobile option for iOS. Hive wallet supported LTC sending and receiving, but required central servers.

LoafWallet is based on the popular Bread Wallet for bitcoin, made by developer Aaron Voisine. It is designed to be simple and lightweight, and the code is open source. An Android version is also on the way.

Loshan T, Lead Developer of the Litecoin Association development team, told Bitcoinist the new wallet represents a previously missing piece in Litecoin’s consumer infrastructure that could give Litecoin a greater place in its users’ daily life.

“The community and developers felt we were missing a critical market — mobile would allow more and more users to easily send and receive Litecoin,” Loshan said. “Most people don’t carry around iMacs everywhere. It also allows merchants at retail stores to accept Litecoin, which in the long-term could lead to widespread adoption of the cryptocurrency.”

HD, No Central Servers

LoafWallet is a HD, SPV (single payment verfication) wallet, meaning it synchronizes with nodes that verify the blockchain. This avoids having to download the entire blockchain, while also avoiding the need for accounts, logins and central servers.

All private key data is generated and kept locally on the device, and can be recovered if the device is lost or broken.

It uses AES hardware encryption and app sandboxing as well as keychain and code signatures, to protect users’ litecoins from malware and browser flaws.

Development Team

The wallet’s development was overseen by Loshan T, Lead Developer of the Litecoin Association development team, who also implemented the changes and transitioned the code to Apple’s XCode.

Franklyn Richards (MLPFrank) worked on the UI/UX side, which included redesigning the user interface from the initial launch tutorial to the menus, some of which are coming soon. Core developer Adrian Gallagher (thrasher-au) helped implement some Litecoin-specific parameters. Other team members are listed on the project’s GitHub page.

Part of the Litecoin Renaissance

Releasing HD wallets for Litecoin is a key feature of the Litecoin Association’s recently-released roadmap document, designed to show a way forward and breathe new life into the currency.

According to Loshan, releasing the roadmap last month has raised more interest in Litecoin and reminded everyone it is still going strong into the future.

“Many were uncertain about the future of Litecoin, and the roadmap built a clear foundation of objectives,” he said. “Overall it has seemed to rebuild confidence in most users.”

“Since the release of the roadmap,” Loshan continued, “the /r/Litecoin subreddit has also seen increased user views, which seems to indicate an uptick in interest in LTC.”

A long-standing number two to Bitcoin in terms of market cap and overall awareness, Litecoin has recently slipped to 4th-5th place in cryptocurrency rankings, as projects with more compelling use-cases like Ethereum and Steem soaked up attention and saw their respective values rise.

Its total cap is still over $185 million, though, and the currency is a favorite on Chinese exchanges where it is actively traded.

Are you planning to try out LoafWallet? Do you think it will bring Litecoin into everyday life?


Images courtesy of BTC Keychain via Flickr.

The post LoafWallet Is the First Server-Free Litecoin Wallet for iOS appeared first on Bitcoinist.net.

LoafWallet Is the First Server-Free Litecoin Wallet for iOS

Share
Čvc 06

Industry Report: Is Litecoin Making a Comeback?

Source: bitcoin

Industry Report: Is Litecoin Making a Comeback?

Cryptocurrency grows in Japan, and Litecoin is coming back with a vengeance. Want to catch up on the latest digital currency news? Have a gander at the stories below.

Also read: Industry Report: How China, France, and the FBI Do Bitcoin

ZAIF

Japanese cryptocurrency exchange Zaif is adding XEM currency to its platform. The company repeatedly appears in the headlines, and adding new digital currencies to its trading platform.

XEM currently holds heavy power in Japan, which is often credited for stimulating primary interest in the coin and bringing its $100 million market cap to fruition.

The New Economy Movement, which allegedly uses “blockchain technology to bring back equal” opportunities for individuals, has also proven quite popular within Japanese borders. Speaking of the NEM, Dragonfly Fintech CEO Lon Wong explains:

“It is timely that we can engage someone in Japan to spearhead the development and promotion of the NEM blockchain technology. Japan seems quick to jump onto this technology ahead of the rest of the world, although this solution was mooted ad developed in the USA and Europe.”

LITECOIN

Following a rocky period that seemed to last through the early part of 2016, Litecoin executives are revamping the coin and taking it in a whole new direction. Those in charge are seemingly promising an entire list of additions to the Litecoin table, including “new software clients, protocol improvements, and the consolidation of the various communication and governance structures.”

One of the big highlights of Litecoin’s new “coming-of-age story” is the addition of iOS and Android wallets. Such an app has never existed up to this point, and the lack of a accessible mobile wallets has been a major problem for the coin when it comes to expansion.

The new wallet will offer a simple user interface, encrypted private keys, and cold storage for added privacy and customer security. Also in Litecoin’s wake is a new tool slated to maintain the currency’s super-nodes.

Other cool aspects include faster signature validation, wallet pruning, memory usage improvements, and functionality to reduce upload traffic. The exclusive “Litecoin Talk” forum has also been reactivated with a new “read-only” archive following the recent hack which took place last March.

