{"id":3589,"date":"2018-03-30T15:20:03","date_gmt":"2018-03-30T15:20:03","guid":{"rendered":"http:\/\/joapen.com\/blog\/?p=3589"},"modified":"2018-04-16T08:06:58","modified_gmt":"2018-04-16T08:06:58","slug":"litecoin","status":"publish","type":"post","link":"http:\/\/joapen.com\/blog\/2018\/03\/30\/litecoin\/","title":{"rendered":"Litecoin"},"content":{"rendered":"

Bitcoin\u00a0<\/span>and\u00a0Litecoin\u00a0<\/span>are the global leaders in cryptocurrency, both are powered by similar technologies with the exception that Litecoin is a modified, more efficient version of Bitcoin focused on retail applications. Litecoin, as a result, is both cheaper and faster to transfer than Bitcoin but unfortunately may not be as universally accepted as Bitcoin.<\/p>\n

Some advantages with respect Bitcoin:<\/p>\n

    \n
  1. Faster transaction confirmation time (4x faster than BTC)<\/li>\n
  2. Increased storage efficiency due to scrypt usage in LTC proof-of-work algorithm<\/li>\n
  3. More coins to reward miners (84mn to be distributed total compared to 21mn BTC).<\/li>\n<\/ol>\n

    Litecoin is one of the more popular coins. They stay in the top 5 cryto currencies but during these last weeks the news about LitePay are not helping to the project (March 2018).<\/p>\n

    Litepay<\/h1>\n

    LitePay was announced to be released around the end of February 2018.<\/p>\n

    Then it was rescheduled for launching at the beginning of March 2018.<\/p>\n

    Now the launch has been postponed without defined date.<\/p>\n

    Litepal<\/h1>\n

    Another payment solution for Bitcoin and Litecoin with a roadmap,<\/a> that I want to follow up how they deliver.<\/p>\n