the reasoning was that Coinbase saw Ethereums focus on smart contracts as a tangible improvement over Bitcoin, and not just another alt-coin that doesnt serve any real function. Luckily there are two main proposed solutions: Bitcoin Unlimited, which aims to get rid of the block size limit altogether, and. If youre familiar with Bitcoin you know that the community is facing an internal struggle with deciding how to scale the currency for the future. . Coinbases website or mobile apps, using easy payment methods like a credit/debit card or PayPal. Litecoin, its third cryptocurrency. Lightening Networks which would essentially allow for instant Litecoin payments off the main blockchain, with transactions only settling on the chain when they need. Four years in the making, last summer, coinbase added support for Ethereum, which is now the second most-popular digital currency with a market cap about one-third the size of Bitcoins market cap.
Both solutions would require a fork, meaning the majority of miners would have to agree on the changes and signal to slightly alter the currencys blockchain. And perhaps best of all, these recent developments have rekindled interest in the Litecoin currency, sending the price (and more importantly, volume) skyrocketing. Implementing SegWit will also allow Litecoin to experiment with something called.
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While Coinbase was founded as a platform to transact only with Bitcoin, the company has since announced its intent to add other cryptocurrencies with the broader goal of becoming a digital currency company. While Litecoin is still small enough that its not suffering from the same scaling issues as is Bitcoin, the team thought itd be a good way to bring something exciting to Litecoin. Long-term Litecoin, essentially, Lee sees Litecoins long-term goal as being able to help Bitcoin alleviate some transactional volume by taking over smaller, less important transactions. (Moderators: mprep, Welsh ) Author, topic: annltz LitecoinZ - Designed for the future (Read 28434 times). Lee explained that its been a slow few years for Litecoin. Market Cap: 3,094,323,706 USD 479,420 BTC 262,839,317 USD 40,723 BTC 58,832,227 LTC 84,000,000 LTC, donate kryptovaluutat singularitynet Bitcoin donate Litecoin, donate Ethereum 0x B8AE5a245E4ED161C971Dc4c3C8E2B. Essentially, Bitcoins original code wasnt designed to process this many transactions on a daily basis, and now the network is charging too much per transaction, which takes too long to confirm. SegWit, a few months ago Lee and the Litecoin community decided to work on implementing SegWit into Litecoin. Last week, miners voted with their hash power to signal for SegWit, and the actual code will be implemented next week.
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