Know of any stories worthy of being included in our special Industry Reports? Post your comments and thoughts below!


Images courtesy of Google Play, blockscan.com.

The post Industry Report: Is Litecoin Making a Comeback? appeared first on Bitcoinist.net.

Industry Report: Is Litecoin Making a Comeback?

Share
Čvc 03

Litecoin Is Back: New Roadmap Signals the Start of a Renaissance

Source: bitcoin

Litecoin roadmap

The Litecoin Association has released a roadmap for the future of the well-known cryptocurrency, introducing new software clients, protocol improvements, and the consolidation of the various communication and governance structures.

Also read: Education not Speculation: Message from the Blockchain Training Conference

The main points of the roadmap concern software for both consumers and miners, touching on a new membership drive for the Litecoin Association (LA), legal issues, and communication with the Litecoin community.

Litecoin Is Back with a New Roadmap

The document may signal the beginning of a comeback for litecoin — even though it never really went away. LTC prices in recent months have hovered around the $4-5 USD mark, after lying low for much of 2015.

Litecoin has historically been the cryptocurrency with the highest name recognition and market cap after bitcoin, but has fallen out of the limelight in recent times thanks to other projects promising features beyond mere currency transactions — namely Ethereum.

The Litecoin community has also suffered minor setbacks, such as a hack resulting in stolen login credentials from its primary online forum, LitecoinTalk.

In November 2015, the project had to fight an application from a German citizen to trademark the word “litecoin” in the EU — under classes that appear to have nothing to do with cryptocurrency.

Despite never achieving the same levels of consumer and merchant acceptance as bitcoin, Litecoin remains popular in China, where it is traded on all major exchanges and enjoys an exalted status above other altcoins.

About 75 percent of all LTC trading happens in Chinese yuan (CNY), with the remaining quarter coming mostly from USD markets. The three most active LTC exchanges are BTC-e, Bitfinex and OKCoin.

New Wallets for iOS, Android

One hindrance to Litecoin consumer adoption has been a lack of wallets on the iOS platform, but this is about to change.

Developed in cooperation with the team that produced bitcoin’s Bread wallet, “LoafWallet” is a “Simple Payment Verification” (SPV) wallet designed for easy mobile use with security features such as AES hardware encryption and app sandboxing.

It also promises a simple user interface, integration with Apple Watch and Siri, and the ability to purchase coins from within the app.

A version of Electrum-LTC for Android devices is scheduled for late July, complementing the desktop client already available for all major operating systems.

Electrum-LTC for Android will also have SPV, keeping an indexed copy of the blockchain on Electrum’s servers. Wallets will feature encrypted private keys and have a cold storage option.

Other Online Services

The Litecoin Association will take over responsibility for the project’s social media tipping bot “LiteTip,” previously an independent project that has become inactive as of late.

The roadmap also gives development updates for Litecoin Node, a tool that simplifies the deployment and maintenance of Litecoin supernodes. Online wallet LiteVault is scheduled for an update as well.

Improvements to Litecoin Core

A major release of reference client Litecoin Core v0.13.x is due in 2016, featuring the following notable improvements:

  • Faster signature validation using the libsecp256k library developed by Bitcoin Core developers.
  • Wallet pruning to reduce block size storage.
  • Memory usage improvements including better mempool filtering of transactions.
  • Inbuilt Tor control socket API support if Tor is running and also stream isolation for
    Tor communication.
  • Functionality to reduce upload traffic.
  • Segregated Witness to allow for greater transaction output and mitigation of
    transaction malleability.
  • ZMQ support – ZeroMQ is a high performance asynchronous messaging library,
    aimed at use in distributed concurrent connections. Litecoin will support ZMQ for
    broadcasting block and transaction data.
  • Hierarchical Deterministic wallets – Litecoin Core will support hierarchical
    deterministic wallets (a.k.a. HD wallets).
  • Obfuscated blockchain data – Several antivirus applications detect the Litecoin
    stored blockchain data as a malware threat. Litecoin v0.13 will obfuscate the blockchain data to rid these false positives.

Keeping in line with proposed improvements to Bitcoin, Litecoin’s own protocol will adopt a number of changes to facilitate the features listed above. These modifications will also make the currency compatible with complex smart contracts and the Lightning Network.

The most up-to-date, stable releases of Litecoin Core are available for download at Litecoin.org.

Community Issues

The roadmap promises a new version of the once-active forum, LitecoinTalk. The original was hacked in March 2016 and has been relegated to a read-only archive ever since.

The Litecoin Association itself, under director Andrew Vegetabile, is in the process of re-engaging the community after lying dormant for a time. The Association is developing a new website designed to be a community information hub. A fundraiser and new membership drive are also in the works.

In addition to money for daily operations such as hosting, communications and DDoS protection, the Association requires funds to hire specialized development talent and to fight the battle in Europe over control of the Litecoin trademark.

The LA also announced Robert English (AKA Red and KSAREDFX) as the new Systems Administrator following the departure of Ryszard Mielcarek. English will collaborate with attorney Rishi Nair of Chicago-based Nair Law LLC. to draft new organization bylaws that provide governance for the Association and its operations.

A Brief History of Litecoin

Litecoin was initially developed and released in 2011 by Charlie Lee, intended to have similar utility to Bitcoin while addressing what Lee believed were shortcomings of the Bitcoin network.

Litecoin processes new transaction blocks every 2.5 minutes, as opposed to Bitcoin’s 10 minute intervals, and its memory-hungry Scrypt encryption algorithm is designed to keep the network decentralized by slowing the growth of ASIC mining hardware.

The altcoin also has a larger supply, with the total number of litecoins available for mining set at 84 million.

Often touted as the “silver to Bitcoin’s gold,” litecoin’s price has traditionally been lower but has followed trading patterns similar to bitcoin. Its price reached a zenith in November 2013, rising over to $40, mirroring bitcoin’s $1300 peak, but has since fallen downwards.

With the publication of its shiny new roadmap, the Litecoin Association and community is hoping for a LTC renaissance — with increased value and a return to prominence outside China, onboarding new consumers, merchants and speculators.

Do you use litecoin? Are new apps and a stronger community structure likely to use it more often?


Images courtesy of BTCKeychain via Flickr.

The post Litecoin Is Back: New Roadmap Signals the Start of a Renaissance appeared first on Bitcoinist.net.

Litecoin Is Back: New Roadmap Signals the Start of a Renaissance

Share
Úno 16

BTCBear: Trade Bitcoin With Security and Ease

Source: bitcoin

BTCBear

BTCBear is an international bitcoin exchange platform based in London. The company was founded by Casey Rush in August 2015 with the goal of providing a secure, high quality bitcoin trading experience. 

Disclaimer: This is a sponsored story. Bitcoinist is not responsible for this company’s products and/or services. 

Secure Trading With BTCBear

BTCBear offers a web-based trading service with  two advanced order forms: Market Order and Limit Order.

Market Orders are executed as soon as they are placed, allowing customers to buy or sell immediately at current market prices.

The two different kinds of Limit Orders customers can use on BTCBear are Take-Profit and Stop-Loss. The Take-Profit order automatically closes an open order when the exchange rate reaches a specified threshold. These orders are used to lock in profits when customers are unavailable to monitor their open positions. The Stop-Loss order is a defensive mechanism, helping protect against further losses, as well as avoiding margin closeouts. This order type automatically closes an open position when the exchange rate moves against the customer, falling to the levels specified by the trader.

BTCBear says:

“Your trading style will dictate the order type that best suits your needs, you can use Market Orders, Limit Orders (Stop-Loss and Take-Profit). A Market Order is executed immediately when placed, It is priced using the current spot, or market price. A limit order is an order to buy or sell a currency pair, but only when certain conditions included in the original trade instructions are fulfilled.”

In addition to advanced order forms, BTCBear has other interesting features. The first is called the “Redeem Code,” which lets users transfer USD and EUR to other people with an account with the exchange. Secondly, the company provides the “BTCBear eCode,” allowing its customers to send money to “friends, family and sellers,” making the process “easier than ever from [a] Bitcoin exchange platform!”

The bitcoin exchange also prides itself on providing its customers with a secure trading experience, using a combination of cold storage and two-factor authentication. According to BTCBear, 95% of all their bitcoins are kept in a cold storage wallet, and their database is backed up multiple times per day. Also, to protect customers, all member accounts are secured using Google two-factor authentication, which adds an extra layer of security against hackers trying to access someone’s account. Furthermore, people can make an account with BTCBear without any proof of address or identity verification, making this exchange more privacy-oriented than most of its competitors.

These features combine to form 4 selling points that BTCBear believes should make anyone want to choose their international bitcoin trading platform over anyone else:

  1. Secure offline Bitcoin cold storage
  2. Open an account quickly and easily. You won’t have to spend a lot of time filing agreements and sending documents to open an account. You can use BTCBear’s trading software to send and receive bitcoins without any proof of address or identity verification
  3. Easily deposit and withdraw money into an account with different methods with direct deposit buttons. Deposit money to an account anytime via online payment services such as Perfect Money, AdvCash, Payeer. BTCBear will also be adding OKPay, Payza and WebMoney to their list of supported payment services very soon.
  4. Different trading types.

The exchange accepts USD, EUR, bitcoin and litecoin for these services.

BTCBear believes that these mixture of secure and high quality trading features makes their platform a contender in the world of bitcoin trading. If you would like to learn more about BTCBear or possibly open an account with them, you can visit their website here.

What do you think about BTCBear? Let us know in the comments below!

The post BTCBear: Trade Bitcoin With Security and Ease appeared first on Bitcoinist.net.

BTCBear: Trade Bitcoin With Security and Ease

Share